Can I retire at age 64 with 584,000?

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 $584,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.3%
1 years$48,226$47,797$47,377$46,968$46,569$45,006
2 years$23,874$23,430$22,999$22,581$22,176$20,617
3 years$15,758$15,312$14,882$14,468$14,069$12,563
4 years$11,701$11,256$10,830$10,423$10,034$8,592
5 years$9,267$8,825$8,405$8,006$7,628$6,254
6 years$7,645$7,206$6,792$6,403$6,036$4,731
7 years$6,487$6,052$5,644$5,264$4,909$3,673
8 years$5,619$5,187$4,787$4,416$4,072$2,904
9 years$4,944$4,516$4,123$3,761$3,429$2,328
10 years$4,404$3,981$3,594$3,242$2,922$1,885
11 years$3,963$3,544$3,164$2,822$2,513$1,539
12 years$3,596$3,181$2,808$2,475$2,178$1,265
13 years$3,285$2,875$2,509$2,185$1,899$1,044
14 years$3,019$2,613$2,254$1,940$1,665$866
15 years$2,789$2,387$2,035$1,730$1,466$720
16 years$2,587$2,190$1,845$1,549$1,295$601
17 years$2,410$2,017$1,679$1,392$1,149$502
18 years$2,252$1,864$1,533$1,254$1,021$420
19 years$2,111$1,727$1,403$1,133$910$353
20 years$1,985$1,605$1,288$1,026$813$296
21 years$1,870$1,495$1,185$931$728$249
22 years$1,767$1,396$1,092$847$652$209
23 years$1,672$1,305$1,008$771$585$176
24 years$1,585$1,223$932$703$526$149
25 years$1,506$1,148$864$642$474$125
26 years$1,432$1,079$801$587$427$106
27 years$1,364$1,015$744$538$385$89
28 years$1,302$957$691$493$347$75
29 years$1,243$902$643$452$313$63
30 years$1,189$852$599$415$283$54
31 years$1,138$806$559$381$256$45
32 years$1,090$762$521$350$232$38
33 years$1,046$722$487$322$210$32
34 years$1,004$684$455$296$190$27
35 years$965$649$425$273$172$23
36 years$928$616$398$251$156$19
37 years$893$585$372$231$141$16
38 years$859$556$349$213$128$14
39 years$828$529$327$197$116$12
40 years$798$503$306$181$105$10
41 years$770$479$287$167$95$8
42 years$744$456$269$154$87$7
43 years$718$434$253$143$79$6
44 years$694$414$237$132$71$5
45 years$671$395$223$122$65$4
46 years$649$377$209$112$59$4
47 years$628$360$197$104$53$3
48 years$608$343$185$96$49$3
49 years$589$328$174$89$44$2
50 years$570$313$163$82$40$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $584,000, adding $5,473 every year, while hoping to spend $39,265 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: 71/20/9 Blend
63$584,000$584,000$584,000$584,000
64$649,213$618,261$609,209$693,853
65$673,656$606,779$587,840$712,623
66$699,275$593,417$564,439$727,800
67$726,150$578,043$538,897$743,342
68$754,366$560,516$511,099$759,275
69$784,015$540,686$480,925$775,630
70$815,199$518,394$448,250$792,440
71$848,028$493,473$412,945$809,744
72$882,619$465,746$374,871$827,585
73$919,104$435,025$333,887$846,014
74$957,623$401,112$289,843$865,084
75$998,332$363,798$242,584$884,860
76$1,041,399$322,861$191,947$905,410
77$1,087,007$278,067$137,763$926,815
78$1,135,358$229,169$79,855$949,164
79$1,186,672$175,905$18,037$972,555
80$1,241,188$118,000$0$997,103
81$1,299,169$55,161$0$1,027,535
82$1,360,902$0$0$1,061,536
83$1,426,703$0$0$1,100,395
84$1,496,915$0$0$1,154,830
85$1,571,917$0$0$1,212,997
86$1,652,122$0$0$1,275,219
87$1,737,984$0$0$1,341,850
88$1,830,000$0$0$1,413,278
89$1,928,716$0$0$1,489,931
90$2,034,731$0$0$1,572,277
91$2,148,702$0$0$1,660,828
92$2,271,351$0$0$1,756,150
93$2,403,469$0$0$1,858,860
94$2,545,928$0$0$1,969,640
95$2,699,682$0$0$2,089,237
96$2,865,782$0$0$2,218,471
97$3,045,382$0$0$2,358,245
98$3,239,752$0$0$2,509,551
99$3,450,285$0$0$2,673,479
100$3,678,514$0$0$2,851,229