Can I retire at age 64 with 391,000?

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 $391,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.4%
1 years$32,288$32,001$31,720$31,446$31,179$30,995
2 years$15,984$15,687$15,398$15,118$14,847$14,662
3 years$10,550$10,251$9,964$9,687$9,420$9,239
4 years$7,834$7,536$7,251$6,979$6,718$6,543
5 years$6,204$5,908$5,627$5,360$5,107$4,938
6 years$5,119$4,825$4,547$4,287$4,041$3,878
7 years$4,343$4,052$3,779$3,524$3,286$3,129
8 years$3,762$3,473$3,205$2,956$2,726$2,576
9 years$3,310$3,024$2,760$2,518$2,296$2,152
10 years$2,949$2,665$2,407$2,171$1,956$1,818
11 years$2,653$2,373$2,119$1,889$1,683$1,550
12 years$2,407$2,130$1,880$1,657$1,458$1,332
13 years$2,199$1,925$1,680$1,463$1,271$1,151
14 years$2,021$1,749$1,509$1,299$1,115$1,000
15 years$1,867$1,598$1,363$1,158$981$872
16 years$1,732$1,466$1,236$1,037$867$764
17 years$1,613$1,350$1,124$932$769$671
18 years$1,508$1,248$1,026$840$684$591
19 years$1,414$1,156$940$759$609$521
20 years$1,329$1,075$862$687$544$461
21 years$1,252$1,001$793$624$487$408
22 years$1,183$934$731$567$437$362
23 years$1,119$874$675$516$392$322
24 years$1,061$819$624$471$352$286
25 years$1,008$768$578$430$317$255
26 years$959$722$536$393$286$227
27 years$914$680$498$360$257$203
28 years$871$640$463$330$232$181
29 years$832$604$431$302$210$161
30 years$796$571$401$278$190$144
31 years$762$539$374$255$171$129
32 years$730$510$349$234$155$115
33 years$700$483$326$215$140$103
34 years$672$458$304$198$127$92
35 years$646$434$285$182$115$83
36 years$621$412$266$168$104$74
37 years$598$392$249$155$94$66
38 years$575$372$233$143$86$59
39 years$554$354$219$132$78$53
40 years$535$337$205$121$70$48
41 years$516$321$192$112$64$43
42 years$498$305$180$103$58$38
43 years$481$291$169$95$53$34
44 years$465$277$159$88$48$31
45 years$449$264$149$81$43$28
46 years$434$252$140$75$39$25
47 years$420$241$132$69$36$22
48 years$407$230$124$64$32$20
49 years$394$219$116$59$29$18
50 years$382$210$109$55$27$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $391,000, adding $4,595 every year, while hoping to spend $30,593 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: 47/36/17 Blend
63$391,000$391,000$391,000$391,000
64$435,622$414,899$408,838$453,801
65$447,504$402,678$389,984$454,686
66$459,574$388,833$369,472$452,178
67$471,817$373,252$347,216$448,800
68$484,217$355,817$323,123$444,484
69$496,757$336,402$297,097$439,154
70$509,416$314,875$269,039$432,734
71$522,168$291,096$238,844$425,139
72$534,986$264,916$206,402$416,280
73$547,838$236,180$171,599$406,061
74$560,686$204,722$134,317$394,379
75$573,489$170,366$94,430$381,125
76$586,200$132,929$51,808$366,182
77$598,766$92,216$6,317$349,425
78$611,125$48,020$0$330,720
79$623,210$123$0$317,585
80$634,946$0$0$303,926
81$646,245$0$0$308,943
82$657,013$0$0$313,708
83$667,143$0$0$318,117
84$676,513$0$0$322,107
85$684,991$0$0$325,607
86$692,427$0$0$328,539
87$698,655$0$0$330,817
88$703,489$0$0$332,343
89$706,724$0$0$333,010
90$708,131$0$0$332,698
91$707,455$0$0$331,274
92$704,413$0$0$328,592
93$698,693$0$0$324,487
94$689,945$0$0$318,778
95$677,784$0$0$311,265
96$661,784$0$0$301,724
97$641,469$0$0$289,910
98$616,316$0$0$275,549
99$585,744$0$0$258,339
100$549,111$0$0$237,946