Can I retire at age 64 with 430,000?

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 $430,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.3%
1 years$35,509$35,193$34,884$34,583$34,289$33,679
2 years$17,579$17,251$16,934$16,626$16,328$15,716
3 years$11,603$11,274$10,957$10,653$10,359$9,764
4 years$8,615$8,288$7,974$7,675$7,388$6,814
5 years$6,823$6,498$6,188$5,895$5,616$5,065
6 years$5,629$5,306$5,001$4,714$4,444$3,916
7 years$4,776$4,456$4,156$3,876$3,614$3,110
8 years$4,137$3,819$3,525$3,251$2,998$2,517
9 years$3,640$3,325$3,036$2,769$2,525$2,067
10 years$3,243$2,931$2,647$2,387$2,151$1,716
11 years$2,918$2,610$2,330$2,078$1,850$1,438
12 years$2,648$2,342$2,068$1,822$1,603$1,212
13 years$2,419$2,117$1,847$1,609$1,398$1,028
14 years$2,223$1,924$1,660$1,428$1,226$876
15 years$2,053$1,758$1,499$1,274$1,079$750
16 years$1,905$1,613$1,359$1,140$954$643
17 years$1,774$1,485$1,236$1,025$846$554
18 years$1,658$1,372$1,129$923$752$477
19 years$1,555$1,272$1,033$834$670$413
20 years$1,461$1,182$948$756$599$357
21 years$1,377$1,101$872$686$536$310
22 years$1,301$1,028$804$624$480$269
23 years$1,231$961$742$568$431$233
24 years$1,167$900$686$518$387$203
25 years$1,109$845$636$473$349$177
26 years$1,055$794$590$433$314$154
27 years$1,005$747$548$396$283$134
28 years$958$704$509$363$255$117
29 years$915$664$474$333$231$102
30 years$875$627$441$305$208$89
31 years$838$593$411$280$188$78
32 years$803$561$384$258$170$68
33 years$770$532$358$237$154$59
34 years$739$504$335$218$140$52
35 years$710$478$313$201$127$45
36 years$683$454$293$185$115$39
37 years$657$431$274$170$104$35
38 years$633$409$257$157$94$30
39 years$610$389$240$145$85$26
40 years$588$370$225$133$77$23
41 years$567$353$211$123$70$20
42 years$547$336$198$114$64$18
43 years$529$320$186$105$58$15
44 years$511$305$175$97$53$13
45 years$494$291$164$89$48$12
46 years$478$277$154$83$43$10
47 years$462$265$145$76$39$9
48 years$447$253$136$71$36$8
49 years$433$241$128$65$32$7
50 years$420$231$120$60$29$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $430,000, adding $6,684 every year, while hoping to spend $28,461 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: 50/42/8 Blend
63$430,000$430,000$430,000$430,000
64$480,755$457,965$451,300$503,467
65$499,509$450,123$436,136$511,853
66$519,223$440,942$419,510$517,367
67$539,964$430,328$401,344$522,690
68$561,805$418,179$381,554$527,811
69$584,827$404,388$360,054$532,720
70$609,118$388,841$336,754$537,408
71$634,772$371,419$311,559$541,867
72$661,894$351,994$284,372$546,091
73$690,597$330,432$255,088$550,073
74$721,006$306,590$223,601$553,812
75$753,255$280,320$189,799$557,306
76$787,492$251,461$153,563$560,557
77$823,881$219,847$114,771$563,571
78$862,597$185,300$73,296$566,356
79$903,834$147,632$29,004$568,926
80$947,805$106,646$0$571,299
81$994,743$62,133$0$575,059
82$1,044,901$13,871$0$581,420
83$1,098,559$0$0$587,955
84$1,156,023$0$0$612,458
85$1,217,629$0$0$645,631
86$1,283,745$0$0$681,264
87$1,354,775$0$0$719,581
88$1,431,163$0$0$760,823
89$1,513,396$0$0$805,259
90$1,602,009$0$0$853,184
91$1,697,589$0$0$904,918
92$1,800,782$0$0$960,818
93$1,912,296$0$0$1,021,273
94$2,032,912$0$0$1,086,712
95$2,163,486$0$0$1,157,605
96$2,304,960$0$0$1,234,472
97$2,458,370$0$0$1,317,880
98$2,624,853$0$0$1,408,457
99$2,805,664$0$0$1,506,892
100$3,002,179$0$0$1,613,942