Can I retire at age 65 with 447,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $447,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.2%
1 years$36,913$36,584$36,263$35,950$35,644$34,600
2 years$18,274$17,933$17,604$17,284$16,974$15,930
3 years$12,061$11,720$11,391$11,074$10,769$9,759
4 years$8,956$8,615$8,289$7,978$7,680$6,711
5 years$7,093$6,754$6,433$6,128$5,838$4,913
6 years$5,852$5,515$5,199$4,901$4,620$3,739
7 years$4,965$4,632$4,320$4,029$3,757$2,921
8 years$4,301$3,970$3,664$3,380$3,117$2,325
9 years$3,784$3,457$3,156$2,879$2,625$1,876
10 years$3,371$3,047$2,751$2,482$2,237$1,530
11 years$3,033$2,713$2,422$2,160$1,923$1,258
12 years$2,752$2,435$2,150$1,894$1,667$1,041
13 years$2,514$2,200$1,921$1,672$1,454$866
14 years$2,311$2,000$1,726$1,485$1,274$724
15 years$2,135$1,827$1,558$1,324$1,122$607
16 years$1,980$1,676$1,413$1,186$992$510
17 years$1,845$1,544$1,285$1,065$879$430
18 years$1,724$1,427$1,173$960$782$363
19 years$1,616$1,322$1,074$867$697$307
20 years$1,519$1,229$986$786$622$260
21 years$1,432$1,144$907$713$557$220
22 years$1,352$1,068$836$648$499$187
23 years$1,280$999$772$590$448$159
24 years$1,213$936$714$538$403$135
25 years$1,152$878$661$492$362$115
26 years$1,096$826$613$450$326$98
27 years$1,044$777$569$412$294$83
28 years$996$732$529$377$266$71
29 years$952$691$492$346$240$60
30 years$910$652$459$317$217$51
31 years$871$617$428$291$196$44
32 years$835$583$399$268$177$37
33 years$801$553$373$246$160$32
34 years$768$524$348$227$145$27
35 years$738$497$325$209$132$23
36 years$710$471$304$192$119$20
37 years$683$448$285$177$108$17
38 years$658$426$267$163$98$14
39 years$634$405$250$150$89$12
40 years$611$385$234$139$81$10
41 years$590$366$220$128$73$9
42 years$569$349$206$118$66$8
43 years$550$333$193$109$60$6
44 years$531$317$182$101$55$6
45 years$513$302$170$93$50$5
46 years$497$288$160$86$45$4
47 years$481$275$150$79$41$3
48 years$465$263$141$73$37$3
49 years$450$251$133$68$34$2
50 years$436$240$125$63$31$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $447,000, adding $3,623 every year, while hoping to spend $22,645 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: 57/23/20 Blend
64$447,000$447,000$447,000$447,000
65$496,331$472,640$465,712$521,777
66$522,863$471,705$457,219$538,580
67$551,342$469,966$447,683$554,136
68$581,943$467,358$437,044$570,589
69$614,857$463,815$425,242$588,031
70$650,296$459,266$412,211$606,564
71$688,491$453,634$397,884$626,301
72$729,695$446,840$382,191$647,368
73$774,188$438,799$365,059$669,904
74$822,276$429,422$346,409$694,064
75$874,296$418,611$326,162$720,021
76$930,619$406,268$304,233$747,965
77$991,652$392,285$280,535$778,109
78$1,057,843$376,550$254,975$810,688
79$1,129,685$358,942$227,458$845,962
80$1,207,718$339,335$197,883$884,221
81$1,292,539$317,597$166,146$925,784
82$1,384,803$293,584$132,137$971,008
83$1,485,232$267,148$95,743$1,020,285
84$1,594,618$238,131$56,843$1,074,051
85$1,713,835$206,366$15,313$1,132,789
86$1,843,845$171,676$0$1,197,034
87$1,985,704$133,875$0$1,273,565
88$2,140,577$92,766$0$1,360,739
89$2,309,745$48,142$0$1,456,037
90$2,494,620$0$0$1,560,295
91$2,696,755$0$0$1,674,485
92$2,917,859$0$0$1,812,756
93$3,159,816$0$0$1,964,107
94$3,424,699$0$0$2,129,839
95$3,714,791$0$0$2,311,385
96$4,032,607$0$0$2,510,324
97$4,380,916$0$0$2,728,395
98$4,762,768$0$0$2,967,513
99$5,181,521$0$0$3,229,787
100$5,640,874$0$0$3,517,540