Can I retire at age 64 with 458,000?

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 $458,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.9%
1 years$37,821$37,484$37,156$36,835$36,522$36,080
2 years$18,723$18,375$18,037$17,709$17,391$16,947
3 years$12,358$12,008$11,671$11,346$11,034$10,600
4 years$9,176$8,827$8,493$8,174$7,869$7,450
5 years$7,268$6,921$6,591$6,279$5,982$5,579
6 years$5,996$5,651$5,327$5,021$4,733$4,346
7 years$5,087$4,746$4,427$4,128$3,850$3,478
8 years$4,407$4,068$3,754$3,463$3,194$2,839
9 years$3,877$3,542$3,233$2,950$2,689$2,350
10 years$3,454$3,122$2,819$2,543$2,292$1,968
11 years$3,108$2,779$2,482$2,213$1,971$1,663
12 years$2,820$2,495$2,202$1,941$1,708$1,415
13 years$2,576$2,254$1,968$1,714$1,489$1,211
14 years$2,368$2,049$1,768$1,521$1,306$1,042
15 years$2,187$1,872$1,596$1,357$1,149$900
16 years$2,029$1,718$1,447$1,215$1,016$780
17 years$1,890$1,582$1,317$1,091$901$678
18 years$1,766$1,462$1,202$984$801$591
19 years$1,656$1,355$1,101$889$714$516
20 years$1,557$1,259$1,010$805$638$451
21 years$1,467$1,173$929$731$571$395
22 years$1,385$1,094$856$664$511$347
23 years$1,311$1,024$791$605$459$304
24 years$1,243$959$731$552$413$268
25 years$1,181$900$677$504$371$235
26 years$1,123$846$628$461$335$207
27 years$1,070$796$583$422$302$183
28 years$1,021$750$542$386$272$161
29 years$975$708$505$354$246$142
30 years$932$668$470$325$222$125
31 years$892$632$438$299$201$111
32 years$855$598$409$274$182$98
33 years$820$566$382$252$164$86
34 years$787$537$357$232$149$76
35 years$757$509$333$214$135$68
36 years$727$483$312$197$122$60
37 years$700$459$292$181$111$53
38 years$674$436$273$167$100$47
39 years$649$415$256$154$91$41
40 years$626$394$240$142$83$37
41 years$604$375$225$131$75$32
42 years$583$358$211$121$68$29
43 years$563$341$198$112$62$25
44 years$544$325$186$103$56$22
45 years$526$310$175$95$51$20
46 years$509$295$164$88$46$18
47 years$492$282$154$81$42$16
48 years$477$269$145$75$38$14
49 years$462$257$136$69$35$12
50 years$447$246$128$64$31$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $458,000, adding $4,701 every year, while hoping to spend $22,413 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: 79/8/13 Blend
63$458,000$458,000$458,000$458,000
64$509,565$485,291$478,192$548,159
65$537,693$485,223$470,364$574,140
66$567,940$484,401$461,523$599,282
67$600,496$482,763$451,611$626,224
68$635,574$480,246$440,567$655,139
69$673,406$476,781$428,329$686,212
70$714,246$472,296$414,831$719,652
71$758,374$466,714$400,003$755,687
72$806,099$459,953$383,774$794,568
73$857,759$451,928$366,067$836,572
74$913,725$442,547$346,805$882,005
75$974,406$431,713$325,905$931,204
76$1,040,252$419,324$303,280$984,540
77$1,111,759$405,272$278,840$1,042,423
78$1,189,469$389,441$252,492$1,105,304
79$1,273,981$371,710$224,137$1,173,681
80$1,365,954$351,951$193,672$1,248,103
81$1,466,112$330,027$160,991$1,329,174
82$1,575,252$305,795$125,981$1,417,562
83$1,694,252$279,103$88,525$1,514,001
84$1,824,077$249,790$48,502$1,619,304
85$1,965,790$217,687$5,784$1,734,363
86$2,120,561$182,614$0$1,860,165
87$2,289,678$144,382$0$2,003,318
88$2,474,559$102,790$0$2,160,713
89$2,676,764$57,627$0$2,332,889
90$2,898,013$8,670$0$2,521,324
91$3,140,199$0$0$2,727,645
92$3,405,404$0$0$2,957,547
93$3,695,926$0$0$3,210,244
94$4,014,290$0$0$3,487,174
95$4,363,281$0$0$3,790,760
96$4,745,964$0$0$4,123,670
97$5,165,717$0$0$4,488,843
98$5,626,257$0$0$4,889,519
99$6,131,683$0$0$5,329,261
100$6,686,505$0$0$5,811,999