Can I retire at age 64 with 329,000?

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 $329,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.5%
1 years$27,169$26,927$26,690$26,460$26,235$25,854
2 years$13,450$13,199$12,957$12,721$12,493$12,109
3 years$8,877$8,626$8,384$8,151$7,926$7,552
4 years$6,592$6,341$6,101$5,872$5,653$5,292
5 years$5,221$4,971$4,735$4,510$4,297$3,950
6 years$4,307$4,059$3,826$3,607$3,400$3,067
7 years$3,654$3,409$3,180$2,965$2,765$2,447
8 years$3,165$2,922$2,697$2,488$2,294$1,990
9 years$2,785$2,544$2,323$2,119$1,932$1,642
10 years$2,481$2,243$2,025$1,827$1,646$1,370
11 years$2,233$1,997$1,783$1,590$1,416$1,153
12 years$2,026$1,792$1,582$1,394$1,227$978
13 years$1,851$1,619$1,414$1,231$1,070$834
14 years$1,701$1,472$1,270$1,093$938$714
15 years$1,571$1,345$1,147$975$826$614
16 years$1,458$1,234$1,040$873$730$530
17 years$1,358$1,136$946$784$647$459
18 years$1,269$1,050$864$707$575$398
19 years$1,189$973$791$638$513$346
20 years$1,118$904$726$578$458$301
21 years$1,054$842$667$525$410$263
22 years$995$786$615$477$367$229
23 years$942$735$568$435$330$201
24 years$893$689$525$396$296$175
25 years$848$647$486$362$267$154
26 years$807$608$451$331$240$135
27 years$769$572$419$303$217$118
28 years$733$539$389$278$195$104
29 years$700$508$362$255$177$91
30 years$670$480$338$234$159$80
31 years$641$454$315$215$144$70
32 years$614$429$294$197$130$62
33 years$589$407$274$181$118$54
34 years$566$385$256$167$107$48
35 years$543$366$240$154$97$42
36 years$523$347$224$141$88$37
37 years$503$330$210$130$79$33
38 years$484$313$196$120$72$29
39 years$467$298$184$111$65$25
40 years$450$283$172$102$59$22
41 years$434$270$162$94$54$20
42 years$419$257$152$87$49$17
43 years$405$245$142$80$44$15
44 years$391$233$134$74$40$13
45 years$378$222$125$68$36$12
46 years$366$212$118$63$33$10
47 years$354$203$111$58$30$9
48 years$342$193$104$54$27$8
49 years$332$185$98$50$25$7
50 years$321$176$92$46$23$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $329,000, adding $3,535 every year, while hoping to spend $26,151 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: 45/50/5 Blend
63$329,000$329,000$329,000$329,000
64$366,204$348,767$343,668$382,025
65$375,733$338,032$327,356$382,545
66$385,357$325,895$309,622$380,099
67$395,058$312,259$290,389$376,829
68$404,816$297,022$269,580$372,668
69$414,608$280,077$247,111$367,544
70$424,406$261,309$222,897$361,380
71$434,180$240,598$196,849$354,091
72$443,896$217,816$168,873$345,591
73$453,513$192,829$138,870$335,782
74$462,989$165,494$106,739$324,565
75$472,271$135,662$72,373$311,829
76$481,306$103,172$35,660$297,457
77$490,029$67,858$0$281,325
78$498,371$29,541$0$263,486
79$506,251$0$0$245,651
80$513,583$0$0$232,351
81$520,266$0$0$234,962
82$526,192$0$0$237,175
83$531,237$0$0$238,928
84$535,265$0$0$240,153
85$538,124$0$0$240,774
86$539,644$0$0$240,707
87$539,639$0$0$239,857
88$537,899$0$0$238,120
89$534,193$0$0$235,380
90$528,264$0$0$231,510
91$519,827$0$0$226,367
92$508,566$0$0$219,793
93$494,132$0$0$211,614
94$476,137$0$0$201,638
95$454,152$0$0$189,649
96$427,702$0$0$175,412
97$396,262$0$0$158,666
98$359,250$0$0$139,120
99$316,025$0$0$116,454
100$265,874$0$0$90,316