Can I retire at age 64 with 358,000?

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 $358,000?

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$29,563$29,300$29,043$28,792$28,547$28,132
2 years$14,635$14,363$14,099$13,842$13,594$13,177
3 years$9,660$9,386$9,123$8,869$8,625$8,218
4 years$7,173$6,900$6,639$6,390$6,151$5,759
5 years$5,681$5,410$5,152$4,908$4,676$4,298
6 years$4,687$4,417$4,164$3,925$3,700$3,338
7 years$3,977$3,710$3,460$3,227$3,009$2,662
8 years$3,444$3,180$2,934$2,707$2,496$2,165
9 years$3,031$2,769$2,527$2,306$2,102$1,787
10 years$2,700$2,440$2,203$1,988$1,791$1,491
11 years$2,429$2,173$1,940$1,730$1,541$1,255
12 years$2,204$1,950$1,722$1,517$1,335$1,064
13 years$2,014$1,762$1,538$1,339$1,164$907
14 years$1,851$1,602$1,382$1,189$1,020$777
15 years$1,710$1,463$1,248$1,060$898$668
16 years$1,586$1,343$1,131$949$794$577
17 years$1,477$1,236$1,029$853$704$499
18 years$1,381$1,143$940$769$626$433
19 years$1,294$1,059$860$695$558$376
20 years$1,217$984$790$629$498$328
21 years$1,147$917$726$571$446$286
22 years$1,083$856$669$519$400$250
23 years$1,025$800$618$473$359$218
24 years$972$750$572$431$323$191
25 years$923$704$529$394$290$167
26 years$878$661$491$360$261$147
27 years$836$622$456$330$236$129
28 years$798$586$424$302$213$113
29 years$762$553$394$277$192$99
30 years$729$522$367$254$174$87
31 years$698$494$342$233$157$76
32 years$668$467$320$215$142$67
33 years$641$443$298$197$128$59
34 years$615$419$279$182$116$52
35 years$591$398$261$167$105$46
36 years$569$378$244$154$95$40
37 years$547$359$228$142$86$35
38 years$527$341$214$131$78$31
39 years$508$324$200$120$71$27
40 years$489$308$188$111$65$24
41 years$472$294$176$103$59$21
42 years$456$280$165$95$53$19
43 years$440$266$155$87$48$16
44 years$425$254$145$81$44$15
45 years$411$242$137$74$40$13
46 years$398$231$128$69$36$11
47 years$385$220$120$64$33$10
48 years$373$210$113$59$30$9
49 years$361$201$106$54$27$8
50 years$350$192$100$50$25$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $358,000, adding $2,158 every year, while hoping to spend $27,263 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: 22/49/29 Blend
63$358,000$358,000$358,000$358,000
64$396,742$377,768$372,219$401,797
65$408,202$367,271$355,681$395,978
66$419,917$355,346$337,675$387,343
67$431,885$341,894$318,123$377,523
68$444,101$326,811$296,944$366,438
69$456,561$309,985$274,053$354,006
70$469,256$291,301$249,360$340,138
71$482,180$270,635$222,773$324,740
72$495,321$247,855$194,195$307,713
73$508,668$222,824$163,524$288,954
74$522,205$195,395$130,655$268,351
75$535,914$165,414$95,477$245,789
76$549,776$132,718$57,874$221,143
77$563,767$97,134$17,726$194,284
78$577,859$58,482$0$165,074
79$592,021$16,567$0$141,139
80$606,217$0$0$120,912
81$620,406$0$0$114,317
82$634,541$0$0$116,607
83$648,570$0$0$118,835
84$662,433$0$0$120,987
85$676,063$0$0$123,043
86$689,384$0$0$124,986
87$702,311$0$0$126,792
88$714,750$0$0$128,438
89$726,592$0$0$129,896
90$737,718$0$0$131,137
91$747,996$0$0$132,125
92$757,275$0$0$132,825
93$765,389$0$0$133,193
94$772,154$0$0$133,183
95$777,362$0$0$132,744
96$780,786$0$0$131,819
97$782,168$0$0$130,344
98$781,226$0$0$128,248
99$777,645$0$0$125,454
100$771,077$0$0$121,874