Can I retire at age 64 with 576,000?

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 $576,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.8%
1 years$47,566$47,142$46,728$46,325$45,931$44,658
2 years$23,547$23,109$22,684$22,272$21,872$20,599
3 years$15,542$15,102$14,678$14,270$13,876$12,643
4 years$11,541$11,101$10,682$10,280$9,897$8,713
5 years$9,140$8,704$8,289$7,896$7,523$6,392
6 years$7,540$7,107$6,699$6,315$5,953$4,875
7 years$6,398$5,969$5,567$5,192$4,841$3,817
8 years$5,542$5,116$4,721$4,355$4,016$3,045
9 years$4,876$4,455$4,066$3,710$3,382$2,463
10 years$4,344$3,926$3,545$3,198$2,882$2,014
11 years$3,909$3,496$3,121$2,783$2,479$1,660
12 years$3,546$3,137$2,770$2,441$2,148$1,378
13 years$3,240$2,835$2,475$2,155$1,873$1,149
14 years$2,978$2,577$2,224$1,913$1,642$963
15 years$2,750$2,354$2,008$1,706$1,446$809
16 years$2,552$2,160$1,820$1,528$1,278$682
17 years$2,377$1,989$1,656$1,373$1,133$577
18 years$2,221$1,838$1,512$1,237$1,007$488
19 years$2,083$1,704$1,384$1,118$898$414
20 years$1,958$1,583$1,270$1,012$802$352
21 years$1,845$1,475$1,168$919$718$299
22 years$1,742$1,376$1,077$835$643$255
23 years$1,649$1,287$994$761$577$217
24 years$1,564$1,206$920$694$519$185
25 years$1,485$1,132$852$634$467$158
26 years$1,413$1,064$790$579$421$135
27 years$1,346$1,001$734$530$379$115
28 years$1,284$943$682$486$342$98
29 years$1,226$890$635$446$309$84
30 years$1,172$841$591$409$279$72
31 years$1,122$795$551$376$252$61
32 years$1,075$752$514$345$228$52
33 years$1,032$712$480$317$207$45
34 years$990$675$449$292$187$38
35 years$951$640$419$269$169$33
36 years$915$608$392$248$154$28
37 years$880$577$367$228$139$24
38 years$848$548$344$210$126$21
39 years$817$521$322$194$114$18
40 years$787$496$302$179$104$15
41 years$760$472$283$165$94$13
42 years$733$450$266$152$85$11
43 years$708$429$249$141$78$9
44 years$684$408$234$130$70$8
45 years$662$390$220$120$64$7
46 years$640$372$206$111$58$6
47 years$619$355$194$102$53$5
48 years$599$339$182$95$48$4
49 years$580$323$171$87$43$4
50 years$562$309$161$81$39$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $576,000, adding $3,042 every year, while hoping to spend $31,658 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: 66/19/15 Blend
63$576,000$576,000$576,000$576,000
64$637,890$607,362$598,434$677,519
65$669,271$603,439$584,797$700,454
66$702,791$598,262$569,643$721,540
67$738,637$591,738$552,887$743,802
68$777,009$583,765$534,440$767,355
69$818,132$574,236$514,211$792,324
70$862,247$563,040$492,103$818,849
71$909,623$550,056$468,016$847,086
72$960,554$535,157$441,843$877,206
73$1,015,361$518,211$413,476$909,401
74$1,074,398$499,074$382,798$943,881
75$1,138,055$477,597$349,690$980,881
76$1,206,758$453,620$314,026$1,020,661
77$1,280,976$426,976$275,674$1,063,507
78$1,361,225$397,488$234,499$1,109,739
79$1,448,071$364,966$190,356$1,159,709
80$1,542,138$329,213$143,096$1,213,807
81$1,644,110$290,018$92,564$1,272,465
82$1,754,741$247,160$38,596$1,336,163
83$1,874,858$200,404$0$1,405,429
84$2,005,372$149,504$0$1,483,890
85$2,147,287$94,196$0$1,575,943
86$2,301,704$34,205$0$1,676,152
87$2,469,836$0$0$1,785,341
88$2,653,019$0$0$1,910,849
89$2,852,720$0$0$2,055,506
90$3,070,558$0$0$2,213,335
91$3,308,312$0$0$2,385,629
92$3,567,939$0$0$2,573,814
93$3,851,598$0$0$2,779,456
94$4,161,661$0$0$3,004,281
95$4,500,742$0$0$3,250,191
96$4,871,720$0$0$3,519,277
97$5,277,762$0$0$3,813,842
98$5,722,357$0$0$4,136,425
99$6,209,349$0$0$4,489,819
100$6,742,968$0$0$4,877,100