Can I retire at age 64 with 500,000?

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 $500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.6%
1 years$41,290$40,922$40,563$40,213$39,871$38,487
2 years$20,440$20,060$19,691$19,333$18,986$17,606
3 years$13,492$13,109$12,741$12,387$12,046$10,713
4 years$10,018$9,637$9,272$8,924$8,591$7,316
5 years$7,934$7,555$7,196$6,855$6,531$5,316
6 years$6,545$6,169$5,815$5,482$5,168$4,015
7 years$5,554$5,181$4,832$4,507$4,203$3,112
8 years$4,811$4,441$4,098$3,781$3,486$2,456
9 years$4,233$3,867$3,530$3,220$2,936$1,965
10 years$3,771$3,408$3,077$2,776$2,502$1,589
11 years$3,393$3,034$2,709$2,416$2,152$1,294
12 years$3,079$2,723$2,404$2,119$1,864$1,061
13 years$2,813$2,461$2,148$1,871$1,626$875
14 years$2,585$2,237$1,930$1,661$1,425$724
15 years$2,388$2,044$1,743$1,481$1,255$601
16 years$2,215$1,875$1,580$1,326$1,109$500
17 years$2,063$1,727$1,438$1,191$983$417
18 years$1,928$1,596$1,312$1,074$874$348
19 years$1,808$1,479$1,202$970$779$291
20 years$1,699$1,374$1,103$879$696$244
21 years$1,601$1,280$1,014$798$623$205
22 years$1,512$1,195$935$725$558$172
23 years$1,431$1,118$863$660$501$144
24 years$1,357$1,047$798$602$451$121
25 years$1,289$983$739$550$405$102
26 years$1,226$923$686$503$365$86
27 years$1,168$869$637$460$329$72
28 years$1,114$819$592$422$297$61
29 years$1,064$773$551$387$268$51
30 years$1,018$730$513$355$242$43
31 years$974$690$478$326$219$36
32 years$934$653$446$300$198$31
33 years$895$618$417$276$179$26
34 years$860$586$389$254$162$22
35 years$826$556$364$233$147$18
36 years$794$527$341$215$133$15
37 years$764$501$319$198$121$13
38 years$736$476$298$183$110$11
39 years$709$453$280$168$99$9
40 years$684$431$262$155$90$8
41 years$659$410$246$143$82$7
42 years$637$390$231$132$74$6
43 years$615$372$216$122$67$5
44 years$594$355$203$113$61$4
45 years$574$338$191$104$55$3
46 years$555$323$179$96$50$3
47 years$538$308$168$89$46$2
48 years$520$294$158$82$42$2
49 years$504$281$149$76$38$2
50 years$488$268$140$70$34$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $500,000, adding $3,932 every year, while hoping to spend $39,629 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: 44/46/10 Blend
63$500,000$500,000$500,000$500,000
64$555,056$528,556$520,806$577,723
65$569,507$512,290$496,088$577,598
66$584,103$493,899$469,214$573,117
67$598,818$473,237$440,069$567,367
68$613,622$450,149$408,535$560,245
69$628,477$424,473$374,487$551,642
70$643,344$396,034$337,795$541,442
71$658,176$364,651$298,322$529,521
72$672,922$330,130$255,927$515,745
73$687,521$292,268$210,462$499,972
74$701,907$250,848$161,772$482,049
75$716,005$205,643$109,694$461,813
76$729,729$156,411$54,061$439,090
77$742,986$102,899$0$413,693
78$755,667$44,838$0$385,988
79$767,654$0$0$361,387
80$778,813$0$0$343,045
81$788,996$0$0$346,893
82$798,036$0$0$350,152
83$805,747$0$0$352,732
84$811,924$0$0$354,532
85$816,336$0$0$355,438
86$818,729$0$0$355,326
87$818,819$0$0$354,057
88$816,290$0$0$351,477
89$810,792$0$0$347,415
90$801,938$0$0$341,682
91$789,297$0$0$334,067
92$772,391$0$0$324,337
93$750,692$0$0$312,235
94$723,615$0$0$297,476
95$690,512$0$0$279,743
96$650,664$0$0$258,686
97$603,277$0$0$233,920
98$547,474$0$0$205,016
99$482,283$0$0$171,503
100$406,630$0$0$132,856