Can I retire at age 64 with 432,000?

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 $432,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.6%
1 years$35,674$35,356$35,046$34,744$34,448$33,794
2 years$17,660$17,332$17,013$16,704$16,404$15,748
3 years$11,657$11,326$11,008$10,702$10,407$9,769
4 years$8,655$8,326$8,011$7,710$7,423$6,807
5 years$6,855$6,528$6,217$5,922$5,643$5,052
6 years$5,655$5,330$5,024$4,736$4,465$3,900
7 years$4,799$4,476$4,175$3,894$3,631$3,092
8 years$4,156$3,837$3,541$3,266$3,012$2,498
9 years$3,657$3,341$3,050$2,782$2,537$2,048
10 years$3,258$2,945$2,659$2,398$2,161$1,697
11 years$2,932$2,622$2,341$2,087$1,859$1,419
12 years$2,660$2,353$2,077$1,831$1,611$1,194
13 years$2,430$2,126$1,856$1,616$1,405$1,011
14 years$2,233$1,933$1,668$1,435$1,231$860
15 years$2,063$1,766$1,506$1,280$1,084$734
16 years$1,914$1,620$1,365$1,146$958$629
17 years$1,783$1,492$1,242$1,029$850$540
18 years$1,666$1,379$1,134$928$755$464
19 years$1,562$1,278$1,038$838$673$400
20 years$1,468$1,187$953$759$601$346
21 years$1,384$1,106$876$689$538$299
22 years$1,307$1,032$808$627$482$259
23 years$1,237$966$746$571$433$225
24 years$1,173$905$690$520$389$195
25 years$1,114$849$639$475$350$169
26 years$1,059$798$592$435$316$147
27 years$1,009$751$550$398$284$128
28 years$963$708$511$364$257$111
29 years$920$668$476$334$232$97
30 years$879$630$443$307$209$84
31 years$842$596$413$282$189$73
32 years$807$564$386$259$171$64
33 years$774$534$360$238$155$56
34 years$743$506$336$219$140$48
35 years$714$480$315$202$127$42
36 years$686$456$294$186$115$37
37 years$660$433$275$171$104$32
38 years$636$411$258$158$95$28
39 years$613$391$242$145$86$24
40 years$591$372$226$134$78$21
41 years$570$354$212$124$71$19
42 years$550$337$199$114$64$16
43 years$531$321$187$105$58$14
44 years$513$306$175$97$53$12
45 years$496$292$165$90$48$11
46 years$480$279$155$83$44$9
47 years$464$266$145$77$40$8
48 years$450$254$137$71$36$7
49 years$435$242$128$66$33$6
50 years$422$232$121$61$30$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $432,000, adding $5,117 every year, while hoping to spend $31,800 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: 57/25/18 Blend
63$432,000$432,000$432,000$432,000
64$481,342$458,446$451,750$506,214
65$496,604$447,075$433,049$512,328
66$512,357$434,081$412,655$515,103
67$528,617$419,351$390,479$517,412
68$545,402$402,765$366,426$519,218
69$562,729$384,197$340,397$520,480
70$580,617$363,512$312,290$521,155
71$599,085$340,569$281,997$521,198
72$618,153$315,218$249,405$520,562
73$637,842$287,301$214,397$519,197
74$658,173$256,649$176,851$517,049
75$679,168$223,087$136,637$514,062
76$700,852$186,427$93,623$510,177
77$723,249$146,472$47,669$505,333
78$746,383$103,012$0$499,463
79$770,283$55,828$0$492,761
80$794,974$4,687$0$494,679
81$820,488$0$0$496,005
82$846,853$0$0$510,625
83$874,101$0$0$527,070
84$902,266$0$0$544,069
85$931,383$0$0$561,644
86$961,488$0$0$579,817
87$992,619$0$0$598,611
88$1,024,817$0$0$618,052
89$1,058,124$0$0$638,165
90$1,092,585$0$0$658,977
91$1,128,247$0$0$680,517
92$1,165,159$0$0$702,815
93$1,203,374$0$0$725,904
94$1,242,947$0$0$749,817
95$1,283,936$0$0$774,590
96$1,326,404$0$0$800,260
97$1,370,416$0$0$826,870
98$1,416,042$0$0$854,460
99$1,463,356$0$0$883,077
100$1,512,437$0$0$912,769