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%14.3%
1 years$37,656$37,321$36,993$36,674$36,362$35,716
2 years$18,642$18,294$17,958$17,632$17,315$16,666
3 years$12,304$11,956$11,620$11,297$10,986$10,354
4 years$9,136$8,789$8,456$8,139$7,835$7,226
5 years$7,236$6,890$6,562$6,251$5,956$5,371
6 years$5,969$5,627$5,303$4,999$4,713$4,153
7 years$5,065$4,725$4,407$4,110$3,833$3,298
8 years$4,387$4,050$3,738$3,448$3,180$2,670
9 years$3,860$3,527$3,219$2,937$2,678$2,192
10 years$3,439$3,108$2,807$2,532$2,282$1,820
11 years$3,094$2,767$2,471$2,203$1,962$1,524
12 years$2,808$2,484$2,193$1,933$1,700$1,286
13 years$2,565$2,245$1,959$1,706$1,483$1,091
14 years$2,357$2,040$1,760$1,515$1,300$929
15 years$2,177$1,864$1,589$1,351$1,144$795
16 years$2,020$1,710$1,441$1,209$1,011$682
17 years$1,882$1,575$1,311$1,087$897$587
18 years$1,759$1,455$1,197$979$797$506
19 years$1,649$1,349$1,096$885$711$438
20 years$1,550$1,253$1,006$801$635$379
21 years$1,460$1,167$925$727$568$328
22 years$1,379$1,090$853$661$509$285
23 years$1,305$1,019$787$602$457$248
24 years$1,238$955$728$549$411$215
25 years$1,176$896$674$502$370$187
26 years$1,118$842$625$459$333$163
27 years$1,065$793$581$420$300$142
28 years$1,016$747$540$385$271$124
29 years$971$705$502$353$245$108
30 years$928$665$468$324$221$94
31 years$889$629$436$297$200$82
32 years$851$595$407$273$181$72
33 years$817$564$380$251$164$63
34 years$784$534$355$231$148$55
35 years$753$507$332$213$134$48
36 years$724$481$311$196$122$42
37 years$697$457$291$181$110$37
38 years$671$434$272$166$100$32
39 years$647$413$255$153$91$28
40 years$623$393$239$142$82$24
41 years$601$374$224$131$75$21
42 years$581$356$210$121$68$19
43 years$561$339$197$111$61$16
44 years$542$323$185$103$56$14
45 years$524$308$174$95$51$13
46 years$507$294$163$88$46$11
47 years$490$281$153$81$42$10
48 years$475$268$144$75$38$8
49 years$460$256$136$69$34$7
50 years$445$244$127$64$31$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $456,000, adding $4,032 every year, while hoping to spend $24,606 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: 60/31/9 Blend
63$456,000$456,000$456,000$456,000
64$506,671$482,503$475,435$535,808
65$532,171$479,965$465,181$553,299
66$559,447$476,478$453,760$569,203
67$588,655$471,970$441,105$585,939
68$619,964$466,363$427,148$603,589
69$653,562$459,576$411,819$622,243
70$689,653$451,523$395,043$642,002
71$728,462$442,112$376,742$662,977
72$770,237$431,247$356,834$685,292
73$815,248$418,825$335,235$709,086
74$863,793$404,738$311,855$734,512
75$916,200$388,870$286,602$761,741
76$972,828$371,099$259,379$790,962
77$1,034,071$351,298$230,083$822,384
78$1,100,365$329,331$198,609$856,241
79$1,172,187$305,052$164,847$892,792
80$1,250,061$278,311$128,681$932,324
81$1,334,565$248,947$89,990$975,155
82$1,426,335$216,789$48,648$1,021,637
83$1,526,067$181,658$4,524$1,072,163
84$1,634,531$143,364$0$1,127,165
85$1,752,572$101,707$0$1,191,212
86$1,881,119$56,476$0$1,261,478
87$2,021,197$7,447$0$1,338,132
88$2,173,930$0$0$1,421,841
89$2,340,560$0$0$1,528,906
90$2,522,450$0$0$1,648,584
91$2,721,101$0$0$1,779,326
92$2,938,169$0$0$1,922,225
93$3,175,471$0$0$2,078,484
94$3,435,014$0$0$2,249,427
95$3,719,002$0$0$2,436,514
96$4,029,866$0$0$2,641,349
97$4,370,282$0$0$2,865,701
98$4,743,195$0$0$3,111,517
99$5,151,850$0$0$3,380,942
100$5,599,821$0$0$3,676,338