Can I retire at age 64 with 456,000?

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 $456,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.9%
1 years$37,656$37,321$36,993$36,674$36,362$36,072
2 years$18,642$18,294$17,958$17,632$17,315$17,023
3 years$12,304$11,956$11,620$11,297$10,986$10,700
4 years$9,136$8,789$8,456$8,139$7,835$7,559
5 years$7,236$6,890$6,562$6,251$5,956$5,689
6 years$5,969$5,627$5,303$4,999$4,713$4,456
7 years$5,065$4,725$4,407$4,110$3,833$3,586
8 years$4,387$4,050$3,738$3,448$3,180$2,944
9 years$3,860$3,527$3,219$2,937$2,678$2,452
10 years$3,439$3,108$2,807$2,532$2,282$2,066
11 years$3,094$2,767$2,471$2,203$1,962$1,756
12 years$2,808$2,484$2,193$1,933$1,700$1,504
13 years$2,565$2,245$1,959$1,706$1,483$1,296
14 years$2,357$2,040$1,760$1,515$1,300$1,122
15 years$2,177$1,864$1,589$1,351$1,144$975
16 years$2,020$1,710$1,441$1,209$1,011$851
17 years$1,882$1,575$1,311$1,087$897$745
18 years$1,759$1,455$1,197$979$797$654
19 years$1,649$1,349$1,096$885$711$575
20 years$1,550$1,253$1,006$801$635$506
21 years$1,460$1,167$925$727$568$447
22 years$1,379$1,090$853$661$509$395
23 years$1,305$1,019$787$602$457$350
24 years$1,238$955$728$549$411$310
25 years$1,176$896$674$502$370$275
26 years$1,118$842$625$459$333$244
27 years$1,065$793$581$420$300$217
28 years$1,016$747$540$385$271$193
29 years$971$705$502$353$245$171
30 years$928$665$468$324$221$152
31 years$889$629$436$297$200$136
32 years$851$595$407$273$181$121
33 years$817$564$380$251$164$108
34 years$784$534$355$231$148$96
35 years$753$507$332$213$134$86
36 years$724$481$311$196$122$76
37 years$697$457$291$181$110$68
38 years$671$434$272$166$100$61
39 years$647$413$255$153$91$54
40 years$623$393$239$142$82$48
41 years$601$374$224$131$75$43
42 years$581$356$210$121$68$39
43 years$561$339$197$111$61$34
44 years$542$323$185$103$56$31
45 years$524$308$174$95$51$27
46 years$507$294$163$88$46$24
47 years$490$281$153$81$42$22
48 years$475$268$144$75$38$20
49 years$460$256$136$69$34$17
50 years$445$244$127$64$31$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $456,000, adding $6,498 every year, while hoping to spend $24,763 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: 83/11/6 Blend
63$456,000$456,000$456,000$456,000
64$509,215$485,047$477,979$550,750
65$534,807$482,466$467,643$576,262
66$562,180$478,930$456,132$600,254
67$591,488$474,363$443,379$625,822
68$622,903$468,691$429,315$653,111
69$656,612$461,829$413,869$682,277
70$692,819$453,691$396,967$713,494
71$731,750$444,186$378,529$746,952
72$773,653$433,215$358,474$782,861
73$818,798$420,675$336,715$821,452
74$867,485$406,457$313,164$862,980
75$920,040$390,445$287,727$907,727
76$976,824$372,517$260,306$956,000
77$1,038,233$352,544$230,799$1,008,141
78$1,104,701$330,387$199,100$1,064,526
79$1,176,708$305,902$165,096$1,125,567
80$1,254,777$278,937$128,672$1,191,722
81$1,339,488$249,329$89,706$1,263,493
82$1,431,477$216,906$48,072$1,341,434
83$1,531,442$181,489$3,637$1,426,155
84$1,640,153$142,886$0$1,518,330
85$1,758,456$100,895$0$1,621,504
86$1,887,283$55,304$0$1,734,122
87$2,027,659$5,887$0$1,856,864
88$2,180,711$0$0$1,990,733
89$2,347,680$0$0$2,142,596
90$2,529,933$0$0$2,309,147
91$2,728,974$0$0$2,491,048
92$2,946,459$0$0$2,689,813
93$3,184,209$0$0$2,907,110
94$3,444,232$0$0$3,144,774
95$3,728,737$0$0$3,404,825
96$4,040,157$0$0$3,689,490
97$4,381,172$0$0$4,001,217
98$4,754,731$0$0$4,342,705
99$5,164,083$0$0$4,716,926
100$5,612,807$0$0$5,127,152