Can I retire at age 64 with 532,000?

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 $532,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.7%
1 years$43,932$43,541$43,159$42,786$42,422$40,934
2 years$21,749$21,343$20,951$20,570$20,201$18,717
3 years$14,355$13,948$13,557$13,180$12,816$11,383
4 years$10,659$10,253$9,866$9,495$9,141$7,770
5 years$8,442$8,039$7,656$7,293$6,949$5,643
6 years$6,964$6,564$6,187$5,832$5,498$4,259
7 years$5,909$5,513$5,142$4,795$4,472$3,299
8 years$5,119$4,725$4,361$4,023$3,710$2,603
9 years$4,504$4,114$3,756$3,426$3,124$2,081
10 years$4,012$3,627$3,274$2,954$2,662$1,681
11 years$3,610$3,229$2,883$2,570$2,289$1,369
12 years$3,276$2,898$2,558$2,255$1,984$1,122
13 years$2,993$2,619$2,286$1,990$1,730$924
14 years$2,750$2,380$2,054$1,767$1,516$764
15 years$2,540$2,174$1,854$1,576$1,335$633
16 years$2,357$1,995$1,681$1,411$1,180$527
17 years$2,195$1,837$1,530$1,268$1,046$439
18 years$2,052$1,698$1,396$1,142$930$367
19 years$1,923$1,574$1,278$1,032$829$306
20 years$1,808$1,462$1,173$935$741$257
21 years$1,704$1,362$1,079$849$663$215
22 years$1,609$1,271$995$772$594$180
23 years$1,523$1,189$918$703$533$151
24 years$1,444$1,114$849$641$479$127
25 years$1,372$1,045$787$585$431$107
26 years$1,305$983$730$535$389$90
27 years$1,243$925$677$490$350$76
28 years$1,186$871$630$449$316$64
29 years$1,132$822$586$412$285$53
30 years$1,083$776$546$378$258$45
31 years$1,037$734$509$347$233$38
32 years$993$694$475$319$211$32
33 years$953$658$443$293$191$27
34 years$915$623$414$270$173$23
35 years$879$591$387$248$157$19
36 years$845$561$362$229$142$16
37 years$813$533$339$211$129$13
38 years$783$506$318$194$117$11
39 years$754$482$298$179$106$10
40 years$727$458$279$165$96$8
41 years$702$436$261$152$87$7
42 years$677$415$245$141$79$6
43 years$654$396$230$130$72$5
44 years$632$377$216$120$65$4
45 years$611$360$203$111$59$3
46 years$591$343$191$102$54$3
47 years$572$328$179$94$49$2
48 years$554$313$168$87$44$2
49 years$536$299$158$81$40$2
50 years$519$285$149$75$36$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $532,000, adding $6,593 every year, while hoping to spend $31,405 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: 88/5/7 Blend
63$532,000$532,000$532,000$532,000
64$593,065$564,869$556,623$644,384
65$620,143$559,133$541,855$673,076
66$648,930$552,063$525,540$699,541
67$679,568$543,561$507,592$727,611
68$712,211$533,523$487,924$757,423
69$747,028$521,837$466,441$789,130
70$784,206$508,387$443,047$822,898
71$823,946$493,050$417,641$858,910
72$866,472$475,692$390,115$897,368
73$912,027$456,177$360,359$938,494
74$960,881$434,356$328,258$982,530
75$1,013,326$410,075$293,690$1,029,747
76$1,069,685$383,169$256,529$1,080,437
77$1,130,312$353,463$216,642$1,134,928
78$1,195,596$320,775$173,891$1,193,575
79$1,265,964$284,910$128,134$1,256,772
80$1,341,884$245,663$79,218$1,324,953
81$1,423,873$202,817$26,988$1,398,595
82$1,512,495$156,142$0$1,478,222
83$1,608,373$105,397$0$1,566,561
84$1,712,192$50,326$0$1,664,393
85$1,824,703$0$0$1,770,414
86$1,946,732$0$0$1,885,925
87$2,079,190$0$0$2,014,316
88$2,223,076$0$0$2,153,788
89$2,379,490$0$0$2,305,407
90$2,549,643$0$0$2,470,348
91$2,734,866$0$0$2,649,901
92$2,936,624$0$0$2,845,486
93$3,156,530$0$0$3,058,669
94$3,396,358$0$0$3,291,168
95$3,658,061$0$0$3,544,879
96$3,943,789$0$0$3,821,886
97$4,255,908$0$0$4,124,484
98$4,597,024$0$0$4,455,198
99$4,970,004$0$0$4,816,811
100$5,378,007$0$0$5,212,385