Can I retire at age 64 with 410,000?

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 $410,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.9%
1 years$33,857$33,556$33,262$32,974$32,694$32,434
2 years$16,761$16,449$16,146$15,853$15,569$15,306
3 years$11,063$10,750$10,448$10,157$9,877$9,621
4 years$8,215$7,902$7,603$7,318$7,045$6,796
5 years$6,506$6,195$5,900$5,621$5,355$5,116
6 years$5,367$5,059$4,768$4,495$4,237$4,007
7 years$4,554$4,248$3,963$3,696$3,446$3,225
8 years$3,945$3,642$3,361$3,100$2,859$2,647
9 years$3,471$3,171$2,894$2,641$2,408$2,204
10 years$3,092$2,795$2,523$2,276$2,051$1,857
11 years$2,782$2,488$2,222$1,981$1,764$1,579
12 years$2,524$2,233$1,972$1,738$1,529$1,352
13 years$2,306$2,018$1,762$1,534$1,333$1,165
14 years$2,120$1,834$1,583$1,362$1,169$1,009
15 years$1,958$1,676$1,429$1,214$1,029$877
16 years$1,816$1,538$1,296$1,087$909$765
17 years$1,692$1,416$1,179$977$806$670
18 years$1,581$1,308$1,076$880$717$588
19 years$1,482$1,213$985$796$639$517
20 years$1,393$1,127$904$721$571$455
21 years$1,313$1,050$832$654$511$402
22 years$1,240$980$767$595$458$355
23 years$1,174$916$708$542$411$314
24 years$1,113$859$655$494$369$279
25 years$1,057$806$606$451$332$247
26 years$1,006$757$562$412$299$219
27 years$958$713$522$377$270$195
28 years$914$672$485$346$244$173
29 years$873$634$452$317$220$154
30 years$835$598$421$291$199$137
31 years$799$566$392$267$180$122
32 years$766$535$366$246$163$109
33 years$734$507$342$226$147$97
34 years$705$480$319$208$133$86
35 years$677$456$298$191$121$77
36 years$651$432$279$176$109$69
37 years$627$411$261$162$99$61
38 years$603$390$245$150$90$55
39 years$581$371$229$138$81$49
40 years$561$353$215$127$74$43
41 years$541$336$202$117$67$39
42 years$522$320$189$108$61$35
43 years$504$305$177$100$55$31
44 years$487$291$167$92$50$28
45 years$471$277$156$85$45$25
46 years$455$264$147$79$41$22
47 years$441$252$138$73$37$20
48 years$427$241$130$67$34$18
49 years$413$230$122$62$31$16
50 years$400$220$115$57$28$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $410,000, adding $5,530 every year, while hoping to spend $23,475 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: 46/45/9 Blend
63$410,000$410,000$410,000$410,000
64$457,524$435,794$429,439$477,178
65$479,214$432,171$418,848$487,687
66$502,330$427,583$407,116$496,204
67$526,992$421,959$394,178$504,906
68$553,333$415,223$379,971$513,818
69$581,497$407,292$364,424$522,967
70$611,643$398,083$347,465$532,388
71$643,944$387,503$329,019$542,119
72$678,593$375,457$309,008$552,204
73$715,799$361,844$287,349$562,693
74$755,791$346,555$263,956$573,646
75$798,823$329,477$238,739$585,127
76$845,170$310,489$211,605$597,211
77$895,139$289,464$182,454$609,985
78$949,063$266,267$151,186$623,544
79$1,007,309$240,757$117,693$637,997
80$1,070,282$212,781$81,863$653,468
81$1,138,425$182,182$43,580$670,097
82$1,212,227$148,792$2,723$688,039
83$1,292,224$112,432$0$707,471
84$1,379,005$72,915$0$732,518
85$1,473,220$30,044$0$760,010
86$1,575,581$0$0$789,949
87$1,686,875$0$0$830,744
88$1,807,963$0$0$891,359
89$1,939,797$0$0$957,397
90$2,083,422$0$0$1,029,387
91$2,239,989$0$0$1,107,911
92$2,410,762$0$0$1,193,610
93$2,597,137$0$0$1,287,191
94$2,800,648$0$0$1,389,430
95$3,022,982$0$0$1,501,183
96$3,266,000$0$0$1,623,389
97$3,531,747$0$0$1,757,087
98$3,822,478$0$0$1,903,418
99$4,140,675$0$0$2,063,639
100$4,489,069$0$0$2,239,133