Can I retire at age 64 with 581,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $581,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.2%
1 years$47,978$47,551$47,134$46,727$46,330$44,615
2 years$23,752$23,309$22,881$22,465$22,062$20,354
3 years$15,677$15,233$14,805$14,394$13,997$12,349
4 years$11,641$11,198$10,774$10,370$9,983$8,408
5 years$9,219$8,779$8,361$7,965$7,589$6,090
6 years$7,606$7,169$6,757$6,370$6,005$4,584
7 years$6,454$6,020$5,615$5,237$4,883$3,541
8 years$5,590$5,161$4,762$4,393$4,051$2,785
9 years$4,919$4,493$4,102$3,742$3,412$2,220
10 years$4,382$3,961$3,576$3,226$2,907$1,788
11 years$3,943$3,526$3,148$2,807$2,500$1,451
12 years$3,577$3,165$2,794$2,462$2,167$1,185
13 years$3,268$2,860$2,496$2,174$1,889$973
14 years$3,004$2,600$2,243$1,930$1,656$801
15 years$2,774$2,375$2,025$1,721$1,458$662
16 years$2,574$2,179$1,836$1,541$1,289$549
17 years$2,397$2,007$1,671$1,384$1,143$456
18 years$2,241$1,854$1,525$1,248$1,016$379
19 years$2,101$1,718$1,396$1,127$906$316
20 years$1,975$1,597$1,281$1,021$809$263
21 years$1,861$1,487$1,179$927$724$220
22 years$1,758$1,388$1,086$843$649$184
23 years$1,663$1,299$1,003$767$582$154
24 years$1,577$1,217$928$700$524$128
25 years$1,498$1,142$859$639$471$107
26 years$1,425$1,073$797$584$424$90
27 years$1,357$1,010$740$535$383$75
28 years$1,295$952$688$490$345$63
29 years$1,237$898$640$449$312$53
30 years$1,183$848$596$412$282$44
31 years$1,132$801$556$379$255$37
32 years$1,085$758$519$348$230$31
33 years$1,040$718$484$320$208$26
34 years$999$681$452$295$189$22
35 years$960$646$423$271$171$18
36 years$923$613$396$250$155$15
37 years$888$582$370$230$140$13
38 years$855$553$347$212$127$11
39 years$824$526$325$196$115$9
40 years$794$500$305$180$105$8
41 years$766$476$286$166$95$6
42 years$740$454$268$154$86$5
43 years$714$432$251$142$78$4
44 years$690$412$236$131$71$4
45 years$667$393$222$121$64$3
46 years$645$375$208$112$59$3
47 years$625$358$195$103$53$2
48 years$605$341$184$95$48$2
49 years$586$326$173$88$44$2
50 years$567$311$162$81$40$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $581,000, adding $5,467 every year, while hoping to spend $35,135 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 76/13/11 Blend
63$581,000$581,000$581,000$581,000
64$645,901$615,108$606,103$693,248
65$674,400$607,865$589,024$717,955
66$704,628$599,090$570,195$740,037
67$736,724$588,669$549,521$763,254
68$770,841$576,486$526,901$787,704
69$807,146$562,412$502,232$813,500
70$845,821$546,317$475,402$840,762
71$887,066$528,057$446,299$869,627
72$931,099$507,484$414,803$900,244
73$978,160$484,440$380,788$932,777
74$1,028,513$458,758$344,124$967,410
75$1,082,444$430,261$304,676$1,004,345
76$1,140,271$398,761$262,300$1,043,804
77$1,202,340$364,062$216,849$1,086,033
78$1,269,032$325,953$168,166$1,131,307
79$1,340,763$284,216$116,090$1,179,926
80$1,417,994$238,615$60,452$1,232,224
81$1,501,227$188,904$1,074$1,288,568
82$1,591,015$134,824$0$1,349,365
83$1,687,967$76,098$0$1,422,378
84$1,792,750$12,438$0$1,501,400
85$1,906,098$0$0$1,586,880
86$2,028,818$0$0$1,687,525
87$2,161,796$0$0$1,798,530
88$2,306,009$0$0$1,918,933
89$2,462,528$0$0$2,049,630
90$2,632,533$0$0$2,191,610
91$2,817,322$0$0$2,345,959
92$3,018,322$0$0$2,513,872
93$3,237,104$0$0$2,696,664
94$3,475,394$0$0$2,895,781
95$3,735,096$0$0$3,112,816
96$4,018,302$0$0$3,349,522
97$4,327,314$0$0$3,607,825
98$4,664,669$0$0$3,889,851
99$5,033,157$0$0$4,197,935
100$5,435,851$0$0$4,534,649