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%11.1%
1 years$34,435$34,129$33,829$33,537$33,252$33,098
2 years$17,047$16,730$16,422$16,124$15,834$15,679
3 years$11,252$10,933$10,626$10,331$10,046$9,894
4 years$8,355$8,037$7,733$7,443$7,165$7,017
5 years$6,617$6,301$6,001$5,717$5,447$5,304
6 years$5,459$5,145$4,850$4,572$4,310$4,172
7 years$4,632$4,321$4,030$3,759$3,505$3,373
8 years$4,012$3,704$3,418$3,153$2,908$2,781
9 years$3,530$3,225$2,944$2,686$2,449$2,327
10 years$3,145$2,843$2,567$2,315$2,086$1,970
11 years$2,830$2,531$2,260$2,015$1,794$1,683
12 years$2,567$2,271$2,005$1,767$1,555$1,448
13 years$2,346$2,053$1,792$1,560$1,356$1,254
14 years$2,156$1,866$1,610$1,385$1,189$1,092
15 years$1,991$1,704$1,453$1,235$1,047$954
16 years$1,847$1,564$1,318$1,106$925$837
17 years$1,721$1,440$1,199$994$820$737
18 years$1,608$1,331$1,095$896$729$650
19 years$1,508$1,233$1,002$809$650$575
20 years$1,417$1,146$920$733$581$510
21 years$1,336$1,068$846$665$520$452
22 years$1,261$997$780$605$466$402
23 years$1,194$932$720$551$418$358
24 years$1,132$873$666$502$376$319
25 years$1,075$819$617$459$338$285
26 years$1,023$770$572$419$305$254
27 years$974$725$531$384$275$227
28 years$929$683$494$352$248$203
29 years$888$644$459$323$224$182
30 years$849$609$428$296$202$163
31 years$813$575$399$272$183$146
32 years$779$544$372$250$165$131
33 years$747$515$348$230$150$118
34 years$717$489$325$211$135$105
35 years$689$463$304$195$123$95
36 years$662$440$284$179$111$85
37 years$637$418$266$165$101$76
38 years$614$397$249$152$91$69
39 years$591$377$233$140$83$62
40 years$570$359$219$129$75$55
41 years$550$342$205$119$68$50
42 years$531$326$192$110$62$45
43 years$513$310$180$102$56$40
44 years$495$296$169$94$51$36
45 years$479$282$159$87$46$32
46 years$463$269$149$80$42$29
47 years$448$257$140$74$38$26
48 years$434$245$132$68$35$24
49 years$420$234$124$63$31$21
50 years$407$224$117$58$29$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $417,000, adding $4,246 every year, while hoping to spend $30,678 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: 73/12/15 Blend
63$417,000$417,000$417,000$417,000
64$463,914$441,813$435,349$495,932
65$478,592$430,820$417,292$506,717
66$493,739$418,261$397,602$514,356
67$509,370$404,026$376,192$521,911
68$525,502$387,999$352,970$529,364
69$542,151$370,059$327,843$536,700
70$559,334$350,076$300,709$543,900
71$577,069$327,912$271,466$550,947
72$595,374$303,424$240,004$557,819
73$614,270$276,459$206,211$564,495
74$633,774$246,855$169,969$570,953
75$653,909$214,441$131,153$577,169
76$674,696$179,036$89,634$583,118
77$696,157$140,451$45,278$588,772
78$718,314$98,483$0$594,104
79$741,194$52,919$0$599,412
80$764,819$3,536$0$612,091
81$789,217$0$0$624,877
82$814,415$0$0$644,351
83$840,441$0$0$664,947
84$867,325$0$0$686,223
85$895,098$0$0$708,202
86$923,791$0$0$730,911
87$953,440$0$0$754,376
88$984,078$0$0$778,626
89$1,015,742$0$0$803,688
90$1,048,473$0$0$829,595
91$1,082,309$0$0$856,379
92$1,117,293$0$0$884,072
93$1,153,471$0$0$912,711
94$1,190,888$0$0$942,332
95$1,229,594$0$0$972,976
96$1,269,642$0$0$1,004,682
97$1,311,085$0$0$1,037,496
98$1,353,981$0$0$1,071,462
99$1,398,391$0$0$1,106,629
100$1,444,380$0$0$1,143,048