Can I retire at age 64 with 550,000?

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 $550,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.2%
1 years$45,418$45,014$44,619$44,234$43,858$43,274
2 years$22,484$22,066$21,660$21,266$20,885$20,297
3 years$14,841$14,420$14,015$13,626$13,250$12,678
4 years$11,020$10,600$10,200$9,816$9,450$8,897
5 years$8,728$8,311$7,915$7,540$7,184$6,651
6 years$7,200$6,786$6,397$6,030$5,684$5,173
7 years$6,109$5,699$5,316$4,957$4,623$4,134
8 years$5,292$4,885$4,508$4,159$3,835$3,367
9 years$4,656$4,254$3,883$3,542$3,230$2,783
10 years$4,148$3,749$3,385$3,053$2,752$2,327
11 years$3,732$3,338$2,980$2,657$2,367$1,962
12 years$3,386$2,996$2,645$2,331$2,051$1,667
13 years$3,094$2,707$2,363$2,058$1,788$1,424
14 years$2,843$2,461$2,123$1,827$1,568$1,222
15 years$2,626$2,248$1,917$1,629$1,380$1,053
16 years$2,437$2,063$1,738$1,459$1,220$911
17 years$2,270$1,900$1,582$1,311$1,082$790
18 years$2,121$1,755$1,444$1,181$962$687
19 years$1,989$1,627$1,322$1,067$857$598
20 years$1,869$1,512$1,213$967$766$522
21 years$1,762$1,408$1,116$877$685$456
22 years$1,664$1,314$1,028$798$614$400
23 years$1,575$1,229$949$726$551$350
24 years$1,493$1,152$878$663$496$307
25 years$1,418$1,081$813$605$446$270
26 years$1,349$1,016$754$553$402$237
27 years$1,285$956$700$506$362$208
28 years$1,226$901$651$464$327$183
29 years$1,171$850$606$425$295$161
30 years$1,120$803$564$390$267$142
31 years$1,072$759$526$359$241$125
32 years$1,027$718$491$330$218$110
33 years$985$680$458$303$197$97
34 years$946$644$428$279$179$86
35 years$908$611$400$257$162$75
36 years$874$580$375$236$147$67
37 years$841$551$351$218$133$59
38 years$809$524$328$201$120$52
39 years$780$498$308$185$109$46
40 years$752$474$288$171$99$40
41 years$725$451$270$158$90$36
42 years$700$429$254$145$82$31
43 years$676$409$238$134$74$28
44 years$653$390$223$124$67$25
45 years$632$372$210$114$61$22
46 years$611$355$197$106$55$19
47 years$591$339$185$98$50$17
48 years$572$323$174$90$46$15
49 years$554$309$163$83$41$13
50 years$537$295$154$77$38$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $550,000, adding $4,567 every year, while hoping to spend $27,390 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: 73/19/8 Blend
63$550,000$550,000$550,000$550,000
64$610,811$581,661$573,136$654,283
65$643,971$581,019$563,193$682,936
66$679,595$579,429$551,999$710,431
67$717,906$576,813$539,484$739,777
68$759,148$573,092$525,572$771,147
69$803,589$568,182$510,187$804,734
70$851,524$561,992$493,247$840,752
71$903,277$554,426$474,668$879,433
72$959,202$545,384$454,360$921,037
73$1,019,691$534,759$432,232$965,849
74$1,085,174$522,436$408,185$1,014,185
75$1,156,122$508,296$382,120$1,066,391
76$1,233,055$492,211$353,930$1,122,853
77$1,316,544$474,047$323,504$1,183,992
78$1,407,217$453,661$290,727$1,250,277
79$1,505,765$430,902$255,478$1,322,223
80$1,612,947$405,610$217,631$1,400,399
81$1,729,601$377,618$177,054$1,485,435
82$1,856,645$346,746$133,611$1,578,022
83$1,995,093$312,806$87,156$1,678,927
84$2,146,057$275,599$37,541$1,788,993
85$2,310,766$234,914$0$1,909,151
86$2,490,567$190,528$0$2,041,747
87$2,686,948$142,207$0$2,190,103
88$2,901,543$89,702$0$2,352,278
89$3,136,154$32,751$0$2,529,669
90$3,392,762$0$0$2,723,815
91$3,673,552$0$0$2,942,462
92$3,980,925$0$0$3,189,330
93$4,317,530$0$0$3,459,700
94$4,686,281$0$0$3,755,918
95$5,090,388$0$0$4,080,564
96$5,533,386$0$0$4,436,483
97$6,019,169$0$0$4,826,807
98$6,552,025$0$0$5,254,984
99$7,136,679$0$0$5,724,815
100$7,778,331$0$0$6,240,483