Can I retire at age 64 with 352,000?

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 $352,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.5%
1 years$29,068$28,809$28,556$28,310$28,069$27,776
2 years$14,390$14,122$13,862$13,610$13,366$13,071
3 years$9,498$9,229$8,970$8,720$8,480$8,192
4 years$7,053$6,784$6,528$6,283$6,048$5,769
5 years$5,586$5,319$5,066$4,826$4,598$4,329
6 years$4,608$4,343$4,094$3,859$3,638$3,380
7 years$3,910$3,647$3,402$3,173$2,959$2,711
8 years$3,387$3,127$2,885$2,662$2,454$2,217
9 years$2,980$2,722$2,485$2,267$2,067$1,840
10 years$2,655$2,400$2,167$1,954$1,761$1,545
11 years$2,389$2,136$1,907$1,701$1,515$1,309
12 years$2,167$1,917$1,693$1,492$1,313$1,116
13 years$1,980$1,733$1,512$1,317$1,145$958
14 years$1,820$1,575$1,359$1,169$1,003$826
15 years$1,681$1,439$1,227$1,043$883$716
16 years$1,559$1,320$1,112$934$781$622
17 years$1,453$1,216$1,012$839$692$542
18 years$1,358$1,123$924$756$616$474
19 years$1,273$1,041$846$683$549$415
20 years$1,196$967$776$619$490$364
21 years$1,127$901$714$561$439$320
22 years$1,065$841$658$510$393$281
23 years$1,008$787$608$465$353$248
24 years$955$737$562$424$317$218
25 years$908$692$520$387$285$193
26 years$863$650$483$354$257$170
27 years$822$612$448$324$232$151
28 years$785$577$417$297$209$133
29 years$749$544$388$272$189$118
30 years$717$514$361$250$171$104
31 years$686$486$337$230$154$93
32 years$657$459$314$211$140$82
33 years$630$435$293$194$126$73
34 years$605$412$274$178$114$64
35 years$581$391$256$164$104$57
36 years$559$371$240$151$94$51
37 years$538$353$224$139$85$45
38 years$518$335$210$128$77$40
39 years$499$319$197$118$70$35
40 years$481$303$185$109$63$32
41 years$464$289$173$101$58$28
42 years$448$275$162$93$52$25
43 years$433$262$152$86$47$22
44 years$418$250$143$79$43$20
45 years$404$238$134$73$39$17
46 years$391$227$126$68$35$15
47 years$378$217$118$63$32$14
48 years$366$207$111$58$29$12
49 years$355$198$105$53$27$11
50 years$344$189$98$49$24$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $352,000, adding $3,572 every year, while hoping to spend $27,183 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: 60/25/15 Blend
63$352,000$352,000$352,000$352,000
64$391,589$372,933$367,477$413,399
65$402,608$362,284$350,864$417,876
66$413,841$350,202$332,785$419,403
67$425,279$336,589$313,160$420,427
68$436,915$321,339$291,908$420,903
69$448,737$304,342$268,944$420,781
70$460,735$285,481$244,180$420,009
71$472,892$264,631$217,522$418,531
72$485,191$241,663$188,874$416,285
73$497,614$216,437$158,134$413,207
74$510,136$188,808$125,197$409,226
75$522,730$158,620$89,952$404,267
76$535,367$125,711$52,284$398,250
77$548,012$89,908$12,072$391,088
78$560,624$51,029$0$382,688
79$573,159$8,881$0$377,884
80$585,567$0$0$374,017
81$597,789$0$0$379,163
82$609,762$0$0$386,573
83$621,412$0$0$393,753
84$632,658$0$0$400,650
85$643,410$0$0$407,202
86$653,563$0$0$413,342
87$663,005$0$0$418,993
88$671,608$0$0$424,070
89$679,229$0$0$428,479
90$685,709$0$0$432,114
91$690,872$0$0$434,858
92$694,521$0$0$436,579
93$696,438$0$0$437,133
94$696,379$0$0$436,359
95$694,074$0$0$434,076
96$689,225$0$0$430,087
97$681,497$0$0$424,170
98$670,524$0$0$416,082
99$655,896$0$0$405,551
100$637,161$0$0$392,277