Can I retire at age 64 with 504,000?

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 $504,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19%
1 years$41,620$41,249$40,887$40,534$40,190$38,733
2 years$20,604$20,220$19,848$19,488$19,138$17,686
3 years$13,599$13,214$12,843$12,486$12,142$10,741
4 years$10,098$9,714$9,347$8,995$8,660$7,320
5 years$7,998$7,616$7,253$6,909$6,583$5,308
6 years$6,598$6,219$5,862$5,525$5,209$4,000
7 years$5,598$5,223$4,871$4,543$4,236$3,093
8 years$4,849$4,477$4,131$3,811$3,514$2,436
9 years$4,267$3,898$3,558$3,246$2,960$1,944
10 years$3,801$3,436$3,102$2,798$2,522$1,568
11 years$3,420$3,059$2,731$2,435$2,169$1,274
12 years$3,103$2,745$2,424$2,136$1,879$1,042
13 years$2,835$2,481$2,165$1,886$1,639$856
14 years$2,605$2,255$1,946$1,674$1,437$706
15 years$2,407$2,060$1,757$1,493$1,265$585
16 years$2,233$1,890$1,593$1,337$1,118$485
17 years$2,080$1,741$1,449$1,201$991$403
18 years$1,944$1,608$1,323$1,082$881$336
19 years$1,822$1,491$1,211$978$786$280
20 years$1,713$1,385$1,112$886$702$234
21 years$1,614$1,290$1,022$804$628$196
22 years$1,525$1,204$942$731$563$164
23 years$1,443$1,126$870$666$505$137
24 years$1,368$1,055$805$607$454$115
25 years$1,299$990$745$554$409$96
26 years$1,236$931$691$507$368$81
27 years$1,178$876$642$464$332$68
28 years$1,123$826$597$425$299$57
29 years$1,073$779$555$390$270$48
30 years$1,026$735$517$358$244$40
31 years$982$695$482$329$221$34
32 years$941$658$450$302$200$28
33 years$903$623$420$278$181$24
34 years$866$590$392$256$164$20
35 years$832$560$367$235$148$17
36 years$800$532$343$217$134$14
37 years$770$505$321$200$122$12
38 years$742$480$301$184$110$10
39 years$715$456$282$170$100$8
40 years$689$434$264$156$91$7
41 years$665$413$248$144$82$6
42 years$642$394$232$133$75$5
43 years$620$375$218$123$68$4
44 years$599$357$205$114$62$3
45 years$579$341$192$105$56$3
46 years$560$325$181$97$51$2
47 years$542$310$170$89$46$2
48 years$524$296$159$83$42$2
49 years$508$283$150$76$38$1
50 years$492$270$141$71$35$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $504,000, adding $4,611 every year, while hoping to spend $38,571 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: 60/28/12 Blend
63$504,000$504,000$504,000$504,000
64$560,164$533,452$525,640$591,881
65$576,262$518,552$502,210$598,857
66$592,708$501,629$476,702$601,700
67$609,499$482,544$449,006$603,866
68$626,627$461,147$419,007$605,295
69$644,084$437,284$386,584$605,919
70$661,857$410,788$351,611$605,666
71$679,934$381,483$313,958$604,461
72$698,297$349,186$273,485$602,220
73$716,927$313,700$230,051$598,855
74$735,801$274,819$183,505$594,272
75$754,891$232,323$133,690$588,370
76$774,165$185,982$80,444$581,038
77$793,587$135,553$23,596$572,161
78$813,114$80,776$0$561,613
79$832,699$21,381$0$554,005
80$852,285$0$0$547,979
81$871,811$0$0$553,604
82$891,205$0$0$565,708
83$910,387$0$0$577,649
84$929,267$0$0$589,367
85$947,741$0$0$600,793
86$965,697$0$0$611,850
87$983,004$0$0$622,454
88$999,519$0$0$632,507
89$1,015,081$0$0$641,903
90$1,029,508$0$0$650,520
91$1,042,600$0$0$658,226
92$1,054,132$0$0$664,870
93$1,063,854$0$0$670,286
94$1,071,487$0$0$674,289
95$1,076,720$0$0$676,672
96$1,079,210$0$0$677,208
97$1,078,572$0$0$675,641
98$1,074,381$0$0$671,688
99$1,066,166$0$0$665,038
100$1,053,402$0$0$655,341