Can I retire at age 64 with 365,000?

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 $365,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.2%
1 years$30,141$29,873$29,611$29,355$29,106$28,718
2 years$14,921$14,644$14,374$14,113$13,860$13,470
3 years$9,849$9,570$9,301$9,042$8,793$8,413
4 years$7,313$7,035$6,769$6,515$6,271$5,904
5 years$5,792$5,515$5,253$5,004$4,767$4,414
6 years$4,778$4,504$4,245$4,002$3,772$3,433
7 years$4,054$3,782$3,528$3,290$3,068$2,743
8 years$3,512$3,242$2,992$2,760$2,545$2,235
9 years$3,090$2,823$2,577$2,351$2,143$1,847
10 years$2,753$2,488$2,247$2,026$1,826$1,544
11 years$2,477$2,215$1,978$1,764$1,571$1,302
12 years$2,247$1,988$1,755$1,547$1,361$1,106
13 years$2,053$1,797$1,568$1,366$1,187$945
14 years$1,887$1,633$1,409$1,212$1,040$811
15 years$1,743$1,492$1,272$1,081$916$699
16 years$1,617$1,369$1,153$968$810$605
17 years$1,506$1,261$1,050$870$718$524
18 years$1,408$1,165$958$784$638$456
19 years$1,320$1,080$877$708$569$397
20 years$1,241$1,003$805$641$508$347
21 years$1,169$934$740$582$455$303
22 years$1,104$872$682$529$408$265
23 years$1,045$816$630$482$366$232
24 years$991$764$583$440$329$204
25 years$941$717$540$402$296$179
26 years$895$674$501$367$267$157
27 years$853$634$465$336$240$138
28 years$814$598$432$308$217$122
29 years$777$564$402$282$196$107
30 years$743$533$375$259$177$94
31 years$711$504$349$238$160$83
32 years$682$476$326$219$145$73
33 years$654$451$304$201$131$64
34 years$628$428$284$185$119$57
35 years$603$406$266$170$107$50
36 years$580$385$249$157$97$44
37 years$558$366$233$145$88$39
38 years$537$347$218$133$80$34
39 years$518$330$204$123$73$30
40 years$499$314$191$113$66$27
41 years$481$299$179$105$60$24
42 years$465$285$168$96$54$21
43 years$449$272$158$89$49$18
44 years$434$259$148$82$45$16
45 years$419$247$139$76$40$14
46 years$406$235$131$70$37$13
47 years$392$225$123$65$33$11
48 years$380$215$115$60$30$10
49 years$368$205$108$55$28$9
50 years$356$196$102$51$25$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $365,000, adding $2,643 every year, while hoping to spend $28,102 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: 55/36/9 Blend
63$365,000$365,000$365,000$365,000
64$404,956$385,611$379,954$426,198
65$416,361$374,606$362,782$429,862
66$427,988$362,119$344,093$430,528
67$439,829$348,050$323,806$430,579
68$451,876$332,288$301,838$429,962
69$464,118$314,721$278,100$428,619
70$476,542$295,226$252,501$426,488
71$489,134$273,677$224,944$423,503
72$501,875$249,937$195,329$419,593
73$514,746$223,863$163,552$414,682
74$527,723$195,305$129,504$408,688
75$540,778$164,103$93,070$401,524
76$553,880$130,087$54,131$393,096
77$566,995$93,079$12,562$383,304
78$580,080$52,892$0$372,041
79$593,090$9,326$0$362,243
80$605,974$0$0$352,221
81$618,671$0$0$355,632
82$631,117$0$0$362,566
83$643,237$0$0$369,283
84$654,947$0$0$375,732
85$666,153$0$0$381,855
86$676,752$0$0$387,589
87$686,624$0$0$392,861
88$695,640$0$0$397,592
89$703,654$0$0$401,692
90$710,503$0$0$405,062
91$716,005$0$0$407,591
92$719,958$0$0$409,157
93$722,139$0$0$409,621
94$722,298$0$0$408,834
95$720,158$0$0$406,624
96$715,412$0$0$402,807
97$707,717$0$0$397,173
98$696,697$0$0$389,493
99$681,933$0$0$379,512
100$662,958$0$0$366,946