Can I retire at age 64 with 381,000?

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 $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%11.6%
1 years$31,463$31,182$30,909$30,642$30,381$30,177
2 years$15,576$15,285$15,004$14,732$14,467$14,262
3 years$10,281$9,989$9,709$9,439$9,179$8,977
4 years$7,634$7,343$7,066$6,800$6,546$6,351
5 years$6,046$5,757$5,483$5,223$4,976$4,788
6 years$4,988$4,701$4,431$4,177$3,938$3,756
7 years$4,232$3,948$3,682$3,434$3,202$3,028
8 years$3,666$3,384$3,123$2,881$2,657$2,490
9 years$3,225$2,947$2,690$2,454$2,237$2,077
10 years$2,873$2,597$2,345$2,115$1,906$1,753
11 years$2,586$2,312$2,064$1,841$1,639$1,493
12 years$2,346$2,075$1,832$1,615$1,421$1,281
13 years$2,143$1,875$1,637$1,426$1,239$1,106
14 years$1,970$1,705$1,471$1,265$1,086$959
15 years$1,819$1,557$1,328$1,129$956$836
16 years$1,688$1,429$1,204$1,010$845$731
17 years$1,572$1,316$1,096$908$749$641
18 years$1,469$1,216$1,000$818$666$564
19 years$1,377$1,127$916$739$594$497
20 years$1,295$1,047$840$670$530$439
21 years$1,220$975$773$608$475$388
22 years$1,153$910$712$553$425$344
23 years$1,091$852$658$503$382$305
24 years$1,034$798$608$459$343$271
25 years$982$749$563$419$309$241
26 years$934$704$522$383$278$214
27 years$890$662$485$351$251$191
28 years$849$624$451$321$226$170
29 years$811$589$420$295$204$151
30 years$776$556$391$270$185$135
31 years$742$526$364$248$167$121
32 years$711$497$340$228$151$108
33 years$682$471$318$210$137$96
34 years$655$446$297$193$124$86
35 years$629$423$277$178$112$77
36 years$605$402$259$164$102$69
37 years$582$382$243$151$92$61
38 years$561$363$227$139$83$55
39 years$540$345$213$128$76$49
40 years$521$328$200$118$69$44
41 years$503$312$187$109$62$39
42 years$485$297$176$101$57$35
43 years$468$283$165$93$51$32
44 years$453$270$155$86$47$28
45 years$438$258$145$79$42$25
46 years$423$246$136$73$38$23
47 years$410$235$128$68$35$20
48 years$396$224$120$63$32$18
49 years$384$214$113$58$29$16
50 years$372$204$106$53$26$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $381,000, adding $2,033 every year, while hoping to spend $31,540 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: 60/11/29 Blend
63$381,000$381,000$381,000$381,000
64$421,959$401,766$395,861$443,844
65$431,441$387,894$375,564$445,150
66$440,832$372,286$353,530$443,036
67$450,091$354,822$329,667$440,074
68$459,170$335,378$303,880$436,190
69$468,015$313,820$276,070$431,304
70$476,565$290,010$246,131$425,328
71$484,753$263,799$213,954$418,168
72$492,502$235,030$179,427$409,721
73$499,729$203,538$142,429$399,877
74$506,338$169,148$102,837$388,516
75$512,224$131,676$60,521$375,507
76$517,269$90,926$15,347$360,711
77$521,341$46,692$0$343,975
78$524,295$0$0$335,300
79$525,968$0$0$330,219
80$526,181$0$0$329,806
81$524,731$0$0$328,278
82$521,398$0$0$325,485
83$515,933$0$0$321,265
84$508,064$0$0$315,436
85$497,486$0$0$307,797
86$483,864$0$0$298,124
87$466,825$0$0$286,171
88$445,957$0$0$271,664
89$420,803$0$0$254,301
90$390,858$0$0$233,748
91$355,563$0$0$209,633
92$314,300$0$0$181,548
93$266,387$0$0$149,040
94$211,067$0$0$111,609
95$147,506$0$0$68,702
96$74,781$0$0$19,709
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0