Can I retire at age 64 with 521,000?

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 $521,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.4%
1 years$43,024$42,640$42,267$41,902$41,545$39,976
2 years$21,299$20,902$20,518$20,145$19,783$18,221
3 years$14,058$13,660$13,276$12,907$12,551$11,044
4 years$10,439$10,041$9,662$9,299$8,952$7,512
5 years$8,267$7,873$7,498$7,142$6,805$5,436
6 years$6,820$6,429$6,059$5,712$5,385$4,087
7 years$5,787$5,399$5,035$4,696$4,379$3,153
8 years$5,013$4,628$4,270$3,939$3,633$2,477
9 years$4,411$4,029$3,678$3,355$3,059$1,972
10 years$3,929$3,552$3,207$2,892$2,607$1,586
11 years$3,536$3,162$2,823$2,517$2,242$1,286
12 years$3,208$2,838$2,505$2,208$1,943$1,049
13 years$2,931$2,565$2,238$1,949$1,694$859
14 years$2,693$2,331$2,011$1,730$1,485$707
15 years$2,488$2,130$1,816$1,543$1,308$583
16 years$2,308$1,954$1,646$1,382$1,156$483
17 years$2,150$1,799$1,498$1,242$1,025$400
18 years$2,009$1,663$1,368$1,119$911$332
19 years$1,884$1,541$1,252$1,011$812$277
20 years$1,771$1,432$1,149$916$725$230
21 years$1,669$1,334$1,057$831$649$192
22 years$1,576$1,245$974$756$582$160
23 years$1,492$1,164$899$688$522$134
24 years$1,414$1,091$832$628$469$112
25 years$1,343$1,024$770$573$422$93
26 years$1,278$962$714$524$381$78
27 years$1,217$906$663$480$343$65
28 years$1,161$853$617$440$310$55
29 years$1,109$805$574$403$280$46
30 years$1,061$760$535$370$253$38
31 years$1,015$719$498$340$228$32
32 years$973$680$465$312$207$27
33 years$933$644$434$287$187$22
34 years$896$610$406$264$169$19
35 years$861$579$379$243$153$16
36 years$827$550$355$224$139$13
37 years$796$522$332$206$126$11
38 years$767$496$311$190$114$9
39 years$739$472$291$175$103$8
40 years$712$449$273$162$94$6
41 years$687$427$256$149$85$5
42 years$663$407$240$138$77$5
43 years$641$388$225$127$70$4
44 years$619$369$212$117$64$3
45 years$598$352$199$108$58$3
46 years$579$336$187$100$52$2
47 years$560$321$175$93$48$2
48 years$542$306$165$85$43$2
49 years$525$292$155$79$39$1
50 years$509$279$146$73$36$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $521,000, adding $3,667 every year, while hoping to spend $32,960 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: 56/14/30 Blend
63$521,000$521,000$521,000$521,000
64$577,925$550,312$542,236$605,308
65$601,804$542,208$525,332$616,489
66$627,014$532,602$506,756$624,958
67$653,656$521,386$486,419$633,531
68$681,840$508,445$464,226$642,230
69$711,687$493,658$440,076$651,079
70$743,327$476,896$413,867$660,110
71$776,905$458,022$385,490$669,357
72$812,577$436,893$354,832$678,860
73$850,515$413,355$321,774$688,668
74$890,906$387,249$286,193$698,834
75$933,958$358,404$247,959$709,419
76$979,894$326,638$206,938$720,495
77$1,028,963$291,762$162,990$732,143
78$1,081,433$253,575$115,966$744,455
79$1,137,602$211,863$65,714$757,533
80$1,197,795$166,402$12,073$771,498
81$1,262,369$116,954$0$786,482
82$1,331,714$63,269$0$817,096
83$1,406,262$5,081$0$854,113
84$1,486,482$0$0$893,916
85$1,572,894$0$0$945,697
86$1,666,066$0$0$1,002,409
87$1,766,622$0$0$1,063,653
88$1,875,250$0$0$1,129,852
89$1,992,703$0$0$1,201,472
90$2,119,811$0$0$1,279,022
91$2,257,485$0$0$1,363,066
92$2,406,728$0$0$1,454,219
93$2,568,642$0$0$1,553,162
94$2,744,438$0$0$1,660,642
95$2,935,450$0$0$1,777,479
96$3,143,145$0$0$1,904,579
97$3,369,135$0$0$2,042,936
98$3,615,195$0$0$2,193,644
99$3,883,280$0$0$2,357,907
100$4,175,538$0$0$2,537,051