Can I retire at age 64 with 390,000?

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 $390,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.4%
1 years$32,206$31,919$31,639$31,366$31,099$30,787
2 years$15,943$15,647$15,359$15,080$14,809$14,495
3 years$10,523$10,225$9,938$9,662$9,396$9,089
4 years$7,814$7,517$7,232$6,961$6,701$6,404
5 years$6,189$5,893$5,613$5,347$5,094$4,808
6 years$5,105$4,812$4,536$4,276$4,031$3,756
7 years$4,332$4,041$3,769$3,515$3,278$3,014
8 years$3,752$3,464$3,197$2,949$2,719$2,467
9 years$3,302$3,016$2,753$2,512$2,290$2,049
10 years$2,941$2,659$2,400$2,165$1,951$1,721
11 years$2,647$2,367$2,113$1,884$1,678$1,458
12 years$2,401$2,124$1,875$1,653$1,454$1,245
13 years$2,194$1,920$1,676$1,459$1,268$1,069
14 years$2,016$1,745$1,506$1,295$1,112$923
15 years$1,862$1,594$1,359$1,155$979$800
16 years$1,728$1,463$1,232$1,034$865$695
17 years$1,609$1,347$1,121$929$767$606
18 years$1,504$1,245$1,024$838$682$530
19 years$1,410$1,154$937$757$608$465
20 years$1,325$1,072$860$685$543$408
21 years$1,249$998$791$622$486$359
22 years$1,180$932$729$566$436$316
23 years$1,117$872$673$515$391$278
24 years$1,059$817$623$470$351$246
25 years$1,005$766$577$429$316$217
26 years$956$720$535$392$285$192
27 years$911$678$497$359$257$170
28 years$869$639$462$329$232$150
29 years$830$603$430$302$209$133
30 years$794$569$400$277$189$118
31 years$760$538$373$254$171$105
32 years$728$509$348$234$155$93
33 years$698$482$325$215$140$82
34 years$670$457$304$198$127$73
35 years$644$433$284$182$115$65
36 years$619$411$266$168$104$58
37 years$596$391$249$154$94$51
38 years$574$371$233$142$85$45
39 years$553$353$218$131$77$40
40 years$533$336$204$121$70$36
41 years$514$320$192$112$64$32
42 years$497$305$180$103$58$28
43 years$480$290$169$95$52$25
44 years$463$277$158$88$48$22
45 years$448$264$149$81$43$20
46 years$433$252$140$75$39$18
47 years$419$240$131$69$36$16
48 years$406$229$123$64$32$14
49 years$393$219$116$59$29$12
50 years$381$209$109$55$27$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $390,000, adding $4,679 every year, while hoping to spend $28,718 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: 69/26/5 Blend
63$390,000$390,000$390,000$390,000
64$434,606$413,936$407,891$464,032
65$448,381$403,664$391,000$473,831
66$462,597$391,925$372,580$480,569
67$477,271$378,618$352,551$487,146
68$492,417$363,635$330,826$493,541
69$508,052$346,862$307,317$499,730
70$524,193$328,177$281,931$505,687
71$540,855$307,452$254,571$511,386
72$558,058$284,553$225,134$516,798
73$575,820$259,336$193,516$521,893
74$594,159$231,649$159,605$526,640
75$613,097$201,334$123,285$531,003
76$632,654$168,221$84,437$534,946
77$652,852$132,131$42,933$538,431
78$673,714$92,876$0$541,417
79$695,264$50,257$0$543,934
80$717,525$4,065$0$548,312
81$740,525$0$0$552,217
82$764,289$0$0$568,745
83$788,847$0$0$587,028
84$814,227$0$0$605,924
85$840,462$0$0$625,456
86$867,582$0$0$645,649
87$895,623$0$0$666,528
88$924,620$0$0$688,120
89$954,609$0$0$710,453
90$985,632$0$0$733,557
91$1,017,730$0$0$757,462
92$1,050,945$0$0$782,202
93$1,085,325$0$0$807,811
94$1,120,917$0$0$834,325
95$1,157,774$0$0$861,784
96$1,195,950$0$0$890,227
97$1,235,503$0$0$919,699
98$1,276,493$0$0$950,245
99$1,318,986$0$0$981,914
100$1,363,050$0$0$1,014,757