Can I retire at age 64 with 599,000?

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 $599,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.3%
1 years$49,465$49,024$48,594$48,175$47,765$45,979
2 years$24,488$24,031$23,590$23,161$22,745$20,966
3 years$16,163$15,705$15,264$14,839$14,431$12,715
4 years$12,001$11,545$11,108$10,691$10,292$8,652
5 years$9,505$9,051$8,620$8,212$7,824$6,264
6 years$7,841$7,391$6,967$6,567$6,191$4,713
7 years$6,654$6,207$5,789$5,399$5,035$3,638
8 years$5,763$5,320$4,910$4,529$4,177$2,860
9 years$5,071$4,632$4,229$3,858$3,517$2,278
10 years$4,517$4,083$3,687$3,325$2,997$1,834
11 years$4,065$3,635$3,246$2,894$2,578$1,487
12 years$3,688$3,263$2,881$2,539$2,234$1,214
13 years$3,369$2,949$2,574$2,241$1,948$995
14 years$3,097$2,680$2,312$1,989$1,707$819
15 years$2,860$2,448$2,088$1,774$1,503$677
16 years$2,654$2,246$1,893$1,589$1,329$560
17 years$2,472$2,069$1,722$1,427$1,178$465
18 years$2,310$1,912$1,572$1,286$1,047$386
19 years$2,166$1,772$1,439$1,162$934$322
20 years$2,036$1,646$1,321$1,053$834$268
21 years$1,918$1,533$1,215$955$746$224
22 years$1,812$1,431$1,120$869$669$187
23 years$1,715$1,339$1,034$791$600$156
24 years$1,626$1,254$956$722$540$130
25 years$1,544$1,177$886$659$486$109
26 years$1,469$1,106$821$603$437$91
27 years$1,400$1,041$763$552$394$76
28 years$1,335$981$709$505$356$64
29 years$1,275$926$660$463$321$53
30 years$1,219$874$615$425$290$45
31 years$1,167$826$573$391$263$38
32 years$1,118$782$535$359$237$31
33 years$1,073$740$499$330$215$26
34 years$1,030$702$466$304$195$22
35 years$989$666$436$280$176$18
36 years$951$632$408$257$160$15
37 years$915$600$382$237$145$13
38 years$881$570$358$219$131$11
39 years$849$542$335$202$119$9
40 years$819$516$314$186$108$8
41 years$790$491$294$172$98$6
42 years$763$468$276$158$89$5
43 years$737$446$259$146$81$4
44 years$712$425$243$135$73$4
45 years$688$405$228$125$66$3
46 years$665$386$215$115$60$3
47 years$644$369$202$106$55$2
48 years$623$352$189$98$50$2
49 years$604$336$178$91$45$2
50 years$585$321$167$84$41$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $599,000, adding $2,295 every year, while hoping to spend $44,853 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: 28/42/30 Blend
63$599,000$599,000$599,000$599,000
64$662,465$630,718$621,434$674,828
65$682,314$613,900$594,529$668,165
66$702,683$594,755$565,219$657,017
67$723,579$573,121$533,376$644,152
68$745,008$548,827$498,868$629,456
69$766,972$521,693$461,553$612,807
70$789,475$491,528$421,287$594,076
71$812,518$458,129$377,916$573,128
72$836,100$421,282$331,282$549,819
73$860,220$380,763$281,218$523,998
74$884,873$336,331$227,550$495,503
75$910,054$287,735$170,096$464,167
76$935,754$234,708$108,669$429,810
77$961,960$176,968$43,068$392,243
78$988,658$114,218$0$351,266
79$1,015,830$46,143$0$315,293
80$1,043,452$0$0$290,750
81$1,071,499$0$0$276,423
82$1,099,937$0$0$283,490
83$1,128,728$0$0$290,613
84$1,157,829$0$0$297,776
85$1,187,189$0$0$304,961
86$1,216,748$0$0$312,149
87$1,246,439$0$0$319,317
88$1,276,184$0$0$326,439
89$1,305,895$0$0$333,485
90$1,335,472$0$0$340,423
91$1,364,802$0$0$347,216
92$1,393,756$0$0$353,823
93$1,422,191$0$0$360,195
94$1,449,944$0$0$366,281
95$1,476,832$0$0$372,023
96$1,502,652$0$0$377,354
97$1,527,173$0$0$382,202
98$1,550,139$0$0$386,484
99$1,571,265$0$0$390,110
100$1,590,230$0$0$392,979