Can I retire at age 64 with 530,000?

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 $530,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.5%
1 years$43,767$43,377$42,997$42,625$42,263$40,812
2 years$21,667$21,263$20,872$20,493$20,125$18,678
3 years$14,301$13,896$13,506$13,130$12,768$11,371
4 years$10,619$10,215$9,829$9,459$9,106$7,769
5 years$8,410$8,009$7,627$7,266$6,923$5,649
6 years$6,938$6,540$6,164$5,811$5,478$4,268
7 years$5,887$5,492$5,122$4,777$4,455$3,310
8 years$5,099$4,708$4,344$4,007$3,696$2,614
9 years$4,487$4,099$3,742$3,413$3,112$2,093
10 years$3,997$3,613$3,262$2,942$2,652$1,693
11 years$3,597$3,216$2,872$2,561$2,281$1,380
12 years$3,263$2,887$2,549$2,246$1,976$1,132
13 years$2,981$2,609$2,277$1,983$1,723$934
14 years$2,740$2,371$2,046$1,760$1,511$773
15 years$2,531$2,166$1,847$1,570$1,330$642
16 years$2,348$1,988$1,675$1,406$1,176$535
17 years$2,187$1,830$1,524$1,263$1,042$446
18 years$2,044$1,691$1,391$1,138$927$373
19 years$1,916$1,568$1,274$1,028$826$313
20 years$1,801$1,457$1,169$931$738$262
21 years$1,697$1,357$1,075$845$660$220
22 years$1,603$1,267$991$769$592$185
23 years$1,517$1,185$915$700$531$155
24 years$1,439$1,110$846$638$478$131
25 years$1,366$1,042$784$583$430$110
26 years$1,300$979$727$533$387$93
27 years$1,238$921$675$488$349$78
28 years$1,181$868$627$447$315$66
29 years$1,128$819$584$410$284$55
30 years$1,079$773$544$376$257$47
31 years$1,033$731$507$346$232$39
32 years$990$692$473$318$210$33
33 years$949$655$442$292$190$28
34 years$911$621$413$269$172$24
35 years$875$589$386$247$156$20
36 years$842$559$361$228$141$17
37 years$810$531$338$210$128$14
38 years$780$505$316$193$116$12
39 years$752$480$296$178$105$10
40 years$725$456$278$165$95$9
41 years$699$435$261$152$87$7
42 years$675$414$244$140$79$6
43 years$652$394$229$129$71$5
44 years$630$376$215$119$65$4
45 years$609$358$202$110$59$4
46 years$589$342$190$102$53$3
47 years$570$326$178$94$48$3
48 years$552$311$168$87$44$2
49 years$534$297$158$80$40$2
50 years$517$284$148$74$36$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $530,000, adding $4,906 every year, while hoping to spend $42,432 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: 70/25/5 Blend
63$530,000$530,000$530,000$530,000
64$589,121$561,031$552,816$629,713
65$604,064$543,374$526,188$639,517
66$619,109$523,430$497,245$644,518
67$634,221$501,041$465,867$648,809
68$649,362$476,043$431,924$652,308
69$664,487$448,258$395,283$654,928
70$679,544$417,503$355,804$656,575
71$694,477$383,579$313,343$657,145
72$709,219$346,281$267,746$656,526
73$723,699$305,388$218,854$654,595
74$737,832$260,668$166,502$651,220
75$751,527$211,877$110,516$646,257
76$764,680$158,756$50,716$639,547
77$777,175$101,032$0$630,921
78$788,880$38,416$0$620,890
79$799,651$0$0$611,486
80$809,325$0$0$607,879
81$817,721$0$0$613,838
82$824,638$0$0$618,640
83$829,850$0$0$622,110
84$833,110$0$0$624,056
85$834,138$0$0$624,263
86$832,626$0$0$622,492
87$828,233$0$0$618,480
88$820,577$0$0$611,931
89$809,239$0$0$602,522
90$793,751$0$0$589,889
91$773,594$0$0$573,635
92$748,197$0$0$553,315
93$716,923$0$0$528,440
94$679,071$0$0$498,466
95$633,862$0$0$462,792
96$580,435$0$0$420,754
97$517,839$0$0$371,618
98$445,022$0$0$314,569
99$360,820$0$0$248,711
100$263,947$0$0$173,050