Can I retire at age 64 with 538,000?

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 $538,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.4%
1 years$44,428$44,032$43,646$43,269$42,901$42,648
2 years$21,994$21,584$21,187$20,802$20,429$20,174
3 years$14,517$14,106$13,710$13,328$12,961$12,712
4 years$10,779$10,369$9,977$9,602$9,244$9,002
5 years$8,537$8,129$7,743$7,375$7,027$6,794
6 years$7,043$6,638$6,257$5,898$5,560$5,336
7 years$5,976$5,575$5,200$4,849$4,522$4,306
8 years$5,176$4,779$4,410$4,068$3,751$3,544
9 years$4,555$4,161$3,798$3,465$3,159$2,961
10 years$4,057$3,667$3,311$2,987$2,692$2,502
11 years$3,651$3,265$2,915$2,599$2,315$2,133
12 years$3,312$2,930$2,587$2,280$2,006$1,833
13 years$3,026$2,648$2,311$2,013$1,749$1,584
14 years$2,781$2,407$2,077$1,787$1,534$1,376
15 years$2,569$2,199$1,875$1,594$1,350$1,201
16 years$2,384$2,018$1,700$1,427$1,193$1,051
17 years$2,220$1,858$1,547$1,282$1,058$923
18 years$2,075$1,717$1,412$1,155$941$813
19 years$1,945$1,591$1,293$1,044$839$717
20 years$1,828$1,479$1,186$946$749$634
21 years$1,723$1,377$1,091$858$670$562
22 years$1,627$1,286$1,006$780$601$499
23 years$1,540$1,202$929$711$539$443
24 years$1,460$1,127$859$648$485$394
25 years$1,387$1,057$796$592$436$351
26 years$1,319$994$738$541$393$312
27 years$1,257$935$685$495$354$279
28 years$1,199$881$637$454$320$249
29 years$1,145$831$593$416$289$222
30 years$1,095$785$552$382$261$198
31 years$1,048$742$515$351$236$177
32 years$1,005$702$480$322$213$159
33 years$963$665$448$296$193$142
34 years$925$630$419$273$175$127
35 years$889$598$392$251$158$114
36 years$854$567$366$231$143$102
37 years$822$539$343$213$130$91
38 years$792$512$321$196$118$82
39 years$763$487$301$181$107$73
40 years$736$463$282$167$97$66
41 years$710$441$264$154$88$59
42 years$685$420$248$142$80$53
43 years$662$400$233$131$72$47
44 years$639$382$218$121$66$42
45 years$618$364$205$112$60$38
46 years$598$347$193$103$54$34
47 years$578$331$181$96$49$31
48 years$560$316$170$88$45$27
49 years$542$302$160$82$41$25
50 years$525$288$150$75$37$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $538,000, adding $3,732 every year, while hoping to spend $20,262 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: 33/42/25 Blend
63$538,000$538,000$538,000$538,000
64$596,726$568,212$559,873$611,764
65$636,033$574,495$557,070$629,694
66$678,671$580,408$553,494$646,923
67$724,957$585,910$549,098$665,087
68$775,242$590,958$543,832$684,283
69$829,910$595,509$537,644$704,617
70$889,386$599,515$530,480$726,207
71$954,136$602,923$522,283$749,188
72$1,024,672$605,680$512,994$773,705
73$1,101,559$607,729$502,550$799,922
74$1,185,418$609,008$490,885$828,023
75$1,276,933$609,451$477,932$858,208
76$1,376,856$608,991$463,619$890,703
77$1,486,017$607,552$447,872$925,758
78$1,605,326$605,058$430,611$963,649
79$1,735,789$601,426$411,756$1,004,684
80$1,878,510$596,567$391,221$1,049,206
81$2,034,708$590,388$368,917$1,097,591
82$2,205,723$582,792$344,750$1,150,261
83$2,393,030$573,672$318,623$1,207,681
84$2,598,256$562,919$290,434$1,270,367
85$2,823,191$550,415$260,076$1,338,891
86$3,069,807$536,036$227,439$1,413,886
87$3,340,275$519,649$192,405$1,496,055
88$3,636,987$501,116$154,855$1,586,174
89$3,962,578$480,288$114,661$1,685,104
90$4,319,949$457,011$71,690$1,793,797
91$4,712,298$431,119$25,806$1,913,308
92$5,143,146$402,437$0$2,044,803
93$5,616,371$370,780$0$2,195,750
94$6,136,246$335,954$0$2,369,148
95$6,707,480$297,752$0$2,559,725
96$7,335,257$255,957$0$2,769,271
97$8,025,292$210,337$0$2,999,762
98$8,783,878$160,650$0$3,253,380
99$9,617,950$106,638$0$3,532,532
100$10,535,148$48,031$0$3,839,878