Can I retire at age 64 with 414,000?

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 $414,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.4%
1 years$34,188$33,883$33,586$33,296$33,013$32,413
2 years$16,925$16,609$16,304$16,008$15,720$15,118
3 years$11,171$10,854$10,550$10,256$9,974$9,388
4 years$8,295$7,979$7,677$7,389$7,113$6,548
5 years$6,569$6,256$5,958$5,676$5,407$4,865
6 years$5,420$5,108$4,815$4,539$4,279$3,759
7 years$4,599$4,290$4,001$3,732$3,480$2,984
8 years$3,983$3,677$3,393$3,130$2,887$2,414
9 years$3,505$3,202$2,923$2,666$2,431$1,981
10 years$3,122$2,822$2,548$2,298$2,071$1,644
11 years$2,809$2,512$2,243$2,000$1,781$1,376
12 years$2,549$2,255$1,991$1,755$1,544$1,160
13 years$2,329$2,038$1,779$1,549$1,346$983
14 years$2,140$1,852$1,598$1,375$1,180$837
15 years$1,977$1,692$1,443$1,226$1,039$716
16 years$1,834$1,553$1,308$1,098$918$614
17 years$1,708$1,430$1,190$987$814$528
18 years$1,597$1,321$1,087$889$724$455
19 years$1,497$1,224$995$803$645$393
20 years$1,407$1,138$913$728$576$340
21 years$1,326$1,060$840$660$516$294
22 years$1,252$989$774$600$462$255
23 years$1,185$925$715$547$415$222
24 years$1,124$867$661$499$373$192
25 years$1,067$814$612$455$336$167
26 years$1,015$765$568$416$302$146
27 years$967$720$527$381$273$127
28 years$923$678$490$349$246$110
29 years$881$640$456$320$222$96
30 years$843$604$425$294$201$84
31 years$807$571$396$270$181$73
32 years$773$540$370$248$164$64
33 years$741$512$345$228$149$56
34 years$712$485$322$210$134$49
35 years$684$460$301$193$122$42
36 years$658$437$282$178$110$37
37 years$633$415$264$164$100$32
38 years$609$394$247$151$91$28
39 years$587$375$232$139$82$25
40 years$566$357$217$129$75$22
41 years$546$339$203$119$68$19
42 years$527$323$191$109$61$16
43 years$509$308$179$101$56$14
44 years$492$294$168$93$51$13
45 years$476$280$158$86$46$11
46 years$460$267$148$80$42$10
47 years$445$255$139$74$38$8
48 years$431$243$131$68$34$7
49 years$417$232$123$63$31$6
50 years$404$222$116$58$28$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $414,000, adding $3,475 every year, while hoping to spend $34,693 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: 80/8/12 Blend
63$414,000$414,000$414,000$414,000
64$459,812$437,870$431,453$495,305
65$469,800$422,413$408,994$503,653
66$479,644$405,035$384,620$507,955
67$489,292$385,607$358,229$511,665
68$498,688$363,989$329,717$514,708
69$507,766$340,036$298,974$517,002
70$516,453$313,593$265,885$518,456
71$524,668$284,496$230,330$518,969
72$532,321$252,574$192,182$518,431
73$539,310$217,642$151,312$516,722
74$545,521$179,508$107,583$513,708
75$550,829$137,969$60,852$509,243
76$555,093$92,808$10,970$503,168
77$558,156$43,799$0$495,305
78$559,845$0$0$490,874
79$559,965$0$0$486,919
80$558,303$0$0$485,241
81$554,620$0$0$481,774
82$548,651$0$0$476,286
83$540,104$0$0$468,518
84$528,652$0$0$458,181
85$513,937$0$0$444,960
86$495,558$0$0$428,502
87$473,075$0$0$408,416
88$445,998$0$0$384,272
89$413,786$0$0$355,593
90$375,841$0$0$321,851
91$331,500$0$0$282,462
92$280,033$0$0$236,780
93$220,629$0$0$184,091
94$152,396$0$0$123,609
95$74,344$0$0$54,460
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0