Can I retire at age 64 with 355,000?

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 $355,000?

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$29,316$29,054$28,800$28,551$28,308$27,771
2 years$14,513$14,242$13,980$13,726$13,480$12,941
3 years$9,579$9,308$9,046$8,795$8,552$8,028
4 years$7,113$6,842$6,583$6,336$6,100$5,594
5 years$5,633$5,364$5,109$4,867$4,637$4,152
6 years$4,647$4,380$4,129$3,892$3,669$3,205
7 years$3,943$3,679$3,431$3,200$2,984$2,541
8 years$3,416$3,153$2,910$2,684$2,475$2,053
9 years$3,005$2,745$2,506$2,286$2,085$1,683
10 years$2,677$2,420$2,185$1,971$1,776$1,395
11 years$2,409$2,154$1,924$1,715$1,528$1,166
12 years$2,186$1,934$1,707$1,504$1,324$981
13 years$1,997$1,747$1,525$1,328$1,154$831
14 years$1,835$1,588$1,370$1,179$1,012$707
15 years$1,695$1,451$1,237$1,052$891$603
16 years$1,573$1,331$1,122$942$787$516
17 years$1,465$1,226$1,021$846$698$443
18 years$1,369$1,133$932$762$621$382
19 years$1,283$1,050$853$689$553$329
20 years$1,207$976$783$624$494$284
21 years$1,137$909$720$566$442$246
22 years$1,074$848$664$515$396$213
23 years$1,016$793$613$469$356$185
24 years$964$743$567$428$320$160
25 years$915$698$525$391$288$139
26 years$871$656$487$357$259$121
27 years$829$617$452$327$234$105
28 years$791$581$420$299$211$91
29 years$756$549$391$275$190$79
30 years$723$518$364$252$172$69
31 years$692$490$340$231$156$60
32 years$663$463$317$213$141$52
33 years$636$439$296$196$127$46
34 years$610$416$276$180$115$40
35 years$586$394$258$166$104$35
36 years$564$374$242$153$95$30
37 years$543$356$226$141$86$26
38 years$522$338$212$130$78$23
39 years$503$321$199$119$71$20
40 years$485$306$186$110$64$17
41 years$468$291$174$102$58$15
42 years$452$277$164$94$53$13
43 years$437$264$154$87$48$12
44 years$422$252$144$80$43$10
45 years$408$240$135$74$39$9
46 years$394$229$127$68$36$8
47 years$382$219$119$63$32$7
48 years$369$209$112$58$29$6
49 years$358$199$106$54$27$5
50 years$347$190$99$50$24$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $355,000, adding $4,761 every year, while hoping to spend $22,641 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: 81/9/10 Blend
63$355,000$355,000$355,000$355,000
64$396,121$377,306$371,803$427,189
65$412,435$371,704$360,169$442,641
66$429,655$365,069$347,386$456,133
67$447,849$357,326$333,392$470,266
68$467,090$348,396$318,122$485,094
69$487,462$338,196$301,507$500,673
70$509,052$326,637$283,477$517,068
71$531,959$313,625$263,957$534,349
72$556,288$299,062$242,869$552,594
73$582,156$282,842$220,131$571,888
74$609,689$264,855$195,659$592,326
75$639,028$244,984$169,365$614,011
76$670,325$223,104$141,154$637,060
77$703,747$199,085$110,931$661,598
78$739,477$172,788$78,595$687,766
79$777,715$144,066$44,040$715,718
80$818,683$112,766$7,156$745,625
81$862,621$78,724$0$777,676
82$909,794$41,767$0$815,514
83$960,493$1,714$0$856,971
84$1,015,037$0$0$901,549
85$1,073,777$0$0$953,665
86$1,137,098$0$0$1,010,035
87$1,205,421$0$0$1,070,865
88$1,279,213$0$0$1,136,572
89$1,358,982$0$0$1,207,609
90$1,445,291$0$0$1,284,478
91$1,538,755$0$0$1,367,730
92$1,640,053$0$0$1,457,968
93$1,749,930$0$0$1,555,858
94$1,869,207$0$0$1,662,133
95$1,998,784$0$0$1,777,596
96$2,139,655$0$0$1,903,133
97$2,292,909$0$0$2,039,718
98$2,459,748$0$0$2,188,422
99$2,641,493$0$0$2,350,424
100$2,839,598$0$0$2,527,022