Can I retire at age 65 with 454,000?

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 $454,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.1%
1 years$37,491$37,157$36,831$36,513$36,203$35,735
2 years$18,560$18,214$17,879$17,554$17,239$16,769
3 years$12,250$11,903$11,569$11,247$10,937$10,479
4 years$9,096$8,750$8,419$8,103$7,801$7,358
5 years$7,204$6,860$6,534$6,224$5,930$5,504
6 years$5,943$5,602$5,280$4,977$4,692$4,283
7 years$5,043$4,704$4,388$4,092$3,816$3,424
8 years$4,368$4,033$3,721$3,433$3,166$2,791
9 years$3,843$3,511$3,205$2,924$2,666$2,308
10 years$3,424$3,095$2,794$2,520$2,272$1,931
11 years$3,081$2,755$2,460$2,194$1,954$1,629
12 years$2,795$2,473$2,183$1,924$1,693$1,385
13 years$2,554$2,235$1,951$1,699$1,476$1,184
14 years$2,347$2,031$1,753$1,508$1,294$1,017
15 years$2,168$1,856$1,582$1,345$1,139$877
16 years$2,011$1,703$1,435$1,204$1,007$759
17 years$1,873$1,568$1,305$1,082$893$659
18 years$1,751$1,449$1,192$975$794$573
19 years$1,641$1,343$1,091$881$708$500
20 years$1,543$1,248$1,001$798$632$436
21 years$1,454$1,162$921$724$566$382
22 years$1,373$1,085$849$658$507$334
23 years$1,300$1,015$784$600$455$293
24 years$1,232$951$725$547$409$257
25 years$1,170$892$671$499$368$226
26 years$1,113$839$623$457$332$199
27 years$1,061$789$578$418$299$175
28 years$1,012$744$537$383$270$154
29 years$966$702$500$351$244$136
30 years$924$663$466$322$220$120
31 years$885$626$434$296$199$105
32 years$848$593$405$272$180$93
33 years$813$561$378$250$163$82
34 years$781$532$354$230$147$72
35 years$750$504$331$212$134$64
36 years$721$479$309$195$121$56
37 years$694$455$289$180$110$50
38 years$668$432$271$166$99$44
39 years$644$411$254$153$90$39
40 years$621$391$238$141$82$34
41 years$599$372$223$130$74$30
42 years$578$354$209$120$67$27
43 years$558$338$196$111$61$24
44 years$539$322$184$102$55$21
45 years$521$307$173$94$50$18
46 years$504$293$163$87$46$16
47 years$488$279$153$81$42$14
48 years$472$267$144$74$38$13
49 years$458$255$135$69$34$11
50 years$443$243$127$64$31$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $454,000, adding $5,482 every year, while hoping to spend $32,244 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: 67/19/14 Blend
64$454,000$454,000$454,000$454,000
65$505,963$481,901$474,864$537,863
66$523,264$471,206$456,464$549,133
67$541,248$458,908$436,368$557,142
68$559,953$444,891$414,483$565,084
69$579,415$429,038$390,716$572,950
70$599,677$411,222$364,966$580,731
71$620,782$391,310$337,130$588,419
72$642,778$369,160$307,100$596,003
73$665,716$344,624$274,762$603,477
74$689,650$317,542$239,999$610,831
75$714,641$287,748$202,685$618,060
76$740,752$255,065$162,693$625,156
77$768,053$219,308$119,887$632,114
78$796,619$180,278$74,128$638,931
79$826,530$137,768$25,267$645,602
80$857,875$91,558$0$652,128
81$890,749$41,415$0$662,524
82$925,255$0$0$677,067
83$961,506$0$0$694,710
84$999,624$0$0$722,374
85$1,039,741$0$0$751,500
86$1,082,001$0$0$782,193
87$1,126,563$0$0$814,569
88$1,173,598$0$0$848,754
89$1,223,291$0$0$884,885
90$1,275,848$0$0$923,113
91$1,331,492$0$0$963,602
92$1,390,464$0$0$1,006,529
93$1,453,030$0$0$1,052,091
94$1,519,482$0$0$1,100,502
95$1,590,137$0$0$1,151,995
96$1,665,342$0$0$1,206,827
97$1,745,478$0$0$1,265,278
98$1,830,961$0$0$1,327,654
99$1,922,248$0$0$1,394,291
100$2,019,839$0$0$1,465,560