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%11.1%
1 years$36,665$36,339$36,020$35,709$35,405$35,241
2 years$18,151$17,813$17,485$17,168$16,860$16,694
3 years$11,980$11,641$11,314$11,000$10,696$10,534
4 years$8,896$8,557$8,234$7,925$7,629$7,472
5 years$7,046$6,709$6,390$6,087$5,799$5,647
6 years$5,812$5,478$5,164$4,868$4,589$4,442
7 years$4,932$4,601$4,291$4,002$3,732$3,591
8 years$4,272$3,944$3,639$3,357$3,096$2,961
9 years$3,759$3,434$3,135$2,860$2,607$2,478
10 years$3,348$3,027$2,733$2,465$2,222$2,097
11 years$3,013$2,694$2,406$2,145$1,911$1,792
12 years$2,734$2,418$2,135$1,882$1,656$1,542
13 years$2,498$2,186$1,908$1,661$1,444$1,336
14 years$2,295$1,987$1,714$1,475$1,266$1,162
15 years$2,120$1,815$1,548$1,315$1,114$1,016
16 years$1,967$1,665$1,403$1,178$985$891
17 years$1,832$1,533$1,277$1,058$873$785
18 years$1,712$1,417$1,165$954$776$692
19 years$1,605$1,313$1,067$862$692$612
20 years$1,509$1,220$979$780$618$543
21 years$1,422$1,137$901$708$553$482
22 years$1,343$1,061$830$644$496$428
23 years$1,271$992$766$586$445$381
24 years$1,205$930$709$535$400$340
25 years$1,145$873$657$488$360$303
26 years$1,089$820$609$447$324$271
27 years$1,037$772$565$409$292$242
28 years$990$727$526$375$264$217
29 years$945$686$489$343$238$194
30 years$904$648$456$315$215$174
31 years$865$612$425$290$195$156
32 years$829$580$396$266$176$140
33 years$795$549$370$245$159$125
34 years$763$520$346$225$144$112
35 years$733$493$323$207$131$101
36 years$705$468$302$191$118$90
37 years$679$445$283$176$107$81
38 years$653$423$265$162$97$73
39 years$630$402$248$149$88$66
40 years$607$382$233$138$80$59
41 years$586$364$218$127$73$53
42 years$565$347$205$117$66$48
43 years$546$330$192$108$60$43
44 years$528$315$180$100$54$38
45 years$510$300$169$92$49$35
46 years$493$286$159$85$45$31
47 years$477$273$149$79$41$28
48 years$462$261$140$73$37$25
49 years$447$249$132$67$33$23
50 years$433$238$124$62$30$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $444,000, adding $2,043 every year, while hoping to spend $23,617 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: 64/30/6 Blend
63$444,000$444,000$444,000$444,000
64$491,395$467,863$460,981$522,221
65$516,389$465,660$451,296$540,788
66$543,141$462,558$440,494$558,074
67$571,805$458,487$428,515$576,333
68$602,551$453,374$415,291$595,657
69$635,564$447,142$400,756$616,150
70$671,048$439,709$384,839$637,923
71$709,227$430,987$367,463$661,104
72$750,347$420,884$348,552$685,831
73$794,678$409,303$328,024$712,260
74$842,517$396,140$305,794$740,561
75$894,188$381,286$281,772$770,926
76$950,050$364,624$255,867$803,563
77$1,010,497$346,032$227,980$838,706
78$1,075,962$325,381$198,011$876,614
79$1,146,919$302,534$165,854$917,571
80$1,223,891$277,345$131,397$961,895
81$1,307,455$249,661$94,525$1,009,936
82$1,398,241$219,321$55,118$1,062,081
83$1,496,947$186,153$13,050$1,118,759
84$1,604,338$149,977$0$1,180,447
85$1,721,256$110,601$0$1,249,707
86$1,848,627$67,824$0$1,326,107
87$1,987,472$21,432$0$1,409,462
88$2,138,914$0$0$1,500,495
89$2,304,187$0$0$1,609,507
90$2,484,651$0$0$1,736,294
91$2,681,804$0$0$1,874,836
92$2,897,294$0$0$2,026,294
93$3,132,936$0$0$2,191,948
94$3,390,726$0$0$2,373,207
95$3,672,865$0$0$2,571,620
96$3,981,776$0$0$2,788,897
97$4,320,125$0$0$3,026,918
98$4,690,850$0$0$3,287,754
99$5,097,187$0$0$3,573,686
100$5,542,697$0$0$3,887,226