Can I retire at age 64 with 563,000?

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 $563,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.5%
1 years$46,492$46,078$45,674$45,279$44,894$43,527
2 years$23,016$22,587$22,172$21,769$21,378$20,012
3 years$15,191$14,761$14,347$13,948$13,563$12,242
4 years$11,280$10,851$10,441$10,048$9,673$8,406
5 years$8,934$8,507$8,102$7,718$7,354$6,144
6 years$7,370$6,947$6,548$6,172$5,819$4,668
7 years$6,254$5,834$5,441$5,075$4,732$3,641
8 years$5,417$5,001$4,615$4,257$3,926$2,893
9 years$4,766$4,354$3,975$3,626$3,306$2,330
10 years$4,246$3,838$3,465$3,126$2,817$1,897
11 years$3,821$3,417$3,051$2,720$2,423$1,556
12 years$3,466$3,067$2,707$2,386$2,099$1,285
13 years$3,167$2,771$2,419$2,106$1,831$1,067
14 years$2,910$2,519$2,173$1,870$1,605$890
15 years$2,688$2,301$1,962$1,668$1,413$744
16 years$2,494$2,111$1,779$1,493$1,249$624
17 years$2,323$1,944$1,619$1,342$1,107$525
18 years$2,171$1,797$1,478$1,209$985$442
19 years$2,036$1,665$1,353$1,092$878$373
20 years$1,913$1,547$1,242$989$784$315
21 years$1,803$1,441$1,142$898$701$267
22 years$1,703$1,345$1,053$816$629$226
23 years$1,612$1,258$972$744$564$191
24 years$1,528$1,179$899$678$507$162
25 years$1,452$1,106$832$619$456$138
26 years$1,381$1,040$772$566$411$117
27 years$1,315$979$717$518$371$99
28 years$1,255$922$666$475$335$84
29 years$1,198$870$620$436$302$72
30 years$1,146$822$578$400$273$61
31 years$1,097$777$539$367$247$52
32 years$1,051$735$503$337$223$44
33 years$1,008$696$469$310$202$37
34 years$968$660$438$285$183$32
35 years$930$626$410$263$166$27
36 years$894$594$383$242$150$23
37 years$860$564$359$223$136$20
38 years$829$536$336$206$123$17
39 years$798$510$315$190$112$14
40 years$770$485$295$175$101$12
41 years$743$462$277$161$92$10
42 years$717$440$260$149$84$9
43 years$692$419$244$137$76$7
44 years$669$399$229$127$69$6
45 years$647$381$215$117$62$5
46 years$625$363$202$108$57$5
47 years$605$347$189$100$51$4
48 years$586$331$178$92$47$3
49 years$567$316$167$85$42$3
50 years$550$302$157$79$39$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $563,000, adding $2,693 every year, while hoping to spend $46,683 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: 63/18/19 Blend
63$563,000$563,000$563,000$563,000
64$623,204$593,365$584,638$659,286
65$637,100$572,769$554,553$663,304
66$650,850$549,600$521,896$662,187
67$664,387$523,682$486,531$659,875
68$677,641$494,828$448,316$656,257
69$690,530$462,844$407,104$651,210
70$702,962$427,522$362,739$644,600
71$714,835$388,641$315,062$636,285
72$726,034$345,971$263,903$626,107
73$736,432$299,265$209,086$613,897
74$745,885$248,267$150,427$599,471
75$754,234$192,700$87,735$582,629
76$761,301$132,278$20,810$563,154
77$766,888$66,694$0$540,810
78$770,775$0$0$525,601
79$772,717$0$0$513,023
80$772,442$0$0$512,093
81$769,647$0$0$509,391
82$763,997$0$0$504,683
83$755,120$0$0$497,710
84$742,603$0$0$488,184
85$725,989$0$0$475,787
86$704,771$0$0$460,166
87$678,387$0$0$440,932
88$646,217$0$0$417,651
89$607,573$0$0$389,846
90$561,694$0$0$356,987
91$507,737$0$0$318,488
92$444,773$0$0$273,703
93$371,771$0$0$221,916
94$287,595$0$0$162,336
95$190,986$0$0$94,088
96$80,557$0$0$16,209
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0