Can I retire at age 64 with 373,000?

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 $373,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.1%
1 years$30,802$30,528$30,260$29,999$29,744$29,482
2 years$15,249$14,965$14,689$14,422$14,164$13,900
3 years$10,065$9,779$9,505$9,241$8,986$8,729
4 years$7,473$7,189$6,917$6,657$6,409$6,160
5 years$5,919$5,636$5,368$5,113$4,872$4,632
6 years$4,883$4,602$4,338$4,089$3,855$3,624
7 years$4,143$3,865$3,605$3,362$3,135$2,913
8 years$3,589$3,313$3,057$2,820$2,601$2,388
9 years$3,158$2,885$2,633$2,402$2,190$1,987
10 years$2,813$2,543$2,296$2,071$1,866$1,672
11 years$2,531$2,264$2,021$1,802$1,605$1,420
12 years$2,297$2,032$1,794$1,581$1,391$1,214
13 years$2,098$1,836$1,603$1,396$1,213$1,045
14 years$1,928$1,669$1,440$1,239$1,063$903
15 years$1,781$1,525$1,300$1,105$936$784
16 years$1,653$1,399$1,179$989$827$684
17 years$1,539$1,288$1,073$889$734$597
18 years$1,439$1,190$979$801$652$523
19 years$1,349$1,103$896$724$581$460
20 years$1,268$1,025$823$656$519$404
21 years$1,195$955$757$595$465$356
22 years$1,128$891$697$541$417$315
23 years$1,068$834$644$493$374$278
24 years$1,012$781$595$449$336$246
25 years$962$733$552$410$302$218
26 years$915$689$512$375$272$193
27 years$871$648$475$343$246$171
28 years$831$611$442$315$222$152
29 years$794$576$411$289$200$135
30 years$759$544$383$265$181$120
31 years$727$515$357$243$163$106
32 years$696$487$333$224$148$95
33 years$668$461$311$206$134$84
34 years$641$437$290$189$121$75
35 years$616$414$272$174$110$67
36 years$592$393$254$160$99$59
37 years$570$374$238$148$90$53
38 years$549$355$223$136$82$47
39 years$529$338$209$126$74$42
40 years$510$321$196$116$67$37
41 years$492$306$183$107$61$33
42 years$475$291$172$99$55$30
43 years$459$277$161$91$50$26
44 years$443$265$151$84$46$24
45 years$428$252$142$78$41$21
46 years$414$241$134$72$38$19
47 years$401$230$126$66$34$17
48 years$388$219$118$61$31$15
49 years$376$209$111$57$28$13
50 years$364$200$104$52$26$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $373,000, adding $5,213 every year, while hoping to spend $24,992 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: 26/50/24 Blend
63$373,000$373,000$373,000$373,000
64$416,423$396,654$390,873$423,993
65$432,307$389,499$377,376$423,332
66$448,973$381,156$362,589$420,112
67$466,476$371,539$346,443$416,130
68$484,872$360,560$328,864$411,335
69$504,226$348,124$309,778$405,677
70$524,605$334,131$289,104$399,105
71$546,085$318,473$266,759$391,562
72$568,747$301,040$242,656$382,992
73$592,679$281,711$216,706$373,337
74$617,980$260,362$188,812$362,533
75$644,753$236,859$158,877$350,517
76$673,116$211,063$126,797$337,223
77$703,193$182,824$92,464$322,584
78$735,122$151,987$55,766$306,527
79$769,055$118,385$16,584$288,980
80$805,156$81,843$0$269,869
81$843,606$42,177$0$255,578
82$884,601$0$0$244,518
83$928,359$0$0$232,837
84$975,117$0$0$245,190
85$1,025,133$0$0$258,443
86$1,078,694$0$0$272,678
87$1,136,112$0$0$287,983
88$1,197,729$0$0$304,455
89$1,263,921$0$0$322,201
90$1,335,102$0$0$341,338
91$1,411,724$0$0$361,994
92$1,494,286$0$0$384,311
93$1,583,334$0$0$408,444
94$1,679,469$0$0$434,565
95$1,783,351$0$0$462,860
96$1,895,704$0$0$493,536
97$2,017,327$0$0$526,820
98$2,149,096$0$0$562,962
99$2,291,974$0$0$602,237
100$2,447,021$0$0$644,945