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%17.5%
1 years$37,656$37,321$36,993$36,674$36,362$35,255
2 years$18,642$18,294$17,958$17,632$17,315$16,209
3 years$12,304$11,956$11,620$11,297$10,986$9,915
4 years$9,136$8,789$8,456$8,139$7,835$6,809
5 years$7,236$6,890$6,562$6,251$5,956$4,977
6 years$5,969$5,627$5,303$4,999$4,713$3,781
7 years$5,065$4,725$4,407$4,110$3,833$2,949
8 years$4,387$4,050$3,738$3,448$3,180$2,343
9 years$3,860$3,527$3,219$2,937$2,678$1,887
10 years$3,439$3,108$2,807$2,532$2,282$1,536
11 years$3,094$2,767$2,471$2,203$1,962$1,261
12 years$2,808$2,484$2,193$1,933$1,700$1,041
13 years$2,565$2,245$1,959$1,706$1,483$864
14 years$2,357$2,040$1,760$1,515$1,300$721
15 years$2,177$1,864$1,589$1,351$1,144$603
16 years$2,020$1,710$1,441$1,209$1,011$506
17 years$1,882$1,575$1,311$1,087$897$425
18 years$1,759$1,455$1,197$979$797$358
19 years$1,649$1,349$1,096$885$711$302
20 years$1,550$1,253$1,006$801$635$255
21 years$1,460$1,167$925$727$568$216
22 years$1,379$1,090$853$661$509$183
23 years$1,305$1,019$787$602$457$155
24 years$1,238$955$728$549$411$131
25 years$1,176$896$674$502$370$111
26 years$1,118$842$625$459$333$95
27 years$1,065$793$581$420$300$80
28 years$1,016$747$540$385$271$68
29 years$971$705$502$353$245$58
30 years$928$665$468$324$221$49
31 years$889$629$436$297$200$42
32 years$851$595$407$273$181$36
33 years$817$564$380$251$164$30
34 years$784$534$355$231$148$26
35 years$753$507$332$213$134$22
36 years$724$481$311$196$122$19
37 years$697$457$291$181$110$16
38 years$671$434$272$166$100$13
39 years$647$413$255$153$91$11
40 years$623$393$239$142$82$10
41 years$601$374$224$131$75$8
42 years$581$356$210$121$68$7
43 years$561$339$197$111$61$6
44 years$542$323$185$103$56$5
45 years$524$308$174$95$51$4
46 years$507$294$163$88$46$4
47 years$490$281$153$81$42$3
48 years$475$268$144$75$38$3
49 years$460$256$136$69$34$2
50 years$445$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 $456,000, adding $5,216 every year, while hoping to spend $41,748 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: 34/42/24 Blend
63$456,000$456,000$456,000$456,000
64$507,892$483,724$476,656$521,306
65$515,278$463,007$448,205$511,040
66$522,017$439,876$417,401$495,822
67$528,001$414,168$384,122$478,575
68$533,106$385,711$348,239$459,144
69$537,197$354,324$309,619$437,366
70$540,120$319,816$268,120$413,065
71$541,708$281,982$223,598$386,051
72$541,773$240,610$175,899$356,123
73$540,105$195,471$124,863$323,062
74$536,474$146,328$70,324$286,636
75$530,624$92,927$12,109$246,593
76$522,268$35,001$0$202,666
77$511,092$0$0$167,372
78$496,746$0$0$144,551
79$478,842$0$0$136,534
80$456,953$0$0$126,981
81$430,603$0$0$115,715
82$399,266$0$0$102,537
83$362,363$0$0$87,228
84$319,251$0$0$69,545
85$269,218$0$0$49,222
86$211,481$0$0$25,962
87$145,170$0$0$0
88$69,328$0$0$0
89$0$0$0$0
90$0$0$0$0
91$0$0$0$0
92$0$0$0$0
93$0$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