Can I retire at age 64 with 455,000?

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 $455,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.9%
1 years$37,573$37,239$36,912$36,594$36,282$35,262
2 years$18,601$18,254$17,919$17,593$17,277$16,257
3 years$12,277$11,929$11,595$11,272$10,961$9,974
4 years$9,116$8,769$8,438$8,121$7,818$6,870
5 years$7,220$6,875$6,548$6,238$5,943$5,037
6 years$5,956$5,614$5,292$4,988$4,702$3,840
7 years$5,054$4,715$4,398$4,101$3,824$3,005
8 years$4,378$4,041$3,729$3,440$3,173$2,396
9 years$3,852$3,519$3,212$2,930$2,672$1,937
10 years$3,431$3,102$2,800$2,526$2,277$1,582
11 years$3,088$2,761$2,465$2,198$1,958$1,304
12 years$2,801$2,478$2,188$1,928$1,697$1,081
13 years$2,559$2,240$1,955$1,702$1,480$901
14 years$2,352$2,036$1,756$1,511$1,297$754
15 years$2,173$1,860$1,586$1,348$1,142$634
16 years$2,016$1,706$1,438$1,207$1,009$534
17 years$1,878$1,571$1,308$1,084$895$451
18 years$1,755$1,452$1,194$977$796$381
19 years$1,645$1,346$1,093$883$709$323
20 years$1,546$1,251$1,003$800$633$274
21 years$1,457$1,165$923$726$567$233
22 years$1,376$1,087$851$660$508$198
23 years$1,303$1,017$785$601$456$169
24 years$1,235$953$726$548$410$144
25 years$1,173$894$673$501$369$123
26 years$1,116$840$624$458$332$105
27 years$1,063$791$579$419$300$89
28 years$1,014$745$539$384$270$76
29 years$969$703$501$352$244$65
30 years$926$664$467$323$221$56
31 years$887$628$435$297$199$47
32 years$850$594$406$273$180$41
33 years$815$562$379$251$163$35
34 years$782$533$354$231$148$30
35 years$752$506$331$212$134$25
36 years$723$480$310$196$121$22
37 years$695$456$290$180$110$19
38 years$670$433$272$166$100$16
39 years$645$412$254$153$90$14
40 years$622$392$239$141$82$12
41 years$600$373$224$130$74$10
42 years$579$355$210$120$67$8
43 years$559$338$197$111$61$7
44 years$541$323$185$103$56$6
45 years$523$308$174$95$50$5
46 years$505$294$163$87$46$5
47 years$489$280$153$81$42$4
48 years$473$267$144$75$38$3
49 years$459$255$135$69$34$3
50 years$444$244$127$64$31$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $455,000, adding $4,924 every year, while hoping to spend $25,339 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: 56/28/16 Blend
63$455,000$455,000$455,000$455,000
64$506,489$482,374$475,322$532,460
65$531,190$479,050$464,284$547,343
66$557,562$474,714$452,028$560,382
67$585,748$469,289$438,485$574,010
68$615,905$462,695$423,585$588,289
69$648,206$454,845$407,254$603,287
70$682,840$445,650$389,414$619,083
71$720,015$435,012$369,985$635,762
72$759,959$422,830$348,882$653,423
73$802,922$408,996$326,017$672,172
74$849,179$393,396$301,297$692,132
75$899,031$375,908$274,627$713,436
76$952,810$356,406$245,905$736,234
77$1,010,881$334,754$215,026$760,696
78$1,073,642$310,808$181,881$787,007
79$1,141,534$284,418$146,355$815,375
80$1,215,040$255,424$108,327$846,033
81$1,294,691$223,657$67,673$879,237
82$1,381,072$188,938$24,262$915,275
83$1,474,825$151,080$0$954,464
84$1,576,656$109,882$0$1,000,927
85$1,687,343$65,134$0$1,055,955
86$1,807,741$16,615$0$1,115,863
87$1,938,791$0$0$1,181,163
88$2,081,528$0$0$1,263,486
89$2,237,090$0$0$1,358,824
90$2,406,733$0$0$1,462,829
91$2,591,835$0$0$1,576,353
92$2,793,915$0$0$1,700,332
93$3,014,645$0$0$1,835,798
94$3,255,866$0$0$1,983,886
95$3,519,604$0$0$2,145,844
96$3,808,090$0$0$2,323,050
97$4,123,780$0$0$2,517,018
98$4,469,380$0$0$2,729,418
99$4,847,867$0$0$2,962,085
100$5,262,522$0$0$3,217,043