Can I retire at age 64 with 417,000?

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 $417,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.6%
1 years$34,435$34,129$33,829$33,537$33,252$32,356
2 years$17,047$16,730$16,422$16,124$15,834$14,938
3 years$11,252$10,933$10,626$10,331$10,046$9,178
4 years$8,355$8,037$7,733$7,443$7,165$6,331
5 years$6,617$6,301$6,001$5,717$5,447$4,649
6 years$5,459$5,145$4,850$4,572$4,310$3,550
7 years$4,632$4,321$4,030$3,759$3,505$2,783
8 years$4,012$3,704$3,418$3,153$2,908$2,223
9 years$3,530$3,225$2,944$2,686$2,449$1,800
10 years$3,145$2,843$2,567$2,315$2,086$1,474
11 years$2,830$2,531$2,260$2,015$1,794$1,216
12 years$2,567$2,271$2,005$1,767$1,555$1,011
13 years$2,346$2,053$1,792$1,560$1,356$844
14 years$2,156$1,866$1,610$1,385$1,189$708
15 years$1,991$1,704$1,453$1,235$1,047$596
16 years$1,847$1,564$1,318$1,106$925$503
17 years$1,721$1,440$1,199$994$820$426
18 years$1,608$1,331$1,095$896$729$361
19 years$1,508$1,233$1,002$809$650$307
20 years$1,417$1,146$920$733$581$261
21 years$1,336$1,068$846$665$520$222
22 years$1,261$997$780$605$466$190
23 years$1,194$932$720$551$418$162
24 years$1,132$873$666$502$376$138
25 years$1,075$819$617$459$338$118
26 years$1,023$770$572$419$305$101
27 years$974$725$531$384$275$86
28 years$929$683$494$352$248$74
29 years$888$644$459$323$224$63
30 years$849$609$428$296$202$54
31 years$813$575$399$272$183$46
32 years$779$544$372$250$165$40
33 years$747$515$348$230$150$34
34 years$717$489$325$211$135$29
35 years$689$463$304$195$123$25
36 years$662$440$284$179$111$21
37 years$637$418$266$165$101$18
38 years$614$397$249$152$91$16
39 years$591$377$233$140$83$13
40 years$570$359$219$129$75$12
41 years$550$342$205$119$68$10
42 years$531$326$192$110$62$8
43 years$513$310$180$102$56$7
44 years$495$296$169$94$51$6
45 years$479$282$159$87$46$5
46 years$463$269$149$80$42$5
47 years$448$257$140$74$38$4
48 years$434$245$132$68$35$3
49 years$420$234$124$63$31$3
50 years$407$224$117$58$29$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $417,000, adding $5,645 every year, while hoping to spend $22,665 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: 28/42/30 Blend
63$417,000$417,000$417,000$417,000
64$465,357$443,256$436,792$473,963
65$488,708$440,860$427,309$478,944
66$513,681$437,587$416,749$481,979
67$540,418$433,370$405,052$484,791
68$569,074$428,139$392,154$487,377
69$599,819$421,817$377,991$489,736
70$632,840$414,325$362,493$491,870
71$668,342$405,580$345,589$493,783
72$706,550$395,491$327,204$495,481
73$747,712$383,963$307,259$496,975
74$792,098$370,898$285,672$498,280
75$840,008$356,187$262,358$499,412
76$891,769$339,721$237,227$500,398
77$947,741$321,378$210,185$501,267
78$1,008,320$301,035$181,136$502,055
79$1,073,941$278,559$149,977$502,806
80$1,145,083$253,808$116,601$503,575
81$1,222,272$226,635$80,897$504,422
82$1,306,086$196,882$42,750$505,421
83$1,397,163$164,385$2,037$506,660
84$1,496,201$128,968$0$508,236
85$1,603,973$90,446$0$523,522
86$1,721,324$48,624$0$540,951
87$1,849,188$3,296$0$560,069
88$1,988,592$0$0$581,095
89$2,140,664$0$0$625,423
90$2,306,649$0$0$675,534
91$2,487,914$0$0$730,324
92$2,685,968$0$0$790,259
93$2,902,467$0$0$855,849
94$3,139,240$0$0$927,656
95$3,398,296$0$0$1,006,299
96$3,681,850$0$0$1,092,461
97$3,992,339$0$0$1,186,891
98$4,332,449$0$0$1,290,419
99$4,705,136$0$0$1,403,953
100$5,113,657$0$0$1,528,499