Can I retire at age 64 with 572,000?

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 $572,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.2%
1 years$47,235$46,814$46,404$46,003$45,612$44,636
2 years$23,384$22,948$22,526$22,117$21,720$20,742
3 years$15,434$14,997$14,576$14,171$13,780$12,830
4 years$11,460$11,024$10,608$10,209$9,828$8,913
5 years$9,077$8,643$8,232$7,842$7,471$6,594
6 years$7,488$7,058$6,653$6,271$5,912$5,073
7 years$6,354$5,927$5,528$5,156$4,808$4,009
8 years$5,503$5,081$4,688$4,325$3,989$3,228
9 years$4,842$4,424$4,038$3,684$3,359$2,637
10 years$4,314$3,899$3,521$3,176$2,862$2,177
11 years$3,882$3,471$3,099$2,764$2,461$1,813
12 years$3,522$3,116$2,751$2,424$2,133$1,520
13 years$3,218$2,816$2,458$2,140$1,860$1,282
14 years$2,957$2,559$2,208$1,900$1,630$1,086
15 years$2,731$2,338$1,994$1,694$1,436$923
16 years$2,534$2,145$1,808$1,517$1,269$787
17 years$2,360$1,976$1,645$1,363$1,125$673
18 years$2,206$1,825$1,501$1,228$1,000$577
19 years$2,068$1,692$1,375$1,110$892$495
20 years$1,944$1,572$1,261$1,005$796$426
21 years$1,832$1,464$1,160$912$713$366
22 years$1,730$1,367$1,069$830$639$316
23 years$1,638$1,278$987$755$573$272
24 years$1,553$1,198$913$689$515$235
25 years$1,475$1,124$846$629$464$203
26 years$1,403$1,056$784$575$418$176
27 years$1,336$994$728$527$377$152
28 years$1,275$937$677$483$340$132
29 years$1,218$884$630$442$307$114
30 years$1,164$835$587$406$277$99
31 years$1,115$789$547$373$251$85
32 years$1,068$747$511$343$227$74
33 years$1,024$707$477$315$205$64
34 years$983$670$445$290$186$56
35 years$945$636$416$267$168$48
36 years$908$603$390$246$152$42
37 years$874$573$365$227$138$36
38 years$842$545$341$209$125$32
39 years$811$518$320$193$114$27
40 years$782$493$300$178$103$24
41 years$754$469$281$164$93$21
42 years$728$447$264$151$85$18
43 years$703$426$247$140$77$15
44 years$680$406$232$129$70$13
45 years$657$387$218$119$63$12
46 years$635$369$205$110$58$10
47 years$615$352$192$102$52$9
48 years$595$336$181$94$48$8
49 years$576$321$170$87$43$7
50 years$558$307$160$80$39$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $572,000, adding $6,521 every year, while hoping to spend $23,049 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: 56/39/5 Blend
63$572,000$572,000$572,000$572,000
64$637,070$606,754$597,888$671,750
65$677,528$611,961$593,394$701,050
66$721,339$616,651$587,976$729,785
67$768,822$620,774$581,580$760,506
68$820,327$624,276$574,148$793,404
69$876,237$627,103$565,618$828,689
70$936,976$629,193$555,929$866,594
71$1,003,008$630,484$545,013$907,378
72$1,074,844$630,908$532,801$951,325
73$1,153,048$630,392$519,219$998,748
74$1,238,239$628,861$504,193$1,049,995
75$1,331,098$626,234$487,643$1,105,450
76$1,432,376$622,425$469,484$1,165,536
77$1,542,897$617,342$449,630$1,230,720
78$1,663,570$610,890$427,991$1,301,519
79$1,795,396$602,966$404,470$1,378,504
80$1,939,476$593,460$378,969$1,462,305
81$2,097,021$582,259$351,384$1,553,618
82$2,269,368$569,240$321,606$1,653,210
83$2,457,985$554,274$289,521$1,761,931
84$2,664,491$537,225$255,011$1,880,717
85$2,890,668$517,948$217,953$2,010,602
86$3,138,479$496,290$178,217$2,152,729
87$3,410,084$472,089$135,668$2,308,358
88$3,707,865$445,174$90,166$2,478,881
89$4,034,443$415,363$41,562$2,665,834
90$4,392,706$382,466$0$2,870,914
91$4,785,835$346,279$0$3,096,541
92$5,217,332$306,589$0$3,346,635
93$5,691,057$263,169$0$3,621,264
94$6,211,262$215,781$0$3,922,953
95$6,782,628$164,172$0$4,254,491
96$7,410,315$108,075$0$4,618,951
97$8,100,006$47,209$0$5,019,725
98$8,857,961$0$0$5,460,555
99$9,691,077$0$0$5,953,604
100$10,606,954$0$0$6,517,961