Can I retire at age 64 with 361,000?

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 $361,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.1%
1 years$29,811$29,546$29,286$29,034$28,787$27,732
2 years$14,758$14,483$14,217$13,958$13,708$12,657
3 years$9,741$9,465$9,199$8,943$8,697$7,683
4 years$7,233$6,958$6,695$6,443$6,203$5,234
5 years$5,728$5,455$5,195$4,949$4,715$3,793
6 years$4,726$4,454$4,199$3,958$3,731$2,857
7 years$4,010$3,741$3,489$3,254$3,034$2,208
8 years$3,473$3,207$2,959$2,730$2,517$1,738
9 years$3,056$2,792$2,549$2,325$2,120$1,386
10 years$2,723$2,461$2,222$2,004$1,806$1,117
11 years$2,450$2,191$1,956$1,744$1,553$907
12 years$2,223$1,966$1,736$1,530$1,346$741
13 years$2,031$1,777$1,551$1,351$1,174$609
14 years$1,866$1,615$1,394$1,199$1,029$502
15 years$1,724$1,476$1,258$1,069$906$415
16 years$1,599$1,354$1,141$957$801$344
17 years$1,490$1,247$1,038$860$710$286
18 years$1,392$1,152$948$775$631$238
19 years$1,305$1,068$867$701$563$198
20 years$1,227$992$796$634$503$166
21 years$1,156$924$732$576$450$138
22 years$1,092$863$675$524$403$116
23 years$1,033$807$623$477$362$97
24 years$980$756$576$435$325$81
25 years$931$709$534$397$293$68
26 years$885$667$495$363$264$57
27 years$843$628$460$332$238$48
28 years$805$591$427$305$214$40
29 years$768$558$398$279$194$34
30 years$735$527$370$256$175$28
31 years$703$498$345$235$158$24
32 years$674$471$322$216$143$20
33 years$646$446$301$199$130$17
34 years$621$423$281$183$117$14
35 years$596$401$263$168$106$12
36 years$573$381$246$155$96$10
37 years$552$362$230$143$87$8
38 years$531$344$215$132$79$7
39 years$512$327$202$122$72$6
40 years$494$311$189$112$65$5
41 years$476$296$177$103$59$4
42 years$460$282$166$95$54$3
43 years$444$269$156$88$49$3
44 years$429$256$147$81$44$2
45 years$415$244$138$75$40$2
46 years$401$233$129$69$36$2
47 years$388$222$121$64$33$1
48 years$376$212$114$59$30$1
49 years$364$203$107$55$27$1
50 years$352$194$101$51$25$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $361,000, adding $6,379 every year, while hoping to spend $29,534 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: 43/34/23 Blend
63$361,000$361,000$361,000$361,000
64$404,402$385,269$379,673$418,841
65$414,227$372,723$360,969$417,169
66$424,064$358,573$340,647$412,021
67$433,884$342,708$318,624$405,850
68$443,652$325,013$294,810$398,579
69$453,330$305,364$269,112$390,122
70$462,875$283,632$241,432$380,391
71$472,237$259,679$211,669$369,289
72$481,362$233,360$179,717$356,712
73$490,188$204,521$145,464$342,550
74$498,646$173,001$108,796$326,686
75$506,658$138,628$69,590$308,993
76$514,137$101,221$27,721$289,335
77$520,986$60,588$0$267,567
78$527,098$16,529$0$247,696
79$532,353$0$0$232,922
80$536,615$0$0$227,953
81$539,735$0$0$228,603
82$541,548$0$0$228,606
83$541,869$0$0$227,876
84$540,493$0$0$226,314
85$537,192$0$0$223,811
86$531,713$0$0$220,246
87$523,778$0$0$215,487
88$513,074$0$0$209,385
89$499,259$0$0$201,775
90$481,951$0$0$192,477
91$460,728$0$0$181,290
92$435,123$0$0$167,990
93$404,620$0$0$152,333
94$368,647$0$0$134,046
95$326,571$0$0$112,827
96$277,694$0$0$88,346
97$221,242$0$0$60,233
98$156,361$0$0$28,084
99$82,108$0$0$0
100$0$0$0$0