Can I retire at age 64 with 407,000?

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 $407,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.2%
1 years$33,610$33,310$33,018$32,733$32,455$32,156
2 years$16,638$16,329$16,028$15,737$15,455$15,154
3 years$10,982$10,671$10,371$10,083$9,805$9,511
4 years$8,155$7,844$7,548$7,264$6,993$6,708
5 years$6,458$6,150$5,857$5,580$5,316$5,042
6 years$5,328$5,022$4,734$4,462$4,206$3,942
7 years$4,521$4,217$3,934$3,668$3,421$3,168
8 years$3,916$3,615$3,336$3,077$2,838$2,595
9 years$3,446$3,148$2,873$2,621$2,390$2,158
10 years$3,069$2,774$2,505$2,260$2,036$1,815
11 years$2,762$2,470$2,205$1,966$1,751$1,540
12 years$2,506$2,217$1,957$1,725$1,518$1,316
13 years$2,289$2,003$1,749$1,523$1,323$1,132
14 years$2,104$1,821$1,571$1,352$1,160$978
15 years$1,943$1,664$1,419$1,206$1,021$849
16 years$1,803$1,526$1,286$1,079$903$739
17 years$1,679$1,406$1,170$970$800$646
18 years$1,570$1,299$1,068$874$712$565
19 years$1,471$1,204$978$790$634$496
20 years$1,383$1,119$898$715$567$436
21 years$1,304$1,042$826$649$507$384
22 years$1,231$973$761$590$455$339
23 years$1,165$910$703$538$408$299
24 years$1,105$852$650$490$367$264
25 years$1,049$800$602$448$330$234
26 years$998$752$558$409$297$207
27 years$951$707$518$375$268$184
28 years$907$667$482$343$242$163
29 years$866$629$448$315$218$144
30 years$828$594$418$289$197$128
31 years$793$561$389$265$178$114
32 years$760$531$363$244$161$101
33 years$729$503$339$224$146$90
34 years$700$477$317$206$132$80
35 years$672$452$296$190$120$71
36 years$646$429$277$175$108$63
37 years$622$408$259$161$98$56
38 years$599$387$243$149$89$50
39 years$577$368$228$137$81$45
40 years$556$351$213$126$73$40
41 years$537$334$200$117$67$35
42 years$518$318$188$108$60$31
43 years$500$303$176$99$55$28
44 years$484$289$165$92$50$25
45 years$467$275$155$85$45$22
46 years$452$263$146$78$41$20
47 years$438$251$137$72$37$18
48 years$424$239$129$67$34$16
49 years$410$228$121$62$31$14
50 years$397$218$114$57$28$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $407,000, adding $4,924 every year, while hoping to spend $35,085 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: 56/29/15 Blend
63$407,000$407,000$407,000$407,000
64$453,593$432,022$425,714$476,955
65$462,529$415,861$402,645$477,216
66$471,201$397,732$377,627$473,264
67$479,545$377,502$350,559$468,155
68$487,488$355,029$321,332$461,785
69$494,951$330,165$289,836$454,043
70$501,845$302,751$255,954$444,806
71$508,068$272,621$219,563$433,944
72$513,509$239,598$180,537$421,314
73$518,044$203,496$138,743$406,763
74$521,535$164,118$94,041$390,123
75$523,828$121,255$46,287$371,214
76$524,751$74,689$0$349,841
77$524,114$24,188$0$326,538
78$521,706$0$0$308,283
79$517,293$0$0$297,167
80$510,614$0$0$292,351
81$501,381$0$0$285,936
82$489,276$0$0$277,726
83$473,943$0$0$267,501
84$454,991$0$0$255,019
85$431,987$0$0$240,011
86$404,449$0$0$222,179
87$371,848$0$0$201,197
88$333,594$0$0$176,699
89$289,039$0$0$148,284
90$237,464$0$0$115,509
91$178,075$0$0$77,881
92$109,994$0$0$34,859
93$32,253$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0