Can I retire at age 64 with 577,000?

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 $577,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.6%
1 years$47,648$47,224$46,810$46,405$46,011$44,414
2 years$23,588$23,149$22,723$22,310$21,910$20,317
3 years$15,569$15,128$14,703$14,294$13,901$12,363
4 years$11,561$11,121$10,700$10,298$9,914$8,442
5 years$9,156$8,719$8,304$7,910$7,536$6,135
6 years$7,553$7,120$6,711$6,326$5,963$4,633
7 years$6,409$5,979$5,577$5,201$4,850$3,591
8 years$5,551$5,125$4,729$4,363$4,023$2,834
9 years$4,885$4,462$4,073$3,716$3,388$2,268
10 years$4,352$3,933$3,551$3,203$2,887$1,833
11 years$3,916$3,502$3,127$2,788$2,483$1,494
12 years$3,553$3,143$2,775$2,445$2,152$1,225
13 years$3,246$2,840$2,479$2,159$1,876$1,009
14 years$2,983$2,582$2,227$1,916$1,645$835
15 years$2,755$2,358$2,011$1,709$1,448$693
16 years$2,556$2,164$1,823$1,530$1,280$577
17 years$2,381$1,993$1,659$1,375$1,135$481
18 years$2,225$1,841$1,515$1,239$1,009$402
19 years$2,086$1,707$1,387$1,120$899$336
20 years$1,961$1,586$1,272$1,014$803$282
21 years$1,848$1,477$1,170$920$719$236
22 years$1,745$1,379$1,079$837$644$198
23 years$1,652$1,290$996$762$578$167
24 years$1,566$1,208$921$695$520$140
25 years$1,488$1,134$853$635$468$118
26 years$1,415$1,066$791$580$421$99
27 years$1,348$1,003$735$531$380$83
28 years$1,286$945$683$487$343$70
29 years$1,228$892$636$446$310$59
30 years$1,175$842$592$410$280$50
31 years$1,124$796$552$376$253$42
32 years$1,077$753$515$346$229$35
33 years$1,033$713$481$318$207$30
34 years$992$676$449$293$187$25
35 years$953$641$420$269$170$21
36 years$916$609$393$248$154$18
37 years$882$578$368$229$139$15
38 years$849$549$344$211$126$13
39 years$818$522$323$194$115$11
40 years$789$497$302$179$104$9
41 years$761$473$284$165$94$8
42 years$735$451$266$153$86$6
43 years$709$429$250$141$78$5
44 years$686$409$234$130$70$5
45 years$663$390$220$120$64$4
46 years$641$372$207$111$58$3
47 years$620$355$194$102$53$3
48 years$600$339$182$95$48$2
49 years$581$324$171$88$44$2
50 years$563$309$161$81$40$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $577,000, adding $6,232 every year, while hoping to spend $34,316 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: 52/24/24 Blend
63$577,000$577,000$577,000$577,000
64$642,282$611,701$602,758$671,095
65$671,283$605,163$586,438$685,148
66$702,092$597,154$568,422$696,401
67$734,857$587,566$548,616$707,936
68$769,740$576,284$526,922$719,794
69$806,919$563,188$503,239$732,019
70$846,588$548,147$477,461$744,666
71$888,961$531,027$449,477$757,793
72$934,270$511,683$419,170$771,471
73$982,772$489,961$386,418$785,776
74$1,034,747$465,701$351,095$800,798
75$1,090,502$438,732$313,068$816,637
76$1,150,377$408,874$272,199$833,407
77$1,214,741$375,934$228,344$851,237
78$1,284,002$339,712$181,350$870,272
79$1,358,605$299,993$131,061$890,676
80$1,439,043$256,553$77,312$912,631
81$1,525,855$209,153$19,931$936,344
82$1,619,631$157,541$0$962,047
83$1,721,025$101,452$0$1,000,578
84$1,830,751$40,604$0$1,047,784
85$1,949,595$0$0$1,098,932
86$2,078,423$0$0$1,161,119
87$2,218,185$0$0$1,240,267
88$2,369,928$0$0$1,326,250
89$2,534,801$0$0$1,419,727
90$2,714,071$0$0$1,521,421
91$2,909,128$0$0$1,632,131
92$3,121,505$0$0$1,752,732
93$3,352,888$0$0$1,884,189
94$3,605,131$0$0$2,027,564
95$3,880,275$0$0$2,184,025
96$4,180,568$0$0$2,354,860
97$4,508,483$0$0$2,541,484
98$4,866,742$0$0$2,745,456
99$5,258,343$0$0$2,968,493
100$5,686,586$0$0$3,212,483