Can I retire at age 64 with 529,000?

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 $529,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.8%
1 years$43,684$43,295$42,916$42,545$42,183$41,180
2 years$21,626$21,223$20,833$20,454$20,087$19,083
3 years$14,274$13,870$13,480$13,105$12,744$11,769
4 years$10,599$10,196$9,810$9,442$9,089$8,152
5 years$8,394$7,993$7,613$7,252$6,910$6,012
6 years$6,925$6,527$6,152$5,800$5,467$4,610
7 years$5,876$5,482$5,113$4,768$4,446$3,630
8 years$5,090$4,699$4,336$4,000$3,689$2,913
9 years$4,478$4,091$3,735$3,407$3,106$2,371
10 years$3,990$3,606$3,256$2,937$2,647$1,950
11 years$3,590$3,210$2,866$2,556$2,276$1,618
12 years$3,257$2,881$2,544$2,242$1,973$1,351
13 years$2,976$2,604$2,273$1,979$1,720$1,135
14 years$2,735$2,367$2,042$1,757$1,508$957
15 years$2,526$2,162$1,844$1,567$1,328$810
16 years$2,344$1,984$1,672$1,403$1,173$688
17 years$2,183$1,827$1,521$1,261$1,040$586
18 years$2,040$1,688$1,389$1,136$925$500
19 years$1,913$1,565$1,271$1,027$825$427
20 years$1,798$1,454$1,167$930$737$366
21 years$1,694$1,354$1,073$844$659$313
22 years$1,600$1,264$989$767$591$269
23 years$1,514$1,182$913$699$530$231
24 years$1,436$1,108$845$637$477$198
25 years$1,364$1,040$782$582$429$171
26 years$1,297$977$725$532$386$147
27 years$1,236$920$674$487$348$126
28 years$1,179$866$626$446$314$109
29 years$1,126$817$583$409$284$94
30 years$1,077$772$543$376$256$81
31 years$1,031$730$506$345$232$70
32 years$988$690$472$317$210$60
33 years$947$654$441$292$190$52
34 years$909$620$412$268$172$45
35 years$874$588$385$247$156$39
36 years$840$558$360$227$141$33
37 years$808$530$337$210$128$29
38 years$778$504$316$193$116$25
39 years$750$479$296$178$105$21
40 years$723$456$277$164$95$18
41 years$698$434$260$152$86$16
42 years$673$413$244$140$78$14
43 years$650$394$229$129$71$12
44 years$629$375$215$119$65$10
45 years$608$358$202$110$59$9
46 years$588$341$189$102$53$8
47 years$569$326$178$94$48$7
48 years$551$311$167$87$44$6
49 years$533$297$157$80$40$5
50 years$516$284$148$74$36$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $529,000, adding $5,773 every year, while hoping to spend $21,927 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: 40/48/12 Blend
63$529,000$529,000$529,000$529,000
64$588,913$560,876$552,676$610,141
65$625,652$565,029$547,861$629,831
66$665,403$568,650$542,149$648,518
67$708,451$571,691$535,488$668,251
68$755,108$574,099$527,822$689,132
69$805,718$575,818$519,092$711,279
70$860,657$576,789$509,238$734,820
71$920,343$576,950$498,196$759,900
72$985,231$576,234$485,899$786,677
73$1,055,824$574,569$472,276$815,329
74$1,132,676$571,881$457,256$846,054
75$1,216,396$568,090$440,760$879,069
76$1,307,653$563,111$422,710$914,618
77$1,407,184$556,854$403,022$952,970
78$1,515,802$549,225$381,608$994,424
79$1,634,398$540,121$358,376$1,039,312
80$1,763,957$529,437$333,232$1,088,001
81$1,905,560$517,060$306,075$1,140,899
82$2,060,401$502,869$276,802$1,198,459
83$2,229,789$486,737$245,302$1,261,182
84$2,415,171$468,531$211,464$1,329,622
85$2,618,137$448,108$175,166$1,404,395
86$2,840,440$425,317$136,287$1,486,182
87$3,084,007$400,000$94,695$1,575,737
88$3,350,965$371,989$50,256$1,673,896
89$3,643,652$341,105$2,828$1,781,582
90$3,964,646$307,161$0$1,899,820
91$4,316,786$269,959$0$2,035,860
92$4,703,199$229,287$0$2,185,619
93$5,127,328$184,924$0$2,350,143
94$5,592,966$136,637$0$2,530,985
95$6,104,293$84,176$0$2,729,863
96$6,665,912$27,282$0$2,948,674
97$7,282,894$0$0$3,189,513
98$7,960,826$0$0$3,472,827
99$8,705,862$0$0$3,800,095
100$9,524,781$0$0$4,159,895