Can I retire at age 64 with 386,000?

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 $386,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14%
1 years$31,876$31,592$31,315$31,044$30,780$30,270
2 years$15,780$15,486$15,201$14,925$14,657$14,145
3 years$10,415$10,120$9,836$9,563$9,299$8,801
4 years$7,734$7,440$7,158$6,889$6,632$6,151
5 years$6,125$5,833$5,555$5,292$5,042$4,579
6 years$5,053$4,763$4,489$4,232$3,989$3,546
7 years$4,288$4,000$3,731$3,479$3,244$2,821
8 years$3,714$3,429$3,164$2,919$2,692$2,288
9 years$3,268$2,985$2,725$2,486$2,267$1,882
10 years$2,911$2,631$2,376$2,143$1,931$1,565
11 years$2,619$2,342$2,092$1,865$1,661$1,314
12 years$2,377$2,102$1,856$1,636$1,439$1,110
13 years$2,171$1,900$1,658$1,444$1,255$943
14 years$1,995$1,727$1,490$1,282$1,100$805
15 years$1,843$1,578$1,345$1,143$969$690
16 years$1,710$1,448$1,220$1,024$856$594
17 years$1,593$1,333$1,110$920$759$512
18 years$1,489$1,232$1,013$829$675$443
19 years$1,396$1,142$928$749$602$383
20 years$1,312$1,061$851$678$537$333
21 years$1,236$988$783$616$481$289
22 years$1,168$922$722$560$431$251
23 years$1,105$863$666$510$387$219
24 years$1,048$808$616$465$348$191
25 years$995$759$571$425$313$166
26 years$947$713$529$388$282$145
27 years$902$671$492$355$254$127
28 years$860$632$457$326$229$111
29 years$822$596$425$299$207$97
30 years$786$563$396$274$187$85
31 years$752$532$369$252$169$74
32 years$721$504$345$231$153$65
33 years$691$477$322$213$138$57
34 years$664$452$301$196$125$50
35 years$638$429$281$180$114$44
36 years$613$407$263$166$103$38
37 years$590$387$246$153$93$34
38 years$568$367$230$141$85$29
39 years$547$349$216$130$77$26
40 years$528$332$202$120$70$23
41 years$509$316$190$111$63$20
42 years$491$301$178$102$57$17
43 years$475$287$167$94$52$15
44 years$459$274$157$87$47$13
45 years$443$261$147$80$43$12
46 years$429$249$138$74$39$10
47 years$415$238$130$69$35$9
48 years$402$227$122$63$32$8
49 years$389$217$115$59$29$7
50 years$377$207$108$54$26$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $386,000, adding $5,140 every year, while hoping to spend $20,953 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: 41/41/18 Blend
63$386,000$386,000$386,000$386,000
64$430,674$410,216$404,233$445,856
65$452,309$408,023$395,481$454,935
66$475,448$405,020$385,733$462,332
67$500,223$401,145$374,935$469,900
68$526,779$396,334$363,028$477,665
69$555,272$390,516$349,951$485,656
70$585,876$383,617$335,641$493,908
71$618,782$375,561$320,031$502,463
72$654,198$366,264$303,053$511,365
73$692,355$355,640$284,633$520,668
74$733,503$343,594$264,697$530,431
75$777,920$330,030$243,164$540,724
76$825,910$314,843$219,952$551,622
77$877,807$297,925$194,975$563,214
78$933,979$279,159$168,142$575,600
79$994,829$258,422$139,359$588,892
80$1,060,802$235,585$108,528$603,216
81$1,132,386$210,511$75,546$618,715
82$1,210,119$183,055$40,305$635,550
83$1,294,590$153,064$2,695$653,901
84$1,386,449$120,376$0$673,970
85$1,486,413$84,820$0$703,176
86$1,595,267$46,216$0$735,601
87$1,713,877$4,373$0$771,036
88$1,843,196$0$0$809,826
89$1,984,273$0$0$870,808
90$2,138,261$0$0$939,573
91$2,306,431$0$0$1,014,720
92$2,490,181$0$0$1,096,879
93$2,691,052$0$0$1,186,747
94$2,910,738$0$0$1,285,088
95$3,151,105$0$0$1,392,745
96$3,414,209$0$0$1,510,645
97$3,702,314$0$0$1,639,809
98$4,017,910$0$0$1,781,363
99$4,363,743$0$0$1,936,546
100$4,742,835$0$0$2,106,723