Can I retire at age 64 with 329,000?

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 $329,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.7%
1 years$27,169$26,927$26,690$26,460$26,235$26,048
2 years$13,450$13,199$12,957$12,721$12,493$12,304
3 years$8,877$8,626$8,384$8,151$7,926$7,742
4 years$6,592$6,341$6,101$5,872$5,653$5,474
5 years$5,221$4,971$4,735$4,510$4,297$4,125
6 years$4,307$4,059$3,826$3,607$3,400$3,234
7 years$3,654$3,409$3,180$2,965$2,765$2,606
8 years$3,165$2,922$2,697$2,488$2,294$2,141
9 years$2,785$2,544$2,323$2,119$1,932$1,785
10 years$2,481$2,243$2,025$1,827$1,646$1,506
11 years$2,233$1,997$1,783$1,590$1,416$1,282
12 years$2,026$1,792$1,582$1,394$1,227$1,099
13 years$1,851$1,619$1,414$1,231$1,070$948
14 years$1,701$1,472$1,270$1,093$938$822
15 years$1,571$1,345$1,147$975$826$716
16 years$1,458$1,234$1,040$873$730$625
17 years$1,358$1,136$946$784$647$548
18 years$1,269$1,050$864$707$575$482
19 years$1,189$973$791$638$513$424
20 years$1,118$904$726$578$458$374
21 years$1,054$842$667$525$410$331
22 years$995$786$615$477$367$293
23 years$942$735$568$435$330$260
24 years$893$689$525$396$296$230
25 years$848$647$486$362$267$205
26 years$807$608$451$331$240$182
27 years$769$572$419$303$217$162
28 years$733$539$389$278$195$144
29 years$700$508$362$255$177$128
30 years$670$480$338$234$159$114
31 years$641$454$315$215$144$102
32 years$614$429$294$197$130$91
33 years$589$407$274$181$118$81
34 years$566$385$256$167$107$73
35 years$543$366$240$154$97$65
36 years$523$347$224$141$88$58
37 years$503$330$210$130$79$52
38 years$484$313$196$120$72$46
39 years$467$298$184$111$65$41
40 years$450$283$172$102$59$37
41 years$434$270$162$94$54$33
42 years$419$257$152$87$49$30
43 years$405$245$142$80$44$26
44 years$391$233$134$74$40$24
45 years$378$222$125$68$36$21
46 years$366$212$118$63$33$19
47 years$354$203$111$58$30$17
48 years$342$193$104$54$27$15
49 years$332$185$98$50$25$14
50 years$321$176$92$46$23$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $329,000, adding $6,895 every year, while hoping to spend $27,143 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: 35/44/21 Blend
63$329,000$329,000$329,000$329,000
64$369,670$352,233$347,134$380,041
65$378,497$340,613$329,883$376,652
66$387,314$327,513$311,144$369,998
67$396,092$312,833$290,839$362,262
68$404,797$296,466$268,887$353,363
69$413,392$278,298$245,200$343,216
70$421,834$258,211$219,690$331,730
71$430,074$236,077$192,263$318,807
72$438,059$211,762$162,821$304,345
73$445,729$185,126$131,263$288,233
74$453,014$156,018$97,482$270,351
75$459,841$124,282$61,366$250,575
76$466,123$89,750$22,801$228,769
77$471,766$52,247$0$204,789
78$476,665$11,586$0$182,595
79$480,702$0$0$163,629
80$483,747$0$0$158,331
81$485,653$0$0$158,177
82$486,260$0$0$157,493
83$485,388$0$0$156,210
84$482,836$0$0$154,249
85$478,385$0$0$151,525
86$471,788$0$0$147,941
87$462,773$0$0$143,392
88$451,038$0$0$137,760
89$436,251$0$0$130,916
90$418,040$0$0$122,716
91$395,996$0$0$113,000
92$369,666$0$0$101,593
93$338,549$0$0$88,300
94$302,090$0$0$72,906
95$259,675$0$0$55,173
96$210,628$0$0$34,839
97$154,199$0$0$11,612
98$89,560$0$0$0
99$15,796$0$0$0
100$0$0$0$0