Can I retire at age 64 with 444,000?

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 $444,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.2%
1 years$36,665$36,339$36,020$35,709$35,405$34,790
2 years$18,151$17,813$17,485$17,168$16,860$16,242
3 years$11,980$11,641$11,314$11,000$10,696$10,095
4 years$8,896$8,557$8,234$7,925$7,629$7,049
5 years$7,046$6,709$6,390$6,087$5,799$5,242
6 years$5,812$5,478$5,164$4,868$4,589$4,055
7 years$4,932$4,601$4,291$4,002$3,732$3,222
8 years$4,272$3,944$3,639$3,357$3,096$2,610
9 years$3,759$3,434$3,135$2,860$2,607$2,144
10 years$3,348$3,027$2,733$2,465$2,222$1,782
11 years$3,013$2,694$2,406$2,145$1,911$1,493
12 years$2,734$2,418$2,135$1,882$1,656$1,260
13 years$2,498$2,186$1,908$1,661$1,444$1,070
14 years$2,295$1,987$1,714$1,475$1,266$912
15 years$2,120$1,815$1,548$1,315$1,114$781
16 years$1,967$1,665$1,403$1,178$985$670
17 years$1,832$1,533$1,277$1,058$873$577
18 years$1,712$1,417$1,165$954$776$498
19 years$1,605$1,313$1,067$862$692$431
20 years$1,509$1,220$979$780$618$373
21 years$1,422$1,137$901$708$553$324
22 years$1,343$1,061$830$644$496$281
23 years$1,271$992$766$586$445$245
24 years$1,205$930$709$535$400$213
25 years$1,145$873$657$488$360$185
26 years$1,089$820$609$447$324$162
27 years$1,037$772$565$409$292$141
28 years$990$727$526$375$264$123
29 years$945$686$489$343$238$107
30 years$904$648$456$315$215$94
31 years$865$612$425$290$195$82
32 years$829$580$396$266$176$72
33 years$795$549$370$245$159$63
34 years$763$520$346$225$144$55
35 years$733$493$323$207$131$48
36 years$705$468$302$191$118$42
37 years$679$445$283$176$107$37
38 years$653$423$265$162$97$32
39 years$630$402$248$149$88$28
40 years$607$382$233$138$80$25
41 years$586$364$218$127$73$21
42 years$565$347$205$117$66$19
43 years$546$330$192$108$60$16
44 years$528$315$180$100$54$14
45 years$510$300$169$92$49$13
46 years$493$286$159$85$45$11
47 years$477$273$149$79$41$10
48 years$462$261$140$73$37$8
49 years$447$249$132$67$33$7
50 years$433$238$124$62$30$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $444,000, adding $4,359 every year, while hoping to spend $22,585 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: 40/39/21 Blend
63$444,000$444,000$444,000$444,000
64$493,784$470,252$463,370$510,312
65$520,120$469,264$454,863$521,580
66$548,385$467,471$445,314$531,283
67$578,752$464,809$434,664$541,321
68$611,412$461,211$422,851$551,736
69$646,571$456,607$409,813$562,576
70$684,461$450,919$395,480$573,897
71$725,331$444,069$379,784$585,763
72$769,458$435,972$362,650$598,244
73$817,145$426,537$344,001$611,420
74$868,726$415,670$323,758$625,383
75$924,568$403,270$301,836$640,234
76$985,074$389,230$278,147$656,089
77$1,050,687$373,437$252,600$673,077
78$1,121,893$355,772$225,099$691,343
79$1,199,231$336,109$195,544$711,050
80$1,283,287$314,314$163,830$732,381
81$1,374,713$290,245$129,848$755,540
82$1,474,220$263,754$93,485$780,756
83$1,582,595$234,682$54,621$808,285
84$1,700,701$202,863$13,132$838,413
85$1,829,490$168,121$0$871,458
86$1,970,007$130,268$0$914,755
87$2,123,405$89,108$0$965,317
88$2,290,953$44,435$0$1,020,670
89$2,474,045$0$0$1,081,341
90$2,674,219$0$0$1,149,618
91$2,893,168$0$0$1,245,211
92$3,132,754$0$0$1,349,873
93$3,395,028$0$0$1,464,505
94$3,682,251$0$0$1,590,105
95$3,996,911$0$0$1,727,766
96$4,341,745$0$0$1,878,696
97$4,719,774$0$0$2,044,224
98$5,134,319$0$0$2,225,813
99$5,589,041$0$0$2,425,077
100$6,087,972$0$0$2,643,790