Can I retire at age 65 with 456,000?

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 $456,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.2%
1 years$37,656$37,321$36,993$36,674$36,362$35,878
2 years$18,642$18,294$17,958$17,632$17,315$16,828
3 years$12,304$11,956$11,620$11,297$10,986$10,511
4 years$9,136$8,789$8,456$8,139$7,835$7,376
5 years$7,236$6,890$6,562$6,251$5,956$5,515
6 years$5,969$5,627$5,303$4,999$4,713$4,289
7 years$5,065$4,725$4,407$4,110$3,833$3,427
8 years$4,387$4,050$3,738$3,448$3,180$2,792
9 years$3,860$3,527$3,219$2,937$2,678$2,308
10 years$3,439$3,108$2,807$2,532$2,282$1,929
11 years$3,094$2,767$2,471$2,203$1,962$1,627
12 years$2,808$2,484$2,193$1,933$1,700$1,382
13 years$2,565$2,245$1,959$1,706$1,483$1,180
14 years$2,357$2,040$1,760$1,515$1,300$1,013
15 years$2,177$1,864$1,589$1,351$1,144$873
16 years$2,020$1,710$1,441$1,209$1,011$755
17 years$1,882$1,575$1,311$1,087$897$655
18 years$1,759$1,455$1,197$979$797$569
19 years$1,649$1,349$1,096$885$711$496
20 years$1,550$1,253$1,006$801$635$433
21 years$1,460$1,167$925$727$568$378
22 years$1,379$1,090$853$661$509$331
23 years$1,305$1,019$787$602$457$290
24 years$1,238$955$728$549$411$255
25 years$1,176$896$674$502$370$223
26 years$1,118$842$625$459$333$196
27 years$1,065$793$581$420$300$173
28 years$1,016$747$540$385$271$152
29 years$971$705$502$353$245$134
30 years$928$665$468$324$221$118
31 years$889$629$436$297$200$104
32 years$851$595$407$273$181$91
33 years$817$564$380$251$164$80
34 years$784$534$355$231$148$71
35 years$753$507$332$213$134$63
36 years$724$481$311$196$122$55
37 years$697$457$291$181$110$49
38 years$671$434$272$166$100$43
39 years$647$413$255$153$91$38
40 years$623$393$239$142$82$33
41 years$601$374$224$131$75$30
42 years$581$356$210$121$68$26
43 years$561$339$197$111$61$23
44 years$542$323$185$103$56$20
45 years$524$308$174$95$51$18
46 years$507$294$163$88$46$16
47 years$490$281$153$81$42$14
48 years$475$268$144$75$38$12
49 years$460$256$136$69$34$11
50 years$445$244$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 $456,000, adding $6,733 every year, while hoping to spend $29,261 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: 68/11/21 Blend
64$456,000$456,000$456,000$456,000
65$509,457$485,289$478,221$540,987
66$530,288$477,935$463,108$555,583
67$552,263$469,239$446,508$567,524
68$575,469$459,106$428,340$579,883
69$599,997$447,433$408,520$592,701
70$625,951$434,112$386,960$606,021
71$653,442$419,028$363,568$619,895
72$682,593$402,059$338,246$634,379
73$713,535$383,078$310,895$649,536
74$746,414$361,948$281,409$665,437
75$781,391$338,525$249,679$682,161
76$818,639$312,659$215,589$699,795
77$858,349$284,188$179,020$718,440
78$900,729$252,942$139,846$738,203
79$946,010$218,743$97,937$759,209
80$994,441$181,400$53,156$781,594
81$1,046,299$140,713$5,362$805,510
82$1,101,885$96,471$0$831,126
83$1,161,529$48,450$0$868,860
84$1,225,596$0$0$910,640
85$1,294,483$0$0$955,967
86$1,368,629$0$0$1,011,086
87$1,448,515$0$0$1,070,492
88$1,534,667$0$0$1,134,580
89$1,627,667$0$0$1,203,784
90$1,728,152$0$0$1,278,582
91$1,836,822$0$0$1,359,497
92$1,954,446$0$0$1,447,106
93$2,081,872$0$0$1,542,044
94$2,220,029$0$0$1,645,005
95$2,369,942$0$0$1,756,758
96$2,532,734$0$0$1,878,144
97$2,709,645$0$0$2,010,091
98$2,902,036$0$0$2,153,618
99$3,111,405$0$0$2,309,847
100$3,339,400$0$0$2,480,014