Can I retire at age 64 with 435,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $435,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.4%
1 years$35,922$35,602$35,290$34,985$34,688$34,483
2 years$17,783$17,452$17,131$16,820$16,518$16,312
3 years$11,738$11,405$11,085$10,777$10,480$10,278
4 years$8,716$8,384$8,067$7,764$7,474$7,279
5 years$6,903$6,573$6,260$5,963$5,682$5,493
6 years$5,695$5,367$5,059$4,769$4,496$4,314
7 years$4,832$4,508$4,204$3,921$3,656$3,482
8 years$4,185$3,864$3,566$3,289$3,033$2,866
9 years$3,683$3,364$3,071$2,802$2,554$2,394
10 years$3,281$2,965$2,677$2,415$2,176$2,023
11 years$2,952$2,640$2,357$2,102$1,872$1,725
12 years$2,678$2,369$2,092$1,844$1,622$1,482
13 years$2,447$2,141$1,869$1,628$1,415$1,281
14 years$2,249$1,946$1,679$1,445$1,240$1,113
15 years$2,077$1,778$1,516$1,288$1,092$971
16 years$1,927$1,631$1,375$1,154$965$850
17 years$1,795$1,502$1,251$1,037$856$746
18 years$1,678$1,388$1,142$934$761$657
19 years$1,573$1,287$1,045$844$678$580
20 years$1,478$1,196$959$765$606$513
21 years$1,393$1,114$882$694$542$454
22 years$1,316$1,040$813$631$486$403
23 years$1,245$972$751$575$436$358
24 years$1,181$911$694$524$392$318
25 years$1,121$855$643$479$353$284
26 years$1,067$803$597$438$318$253
27 years$1,016$756$554$401$286$225
28 years$970$713$515$367$258$201
29 years$926$672$479$337$233$180
30 years$885$635$446$309$211$160
31 years$848$600$416$284$191$143
32 years$812$568$388$261$172$128
33 years$779$538$363$240$156$115
34 years$748$510$339$221$141$103
35 years$719$483$317$203$128$92
36 years$691$459$296$187$116$82
37 years$665$436$277$172$105$74
38 years$640$414$260$159$95$66
39 years$617$394$243$146$86$59
40 years$595$375$228$135$78$53
41 years$574$357$214$125$71$48
42 years$554$340$201$115$65$43
43 years$535$324$188$106$59$38
44 years$517$308$177$98$53$34
45 years$500$294$166$91$48$31
46 years$483$281$156$84$44$28
47 years$468$268$146$77$40$25
48 years$453$256$138$71$36$22
49 years$438$244$129$66$33$20
50 years$425$233$122$61$30$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $435,000, adding $6,192 every year, while hoping to spend $30,157 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: 77/11/12 Blend
63$435,000$435,000$435,000$435,000
64$485,757$462,702$455,960$521,562
65$503,217$453,288$439,147$536,590
66$521,448$442,401$420,761$548,612
67$540,496$429,939$400,717$560,942
68$560,411$415,790$378,925$573,600
69$581,248$399,839$355,294$586,608
70$603,066$381,962$329,728$599,988
71$625,929$362,029$302,124$613,769
72$649,907$339,902$272,379$627,980
73$675,075$315,434$240,381$642,655
74$701,515$288,472$206,015$657,831
75$729,315$258,854$169,163$673,550
76$758,573$226,405$129,697$689,859
77$789,394$190,945$87,488$706,810
78$821,891$152,281$42,399$724,461
79$856,191$110,209$0$742,877
80$892,429$64,516$0$762,863
81$930,754$14,974$0$789,609
82$971,328$0$0$817,789
83$1,014,328$0$0$852,205
84$1,059,948$0$0$890,647
85$1,108,399$0$0$931,484
86$1,159,912$0$0$974,910
87$1,214,741$0$0$1,021,141
88$1,273,163$0$0$1,070,412
89$1,335,482$0$0$1,122,979
90$1,402,029$0$0$1,179,125
91$1,473,169$0$0$1,239,158
92$1,549,302$0$0$1,303,417
93$1,630,866$0$0$1,372,273
94$1,718,340$0$0$1,446,134
95$1,812,252$0$0$1,525,446
96$1,913,180$0$0$1,610,699
97$2,021,759$0$0$1,702,433
98$2,138,687$0$0$1,801,237
99$2,264,729$0$0$1,907,763
100$2,400,725$0$0$2,022,722