Can I retire at age 64 with 594,000?

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 $594,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14%
1 years$49,052$48,615$48,189$47,773$47,366$46,582
2 years$24,283$23,831$23,393$22,968$22,555$21,767
3 years$16,028$15,574$15,137$14,716$14,310$13,543
4 years$11,901$11,448$11,016$10,602$10,206$9,466
5 years$9,426$8,976$8,549$8,143$7,758$7,047
6 years$7,776$7,329$6,908$6,512$6,139$5,457
7 years$6,598$6,155$5,741$5,354$4,993$4,341
8 years$5,715$5,276$4,869$4,491$4,142$3,520
9 years$5,029$4,594$4,193$3,826$3,488$2,896
10 years$4,480$4,049$3,656$3,298$2,972$2,409
11 years$4,031$3,605$3,219$2,870$2,556$2,021
12 years$3,657$3,235$2,856$2,517$2,215$1,708
13 years$3,341$2,924$2,552$2,222$1,932$1,452
14 years$3,071$2,658$2,293$1,973$1,693$1,239
15 years$2,836$2,428$2,070$1,759$1,491$1,062
16 years$2,632$2,228$1,877$1,575$1,318$914
17 years$2,451$2,051$1,708$1,415$1,168$788
18 years$2,291$1,896$1,559$1,276$1,039$681
19 years$2,148$1,757$1,427$1,153$926$590
20 years$2,019$1,633$1,310$1,044$827$512
21 years$1,902$1,521$1,205$947$740$445
22 years$1,797$1,420$1,111$861$663$387
23 years$1,701$1,328$1,025$785$595$337
24 years$1,612$1,244$948$716$535$294
25 years$1,531$1,167$878$653$482$256
26 years$1,457$1,097$815$597$434$224
27 years$1,388$1,033$756$547$391$195
28 years$1,324$973$703$501$353$171
29 years$1,264$918$654$460$319$149
30 years$1,209$867$610$422$288$131
31 years$1,157$819$568$387$260$114
32 years$1,109$775$530$356$235$100
33 years$1,064$734$495$327$213$88
34 years$1,021$696$463$301$193$77
35 years$981$660$432$277$175$67
36 years$943$626$405$255$158$59
37 years$908$595$379$235$144$52
38 years$874$565$355$217$130$45
39 years$842$538$332$200$118$40
40 years$812$512$311$184$107$35
41 years$783$487$292$170$97$30
42 years$756$464$274$157$88$27
43 years$730$442$257$145$80$23
44 years$706$421$241$134$73$21
45 years$682$402$227$124$66$18
46 years$660$383$213$114$60$16
47 years$639$366$200$105$54$14
48 years$618$349$188$97$49$12
49 years$599$333$177$90$45$11
50 years$580$318$166$83$41$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $594,000, adding $2,527 every year, while hoping to spend $31,618 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: 85/7/8 Blend
63$594,000$594,000$594,000$594,000
64$657,195$625,713$616,506$712,271
65$690,587$622,731$603,517$745,621
66$726,326$618,544$589,034$777,691
67$764,617$613,059$572,973$811,929
68$805,687$606,177$555,246$848,533
69$849,782$597,795$535,762$887,718
70$897,175$587,803$514,425$929,725
71$948,166$576,083$491,137$974,816
72$1,003,080$562,513$465,792$1,023,282
73$1,062,280$546,961$438,281$1,075,439
74$1,126,159$529,289$408,490$1,131,640
75$1,195,154$509,351$376,301$1,192,272
76$1,269,740$486,990$341,588$1,257,760
77$1,350,444$462,043$304,222$1,328,572
78$1,437,843$434,336$264,067$1,405,226
79$1,532,570$403,686$220,980$1,488,291
80$1,635,323$369,898$174,814$1,578,394
81$1,746,870$332,767$125,414$1,676,226
82$1,868,054$292,076$72,619$1,782,547
83$1,999,804$247,595$16,259$1,898,198
84$2,143,140$199,083$0$2,024,101
85$2,299,185$146,284$0$2,165,022
86$2,469,177$88,927$0$2,320,062
87$2,654,476$26,727$0$2,489,085
88$2,856,579$0$0$2,673,470
89$3,077,133$0$0$2,877,868
90$3,317,954$0$0$3,103,304
91$3,581,037$0$0$3,349,588
92$3,868,581$0$0$3,618,780
93$4,183,006$0$0$3,913,147
94$4,526,978$0$0$4,235,186
95$4,903,429$0$0$4,587,643
96$5,315,592$0$0$4,973,546
97$5,767,024$0$0$5,396,226
98$6,261,643$0$0$5,859,355
99$6,803,764$0$0$6,366,973
100$7,398,139$0$0$6,923,532