Can I retire at age 64 with 415,000?

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 $415,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.9%
1 years$34,270$33,965$33,667$33,377$33,093$32,293
2 years$16,966$16,650$16,343$16,046$15,758$14,957
3 years$11,198$10,881$10,575$10,281$9,998$9,220
4 years$8,315$7,998$7,696$7,407$7,131$6,383
5 years$6,585$6,271$5,972$5,689$5,420$4,705
6 years$5,433$5,121$4,827$4,550$4,289$3,606
7 years$4,610$4,300$4,011$3,741$3,488$2,838
8 years$3,993$3,686$3,402$3,138$2,894$2,276
9 years$3,513$3,209$2,930$2,673$2,437$1,851
10 years$3,130$2,829$2,554$2,304$2,076$1,522
11 years$2,816$2,518$2,249$2,005$1,786$1,262
12 years$2,555$2,260$1,996$1,759$1,548$1,053
13 years$2,334$2,043$1,783$1,553$1,349$884
14 years$2,145$1,857$1,602$1,378$1,183$745
15 years$1,982$1,696$1,446$1,229$1,042$630
16 years$1,839$1,556$1,311$1,101$921$535
17 years$1,712$1,433$1,193$989$816$455
18 years$1,600$1,324$1,089$891$726$388
19 years$1,500$1,227$997$805$647$331
20 years$1,410$1,141$915$729$578$283
21 years$1,329$1,062$842$662$517$243
22 years$1,255$992$776$602$463$208
23 years$1,188$928$716$548$416$178
24 years$1,127$869$663$500$374$153
25 years$1,070$816$614$457$336$132
26 years$1,018$767$569$417$303$113
27 years$970$721$528$382$273$97
28 years$925$680$491$350$247$84
29 years$883$641$457$321$223$72
30 years$845$606$426$295$201$62
31 years$809$572$397$271$182$54
32 years$775$542$370$249$165$46
33 years$743$513$346$229$149$40
34 years$713$486$323$210$135$34
35 years$685$461$302$194$122$30
36 years$659$438$283$178$111$25
37 years$634$416$265$164$100$22
38 years$611$395$248$151$91$19
39 years$588$376$232$140$82$16
40 years$567$357$218$129$75$14
41 years$547$340$204$119$68$12
42 years$528$324$191$110$62$10
43 years$510$309$180$101$56$9
44 years$493$294$169$94$51$8
45 years$477$281$158$86$46$7
46 years$461$268$149$80$42$6
47 years$446$255$140$74$38$5
48 years$432$244$131$68$34$4
49 years$418$233$123$63$31$4
50 years$405$222$116$58$28$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $415,000, adding $2,872 every year, while hoping to spend $24,229 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: 23/47/30 Blend
63$415,000$415,000$415,000$415,000
64$460,292$438,297$431,865$466,492
65$481,463$433,995$420,553$467,854
66$503,981$428,669$408,050$467,105
67$527,957$422,244$394,290$465,796
68$553,516$414,641$379,206$463,897
69$580,790$405,774$362,725$461,379
70$609,927$395,553$344,773$458,211
71$641,088$383,884$325,271$454,362
72$674,448$370,664$304,137$449,803
73$710,203$355,787$281,286$444,503
74$748,564$339,141$256,630$438,433
75$789,764$320,606$230,074$431,564
76$834,059$300,055$201,520$423,868
77$881,731$277,354$170,868$415,320
78$933,086$252,364$138,012$405,895
79$988,464$224,933$102,839$395,570
80$1,048,238$194,905$65,234$384,327
81$1,112,815$162,112$25,076$372,149
82$1,182,645$126,379$0$359,025
83$1,258,223$87,519$0$350,637
84$1,340,090$45,336$0$350,230
85$1,428,843$0$0$349,816
86$1,525,140$0$0$349,649
87$1,629,701$0$0$374,988
88$1,743,320$0$0$402,587
89$1,866,872$0$0$432,665
90$2,001,317$0$0$465,465
91$2,147,711$0$0$501,254
92$2,307,219$0$0$540,325
93$2,481,121$0$0$583,002
94$2,670,826$0$0$629,639
95$2,877,884$0$0$680,630
96$3,104,004$0$0$736,405
97$3,351,063$0$0$797,440
98$3,621,132$0$0$864,256
99$3,916,488$0$0$937,430
100$4,239,640$0$0$1,017,595