Can I retire at age 64 with 373,000?

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 $373,000?

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$30,802$30,528$30,260$29,999$29,744$29,179
2 years$15,249$14,965$14,689$14,422$14,164$13,597
3 years$10,065$9,779$9,505$9,241$8,986$8,435
4 years$7,473$7,189$6,917$6,657$6,409$5,878
5 years$5,919$5,636$5,368$5,113$4,872$4,362
6 years$4,883$4,602$4,338$4,089$3,855$3,367
7 years$4,143$3,865$3,605$3,362$3,135$2,669
8 years$3,589$3,313$3,057$2,820$2,601$2,157
9 years$3,158$2,885$2,633$2,402$2,190$1,768
10 years$2,813$2,543$2,296$2,071$1,866$1,465
11 years$2,531$2,264$2,021$1,802$1,605$1,225
12 years$2,297$2,032$1,794$1,581$1,391$1,031
13 years$2,098$1,836$1,603$1,396$1,213$873
14 years$1,928$1,669$1,440$1,239$1,063$742
15 years$1,781$1,525$1,300$1,105$936$634
16 years$1,653$1,399$1,179$989$827$543
17 years$1,539$1,288$1,073$889$734$466
18 years$1,439$1,190$979$801$652$401
19 years$1,349$1,103$896$724$581$346
20 years$1,268$1,025$823$656$519$299
21 years$1,195$955$757$595$465$258
22 years$1,128$891$697$541$417$224
23 years$1,068$834$644$493$374$194
24 years$1,012$781$595$449$336$168
25 years$962$733$552$410$302$146
26 years$915$689$512$375$272$127
27 years$871$648$475$343$246$110
28 years$831$611$442$315$222$96
29 years$794$576$411$289$200$83
30 years$759$544$383$265$181$73
31 years$727$515$357$243$163$63
32 years$696$487$333$224$148$55
33 years$668$461$311$206$134$48
34 years$641$437$290$189$121$42
35 years$616$414$272$174$110$36
36 years$592$393$254$160$99$32
37 years$570$374$238$148$90$28
38 years$549$355$223$136$82$24
39 years$529$338$209$126$74$21
40 years$510$321$196$116$67$18
41 years$492$306$183$107$61$16
42 years$475$291$172$99$55$14
43 years$459$277$161$91$50$12
44 years$443$265$151$84$46$11
45 years$428$252$142$78$41$9
46 years$414$241$134$72$38$8
47 years$401$230$126$66$34$7
48 years$388$219$118$61$31$6
49 years$376$209$111$57$28$5
50 years$364$200$104$52$26$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $373,000, adding $4,613 every year, while hoping to spend $22,327 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: 61/21/18 Blend
63$373,000$373,000$373,000$373,000
64$415,804$396,035$390,254$438,980
65$434,461$391,685$379,572$450,815
66$454,272$386,374$367,783$460,828
67$475,331$380,030$354,828$471,238
68$497,743$372,580$340,643$482,086
69$521,619$363,943$325,161$493,418
70$547,084$354,035$308,313$505,285
71$574,272$342,769$290,027$517,747
72$603,332$330,048$270,227$530,867
73$634,427$315,775$248,834$544,718
74$667,734$299,844$225,766$559,382
75$703,449$282,142$200,935$574,950
76$741,786$262,553$174,252$591,522
77$782,982$240,952$145,623$609,213
78$827,293$217,206$114,949$628,148
79$875,005$191,177$82,128$648,469
80$926,428$162,717$47,052$670,332
81$981,905$131,671$9,609$693,914
82$1,041,811$97,875$0$719,408
83$1,106,560$61,155$0$752,861
84$1,176,605$21,328$0$791,033
85$1,252,446$0$0$832,369
86$1,334,632$0$0$882,231
87$1,423,765$0$0$941,678
88$1,520,509$0$0$1,006,226
89$1,625,594$0$0$1,076,365
90$1,739,822$0$0$1,152,636
91$1,864,077$0$0$1,235,630
92$1,999,330$0$0$1,326,000
93$2,146,650$0$0$1,424,465
94$2,307,213$0$0$1,531,814
95$2,482,314$0$0$1,648,917
96$2,673,378$0$0$1,776,733
97$2,881,973$0$0$1,916,313
98$3,109,827$0$0$2,068,819
99$3,358,839$0$0$2,235,527
100$3,631,102$0$0$2,417,844