Can I retire at age 64 with 560,000?

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 $560,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12%
1 years$46,244$45,832$45,430$45,038$44,655$44,281
2 years$22,893$22,467$22,054$21,653$21,264$20,887
3 years$15,111$14,682$14,270$13,873$13,491$13,123
4 years$11,220$10,793$10,385$9,995$9,622$9,265
5 years$8,886$8,462$8,059$7,677$7,314$6,970
6 years$7,331$6,910$6,513$6,139$5,788$5,457
7 years$6,220$5,803$5,412$5,048$4,707$4,389
8 years$5,388$4,974$4,590$4,234$3,905$3,600
9 years$4,741$4,331$3,953$3,607$3,288$2,997
10 years$4,223$3,817$3,447$3,109$2,802$2,523
11 years$3,800$3,398$3,034$2,706$2,410$2,144
12 years$3,448$3,050$2,693$2,373$2,088$1,835
13 years$3,150$2,757$2,406$2,095$1,821$1,580
14 years$2,895$2,506$2,162$1,860$1,596$1,367
15 years$2,674$2,289$1,952$1,659$1,405$1,188
16 years$2,481$2,100$1,770$1,485$1,242$1,036
17 years$2,311$1,934$1,610$1,334$1,101$906
18 years$2,160$1,787$1,470$1,203$979$794
19 years$2,025$1,656$1,346$1,087$873$698
20 years$1,903$1,539$1,235$984$780$615
21 years$1,794$1,434$1,136$893$698$542
22 years$1,694$1,338$1,047$812$625$479
23 years$1,603$1,252$967$740$561$423
24 years$1,520$1,173$894$675$505$375
25 years$1,444$1,101$828$616$454$332
26 years$1,373$1,034$768$563$409$295
27 years$1,308$973$713$516$369$261
28 years$1,248$917$663$472$333$232
29 years$1,192$865$617$433$300$206
30 years$1,140$817$575$398$271$183
31 years$1,091$773$536$365$245$163
32 years$1,046$731$500$336$222$145
33 years$1,003$692$467$309$201$129
34 years$963$656$436$284$182$115
35 years$925$622$408$261$165$103
36 years$889$591$381$241$149$91
37 years$856$561$357$222$135$81
38 years$824$533$334$204$123$73
39 years$794$507$313$188$111$65
40 years$766$482$294$174$101$58
41 years$739$459$275$160$92$51
42 years$713$437$258$148$83$46
43 years$689$417$242$137$75$41
44 years$665$397$227$126$68$37
45 years$643$379$214$117$62$33
46 years$622$361$201$108$56$29
47 years$602$345$188$99$51$26
48 years$583$329$177$92$47$23
49 years$564$314$166$85$42$21
50 years$547$300$156$78$38$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $560,000, adding $6,438 every year, while hoping to spend $38,373 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: 67/10/23 Blend
63$560,000$560,000$560,000$560,000
64$623,761$594,081$585,401$661,482
65$646,556$582,362$564,183$675,882
66$670,390$568,783$540,969$686,641
67$695,328$553,212$515,650$697,510
68$721,442$535,510$488,114$708,499
69$748,808$515,529$458,245$719,622
70$777,509$493,113$425,919$730,896
71$807,636$468,096$391,008$742,339
72$839,287$440,305$353,379$753,973
73$872,568$409,554$312,891$765,826
74$907,596$375,647$269,399$777,926
75$944,496$338,380$222,749$790,310
76$983,406$297,532$172,783$803,019
77$1,024,477$252,874$119,334$816,100
78$1,067,870$204,161$62,228$829,606
79$1,113,765$151,137$1,285$843,599
80$1,162,355$93,530$0$858,149
81$1,213,854$31,051$0$888,982
82$1,268,494$0$0$921,897
83$1,326,527$0$0$960,758
84$1,388,233$0$0$1,005,730
85$1,453,914$0$0$1,053,618
86$1,523,903$0$0$1,104,668
87$1,598,564$0$0$1,159,148
88$1,678,296$0$0$1,217,351
89$1,763,536$0$0$1,279,601
90$1,854,764$0$0$1,346,249
91$1,952,504$0$0$1,417,684
92$2,057,333$0$0$1,494,330
93$2,169,883$0$0$1,576,652
94$2,290,848$0$0$1,665,164
95$2,420,991$0$0$1,760,426
96$2,561,147$0$0$1,863,056
97$2,712,235$0$0$1,973,730
98$2,875,265$0$0$2,093,194
99$3,051,344$0$0$2,222,264
100$3,241,692$0$0$2,361,839