Can I retire at age 64 with 558,000?

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 $558,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.6%
1 years$46,079$45,669$45,268$44,877$44,496$43,651
2 years$22,811$22,387$21,975$21,576$21,188$20,341
3 years$15,057$14,630$14,219$13,824$13,443$12,618
4 years$11,180$10,755$10,348$9,959$9,588$8,793
5 years$8,854$8,432$8,030$7,650$7,288$6,526
6 years$7,305$6,885$6,490$6,117$5,767$5,037
7 years$6,198$5,782$5,393$5,030$4,690$3,993
8 years$5,369$4,956$4,574$4,219$3,891$3,227
9 years$4,724$4,315$3,939$3,594$3,277$2,645
10 years$4,208$3,804$3,434$3,098$2,792$2,192
11 years$3,787$3,386$3,024$2,696$2,401$1,833
12 years$3,436$3,039$2,683$2,365$2,081$1,543
13 years$3,139$2,747$2,397$2,088$1,814$1,306
14 years$2,885$2,497$2,154$1,853$1,591$1,111
15 years$2,665$2,281$1,945$1,653$1,400$948
16 years$2,472$2,093$1,763$1,480$1,238$812
17 years$2,303$1,927$1,605$1,330$1,097$697
18 years$2,152$1,781$1,465$1,198$976$600
19 years$2,017$1,650$1,341$1,083$870$517
20 years$1,896$1,534$1,231$981$777$447
21 years$1,787$1,429$1,132$890$695$386
22 years$1,688$1,333$1,043$809$623$335
23 years$1,597$1,247$963$737$559$290
24 years$1,515$1,169$891$672$503$252
25 years$1,439$1,097$825$614$452$218
26 years$1,369$1,031$765$561$408$190
27 years$1,304$970$711$514$367$165
28 years$1,244$914$661$471$332$143
29 years$1,188$862$615$432$299$125
30 years$1,136$814$573$396$271$109
31 years$1,087$770$534$364$245$95
32 years$1,042$728$498$334$221$82
33 years$999$690$465$307$200$72
34 years$959$654$435$283$181$63
35 years$922$620$406$260$164$55
36 years$886$589$380$240$149$48
37 years$853$559$356$221$135$41
38 years$821$531$333$204$122$36
39 years$791$505$312$188$111$31
40 years$763$481$293$173$101$27
41 years$736$457$274$160$91$24
42 years$710$436$257$148$83$21
43 years$686$415$241$136$75$18
44 years$663$396$227$126$68$16
45 years$641$377$213$116$62$14
46 years$620$360$200$107$56$12
47 years$600$344$188$99$51$11
48 years$581$328$176$92$46$9
49 years$562$313$166$85$42$8
50 years$545$299$156$78$38$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $558,000, adding $4,463 every year, while hoping to spend $27,721 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: 60/35/5 Blend
63$558,000$558,000$558,000$558,000
64$619,520$589,946$581,297$655,895
65$653,216$589,358$571,275$680,170
66$689,420$587,813$559,989$703,032
67$728,358$585,233$547,366$727,255
68$770,280$581,538$533,332$752,971
69$815,458$576,643$517,808$780,325
70$864,192$570,456$500,712$809,477
71$916,812$562,881$481,959$840,606
72$973,680$553,816$461,458$873,910
73$1,035,195$543,152$439,116$909,606
74$1,101,793$530,775$414,835$947,937
75$1,173,957$516,563$388,512$989,171
76$1,252,213$500,388$360,040$1,033,606
77$1,337,146$482,114$329,308$1,081,570
78$1,429,393$461,596$296,198$1,133,428
79$1,529,659$438,682$260,589$1,189,582
80$1,638,718$413,211$222,352$1,250,479
81$1,757,422$385,013$181,356$1,316,613
82$1,886,707$353,907$137,459$1,388,530
83$2,027,605$319,702$90,518$1,466,834
84$2,181,251$282,198$40,381$1,552,194
85$2,348,895$241,182$0$1,645,350
86$2,531,910$196,428$0$1,747,821
87$2,731,811$147,699$0$1,862,155
88$2,950,263$94,744$0$1,987,206
89$3,189,102$37,298$0$2,124,088
90$3,450,346$0$0$2,274,036
91$3,736,220$0$0$2,448,007
92$4,049,173$0$0$2,654,226
93$4,391,899$0$0$2,880,110
94$4,767,370$0$0$3,127,621
95$5,178,855$0$0$3,398,921
96$5,629,956$0$0$3,696,391
97$6,124,639$0$0$4,022,652
98$6,667,273$0$0$4,380,593
99$7,262,671$0$0$4,773,394
100$7,916,132$0$0$5,204,558