Can I retire at age 64 with 428,000?

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 $428,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.2%
1 years$35,344$35,029$34,722$34,422$34,129$33,957
2 years$17,497$17,171$16,855$16,549$16,252$16,078
3 years$11,549$11,221$10,906$10,603$10,311$10,141
4 years$8,575$8,249$7,937$7,639$7,354$7,189
5 years$6,792$6,467$6,160$5,867$5,590$5,431
6 years$5,603$5,281$4,978$4,692$4,423$4,270
7 years$4,754$4,435$4,137$3,858$3,597$3,450
8 years$4,118$3,802$3,508$3,236$2,984$2,843
9 years$3,623$3,310$3,022$2,757$2,513$2,377
10 years$3,228$2,918$2,634$2,376$2,141$2,011
11 years$2,904$2,597$2,319$2,068$1,842$1,717
12 years$2,635$2,331$2,058$1,814$1,596$1,477
13 years$2,408$2,107$1,839$1,601$1,392$1,278
14 years$2,213$1,915$1,652$1,422$1,220$1,112
15 years$2,044$1,749$1,492$1,268$1,074$971
16 years$1,896$1,605$1,352$1,135$949$852
17 years$1,766$1,478$1,231$1,020$842$749
18 years$1,651$1,366$1,123$919$748$660
19 years$1,547$1,266$1,028$831$667$584
20 years$1,455$1,176$944$752$596$517
21 years$1,371$1,096$868$683$533$459
22 years$1,295$1,023$800$621$478$407
23 years$1,225$957$739$565$429$362
24 years$1,162$896$683$516$386$323
25 years$1,103$841$633$471$347$288
26 years$1,050$791$587$431$313$257
27 years$1,000$744$545$394$282$229
28 years$954$701$507$361$254$205
29 years$911$661$472$331$230$183
30 years$871$625$439$304$207$164
31 years$834$590$409$279$188$147
32 years$799$559$382$256$170$132
33 years$766$529$357$236$154$118
34 years$736$501$333$217$139$106
35 years$707$476$312$200$126$95
36 years$680$451$291$184$114$85
37 years$654$429$273$170$103$76
38 years$630$407$255$156$94$69
39 years$607$387$239$144$85$62
40 years$585$369$224$133$77$55
41 years$565$351$210$123$70$50
42 years$545$334$197$113$63$45
43 years$526$318$185$104$58$40
44 years$509$304$174$96$52$36
45 years$492$289$163$89$47$32
46 years$475$276$153$82$43$29
47 years$460$263$144$76$39$26
48 years$445$252$135$70$36$23
49 years$431$240$127$65$32$21
50 years$418$229$120$60$29$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $428,000, adding $2,358 every year, while hoping to spend $33,917 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: 60/10/30 Blend
63$428,000$428,000$428,000$428,000
64$474,088$451,404$444,770$498,535
65$486,358$437,436$423,583$501,547
66$498,742$421,646$400,548$501,024
67$511,217$403,910$375,570$499,756
68$523,755$384,095$348,545$497,681
69$536,324$362,062$319,368$494,729
70$548,889$337,662$287,926$490,826
71$561,407$310,739$254,103$485,894
72$573,833$281,128$217,778$479,845
73$586,114$248,654$178,824$472,589
74$598,191$213,131$137,108$464,025
75$609,997$174,365$92,492$454,046
76$621,458$132,150$44,831$442,535
77$632,488$86,266$0$429,369
78$642,994$36,486$0$416,343
79$652,870$0$0$416,819
80$661,999$0$0$418,245
81$670,249$0$0$423,087
82$677,474$0$0$427,231
83$683,509$0$0$430,569
84$688,173$0$0$432,980
85$691,264$0$0$434,330
86$692,557$0$0$434,468
87$691,801$0$0$433,229
88$688,719$0$0$430,429
89$683,002$0$0$425,864
90$674,310$0$0$419,306
91$662,262$0$0$410,504
92$646,440$0$0$399,180
93$626,378$0$0$385,025
94$601,560$0$0$367,697
95$571,417$0$0$346,820
96$535,317$0$0$321,974
97$492,561$0$0$292,697
98$442,378$0$0$258,476
99$383,912$0$0$218,747
100$316,220$0$0$172,884