Can I retire at age 64 with 349,000?

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 $349,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.5%
1 years$28,820$28,563$28,313$28,068$27,830$27,201
2 years$14,267$14,002$13,744$13,494$13,252$12,622
3 years$9,417$9,150$8,893$8,646$8,408$7,796
4 years$6,992$6,726$6,472$6,229$5,996$5,408
5 years$5,538$5,274$5,023$4,784$4,558$3,995
6 years$4,569$4,306$4,059$3,826$3,607$3,068
7 years$3,877$3,616$3,373$3,146$2,933$2,420
8 years$3,358$3,100$2,861$2,639$2,434$1,946
9 years$2,955$2,699$2,464$2,248$2,049$1,586
10 years$2,632$2,379$2,148$1,938$1,746$1,307
11 years$2,368$2,118$1,891$1,686$1,502$1,087
12 years$2,149$1,901$1,678$1,479$1,301$909
13 years$1,963$1,718$1,499$1,306$1,135$765
14 years$1,804$1,562$1,347$1,159$995$647
15 years$1,667$1,426$1,216$1,034$876$549
16 years$1,546$1,309$1,103$926$774$467
17 years$1,440$1,205$1,004$832$686$398
18 years$1,346$1,114$916$749$610$341
19 years$1,262$1,032$839$677$544$292
20 years$1,186$959$770$613$486$250
21 years$1,118$893$708$557$435$215
22 years$1,056$834$652$506$390$185
23 years$999$780$602$461$350$159
24 years$947$731$557$420$314$137
25 years$900$686$516$384$283$118
26 years$856$645$479$351$255$102
27 years$815$607$444$321$230$88
28 years$778$572$413$294$207$76
29 years$743$539$384$270$187$66
30 years$710$509$358$248$169$57
31 years$680$481$334$228$153$49
32 years$652$456$312$209$138$42
33 years$625$431$291$192$125$37
34 years$600$409$272$177$113$32
35 years$576$388$254$163$103$27
36 years$554$368$238$150$93$24
37 years$533$350$222$138$84$20
38 years$514$332$208$127$76$18
39 years$495$316$195$117$69$15
40 years$477$301$183$108$63$13
41 years$460$286$172$100$57$11
42 years$444$273$161$92$52$10
43 years$429$260$151$85$47$9
44 years$415$247$142$79$43$7
45 years$401$236$133$73$39$6
46 years$388$225$125$67$35$6
47 years$375$215$117$62$32$5
48 years$363$205$110$57$29$4
49 years$352$196$104$53$26$4
50 years$341$187$98$49$24$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $349,000, adding $6,175 every year, while hoping to spend $27,348 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: 52/18/30 Blend
63$349,000$349,000$349,000$349,000
64$390,968$372,471$367,061$407,719
65$401,748$361,624$350,259$409,190
66$412,712$349,328$331,979$407,549
67$423,848$335,485$312,140$405,234
68$435,145$319,989$290,661$402,192
69$446,589$302,727$267,457$398,368
70$458,162$283,582$242,438$393,702
71$469,845$262,428$215,510$388,131
72$481,616$239,133$186,576$381,586
73$493,449$213,559$155,534$373,995
74$505,314$185,556$122,278$365,280
75$517,177$154,970$86,696$355,358
76$529,001$121,635$48,671$344,139
77$540,741$85,377$8,084$331,530
78$552,349$46,013$0$317,426
79$563,769$3,349$0$312,998
80$574,940$0$0$310,344
81$585,790$0$0$315,275
82$596,241$0$0$320,621
83$606,205$0$0$325,668
84$615,584$0$0$330,358
85$624,267$0$0$334,629
86$632,131$0$0$338,408
87$639,040$0$0$341,616
88$644,840$0$0$344,165
89$649,361$0$0$345,957
90$652,414$0$0$346,883
91$653,787$0$0$346,820
92$653,248$0$0$345,635
93$650,536$0$0$343,177
94$645,364$0$0$339,280
95$637,411$0$0$333,760
96$626,322$0$0$326,414
97$611,705$0$0$317,014
98$593,124$0$0$305,311
99$570,098$0$0$291,027
100$542,091$0$0$273,855