Can I retire at age 64 with 584,000?

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 $584,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.9%
1 years$48,226$47,797$47,377$46,968$46,569$45,443
2 years$23,874$23,430$22,999$22,581$22,176$21,048
3 years$15,758$15,312$14,882$14,468$14,069$12,975
4 years$11,701$11,256$10,830$10,423$10,034$8,982
5 years$9,267$8,825$8,405$8,006$7,628$6,621
6 years$7,645$7,206$6,792$6,403$6,036$5,075
7 years$6,487$6,052$5,644$5,264$4,909$3,994
8 years$5,619$5,187$4,787$4,416$4,072$3,203
9 years$4,944$4,516$4,123$3,761$3,429$2,605
10 years$4,404$3,981$3,594$3,242$2,922$2,142
11 years$3,963$3,544$3,164$2,822$2,513$1,776
12 years$3,596$3,181$2,808$2,475$2,178$1,482
13 years$3,285$2,875$2,509$2,185$1,899$1,244
14 years$3,019$2,613$2,254$1,940$1,665$1,048
15 years$2,789$2,387$2,035$1,730$1,466$887
16 years$2,587$2,190$1,845$1,549$1,295$753
17 years$2,410$2,017$1,679$1,392$1,149$640
18 years$2,252$1,864$1,533$1,254$1,021$546
19 years$2,111$1,727$1,403$1,133$910$466
20 years$1,985$1,605$1,288$1,026$813$399
21 years$1,870$1,495$1,185$931$728$341
22 years$1,767$1,396$1,092$847$652$293
23 years$1,672$1,305$1,008$771$585$251
24 years$1,585$1,223$932$703$526$216
25 years$1,506$1,148$864$642$474$185
26 years$1,432$1,079$801$587$427$159
27 years$1,364$1,015$744$538$385$137
28 years$1,302$957$691$493$347$118
29 years$1,243$902$643$452$313$102
30 years$1,189$852$599$415$283$87
31 years$1,138$806$559$381$256$75
32 years$1,090$762$521$350$232$65
33 years$1,046$722$487$322$210$56
34 years$1,004$684$455$296$190$48
35 years$965$649$425$273$172$42
36 years$928$616$398$251$156$36
37 years$893$585$372$231$141$31
38 years$859$556$349$213$128$27
39 years$828$529$327$197$116$23
40 years$798$503$306$181$105$20
41 years$770$479$287$167$95$17
42 years$744$456$269$154$87$15
43 years$718$434$253$143$79$13
44 years$694$414$237$132$71$11
45 years$671$395$223$122$65$9
46 years$649$377$209$112$59$8
47 years$628$360$197$104$53$7
48 years$608$343$185$96$49$6
49 years$589$328$174$89$44$5
50 years$570$313$163$82$40$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $584,000, adding $3,217 every year, while hoping to spend $22,175 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: 71/11/18 Blend
63$584,000$584,000$584,000$584,000
64$646,886$615,934$606,882$689,830
65$689,275$622,521$603,619$725,404
66$735,243$628,687$599,503$761,379
67$785,134$634,389$594,482$800,203
68$839,324$639,580$588,503$842,155
69$898,224$644,209$581,507$887,541
70$962,291$648,223$573,436$936,701
71$1,032,026$651,567$564,227$990,008
72$1,107,977$654,179$553,814$1,047,873
73$1,190,753$655,995$542,128$1,110,751
74$1,281,019$656,948$529,099$1,179,143
75$1,379,510$656,965$514,650$1,253,601
76$1,487,033$655,970$498,704$1,334,733
77$1,604,478$653,881$481,179$1,423,211
78$1,732,825$650,610$461,988$1,519,775
79$1,873,150$646,068$441,042$1,625,241
80$2,026,642$640,155$418,247$1,740,509
81$2,194,606$632,769$393,505$1,866,571
82$2,378,481$623,801$366,713$2,004,523
83$2,579,853$613,134$337,765$2,155,570
84$2,800,466$600,645$306,548$2,321,042
85$3,042,242$586,205$272,945$2,502,407
86$3,307,296$569,675$236,835$2,701,282
87$3,597,961$550,910$198,089$2,919,450
88$3,916,803$529,754$156,576$3,158,878
89$4,266,651$506,046$112,154$3,421,734
90$4,650,618$479,611$64,681$3,710,407
91$5,072,136$450,267$14,003$4,027,533
92$5,534,985$417,821$0$4,376,017
93$6,043,327$382,068$0$4,766,761
94$6,601,749$342,791$0$5,198,968
95$7,215,303$299,764$0$5,673,873
96$7,889,555$252,743$0$6,195,803
97$8,630,636$201,475$0$6,769,526
98$9,445,303$145,689$0$7,400,296
99$10,340,998$85,102$0$8,093,903
100$11,325,921$19,412$0$8,856,728