Can I retire at age 64 with 257,000?

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 $257,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17%
1 years$21,223$21,034$20,849$20,669$20,494$19,909
2 years$10,506$10,311$10,121$9,937$9,759$9,175
3 years$6,935$6,738$6,549$6,367$6,191$5,626
4 years$5,149$4,953$4,766$4,587$4,416$3,873
5 years$4,078$3,883$3,699$3,523$3,357$2,838
6 years$3,364$3,171$2,989$2,818$2,656$2,162
7 years$2,855$2,663$2,484$2,316$2,160$1,691
8 years$2,473$2,283$2,107$1,943$1,792$1,348
9 years$2,176$1,988$1,814$1,655$1,509$1,089
10 years$1,938$1,752$1,582$1,427$1,286$889
11 years$1,744$1,560$1,393$1,242$1,106$732
12 years$1,582$1,400$1,236$1,089$958$607
13 years$1,446$1,265$1,104$962$836$505
14 years$1,329$1,150$992$854$733$423
15 years$1,227$1,050$896$761$645$355
16 years$1,139$964$812$682$570$299
17 years$1,061$888$739$612$505$252
18 years$991$820$675$552$449$213
19 years$929$760$618$499$401$181
20 years$873$706$567$452$358$153
21 years$823$658$521$410$320$130
22 years$777$614$480$373$287$111
23 years$736$574$444$339$258$94
24 years$698$538$410$310$232$80
25 years$663$505$380$283$208$68
26 years$630$475$352$259$188$58
27 years$600$447$327$237$169$50
28 years$573$421$304$217$153$42
29 years$547$397$283$199$138$36
30 years$523$375$264$182$125$31
31 years$501$355$246$168$113$26
32 years$480$335$229$154$102$22
33 years$460$318$214$142$92$19
34 years$442$301$200$130$83$16
35 years$425$286$187$120$76$14
36 years$408$271$175$110$69$12
37 years$393$257$164$102$62$10
38 years$378$245$153$94$56$9
39 years$364$233$144$87$51$7
40 years$351$221$135$80$46$6
41 years$339$211$126$74$42$5
42 years$327$201$118$68$38$5
43 years$316$191$111$63$35$4
44 years$305$182$104$58$31$3
45 years$295$174$98$53$29$3
46 years$286$166$92$49$26$2
47 years$276$158$86$46$24$2
48 years$267$151$81$42$21$2
49 years$259$144$76$39$19$2
50 years$251$138$72$36$18$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $257,000, adding $3,520 every year, while hoping to spend $20,867 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: 40/38/22 Blend
63$257,000$257,000$257,000$257,000
64$286,845$273,224$269,240$296,328
65$293,901$264,410$256,058$294,653
66$300,977$254,464$241,734$290,598
67$308,053$243,310$226,209$285,789
68$315,108$230,864$209,420$280,170
69$322,114$217,042$191,300$273,680
70$329,043$201,751$171,782$266,254
71$335,862$184,893$150,794$257,822
72$342,534$166,367$128,260$248,311
73$349,018$146,065$104,102$237,642
74$355,267$123,871$78,238$225,729
75$361,229$99,665$50,584$212,482
76$366,845$73,320$21,049$197,804
77$372,051$44,699$0$181,592
78$376,772$13,662$0$166,191
79$380,929$0$0$154,460
80$384,430$0$0$149,687
81$387,174$0$0$150,274
82$389,049$0$0$150,458
83$389,931$0$0$150,184
84$389,681$0$0$149,390
85$388,144$0$0$148,008
86$385,150$0$0$145,961
87$380,510$0$0$143,165
88$374,012$0$0$139,527
89$365,424$0$0$134,944
90$354,488$0$0$129,300
91$340,918$0$0$122,469
92$324,398$0$0$114,311
93$304,577$0$0$104,670
94$281,067$0$0$93,375
95$253,440$0$0$80,236
96$221,222$0$0$65,042
97$183,888$0$0$47,563
98$140,860$0$0$27,541
99$91,496$0$0$4,693
100$35,090$0$0$0