Can I retire at age 64 with 377,000?

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 $377,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.4%
1 years$31,132$30,855$30,584$30,320$30,063$29,516
2 years$15,412$15,125$14,847$14,577$14,315$13,767
3 years$10,173$9,884$9,607$9,340$9,082$8,549
4 years$7,553$7,266$6,991$6,729$6,478$5,963
5 years$5,982$5,697$5,426$5,168$4,924$4,430
6 years$4,935$4,652$4,385$4,133$3,896$3,423
7 years$4,188$3,907$3,644$3,398$3,169$2,717
8 years$3,627$3,349$3,090$2,851$2,629$2,198
9 years$3,192$2,916$2,662$2,428$2,214$1,804
10 years$2,843$2,570$2,320$2,093$1,886$1,497
11 years$2,558$2,288$2,043$1,822$1,622$1,253
12 years$2,321$2,053$1,813$1,598$1,406$1,056
13 years$2,121$1,856$1,620$1,411$1,226$895
14 years$1,949$1,687$1,455$1,252$1,075$762
15 years$1,800$1,541$1,314$1,117$946$652
16 years$1,670$1,414$1,191$1,000$836$559
17 years$1,556$1,302$1,084$898$741$480
18 years$1,454$1,203$990$810$659$414
19 years$1,363$1,115$906$732$588$358
20 years$1,281$1,036$831$663$525$309
21 years$1,207$965$765$601$470$268
22 years$1,140$901$705$547$421$232
23 years$1,079$843$651$498$378$202
24 years$1,023$789$602$454$340$175
25 years$972$741$557$415$306$152
26 years$925$696$517$379$275$133
27 years$881$655$480$347$248$115
28 years$840$618$446$318$224$101
29 years$803$583$415$292$202$88
30 years$767$550$387$268$183$76
31 years$735$520$361$246$165$67
32 years$704$492$337$226$149$58
33 years$675$466$314$208$135$51
34 years$648$442$294$191$122$44
35 years$623$419$274$176$111$39
36 years$599$398$257$162$101$34
37 years$576$378$240$149$91$29
38 years$555$359$225$138$83$26
39 years$535$341$211$127$75$22
40 years$515$325$198$117$68$20
41 years$497$309$185$108$62$17
42 years$480$294$174$100$56$15
43 years$464$280$163$92$51$13
44 years$448$267$153$85$46$11
45 years$433$255$144$78$42$10
46 years$419$243$135$72$38$9
47 years$405$232$127$67$34$8
48 years$392$222$119$62$31$7
49 years$380$212$112$57$28$6
50 years$368$202$105$53$26$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $377,000, adding $2,170 every year, while hoping to spend $24,201 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: 55/23/22 Blend
63$377,000$377,000$377,000$377,000
64$417,692$397,711$391,868$438,051
65$434,547$391,450$379,246$445,978
66$452,310$384,070$365,390$451,874
67$471,049$375,492$350,233$457,778
68$490,835$365,630$333,705$463,697
69$511,749$354,396$315,734$469,643
70$533,879$341,692$296,242$475,628
71$557,319$327,419$275,150$481,666
72$582,172$311,469$252,374$487,776
73$608,553$293,730$227,828$493,980
74$636,585$274,083$201,420$500,303
75$666,404$252,400$173,054$506,775
76$698,158$228,549$142,633$513,433
77$732,010$202,388$110,052$520,316
78$768,139$173,769$75,202$527,473
79$806,739$142,533$37,971$534,958
80$848,024$108,515$0$542,833
81$892,228$71,538$0$551,584
82$939,609$31,417$0$570,418
83$990,449$0$0$590,536
84$1,045,056$0$0$615,124
85$1,103,772$0$0$650,136
86$1,166,968$0$0$687,845
87$1,235,054$0$0$728,500
88$1,308,481$0$0$772,371
89$1,387,742$0$0$819,759
90$1,473,380$0$0$870,992
91$1,565,992$0$0$926,430
92$1,666,233$0$0$986,471
93$1,774,825$0$0$1,051,551
94$1,892,561$0$0$1,122,149
95$2,020,312$0$0$1,198,793
96$2,159,037$0$0$1,282,064
97$2,309,790$0$0$1,372,600
98$2,473,732$0$0$1,471,104
99$2,652,139$0$0$1,578,347
100$2,846,415$0$0$1,695,180