Can I retire at age 65 with 450,000?

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 $450,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.2%
1 years$37,161$36,830$36,507$36,191$35,884$35,553
2 years$18,396$18,054$17,722$17,400$17,087$16,755
3 years$12,142$11,798$11,467$11,148$10,841$10,516
4 years$9,016$8,673$8,345$8,032$7,732$7,417
5 years$7,141$6,800$6,476$6,169$5,878$5,574
6 years$5,891$5,552$5,234$4,933$4,651$4,359
7 years$4,999$4,663$4,349$4,056$3,782$3,502
8 years$4,330$3,997$3,688$3,403$3,138$2,870
9 years$3,810$3,480$3,177$2,898$2,642$2,386
10 years$3,394$3,068$2,770$2,498$2,252$2,006
11 years$3,054$2,731$2,438$2,174$1,936$1,703
12 years$2,771$2,451$2,164$1,907$1,678$1,455
13 years$2,531$2,215$1,933$1,684$1,463$1,251
14 years$2,326$2,013$1,737$1,495$1,283$1,081
15 years$2,149$1,839$1,568$1,333$1,129$938
16 years$1,994$1,688$1,422$1,193$998$817
17 years$1,857$1,554$1,294$1,072$885$714
18 years$1,735$1,436$1,181$966$787$625
19 years$1,627$1,331$1,081$873$701$548
20 years$1,529$1,237$992$791$627$482
21 years$1,441$1,152$913$718$561$425
22 years$1,361$1,075$841$653$503$374
23 years$1,288$1,006$777$594$451$331
24 years$1,222$942$718$542$405$292
25 years$1,160$884$665$495$365$259
26 years$1,104$831$617$453$329$229
27 years$1,051$782$573$414$296$203
28 years$1,003$737$533$380$267$180
29 years$958$695$496$348$241$160
30 years$916$657$462$319$218$142
31 years$877$621$430$293$197$126
32 years$840$587$402$270$178$112
33 years$806$556$375$248$161$99
34 years$774$527$350$228$146$88
35 years$743$500$328$210$132$79
36 years$715$475$306$193$120$70
37 years$688$451$287$178$109$62
38 years$662$428$269$164$99$55
39 years$638$407$252$151$89$49
40 years$615$388$236$140$81$44
41 years$594$369$221$129$74$39
42 years$573$351$207$119$67$35
43 years$553$335$195$110$61$31
44 years$535$319$183$101$55$28
45 years$517$304$172$94$50$25
46 years$500$290$161$86$45$22
47 years$484$277$151$80$41$19
48 years$468$264$142$74$37$17
49 years$454$253$134$68$34$15
50 years$439$241$126$63$31$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $450,000, adding $6,209 every year, while hoping to spend $35,561 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: 69/12/19 Blend
64$450,000$450,000$450,000$450,000
65$502,305$478,455$471,480$534,223
66$515,703$464,062$449,438$541,926
67$529,276$447,773$425,465$545,588
68$543,005$429,456$399,460$548,716
69$556,865$408,973$371,316$551,255
70$570,831$386,179$340,921$553,145
71$584,873$360,918$308,159$554,320
72$598,954$333,028$272,907$554,710
73$613,037$302,336$235,039$554,237
74$627,075$268,659$194,421$552,818
75$641,018$231,804$150,915$550,364
76$654,807$191,567$104,376$546,776
77$668,378$147,734$54,653$541,947
78$681,656$100,077$1,587$535,763
79$694,559$48,355$0$528,097
80$706,995$0$0$529,974
81$718,859$0$0$532,169
82$730,036$0$0$540,213
83$740,395$0$0$547,621
84$749,791$0$0$554,282
85$758,063$0$0$560,072
86$765,030$0$0$564,855
87$770,492$0$0$568,477
88$774,224$0$0$570,767
89$775,980$0$0$571,537
90$775,482$0$0$570,576
91$772,424$0$0$567,649
92$766,467$0$0$562,499
93$757,232$0$0$554,838
94$744,302$0$0$544,346
95$727,213$0$0$530,672
96$705,451$0$0$513,422
97$678,447$0$0$492,165
98$645,572$0$0$466,420
99$606,128$0$0$435,657
100$559,344$0$0$399,289