Can I retire at age 64 with 420,000?

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 $420,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.9%
1 years$34,683$34,374$34,073$33,779$33,491$32,163
2 years$17,170$16,850$16,540$16,240$15,948$14,626
3 years$11,333$11,012$10,703$10,405$10,118$8,844
4 years$8,415$8,095$7,789$7,496$7,216$6,000
5 years$6,665$6,346$6,044$5,758$5,486$4,331
6 years$5,498$5,182$4,885$4,605$4,341$3,247
7 years$4,665$4,352$4,059$3,786$3,530$2,498
8 years$4,041$3,731$3,443$3,176$2,929$1,957
9 years$3,556$3,248$2,965$2,705$2,466$1,553
10 years$3,167$2,863$2,585$2,332$2,101$1,245
11 years$2,850$2,549$2,276$2,029$1,807$1,006
12 years$2,586$2,288$2,020$1,780$1,566$818
13 years$2,363$2,067$1,805$1,571$1,366$668
14 years$2,171$1,879$1,621$1,395$1,197$547
15 years$2,006$1,717$1,464$1,244$1,054$450
16 years$1,861$1,575$1,327$1,114$932$371
17 years$1,733$1,451$1,208$1,001$826$307
18 years$1,620$1,340$1,102$902$734$254
19 years$1,518$1,242$1,009$815$655$210
20 years$1,427$1,154$926$738$585$174
21 years$1,345$1,075$852$670$523$145
22 years$1,270$1,004$785$609$469$120
23 years$1,202$939$725$555$421$100
24 years$1,140$880$671$506$378$83
25 years$1,083$825$621$462$341$69
26 years$1,030$776$576$422$307$58
27 years$981$730$535$387$277$48
28 years$936$688$497$354$250$40
29 years$894$649$463$325$225$33
30 years$855$613$431$298$204$28
31 years$818$579$402$274$184$23
32 years$784$548$375$252$167$19
33 years$752$519$350$231$151$16
34 years$722$492$327$213$136$13
35 years$694$467$306$196$124$11
36 years$667$443$286$181$112$9
37 years$642$421$268$166$101$8
38 years$618$400$251$153$92$6
39 years$596$380$235$141$83$5
40 years$574$362$220$130$76$5
41 years$554$344$206$120$69$4
42 years$535$328$194$111$62$3
43 years$516$312$182$102$57$3
44 years$499$298$171$95$51$2
45 years$482$284$160$87$47$2
46 years$467$271$150$81$42$2
47 years$452$259$141$75$38$1
48 years$437$247$133$69$35$1
49 years$423$236$125$64$32$1
50 years$410$225$117$59$29$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $420,000, adding $2,880 every year, while hoping to spend $22,691 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: 79/12/9 Blend
63$420,000$420,000$420,000$420,000
64$465,811$443,551$437,041$501,745
65$489,180$441,142$427,539$523,329
66$514,173$437,854$416,958$543,758
67$540,931$433,621$405,238$565,499
68$569,609$428,371$392,316$588,675
69$600,377$422,029$378,127$613,418
70$633,422$414,516$362,601$639,874
71$668,951$405,746$345,667$668,205
72$707,187$395,631$327,250$698,588
73$748,378$384,075$307,271$731,220
74$792,796$370,978$285,648$766,316
75$840,739$356,235$262,296$804,117
76$892,536$339,731$237,124$844,884
77$948,546$321,349$210,039$888,907
78$1,009,166$300,963$180,943$936,508
79$1,074,830$278,440$149,734$988,038
80$1,146,019$253,640$116,306$1,043,887
81$1,223,258$226,413$80,547$1,104,485
82$1,307,126$196,603$42,342$1,170,304
83$1,398,260$164,044$1,567$1,241,868
84$1,497,360$128,560$0$1,319,752
85$1,605,198$89,967$0$1,408,619
86$1,722,621$48,068$0$1,505,567
87$1,850,563$2,658$0$1,611,229
88$1,990,050$0$0$1,726,472
89$2,142,213$0$0$1,858,391
90$2,308,296$0$0$2,002,772
91$2,489,668$0$0$2,160,457
92$2,687,836$0$0$2,332,757
93$2,904,460$0$0$2,521,119
94$3,141,368$0$0$2,727,132
95$3,400,571$0$0$2,952,547
96$3,684,285$0$0$3,199,292
97$3,994,948$0$0$3,469,492
98$4,335,247$0$0$3,765,484
99$4,708,140$0$0$4,089,843
100$5,116,885$0$0$4,445,406