Can I retire at age 64 with 426,000?

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 $426,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.9%
1 years$35,179$34,865$34,560$34,261$33,970$33,421
2 years$17,415$17,091$16,777$16,472$16,176$15,625
3 years$11,495$11,169$10,856$10,554$10,263$9,726
4 years$8,535$8,210$7,900$7,603$7,320$6,801
5 years$6,760$6,437$6,131$5,840$5,564$5,066
6 years$5,577$5,256$4,955$4,670$4,403$3,925
7 years$4,732$4,414$4,117$3,840$3,581$3,124
8 years$4,099$3,784$3,492$3,221$2,970$2,535
9 years$3,606$3,295$3,007$2,744$2,502$2,087
10 years$3,213$2,904$2,622$2,365$2,131$1,737
11 years$2,891$2,585$2,308$2,058$1,833$1,458
12 years$2,623$2,320$2,049$1,805$1,589$1,233
13 years$2,396$2,097$1,830$1,594$1,385$1,049
14 years$2,202$1,906$1,645$1,415$1,214$896
15 years$2,034$1,741$1,485$1,262$1,069$769
16 years$1,887$1,598$1,346$1,130$945$661
17 years$1,758$1,471$1,225$1,015$838$571
18 years$1,643$1,360$1,118$915$745$494
19 years$1,540$1,260$1,024$827$664$428
20 years$1,448$1,171$939$749$593$372
21 years$1,364$1,091$864$679$531$323
22 years$1,289$1,018$796$618$476$281
23 years$1,220$952$735$563$427$245
24 years$1,156$892$680$513$384$214
25 years$1,098$837$630$469$345$187
26 years$1,045$787$584$429$311$163
27 years$995$740$542$392$281$143
28 years$949$698$504$359$253$125
29 years$907$658$469$330$229$109
30 years$867$622$437$302$207$96
31 years$830$588$408$278$187$84
32 years$795$556$380$255$169$73
33 years$763$527$355$235$153$64
34 years$732$499$332$216$138$56
35 years$704$473$310$199$125$49
36 years$677$449$290$183$114$43
37 years$651$427$272$169$103$38
38 years$627$406$254$156$93$33
39 years$604$386$238$143$85$29
40 years$582$367$223$132$77$26
41 years$562$349$209$122$70$22
42 years$542$333$196$113$63$20
43 years$524$317$184$104$57$17
44 years$506$302$173$96$52$15
45 years$489$288$162$89$47$13
46 years$473$275$153$82$43$12
47 years$458$262$143$76$39$10
48 years$443$250$135$70$35$9
49 years$429$239$127$65$32$8
50 years$416$228$119$60$29$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $426,000, adding $6,099 every year, while hoping to spend $24,466 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: 49/24/27 Blend
63$426,000$426,000$426,000$426,000
64$475,743$453,165$446,562$495,146
65$498,237$449,339$435,490$505,528
66$522,206$444,505$423,228$513,889
67$547,773$438,588$409,708$522,493
68$575,076$431,509$394,864$531,373
69$604,264$423,183$378,622$540,570
70$635,501$413,520$360,907$550,127
71$668,966$402,427$341,642$560,097
72$704,858$389,803$320,744$570,537
73$743,391$375,541$298,126$581,514
74$784,803$359,529$273,700$593,104
75$829,356$341,649$247,372$605,390
76$877,335$321,774$219,044$618,468
77$929,055$299,773$188,613$632,447
78$984,860$275,503$155,973$647,446
79$1,045,130$248,817$121,012$663,604
80$1,110,282$219,558$83,615$681,072
81$1,180,773$187,559$43,659$700,023
82$1,257,108$152,645$1,017$720,649
83$1,339,840$114,631$0$743,165
84$1,429,577$73,322$0$780,630
85$1,526,990$28,510$0$821,641
86$1,632,813$0$0$866,247
87$1,747,858$0$0$920,116
88$1,873,015$0$0$986,953
89$2,009,265$0$0$1,059,755
90$2,157,686$0$0$1,139,105
91$2,319,466$0$0$1,225,644
92$2,495,910$0$0$1,320,076
93$2,688,458$0$0$1,423,176
94$2,898,691$0$0$1,535,799
95$3,128,352$0$0$1,658,884
96$3,379,359$0$0$1,793,466
97$3,653,825$0$0$1,940,686
98$3,954,074$0$0$2,101,796
99$4,282,666$0$0$2,278,180
100$4,642,421$0$0$2,471,358