Can I retire at age 64 with 457,000?

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 $457,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.5%
1 years$37,739$37,402$37,075$36,754$36,442$36,061
2 years$18,682$18,335$17,997$17,670$17,353$16,970
3 years$12,331$11,982$11,645$11,322$11,010$10,636
4 years$9,156$8,808$8,475$8,157$7,852$7,490
5 years$7,252$6,906$6,577$6,265$5,969$5,620
6 years$5,983$5,639$5,315$5,010$4,723$4,388
7 years$5,076$4,736$4,417$4,119$3,841$3,520
8 years$4,397$4,059$3,746$3,455$3,187$2,879
9 years$3,869$3,534$3,226$2,943$2,684$2,389
10 years$3,447$3,115$2,813$2,537$2,287$2,006
11 years$3,101$2,773$2,476$2,208$1,967$1,699
12 years$2,814$2,489$2,198$1,937$1,704$1,449
13 years$2,571$2,250$1,963$1,710$1,486$1,244
14 years$2,363$2,045$1,764$1,518$1,303$1,073
15 years$2,182$1,868$1,593$1,354$1,147$929
16 years$2,025$1,714$1,444$1,212$1,014$807
17 years$1,886$1,578$1,314$1,089$899$704
18 years$1,762$1,458$1,200$981$799$615
19 years$1,652$1,352$1,098$887$712$538
20 years$1,553$1,256$1,008$803$636$472
21 years$1,464$1,170$927$729$569$415
22 years$1,382$1,092$854$663$510$365
23 years$1,308$1,021$789$604$458$322
24 years$1,241$957$730$551$412$284
25 years$1,178$898$676$503$371$250
26 years$1,121$844$627$460$334$221
27 years$1,068$794$582$421$301$196
28 years$1,019$749$541$386$272$173
29 years$973$706$503$354$245$153
30 years$930$667$469$324$222$136
31 years$890$630$437$298$200$120
32 years$853$597$408$274$181$106
33 years$818$565$381$252$164$94
34 years$786$535$356$232$148$84
35 years$755$508$333$213$134$74
36 years$726$482$311$196$122$66
37 years$698$458$291$181$110$58
38 years$673$435$273$167$100$52
39 years$648$414$256$154$91$46
40 years$625$394$240$142$82$41
41 years$603$375$225$131$75$36
42 years$582$357$211$121$68$32
43 years$562$340$198$112$62$29
44 years$543$324$186$103$56$25
45 years$525$309$174$95$51$23
46 years$508$295$164$88$46$20
47 years$491$281$154$81$42$18
48 years$476$269$145$75$38$16
49 years$461$256$136$69$34$14
50 years$446$245$128$64$31$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $457,000, adding $3,877 every year, while hoping to spend $28,962 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: 37/34/29 Blend
63$457,000$457,000$457,000$457,000
64$507,613$483,392$476,309$521,881
65$528,574$476,263$461,450$525,664
66$550,703$467,814$445,122$526,842
67$574,087$457,949$427,246$527,565
68$598,824$446,569$407,739$527,812
69$625,019$433,565$386,513$527,561
70$652,786$418,826$363,477$526,792
71$682,253$402,230$338,536$525,485
72$713,555$383,653$311,589$523,621
73$746,845$362,959$282,535$521,183
74$782,286$340,006$251,262$518,155
75$820,059$314,646$217,659$514,523
76$860,361$286,720$181,607$510,275
77$903,409$256,060$142,982$505,402
78$949,439$222,489$101,654$499,901
79$998,711$185,821$57,489$493,770
80$1,051,511$145,858$10,346$487,011
81$1,108,150$102,390$0$479,636
82$1,168,973$55,198$0$484,024
83$1,234,355$4,050$0$492,052
84$1,304,709$0$0$500,597
85$1,380,490$0$0$528,945
86$1,462,195$0$0$561,190
87$1,550,373$0$0$596,041
88$1,645,624$0$0$633,741
89$1,748,610$0$0$674,560
90$1,860,057$0$0$718,791
91$1,980,764$0$0$766,760
92$2,111,610$0$0$818,823
93$2,253,558$0$0$875,373
94$2,407,673$0$0$936,842
95$2,575,121$0$0$1,003,704
96$2,757,187$0$0$1,076,482
97$2,955,285$0$0$1,155,751
98$3,170,971$0$0$1,242,143
99$3,405,955$0$0$1,336,356
100$3,662,122$0$0$1,439,155