Can I retire at age 64 with 528,000?

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 $528,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14%
1 years$43,602$43,213$42,834$42,465$42,103$41,406
2 years$21,585$21,183$20,793$20,416$20,049$19,349
3 years$14,247$13,843$13,455$13,081$12,720$12,038
4 years$10,579$10,176$9,792$9,424$9,072$8,414
5 years$8,378$7,978$7,599$7,238$6,896$6,264
6 years$6,912$6,515$6,141$5,789$5,457$4,851
7 years$5,865$5,471$5,103$4,759$4,438$3,859
8 years$5,080$4,690$4,328$3,992$3,682$3,129
9 years$4,470$4,083$3,728$3,401$3,101$2,574
10 years$3,982$3,599$3,250$2,931$2,642$2,141
11 years$3,583$3,204$2,861$2,551$2,272$1,797
12 years$3,251$2,876$2,539$2,238$1,969$1,518
13 years$2,970$2,599$2,269$1,976$1,717$1,290
14 years$2,730$2,362$2,038$1,754$1,505$1,102
15 years$2,521$2,158$1,840$1,564$1,325$944
16 years$2,339$1,980$1,668$1,400$1,171$812
17 years$2,179$1,824$1,518$1,258$1,038$700
18 years$2,036$1,685$1,386$1,134$923$605
19 years$1,909$1,562$1,269$1,025$823$524
20 years$1,795$1,451$1,164$928$735$455
21 years$1,691$1,352$1,071$842$658$395
22 years$1,597$1,262$987$766$590$344
23 years$1,512$1,180$911$697$529$299
24 years$1,433$1,106$843$636$476$261
25 years$1,361$1,038$781$581$428$228
26 years$1,295$975$724$531$386$199
27 years$1,234$918$672$486$348$174
28 years$1,177$865$625$445$314$152
29 years$1,124$816$582$408$283$133
30 years$1,075$770$542$375$256$116
31 years$1,029$728$505$344$231$102
32 years$986$689$471$316$209$89
33 years$946$653$440$291$189$78
34 years$908$619$411$268$172$68
35 years$872$587$384$246$155$60
36 years$839$557$360$227$141$52
37 years$807$529$337$209$128$46
38 years$777$503$315$193$116$40
39 years$749$478$295$178$105$35
40 years$722$455$277$164$95$31
41 years$696$433$260$151$86$27
42 years$672$412$243$140$78$24
43 years$649$393$228$129$71$21
44 years$627$374$214$119$65$18
45 years$606$357$201$110$59$16
46 years$587$341$189$101$53$14
47 years$568$325$178$94$48$12
48 years$549$310$167$87$44$11
49 years$532$296$157$80$40$9
50 years$516$283$148$74$36$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $528,000, adding $4,697 every year, while hoping to spend $44,399 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: 57/37/6 Blend
63$528,000$528,000$528,000$528,000
64$586,701$558,717$550,533$619,144
65$599,304$538,854$521,736$621,643
66$611,705$516,529$490,486$618,946
67$623,836$491,576$456,654$614,903
68$635,621$463,817$420,105$609,389
69$646,974$433,064$380,699$602,269
70$657,801$399,120$338,288$593,397
71$667,995$361,775$292,719$582,616
72$677,436$320,808$243,830$569,754
73$685,991$275,984$191,456$554,628
74$693,512$227,057$135,419$537,036
75$699,833$173,765$75,538$516,763
76$704,769$115,833$11,622$493,574
77$708,116$52,969$0$467,215
78$709,645$0$0$441,033
79$709,103$0$0$418,298
80$706,209$0$0$415,626
81$700,650$0$0$411,253
82$692,079$0$0$404,960
83$680,114$0$0$396,507
84$664,327$0$0$385,623
85$644,247$0$0$372,013
86$619,353$0$0$355,347
87$589,065$0$0$335,261
88$552,744$0$0$311,351
89$509,681$0$0$283,172
90$459,093$0$0$250,231
91$400,114$0$0$211,982
92$331,786$0$0$167,824
93$253,052$0$0$117,089
94$162,739$0$0$59,042
95$59,558$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0