Can I retire at age 65 with 453,000?

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 $453,000?

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$37,408$37,075$36,750$36,433$36,123$35,481
2 years$18,519$18,174$17,840$17,516$17,201$16,557
3 years$12,223$11,877$11,544$11,222$10,913$10,286
4 years$9,076$8,731$8,401$8,085$7,783$7,178
5 years$7,188$6,845$6,519$6,210$5,917$5,336
6 years$5,930$5,590$5,269$4,966$4,682$4,125
7 years$5,032$4,694$4,378$4,083$3,808$3,276
8 years$4,358$4,024$3,713$3,425$3,159$2,652
9 years$3,835$3,503$3,198$2,918$2,660$2,178
10 years$3,416$3,088$2,788$2,515$2,267$1,808
11 years$3,074$2,749$2,455$2,189$1,949$1,514
12 years$2,789$2,467$2,178$1,920$1,689$1,277
13 years$2,548$2,230$1,946$1,695$1,473$1,083
14 years$2,342$2,027$1,749$1,505$1,291$923
15 years$2,163$1,852$1,579$1,342$1,137$790
16 years$2,007$1,699$1,431$1,201$1,005$678
17 years$1,869$1,565$1,303$1,079$891$583
18 years$1,747$1,446$1,189$973$792$503
19 years$1,638$1,340$1,089$879$706$435
20 years$1,540$1,245$999$796$631$376
21 years$1,451$1,160$919$723$564$326
22 years$1,370$1,083$847$657$506$283
23 years$1,297$1,012$782$598$454$246
24 years$1,230$949$723$546$408$214
25 years$1,168$890$670$498$367$186
26 years$1,111$837$621$456$331$162
27 years$1,058$787$577$417$298$141
28 years$1,010$742$536$382$269$123
29 years$964$700$499$350$243$107
30 years$922$661$465$322$220$94
31 years$883$625$433$295$199$82
32 years$846$591$404$271$180$71
33 years$811$560$378$250$163$62
34 years$779$531$353$230$147$54
35 years$748$503$330$211$133$48
36 years$719$478$309$195$121$42
37 years$692$454$289$179$109$36
38 years$667$431$270$165$99$32
39 years$642$410$253$152$90$28
40 years$619$390$237$141$82$24
41 years$597$371$223$130$74$21
42 years$577$354$209$120$67$19
43 years$557$337$196$111$61$16
44 years$538$321$184$102$55$14
45 years$520$306$173$94$50$12
46 years$503$292$162$87$46$11
47 years$487$279$152$80$41$10
48 years$471$266$143$74$38$8
49 years$457$254$135$69$34$7
50 years$442$243$127$63$31$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $453,000, adding $2,800 every year, while hoping to spend $28,364 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: 55/19/26 Blend
64$453,000$453,000$453,000$453,000
65$502,094$478,085$471,064$525,972
66$523,129$471,332$456,665$535,957
67$545,358$463,298$440,834$543,645
68$568,874$453,889$423,491$551,436
69$593,778$443,008$404,557$559,348
70$620,178$430,550$383,944$567,405
71$648,195$416,406$361,565$575,633
72$677,959$400,458$337,326$584,064
73$709,615$382,584$311,130$592,733
74$743,318$362,653$282,875$601,683
75$779,240$340,527$252,456$610,962
76$817,570$316,061$219,760$620,625
77$858,513$289,098$184,673$630,735
78$902,295$259,478$147,073$641,363
79$949,164$227,027$106,835$652,592
80$999,391$191,563$63,826$664,515
81$1,053,273$152,894$17,908$677,236
82$1,111,137$110,817$0$690,875
83$1,173,342$65,116$0$714,192
84$1,240,282$15,565$0$744,574
85$1,312,388$0$0$777,263
86$1,390,135$0$0$820,456
87$1,474,044$0$0$870,618
88$1,564,689$0$0$924,839
89$1,662,699$0$0$983,503
90$1,768,766$0$0$1,047,026
91$1,883,651$0$0$1,115,869
92$2,008,190$0$0$1,190,539
93$2,143,302$0$0$1,271,592
94$2,290,000$0$0$1,359,640
95$2,449,396$0$0$1,455,357
96$2,622,713$0$0$1,559,484
97$2,811,297$0$0$1,672,836
98$3,016,632$0$0$1,796,310
99$3,240,345$0$0$1,930,892
100$3,484,232$0$0$2,077,670