Can I retire at age 64 with 329,000?

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 $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%11.5%
1 years$27,169$26,927$26,690$26,460$26,235$26,070
2 years$13,450$13,199$12,957$12,721$12,493$12,326
3 years$8,877$8,626$8,384$8,151$7,926$7,763
4 years$6,592$6,341$6,101$5,872$5,653$5,495
5 years$5,221$4,971$4,735$4,510$4,297$4,145
6 years$4,307$4,059$3,826$3,607$3,400$3,253
7 years$3,654$3,409$3,180$2,965$2,765$2,624
8 years$3,165$2,922$2,697$2,488$2,294$2,159
9 years$2,785$2,544$2,323$2,119$1,932$1,802
10 years$2,481$2,243$2,025$1,827$1,646$1,522
11 years$2,233$1,997$1,783$1,590$1,416$1,297
12 years$2,026$1,792$1,582$1,394$1,227$1,114
13 years$1,851$1,619$1,414$1,231$1,070$962
14 years$1,701$1,472$1,270$1,093$938$835
15 years$1,571$1,345$1,147$975$826$728
16 years$1,458$1,234$1,040$873$730$637
17 years$1,358$1,136$946$784$647$559
18 years$1,269$1,050$864$707$575$492
19 years$1,189$973$791$638$513$434
20 years$1,118$904$726$578$458$383
21 years$1,054$842$667$525$410$339
22 years$995$786$615$477$367$301
23 years$942$735$568$435$330$267
24 years$893$689$525$396$296$237
25 years$848$647$486$362$267$211
26 years$807$608$451$331$240$188
27 years$769$572$419$303$217$168
28 years$733$539$389$278$195$149
29 years$700$508$362$255$177$133
30 years$670$480$338$234$159$119
31 years$641$454$315$215$144$106
32 years$614$429$294$197$130$95
33 years$589$407$274$181$118$85
34 years$566$385$256$167$107$76
35 years$543$366$240$154$97$68
36 years$523$347$224$141$88$61
37 years$503$330$210$130$79$54
38 years$484$313$196$120$72$49
39 years$467$298$184$111$65$44
40 years$450$283$172$102$59$39
41 years$434$270$162$94$54$35
42 years$419$257$152$87$49$31
43 years$405$245$142$80$44$28
44 years$391$233$134$74$40$25
45 years$378$222$125$68$36$23
46 years$366$212$118$63$33$20
47 years$354$203$111$58$30$18
48 years$342$193$104$54$27$16
49 years$332$185$98$50$25$15
50 years$321$176$92$46$23$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $329,000, adding $4,280 every year, while hoping to spend $22,232 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: 55/31/14 Blend
63$329,000$329,000$329,000$329,000
64$366,973$349,536$344,436$385,589
65$380,749$343,008$332,320$392,196
66$395,186$335,416$319,053$396,614
67$410,327$326,683$304,573$400,914
68$426,219$316,729$288,815$405,090
69$442,914$305,470$271,711$409,135
70$460,469$292,816$253,191$413,044
71$478,944$278,671$233,181$416,813
72$498,406$262,936$211,602$420,438
73$518,928$245,504$188,375$423,917
74$540,587$226,262$163,414$427,249
75$563,471$205,093$136,633$430,434
76$587,673$181,871$107,938$433,477
77$613,296$156,463$77,234$436,381
78$640,451$128,728$44,420$439,155
79$669,261$98,519$9,392$441,810
80$699,859$65,680$0$444,360
81$732,392$30,046$0$451,004
82$767,019$0$0$459,353
83$803,915$0$0$470,970
84$843,273$0$0$494,311
85$885,302$0$0$519,256
86$930,233$0$0$545,943
87$978,317$0$0$574,524
88$1,029,832$0$0$605,166
89$1,085,081$0$0$638,054
90$1,144,396$0$0$673,387
91$1,208,144$0$0$711,387
92$1,276,725$0$0$752,297
93$1,350,580$0$0$796,382
94$1,430,193$0$0$843,936
95$1,516,094$0$0$895,279
96$1,608,868$0$0$950,765
97$1,709,157$0$0$1,010,782
98$1,817,664$0$0$1,075,757
99$1,935,165$0$0$1,146,158
100$2,062,513$0$0$1,222,501