Can I retire at age 64 with 596,000?

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 $596,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.4%
1 years$49,217$48,779$48,351$47,934$47,526$47,049
2 years$24,365$23,911$23,471$23,045$22,631$22,151
3 years$16,082$15,626$15,188$14,765$14,358$13,890
4 years$11,941$11,487$11,053$10,637$10,240$9,787
5 years$9,457$9,006$8,577$8,171$7,785$7,347
6 years$7,802$7,354$6,932$6,534$6,160$5,739
7 years$6,620$6,176$5,760$5,372$5,009$4,606
8 years$5,734$5,294$4,885$4,506$4,156$3,770
9 years$5,046$4,609$4,208$3,839$3,500$3,131
10 years$4,495$4,063$3,668$3,309$2,982$2,630
11 years$4,045$3,617$3,230$2,880$2,565$2,229
12 years$3,670$3,246$2,866$2,526$2,222$1,903
13 years$3,353$2,934$2,561$2,230$1,938$1,634
14 years$3,081$2,667$2,301$1,980$1,699$1,410
15 years$2,846$2,436$2,077$1,765$1,496$1,222
16 years$2,641$2,235$1,883$1,581$1,322$1,063
17 years$2,459$2,058$1,714$1,420$1,172$927
18 years$2,299$1,902$1,564$1,280$1,042$810
19 years$2,155$1,763$1,432$1,157$929$710
20 years$2,026$1,638$1,314$1,047$830$623
21 years$1,909$1,526$1,209$951$743$548
22 years$1,803$1,424$1,114$864$666$483
23 years$1,706$1,332$1,029$787$597$426
24 years$1,618$1,248$951$718$537$376
25 years$1,537$1,171$881$656$483$332
26 years$1,462$1,101$817$600$435$293
27 years$1,393$1,036$759$549$392$260
28 years$1,328$976$706$503$354$230
29 years$1,269$921$657$461$320$204
30 years$1,213$870$612$423$289$180
31 years$1,161$822$570$389$261$160
32 years$1,113$778$532$357$236$142
33 years$1,067$737$497$328$214$126
34 years$1,025$698$464$302$194$112
35 years$984$662$434$278$175$99
36 years$947$629$406$256$159$88
37 years$911$597$380$236$144$78
38 years$877$567$356$218$131$70
39 years$845$540$333$201$118$62
40 years$815$513$312$185$107$55
41 years$786$489$293$171$97$49
42 years$759$465$275$158$88$43
43 years$733$443$258$145$80$39
44 years$708$423$242$134$73$34
45 years$685$403$227$124$66$30
46 years$662$384$213$115$60$27
47 years$641$367$201$106$55$24
48 years$620$350$188$98$49$21
49 years$601$334$177$90$45$19
50 years$582$320$167$84$41$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $596,000, adding $4,542 every year, while hoping to spend $31,881 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: 68/25/7 Blend
63$596,000$596,000$596,000$596,000
64$661,477$629,889$620,651$705,381
65$695,027$626,833$607,522$732,011
66$730,930$622,558$592,884$756,825
67$769,393$616,971$576,654$783,101
68$810,642$609,974$558,743$810,976
69$854,926$601,461$539,060$840,603
70$902,517$591,322$517,507$872,149
71$953,715$579,438$493,985$905,801
72$1,008,848$565,684$468,387$941,765
73$1,068,278$549,929$440,605$980,269
74$1,132,399$532,033$410,522$1,021,564
75$1,201,648$511,847$378,019$1,065,930
76$1,276,504$489,215$342,970$1,113,676
77$1,357,492$463,971$305,244$1,165,141
78$1,445,190$435,940$264,704$1,220,705
79$1,540,235$404,937$221,207$1,280,785
80$1,643,325$370,764$174,603$1,345,841
81$1,755,228$333,216$124,737$1,416,385
82$1,876,790$292,073$71,445$1,492,981
83$2,008,942$247,103$14,557$1,576,254
84$2,152,705$198,063$0$1,666,892
85$2,309,207$144,693$0$1,769,105
86$2,479,684$86,721$0$1,881,674
87$2,665,501$23,860$0$2,004,456
88$2,868,157$0$0$2,138,496
89$3,089,304$0$0$2,297,104
90$3,330,758$0$0$2,477,476
91$3,594,520$0$0$2,674,547
92$3,882,793$0$0$2,889,968
93$4,198,001$0$0$3,125,553
94$4,542,814$0$0$3,383,304
95$4,920,172$0$0$3,665,422
96$5,333,310$0$0$3,974,333
97$5,785,794$0$0$4,312,706
98$6,281,549$0$0$4,683,482
99$6,824,897$0$0$5,089,900
100$7,420,600$0$0$5,535,527