Can I retire at age 65 with 418,000?

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 $418,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.3%
1 years$34,518$34,211$33,911$33,618$33,332$32,085
2 years$17,088$16,770$16,461$16,162$15,872$14,631
3 years$11,279$10,959$10,652$10,355$10,070$8,873
4 years$8,375$8,056$7,752$7,460$7,182$6,038
5 years$6,633$6,316$6,016$5,730$5,460$4,371
6 years$5,472$5,158$4,862$4,583$4,320$3,289
7 years$4,643$4,331$4,040$3,768$3,513$2,539
8 years$4,022$3,713$3,426$3,161$2,915$1,996
9 years$3,539$3,233$2,951$2,692$2,455$1,590
10 years$3,152$2,849$2,573$2,321$2,091$1,279
11 years$2,837$2,537$2,265$2,020$1,799$1,038
12 years$2,574$2,277$2,010$1,771$1,559$847
13 years$2,351$2,058$1,796$1,564$1,359$695
14 years$2,161$1,870$1,614$1,388$1,191$572
15 years$1,996$1,709$1,457$1,238$1,049$472
16 years$1,852$1,568$1,321$1,109$927$391
17 years$1,725$1,444$1,202$996$822$324
18 years$1,612$1,334$1,097$898$731$270
19 years$1,511$1,236$1,004$811$652$224
20 years$1,421$1,149$922$735$582$187
21 years$1,339$1,070$848$667$521$156
22 years$1,264$999$781$606$467$130
23 years$1,197$934$722$552$419$109
24 years$1,135$875$667$504$377$91
25 years$1,078$821$618$460$339$76
26 years$1,025$772$573$420$305$64
27 years$977$727$532$385$275$53
28 years$932$685$495$353$248$45
29 years$890$646$460$323$224$37
30 years$851$610$429$297$203$31
31 years$814$577$400$273$183$26
32 years$780$546$373$250$166$22
33 years$749$517$348$230$150$18
34 years$719$490$325$212$136$15
35 years$690$464$304$195$123$13
36 years$664$441$285$180$111$11
37 years$639$419$266$166$101$9
38 years$615$398$250$153$92$8
39 years$593$378$234$141$83$6
40 years$571$360$219$130$75$5
41 years$551$343$205$120$68$4
42 years$532$326$193$110$62$4
43 years$514$311$181$102$56$3
44 years$497$296$170$94$51$3
45 years$480$283$159$87$46$2
46 years$464$270$150$80$42$2
47 years$449$257$141$74$38$2
48 years$435$246$132$69$35$1
49 years$421$235$124$63$32$1
50 years$408$224$117$59$29$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $418,000, adding $5,354 every year, while hoping to spend $27,019 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: 42/32/26 Blend
64$418,000$418,000$418,000$418,000
65$466,159$444,005$437,526$481,997
66$484,959$437,013$423,435$486,869
67$504,771$428,773$407,966$489,177
68$525,670$419,195$391,045$491,151
69$547,737$408,185$372,594$492,775
70$571,061$395,641$352,531$494,035
71$595,739$381,457$330,771$494,918
72$621,877$365,520$307,224$495,410
73$649,590$347,713$281,798$495,500
74$679,005$327,907$254,394$495,178
75$710,259$305,970$224,912$494,436
76$743,504$281,761$193,246$493,268
77$778,906$255,132$159,283$491,671
78$816,644$225,923$122,909$489,645
79$856,918$193,970$84,003$487,193
80$899,945$159,095$42,438$484,323
81$945,963$121,114$0$481,047
82$995,232$79,830$0$477,917
83$1,048,039$35,035$0$487,022
84$1,104,699$0$0$496,649
85$1,165,555$0$0$511,628
86$1,230,986$0$0$541,036
87$1,301,408$0$0$572,725
88$1,377,275$0$0$606,906
89$1,459,089$0$0$643,811
90$1,547,400$0$0$683,692
91$1,642,813$0$0$726,829
92$1,745,991$0$0$773,528
93$1,857,666$0$0$824,126
94$1,978,639$0$0$878,993
95$2,109,794$0$0$938,537
96$2,252,100$0$0$1,003,207
97$2,406,625$0$0$1,073,494
98$2,574,543$0$0$1,149,941
99$2,757,146$0$0$1,233,144
100$2,955,855$0$0$1,323,761