Can I retire at age 65 with 460,000?

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 $460,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.4%
1 years$37,986$37,648$37,318$36,996$36,681$36,163
2 years$18,805$18,455$18,115$17,786$17,467$16,946
3 years$12,412$12,060$11,722$11,396$11,082$10,574
4 years$9,216$8,866$8,531$8,210$7,904$7,413
5 years$7,299$6,951$6,620$6,306$6,008$5,536
6 years$6,022$5,676$5,350$5,043$4,754$4,301
7 years$5,110$4,767$4,446$4,146$3,866$3,433
8 years$4,426$4,086$3,770$3,478$3,208$2,794
9 years$3,894$3,557$3,247$2,963$2,701$2,306
10 years$3,469$3,136$2,831$2,554$2,302$1,925
11 years$3,122$2,792$2,493$2,223$1,979$1,622
12 years$2,832$2,506$2,212$1,949$1,715$1,376
13 years$2,588$2,264$1,976$1,721$1,496$1,174
14 years$2,378$2,058$1,776$1,528$1,311$1,006
15 years$2,197$1,880$1,603$1,363$1,154$866
16 years$2,038$1,725$1,454$1,220$1,020$748
17 years$1,898$1,589$1,323$1,096$905$648
18 years$1,774$1,468$1,207$988$804$562
19 years$1,663$1,361$1,105$893$717$489
20 years$1,563$1,264$1,014$808$640$426
21 years$1,473$1,178$933$734$573$372
22 years$1,391$1,099$860$667$514$325
23 years$1,317$1,028$794$608$461$284
24 years$1,249$963$734$554$414$249
25 years$1,186$904$680$506$373$218
26 years$1,128$850$631$463$336$192
27 years$1,075$800$586$424$303$168
28 years$1,025$753$545$388$273$148
29 years$979$711$507$356$247$130
30 years$936$671$472$327$223$114
31 years$896$635$440$300$202$100
32 years$859$600$411$276$182$88
33 years$824$569$383$253$165$78
34 years$791$539$358$233$149$68
35 years$760$511$335$215$135$60
36 years$731$485$313$198$123$53
37 years$703$461$293$182$111$47
38 years$677$438$275$168$101$41
39 years$652$416$257$155$91$36
40 years$629$396$241$143$83$32
41 years$607$377$226$132$75$28
42 years$586$359$212$122$68$25
43 years$566$342$199$112$62$22
44 years$547$326$187$104$56$19
45 years$528$311$175$96$51$17
46 years$511$297$165$88$46$15
47 years$495$283$155$82$42$13
48 years$479$270$145$75$38$12
49 years$464$258$137$70$35$10
50 years$449$247$129$64$32$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $460,000, adding $2,436 every year, while hoping to spend $20,496 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: 51/22/27 Blend
64$460,000$460,000$460,000$460,000
65$509,433$485,053$477,923$531,433
66$539,587$487,013$472,126$548,963
67$572,131$488,382$465,447$565,754
68$607,285$489,109$457,837$583,607
69$645,294$489,142$449,240$602,630
70$686,426$488,422$439,602$622,946
71$730,976$486,889$428,863$644,689
72$779,268$484,479$416,962$668,010
73$831,658$481,123$403,835$693,077
74$888,538$476,749$389,415$720,073
75$950,340$471,281$373,631$749,203
76$1,017,537$464,637$356,411$780,696
77$1,090,652$456,730$337,676$814,803
78$1,170,259$447,469$317,348$851,804
79$1,256,988$436,759$295,343$892,007
80$1,351,536$424,495$271,572$935,755
81$1,454,668$410,570$245,944$983,428
82$1,567,225$394,869$218,364$1,035,446
83$1,690,134$377,270$188,732$1,092,275
84$1,824,417$357,645$156,943$1,154,428
85$1,971,195$335,857$122,889$1,222,476
86$2,131,707$311,764$86,456$1,297,049
87$2,307,314$285,213$47,525$1,378,845
88$2,499,515$256,044$5,972$1,468,633
89$2,709,961$224,086$0$1,567,268
90$2,940,471$189,160$0$1,686,746
91$3,193,047$151,077$0$1,819,611
92$3,469,894$109,636$0$1,965,332
93$3,773,442$64,626$0$2,125,225
94$4,106,363$15,824$0$2,300,742
95$4,471,606$0$0$2,493,484
96$4,872,415$0$0$2,714,177
97$5,312,365$0$0$2,960,674
98$5,795,393$0$0$3,231,359
99$6,325,836$0$0$3,528,667
100$6,908,474$0$0$3,855,284