Can I retire at age 64 with 283,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $283,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.5%
1 years$23,370$23,162$22,959$22,760$22,567$21,879
2 years$11,569$11,354$11,145$10,942$10,746$10,060
3 years$7,636$7,420$7,212$7,011$6,818$6,153
4 years$5,670$5,454$5,248$5,051$4,862$4,226
5 years$4,491$4,276$4,073$3,880$3,696$3,089
6 years$3,705$3,492$3,291$3,103$2,925$2,347
7 years$3,144$2,932$2,735$2,551$2,379$1,830
8 years$2,723$2,514$2,320$2,140$1,973$1,454
9 years$2,396$2,189$1,998$1,823$1,662$1,171
10 years$2,134$1,929$1,742$1,571$1,416$953
11 years$1,920$1,717$1,533$1,367$1,218$782
12 years$1,742$1,541$1,361$1,199$1,055$646
13 years$1,592$1,393$1,216$1,059$920$536
14 years$1,463$1,266$1,092$940$807$447
15 years$1,351$1,157$986$838$710$374
16 years$1,254$1,061$894$751$628$314
17 years$1,168$977$814$674$557$264
18 years$1,091$903$743$608$495$222
19 years$1,023$837$680$549$441$188
20 years$962$778$624$497$394$158
21 years$906$725$574$451$353$134
22 years$856$676$529$410$316$113
23 years$810$633$489$374$284$96
24 years$768$593$452$341$255$82
25 years$730$556$418$311$229$69
26 years$694$523$388$285$207$59
27 years$661$492$360$261$186$50
28 years$631$464$335$239$168$42
29 years$602$437$312$219$152$36
30 years$576$413$290$201$137$31
31 years$551$390$271$185$124$26
32 years$528$369$253$170$112$22
33 years$507$350$236$156$102$19
34 years$487$332$220$143$92$16
35 years$467$314$206$132$83$14
36 years$449$298$193$122$75$12
37 years$433$283$180$112$68$10
38 years$416$269$169$103$62$8
39 years$401$256$158$95$56$7
40 years$387$244$148$88$51$6
41 years$373$232$139$81$46$5
42 years$360$221$130$75$42$4
43 years$348$211$122$69$38$4
44 years$336$201$115$64$35$3
45 years$325$191$108$59$31$3
46 years$314$183$101$54$29$2
47 years$304$174$95$50$26$2
48 years$295$166$89$46$24$2
49 years$285$159$84$43$21$1
50 years$276$152$79$40$19$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $283,000, adding $5,485 every year, while hoping to spend $20,666 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: 60/19/21 Blend
63$283,000$283,000$283,000$283,000
64$317,524$302,525$298,138$334,511
65$327,923$295,360$286,137$339,498
66$338,690$287,152$273,042$342,192
67$349,841$277,826$258,793$344,670
68$361,392$267,307$243,330$346,912
69$373,361$255,513$226,589$348,901
70$385,767$242,356$208,503$350,617
71$398,630$227,746$189,002$352,040
72$411,970$211,586$168,014$353,149
73$425,810$193,773$145,462$353,922
74$440,175$174,199$121,267$354,337
75$455,089$152,751$95,345$354,368
76$470,580$129,308$67,611$353,992
77$486,676$103,741$37,974$353,182
78$503,410$75,917$6,338$351,913
79$520,813$45,693$0$350,156
80$538,923$12,919$0$354,027
81$557,777$0$0$359,267
82$577,416$0$0$369,166
83$597,885$0$0$382,303
84$619,232$0$0$396,007
85$641,507$0$0$410,312
86$664,766$0$0$425,255
87$689,069$0$0$440,874
88$714,481$0$0$457,212
89$741,072$0$0$474,315
90$768,916$0$0$492,231
91$798,097$0$0$511,016
92$828,703$0$0$530,727
93$860,830$0$0$551,428
94$894,584$0$0$573,187
95$930,078$0$0$596,078
96$967,436$0$0$620,185
97$1,006,794$0$0$645,594
98$1,048,297$0$0$672,403
99$1,092,106$0$0$700,716
100$1,138,395$0$0$730,649