Can I retire at age 64 with 381,000?

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 $381,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.3%
1 years$31,463$31,182$30,909$30,642$30,381$30,089
2 years$15,576$15,285$15,004$14,732$14,467$14,173
3 years$10,281$9,989$9,709$9,439$9,179$8,891
4 years$7,634$7,343$7,066$6,800$6,546$6,268
5 years$6,046$5,757$5,483$5,223$4,976$4,708
6 years$4,988$4,701$4,431$4,177$3,938$3,680
7 years$4,232$3,948$3,682$3,434$3,202$2,955
8 years$3,666$3,384$3,123$2,881$2,657$2,420
9 years$3,225$2,947$2,690$2,454$2,237$2,011
10 years$2,873$2,597$2,345$2,115$1,906$1,690
11 years$2,586$2,312$2,064$1,841$1,639$1,433
12 years$2,346$2,075$1,832$1,615$1,421$1,224
13 years$2,143$1,875$1,637$1,426$1,239$1,052
14 years$1,970$1,705$1,471$1,265$1,086$909
15 years$1,819$1,557$1,328$1,129$956$788
16 years$1,688$1,429$1,204$1,010$845$686
17 years$1,572$1,316$1,096$908$749$598
18 years$1,469$1,216$1,000$818$666$524
19 years$1,377$1,127$916$739$594$459
20 years$1,295$1,047$840$670$530$403
21 years$1,220$975$773$608$475$355
22 years$1,153$910$712$553$425$313
23 years$1,091$852$658$503$382$276
24 years$1,034$798$608$459$343$244
25 years$982$749$563$419$309$215
26 years$934$704$522$383$278$191
27 years$890$662$485$351$251$169
28 years$849$624$451$321$226$150
29 years$811$589$420$295$204$133
30 years$776$556$391$270$185$118
31 years$742$526$364$248$167$104
32 years$711$497$340$228$151$93
33 years$682$471$318$210$137$82
34 years$655$446$297$193$124$73
35 years$629$423$277$178$112$65
36 years$605$402$259$164$102$58
37 years$582$382$243$151$92$51
38 years$561$363$227$139$83$46
39 years$540$345$213$128$76$41
40 years$521$328$200$118$69$36
41 years$503$312$187$109$62$32
42 years$485$297$176$101$57$29
43 years$468$283$165$93$51$25
44 years$453$270$155$86$47$23
45 years$438$258$145$79$42$20
46 years$423$246$136$73$38$18
47 years$410$235$128$68$35$16
48 years$396$224$120$63$32$14
49 years$384$214$113$58$29$13
50 years$372$204$106$53$26$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $381,000, adding $5,791 every year, while hoping to spend $30,076 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: 80/12/8 Blend
63$381,000$381,000$381,000$381,000
64$425,835$405,642$399,737$458,990
65$437,270$393,518$381,127$469,430
66$448,863$379,792$360,887$476,340
67$460,598$364,353$338,928$483,021
68$472,459$347,086$315,161$489,435
69$484,422$327,866$289,492$495,540
70$496,465$306,563$261,821$501,290
71$508,559$283,039$232,047$506,635
72$520,672$257,148$200,061$511,520
73$532,768$228,736$165,750$515,884
74$544,807$197,640$128,999$519,660
75$556,740$163,688$89,684$522,777
76$568,517$126,697$47,677$525,153
77$580,076$86,477$2,845$526,702
78$591,353$42,822$0$527,328
79$602,271$0$0$530,767
80$612,746$0$0$534,164
81$622,685$0$0$542,736
82$631,981$0$0$550,736
83$640,519$0$0$558,060
84$648,165$0$0$564,592
85$654,774$0$0$570,204
86$660,184$0$0$574,751
87$664,211$0$0$578,072
88$666,655$0$0$579,991
89$667,291$0$0$580,308
90$665,870$0$0$578,804
91$662,115$0$0$575,234
92$655,719$0$0$569,329
93$646,343$0$0$560,786
94$633,607$0$0$549,275
95$617,095$0$0$534,424
96$596,343$0$0$515,826
97$570,837$0$0$493,029
98$540,011$0$0$465,530
99$503,235$0$0$432,776
100$459,815$0$0$394,154