Can I retire at age 65 with 564,000?

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 $564,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16%
1 years$46,575$46,160$45,755$45,360$44,974$43,869
2 years$23,057$22,627$22,211$21,808$21,416$20,310
3 years$15,218$14,787$14,372$13,972$13,587$12,514
4 years$11,300$10,870$10,459$10,066$9,691$8,659
5 years$8,950$8,522$8,117$7,732$7,367$6,379
6 years$7,383$6,959$6,560$6,183$5,829$4,887
7 years$6,265$5,844$5,451$5,084$4,741$3,843
8 years$5,426$5,010$4,623$4,265$3,933$3,081
9 years$4,775$4,362$3,982$3,632$3,312$2,504
10 years$4,253$3,845$3,471$3,131$2,822$2,058
11 years$3,827$3,423$3,056$2,725$2,427$1,705
12 years$3,473$3,072$2,712$2,390$2,103$1,422
13 years$3,173$2,776$2,423$2,110$1,834$1,193
14 years$2,916$2,524$2,177$1,873$1,608$1,005
15 years$2,693$2,305$1,966$1,671$1,416$849
16 years$2,499$2,115$1,782$1,496$1,251$720
17 years$2,327$1,948$1,622$1,344$1,109$612
18 years$2,175$1,800$1,480$1,211$986$521
19 years$2,039$1,668$1,355$1,094$879$445
20 years$1,917$1,550$1,244$991$785$380
21 years$1,806$1,444$1,144$900$703$325
22 years$1,706$1,348$1,054$818$630$279
23 years$1,615$1,261$974$745$565$239
24 years$1,531$1,181$900$679$508$205
25 years$1,454$1,108$834$620$457$176
26 years$1,383$1,042$773$567$412$151
27 years$1,318$980$718$519$371$130
28 years$1,257$924$668$476$335$112
29 years$1,201$871$621$436$303$96
30 years$1,148$823$579$400$273$83
31 years$1,099$778$540$368$247$71
32 years$1,053$736$503$338$224$61
33 years$1,010$697$470$311$202$53
34 years$970$661$439$286$183$45
35 years$932$627$411$263$166$39
36 years$896$595$384$242$150$34
37 years$862$565$360$223$136$29
38 years$830$537$337$206$124$25
39 years$800$511$315$190$112$22
40 years$771$486$296$175$102$19
41 years$744$462$277$162$92$16
42 years$718$440$260$149$84$14
43 years$693$420$244$138$76$12
44 years$670$400$229$127$69$10
45 years$648$381$215$117$63$9
46 years$627$364$202$108$57$8
47 years$606$347$190$100$52$7
48 years$587$331$178$93$47$6
49 years$568$317$168$86$43$5
50 years$551$302$158$79$39$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $564,000, adding $4,235 every year, while hoping to spend $31,698 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: 57/29/14 Blend
64$564,000$564,000$564,000$564,000
65$625,896$596,004$587,262$659,096
66$656,011$591,482$573,209$677,538
67$688,136$585,676$557,623$693,777
68$722,441$578,489$540,419$710,734
69$759,115$569,820$521,508$728,484
70$798,364$559,561$500,797$747,110
71$840,413$547,595$478,190$766,705
72$885,511$533,803$453,585$787,372
73$933,929$518,056$426,876$809,229
74$985,966$500,217$397,953$832,405
75$1,041,949$480,142$366,699$857,046
76$1,102,238$457,679$332,993$883,314
77$1,167,227$432,666$296,710$911,389
78$1,237,352$404,934$257,717$941,474
79$1,313,087$374,302$215,876$973,793
80$1,394,958$340,578$171,044$1,008,595
81$1,483,539$303,562$123,069$1,046,161
82$1,579,464$263,041$71,796$1,086,800
83$1,683,429$218,789$17,060$1,130,857
84$1,796,198$170,569$0$1,178,716
85$1,918,612$118,129$0$1,236,980
86$2,051,598$61,205$0$1,303,068
87$2,196,173$0$0$1,374,981
88$2,353,457$0$0$1,453,488
89$2,524,682$0$0$1,560,260
90$2,711,204$0$0$1,676,615
91$2,914,515$0$0$1,803,491
92$3,136,257$0$0$1,941,918
93$3,378,236$0$0$2,093,031
94$3,642,444$0$0$2,258,077
95$3,931,069$0$0$2,438,433
96$4,246,522$0$0$2,635,610
97$4,591,457$0$0$2,851,276
98$4,968,797$0$0$3,087,265
99$5,381,760$0$0$3,345,598
100$5,833,889$0$0$3,628,499