Can I retire at age 64 with 459,000?

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 $459,000?

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 years$37,904$37,566$37,237$36,915$36,601$36,144
2 years$18,764$18,415$18,076$17,748$17,429$16,969
3 years$12,385$12,034$11,696$11,371$11,058$10,609
4 years$9,196$8,846$8,512$8,192$7,887$7,453
5 years$7,284$6,936$6,606$6,292$5,995$5,578
6 years$6,009$5,664$5,338$5,032$4,744$4,343
7 years$5,099$4,756$4,436$4,137$3,858$3,474
8 years$4,416$4,077$3,762$3,471$3,201$2,833
9 years$3,886$3,550$3,240$2,956$2,695$2,345
10 years$3,462$3,129$2,825$2,548$2,297$1,962
11 years$3,115$2,785$2,487$2,218$1,975$1,657
12 years$2,826$2,500$2,207$1,945$1,712$1,409
13 years$2,582$2,259$1,972$1,717$1,493$1,205
14 years$2,373$2,054$1,772$1,524$1,308$1,036
15 years$2,192$1,876$1,600$1,360$1,152$894
16 years$2,034$1,721$1,450$1,217$1,018$774
17 years$1,894$1,585$1,320$1,094$903$673
18 years$1,770$1,465$1,205$986$803$586
19 years$1,659$1,358$1,103$891$715$511
20 years$1,560$1,262$1,012$807$639$447
21 years$1,470$1,175$931$732$572$391
22 years$1,388$1,097$858$666$513$343
23 years$1,314$1,026$792$606$460$301
24 years$1,246$961$733$553$414$264
25 years$1,183$902$679$505$372$232
26 years$1,126$848$629$462$335$204
27 years$1,072$798$585$423$302$180
28 years$1,023$752$543$387$273$159
29 years$977$709$506$355$246$140
30 years$934$670$471$326$223$123
31 years$894$633$439$299$201$109
32 years$857$599$410$275$182$96
33 years$822$567$383$253$165$85
34 years$789$538$357$233$149$75
35 years$758$510$334$214$135$66
36 years$729$484$313$197$122$58
37 years$701$460$293$182$111$52
38 years$675$437$274$168$101$46
39 years$651$416$257$154$91$40
40 years$628$395$241$142$83$36
41 years$605$376$226$131$75$32
42 years$584$358$212$121$68$28
43 years$564$341$199$112$62$25
44 years$545$325$186$103$56$22
45 years$527$310$175$96$51$19
46 years$510$296$164$88$46$17
47 years$493$283$154$82$42$15
48 years$478$270$145$75$38$13
49 years$463$258$136$70$35$12
50 years$448$246$128$64$31$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $459,000, adding $4,692 every year, while hoping to spend $22,986 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: 52/23/25 Blend
63$459,000$459,000$459,000$459,000
64$510,658$486,331$479,216$533,430
65$538,288$485,704$470,813$549,070
66$567,966$484,276$461,358$563,346
67$599,877$481,984$450,792$578,406
68$634,222$478,759$439,051$594,336
69$671,226$474,531$426,072$611,228
70$711,132$469,224$411,787$629,188
71$754,208$462,757$396,122$648,330
72$800,750$455,045$379,006$668,785
73$851,083$445,998$360,358$690,696
74$905,562$435,521$340,099$714,224
75$964,579$423,512$318,142$739,547
76$1,028,566$409,863$294,400$766,863
77$1,097,996$394,463$268,778$796,392
78$1,173,389$377,189$241,180$828,379
79$1,255,320$357,917$211,505$863,095
80$1,344,419$336,511$179,647$900,843
81$1,441,379$312,829$145,494$941,956
82$1,546,964$286,722$108,932$986,806
83$1,662,013$258,030$69,840$1,035,806
84$1,787,450$226,586$28,092$1,089,411
85$1,924,294$192,212$0$1,148,129
86$2,073,663$154,721$0$1,216,911
87$2,236,790$113,916$0$1,300,270
88$2,415,031$69,587$0$1,391,431
89$2,609,882$21,514$0$1,491,197
90$2,822,985$0$0$1,600,455
91$3,056,152$0$0$1,727,909
92$3,311,376$0$0$1,873,427
93$3,590,854$0$0$2,032,819
94$3,897,002$0$0$2,207,470
95$4,232,484$0$0$2,398,906
96$4,600,232$0$0$2,608,806
97$5,003,475$0$0$2,839,020
98$5,445,770$0$0$3,091,585
99$5,931,035$0$0$3,368,747
100$6,463,587$0$0$3,672,976