Can I retire at age 64 with 290,000?

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 $290,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.7%
1 years$23,948$23,735$23,526$23,323$23,125$22,770
2 years$11,855$11,635$11,421$11,213$11,012$10,655
3 years$7,825$7,603$7,390$7,184$6,986$6,639
4 years$5,810$5,589$5,378$5,176$4,983$4,647
5 years$4,602$4,382$4,174$3,976$3,788$3,465
6 years$3,796$3,578$3,373$3,179$2,997$2,688
7 years$3,221$3,005$2,803$2,614$2,438$2,142
8 years$2,790$2,576$2,377$2,193$2,022$1,740
9 years$2,455$2,243$2,047$1,868$1,703$1,434
10 years$2,187$1,977$1,785$1,610$1,451$1,195
11 years$1,968$1,760$1,571$1,401$1,248$1,005
12 years$1,786$1,580$1,395$1,229$1,081$850
13 years$1,631$1,427$1,246$1,085$943$724
14 years$1,499$1,298$1,120$963$827$620
15 years$1,385$1,185$1,011$859$728$532
16 years$1,285$1,088$916$769$643$459
17 years$1,197$1,002$834$691$570$396
18 years$1,118$925$761$623$507$343
19 years$1,048$858$697$563$452$298
20 years$986$797$640$510$404$259
21 years$929$742$588$463$361$226
22 years$877$693$542$421$324$197
23 years$830$648$501$383$291$172
24 years$787$607$463$349$261$150
25 years$748$570$429$319$235$131
26 years$711$536$398$292$212$115
27 years$678$504$369$267$191$101
28 years$646$475$343$245$172$88
29 years$617$448$319$224$156$77
30 years$590$423$298$206$141$68
31 years$565$400$277$189$127$59
32 years$541$379$259$174$115$52
33 years$519$358$242$160$104$46
34 years$499$340$226$147$94$40
35 years$479$322$211$135$85$35
36 years$461$306$198$125$77$31
37 years$443$291$185$115$70$27
38 years$427$276$173$106$64$24
39 years$411$263$162$98$58$21
40 years$396$250$152$90$52$18
41 years$382$238$143$83$47$16
42 years$369$226$134$77$43$14
43 years$357$216$125$71$39$13
44 years$345$206$118$65$35$11
45 years$333$196$111$60$32$10
46 years$322$187$104$56$29$9
47 years$312$179$98$51$27$7
48 years$302$170$92$48$24$7
49 years$292$163$86$44$22$6
50 years$283$155$81$41$20$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $290,000, adding $2,961 every year, while hoping to spend $20,908 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: 49/39/12 Blend
63$290,000$290,000$290,000$290,000
64$322,634$307,264$302,769$337,247
65$333,297$300,074$290,666$340,412
66$344,347$291,831$277,457$341,419
67$355,800$282,461$263,082$342,041
68$367,677$271,887$247,480$342,247
69$379,996$260,025$230,587$342,008
70$392,778$246,789$212,334$341,289
71$406,046$232,086$192,651$340,057
72$419,822$215,818$171,465$338,275
73$434,134$197,883$148,699$335,905
74$449,007$178,170$124,271$332,908
75$464,471$156,566$98,100$329,242
76$480,556$132,947$70,095$324,861
77$497,297$107,185$40,167$319,722
78$514,728$79,145$8,220$313,775
79$532,889$48,681$0$306,970
80$551,820$15,643$0$302,568
81$571,566$0$0$298,539
82$592,176$0$0$302,425
83$613,701$0$0$313,502
84$636,196$0$0$325,085
85$659,723$0$0$337,208
86$684,346$0$0$349,905
87$710,137$0$0$363,213
88$737,173$0$0$377,174
89$765,535$0$0$391,832
90$795,316$0$0$407,234
91$826,613$0$0$423,434
92$859,533$0$0$440,488
93$894,191$0$0$458,458
94$930,715$0$0$477,412
95$969,241$0$0$497,423
96$1,009,921$0$0$518,572
97$1,052,917$0$0$540,945
98$1,098,408$0$0$564,640
99$1,146,589$0$0$589,760
100$1,197,673$0$0$616,419