Can I retire at age 64 with 431,000?

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 $431,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.5%
1 years$35,592$35,275$34,965$34,663$34,369$33,730
2 years$17,620$17,291$16,973$16,665$16,366$15,725
3 years$11,630$11,300$10,983$10,677$10,383$9,760
4 years$8,635$8,307$7,993$7,693$7,405$6,804
5 years$6,839$6,513$6,203$5,909$5,629$5,052
6 years$5,642$5,318$5,013$4,725$4,454$3,902
7 years$4,787$4,466$4,166$3,885$3,623$3,095
8 years$4,147$3,828$3,533$3,259$3,005$2,503
9 years$3,649$3,333$3,043$2,776$2,531$2,053
10 years$3,250$2,938$2,653$2,393$2,156$1,702
11 years$2,925$2,616$2,335$2,082$1,855$1,424
12 years$2,654$2,348$2,073$1,827$1,607$1,199
13 years$2,424$2,122$1,852$1,613$1,401$1,016
14 years$2,228$1,928$1,664$1,431$1,229$865
15 years$2,058$1,762$1,502$1,277$1,082$739
16 years$1,909$1,616$1,362$1,143$956$633
17 years$1,779$1,489$1,239$1,027$848$544
18 years$1,662$1,375$1,131$926$754$468
19 years$1,558$1,275$1,036$836$672$404
20 years$1,465$1,185$951$757$600$349
21 years$1,380$1,103$874$687$537$302
22 years$1,304$1,030$806$625$481$262
23 years$1,234$963$744$569$432$227
24 years$1,170$903$688$519$388$197
25 years$1,111$847$637$474$349$171
26 years$1,057$796$591$434$315$149
27 years$1,007$749$549$397$284$130
28 years$961$706$510$364$256$113
29 years$917$666$475$333$231$98
30 years$877$629$442$306$209$86
31 years$840$595$412$281$189$75
32 years$805$563$385$258$171$65
33 years$772$533$359$238$155$57
34 years$741$505$336$219$140$49
35 years$712$479$314$201$127$43
36 years$685$455$294$185$115$38
37 years$659$432$275$171$104$33
38 years$634$410$257$157$94$29
39 years$611$390$241$145$86$25
40 years$589$371$226$134$78$22
41 years$568$353$212$123$70$19
42 years$549$337$199$114$64$17
43 years$530$321$186$105$58$15
44 years$512$306$175$97$53$13
45 years$495$291$164$90$48$11
46 years$479$278$154$83$43$10
47 years$463$265$145$77$39$8
48 years$449$253$136$71$36$7
49 years$434$242$128$65$33$6
50 years$421$231$120$60$30$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $431,000, adding $6,456 every year, while hoping to spend $30,724 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: 76/6/18 Blend
63$431,000$431,000$431,000$431,000
64$481,621$458,778$452,098$515,771
65$498,057$448,568$434,553$529,033
66$515,139$436,828$415,391$539,124
67$532,901$423,451$394,524$549,369
68$551,379$408,322$371,863$559,771
69$570,612$391,322$347,313$570,340
70$590,641$372,324$320,774$581,083
71$611,510$351,192$292,144$592,009
72$633,268$327,784$261,315$603,130
73$655,965$301,949$228,173$614,459
74$679,658$273,529$192,601$626,011
75$704,407$242,355$154,477$637,801
76$730,275$208,250$113,671$649,850
77$757,334$171,025$70,049$662,180
78$785,659$130,482$23,473$674,815
79$815,331$86,411$0$687,785
80$846,441$38,591$0$706,159
81$879,084$0$0$730,074
82$913,366$0$0$755,963
83$949,399$0$0$785,858
84$987,309$0$0$817,316
85$1,027,228$0$0$850,448
86$1,069,305$0$0$885,377
87$1,113,699$0$0$922,237
88$1,160,584$0$0$961,173
89$1,210,149$0$0$1,002,343
90$1,262,602$0$0$1,045,922
91$1,318,170$0$0$1,092,097
92$1,377,099$0$0$1,141,077
93$1,439,661$0$0$1,193,087
94$1,506,149$0$0$1,248,373
95$1,576,888$0$0$1,307,207
96$1,652,231$0$0$1,369,885
97$1,732,566$0$0$1,436,729
98$1,818,317$0$0$1,508,096
99$1,909,949$0$0$1,584,374
100$2,007,972$0$0$1,665,990