Can I retire at age 64 with 582,000?

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 $582,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.9%
1 years$48,061$47,633$47,215$46,808$46,409$45,105
2 years$23,793$23,349$22,920$22,504$22,100$20,795
3 years$15,704$15,259$14,831$14,418$14,021$12,757
4 years$11,661$11,217$10,793$10,388$10,000$8,787
5 years$9,235$8,794$8,376$7,979$7,602$6,443
6 years$7,619$7,181$6,769$6,381$6,015$4,911
7 years$6,465$6,031$5,625$5,246$4,892$3,843
8 years$5,600$5,169$4,770$4,401$4,058$3,064
9 years$4,927$4,501$4,109$3,748$3,418$2,477
10 years$4,389$3,967$3,582$3,231$2,912$2,024
11 years$3,950$3,532$3,154$2,812$2,504$1,667
12 years$3,583$3,170$2,799$2,467$2,170$1,383
13 years$3,274$2,865$2,501$2,178$1,893$1,153
14 years$3,009$2,604$2,247$1,933$1,659$965
15 years$2,779$2,379$2,028$1,724$1,461$811
16 years$2,578$2,183$1,839$1,544$1,291$683
17 years$2,402$2,010$1,674$1,387$1,145$577
18 years$2,245$1,857$1,528$1,250$1,018$488
19 years$2,104$1,721$1,399$1,129$907$414
20 years$1,978$1,600$1,284$1,023$810$351
21 years$1,864$1,490$1,181$928$725$298
22 years$1,761$1,391$1,088$844$650$254
23 years$1,666$1,301$1,005$769$583$216
24 years$1,580$1,219$929$701$524$184
25 years$1,500$1,144$861$640$472$157
26 years$1,427$1,075$798$585$425$134
27 years$1,360$1,012$741$536$383$114
28 years$1,297$953$689$491$346$97
29 years$1,239$899$641$450$312$83
30 years$1,185$849$597$413$282$71
31 years$1,134$803$557$379$255$61
32 years$1,087$760$519$349$231$52
33 years$1,042$719$485$321$209$44
34 years$1,001$682$453$295$189$38
35 years$961$647$424$272$171$32
36 years$924$614$396$250$155$28
37 years$889$583$371$230$141$24
38 years$856$554$347$212$127$20
39 years$825$527$325$196$116$17
40 years$796$501$305$181$105$15
41 years$768$477$286$167$95$13
42 years$741$454$268$154$86$11
43 years$716$433$252$142$78$9
44 years$691$413$236$131$71$8
45 years$669$394$222$121$65$7
46 years$647$375$208$112$59$6
47 years$626$358$196$103$53$5
48 years$606$342$184$95$48$4
49 years$587$327$173$88$44$4
50 years$568$312$163$82$40$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $582,000, adding $3,573 every year, while hoping to spend $34,386 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: 79/14/7 Blend
63$582,000$582,000$582,000$582,000
64$645,050$614,204$605,183$695,220
65$674,258$607,713$588,870$722,131
66$705,294$599,752$570,858$746,781
67$738,306$590,212$551,054$772,794
68$773,459$578,979$529,360$800,289
69$810,933$565,930$505,675$829,397
70$850,925$550,937$479,892$860,263
71$893,650$533,864$451,899$893,047
72$939,345$514,566$421,580$927,925
73$988,269$492,890$388,814$965,092
74$1,040,706$468,675$353,473$1,004,762
75$1,096,968$441,751$315,424$1,047,173
76$1,157,397$411,935$274,530$1,092,585
77$1,222,369$379,037$230,644$1,141,288
78$1,292,297$342,856$183,616$1,193,599
79$1,367,632$303,176$133,288$1,249,871
80$1,448,872$259,773$79,494$1,310,491
81$1,536,563$212,409$22,064$1,375,887
82$1,631,306$160,830$0$1,446,532
83$1,733,760$104,772$0$1,525,879
84$1,844,650$43,953$0$1,613,521
85$1,964,774$0$0$1,708,460
86$2,095,007$0$0$1,814,790
87$2,236,314$0$0$1,937,522
88$2,389,754$0$0$2,070,809
89$2,556,492$0$0$2,215,664
90$2,737,812$0$0$2,373,203
91$2,935,125$0$0$2,544,656
92$3,149,982$0$0$2,731,372
93$3,384,091$0$0$2,934,838
94$3,639,334$0$0$3,156,692
95$3,917,778$0$0$3,398,733
96$4,221,702$0$0$3,662,945
97$4,553,611$0$0$3,951,508
98$4,916,266$0$0$4,266,826
99$5,312,705$0$0$4,611,543
100$5,746,272$0$0$4,988,570