Can I retire at age 64 with 520,000?

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 $520,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.9%
1 years$42,941$42,559$42,185$41,821$41,466$40,964
2 years$21,258$20,862$20,478$20,106$19,745$19,241
3 years$14,031$13,634$13,251$12,882$12,527$12,035
4 years$10,419$10,022$9,643$9,281$8,935$8,459
5 years$8,251$7,857$7,484$7,129$6,792$6,334
6 years$6,807$6,416$6,048$5,701$5,374$4,934
7 years$5,776$5,388$5,026$4,687$4,371$3,949
8 years$5,003$4,619$4,262$3,932$3,626$3,223
9 years$4,402$4,021$3,671$3,349$3,054$2,669
10 years$3,922$3,545$3,201$2,887$2,602$2,235
11 years$3,529$3,156$2,818$2,512$2,238$1,888
12 years$3,202$2,832$2,501$2,204$1,939$1,607
13 years$2,925$2,560$2,234$1,946$1,691$1,375
14 years$2,688$2,327$2,007$1,727$1,482$1,183
15 years$2,483$2,125$1,812$1,540$1,305$1,022
16 years$2,304$1,950$1,643$1,379$1,153$885
17 years$2,146$1,796$1,495$1,239$1,023$770
18 years$2,005$1,660$1,365$1,117$909$670
19 years$1,880$1,538$1,250$1,009$811$585
20 years$1,767$1,429$1,147$914$724$512
21 years$1,665$1,331$1,055$829$648$449
22 years$1,573$1,243$972$754$581$393
23 years$1,489$1,162$898$687$521$346
24 years$1,412$1,089$830$626$469$304
25 years$1,341$1,022$769$572$422$267
26 years$1,275$960$713$523$380$235
27 years$1,215$904$662$479$342$207
28 years$1,159$852$616$439$309$183
29 years$1,107$804$573$402$279$161
30 years$1,058$759$534$369$252$142
31 years$1,013$717$497$339$228$126
32 years$971$679$464$312$206$111
33 years$931$643$433$287$187$98
34 years$894$609$405$264$169$87
35 years$859$578$379$243$153$77
36 years$826$548$354$224$139$68
37 years$795$521$331$206$126$60
38 years$765$495$310$190$114$53
39 years$737$471$291$175$103$47
40 years$711$448$273$161$94$42
41 years$686$426$256$149$85$37
42 years$662$406$240$137$77$33
43 years$639$387$225$127$70$29
44 years$618$369$211$117$64$26
45 years$597$352$198$108$58$23
46 years$578$335$186$100$52$20
47 years$559$320$175$92$48$18
48 years$541$306$164$85$43$16
49 years$524$292$155$79$39$14
50 years$508$279$145$73$36$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $520,000, adding $2,131 every year, while hoping to spend $35,844 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: 48/29/23 Blend
63$520,000$520,000$520,000$520,000
64$575,238$547,678$539,618$599,001
65$595,775$536,377$519,558$604,517
66$617,205$523,320$497,624$606,752
67$639,581$508,384$473,716$608,449
68$662,962$491,439$447,729$609,575
69$687,409$472,344$419,553$610,094
70$712,990$450,954$389,073$609,969
71$739,777$427,113$356,169$609,164
72$767,850$400,657$320,716$607,640
73$797,293$371,412$282,582$605,359
74$828,199$339,194$241,632$602,281
75$860,671$303,809$197,721$598,367
76$894,816$265,052$150,701$593,578
77$930,754$222,706$100,417$587,872
78$968,614$176,543$46,704$581,211
79$1,008,539$126,319$0$573,556
80$1,050,681$71,780$0$567,473
81$1,095,209$12,656$0$572,721
82$1,142,306$0$0$577,837
83$1,192,171$0$0$599,216
84$1,245,022$0$0$626,183
85$1,301,099$0$0$654,826
86$1,360,662$0$0$685,280
87$1,423,997$0$0$717,696
88$1,491,414$0$0$752,238
89$1,563,257$0$0$789,085
90$1,639,899$0$0$828,434
91$1,721,749$0$0$870,501
92$1,809,258$0$0$915,522
93$1,902,917$0$0$963,756
94$2,003,266$0$0$1,015,489
95$2,110,898$0$0$1,071,031
96$2,226,463$0$0$1,130,725
97$2,350,672$0$0$1,194,947
98$2,484,311$0$0$1,264,109
99$2,628,237$0$0$1,338,666
100$2,783,395$0$0$1,419,114