Can I retire at age 65 with 438,000?

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 $438,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.6%
1 years$36,170$35,847$35,533$35,226$34,927$34,548
2 years$17,906$17,572$17,249$16,936$16,632$16,250
3 years$11,819$11,484$11,161$10,851$10,552$10,179
4 years$8,776$8,442$8,123$7,817$7,526$7,165
5 years$6,950$6,618$6,303$6,005$5,721$5,374
6 years$5,734$5,404$5,094$4,802$4,527$4,193
7 years$4,865$4,539$4,233$3,948$3,681$3,362
8 years$4,214$3,890$3,590$3,312$3,054$2,748
9 years$3,708$3,387$3,092$2,821$2,572$2,279
10 years$3,303$2,986$2,696$2,432$2,191$1,912
11 years$2,972$2,658$2,373$2,116$1,885$1,619
12 years$2,697$2,386$2,106$1,856$1,633$1,380
13 years$2,464$2,156$1,882$1,639$1,424$1,184
14 years$2,264$1,960$1,691$1,455$1,248$1,020
15 years$2,092$1,790$1,527$1,297$1,099$883
16 years$1,941$1,643$1,384$1,162$972$767
17 years$1,807$1,513$1,259$1,044$861$668
18 years$1,689$1,398$1,150$941$766$583
19 years$1,584$1,295$1,053$850$683$510
20 years$1,489$1,204$966$770$610$447
21 years$1,403$1,121$888$699$546$393
22 years$1,325$1,047$819$635$489$345
23 years$1,254$979$756$578$439$304
24 years$1,189$917$699$528$395$268
25 years$1,129$861$648$482$355$236
26 years$1,074$809$601$441$320$209
27 years$1,023$761$558$403$288$184
28 years$976$717$519$369$260$163
29 years$932$677$483$339$235$144
30 years$892$639$449$311$212$127
31 years$853$604$419$286$192$113
32 years$818$572$391$262$174$100
33 years$784$541$365$241$157$88
34 years$753$513$341$222$142$78
35 years$723$487$319$204$129$69
36 years$696$462$298$188$117$62
37 years$669$439$279$173$106$55
38 years$645$417$261$160$96$48
39 years$621$397$245$147$87$43
40 years$599$377$230$136$79$38
41 years$578$359$215$125$72$34
42 years$558$342$202$116$65$30
43 years$539$326$190$107$59$27
44 years$520$311$178$99$54$24
45 years$503$296$167$91$49$21
46 years$487$283$157$84$44$19
47 years$471$270$147$78$40$17
48 years$456$257$138$72$36$15
49 years$441$246$130$66$33$13
50 years$428$235$122$61$30$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $438,000, adding $6,191 every year, while hoping to spend $20,788 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: 41/44/15 Blend
64$438,000$438,000$438,000$438,000
65$489,062$465,848$459,059$506,714
66$516,828$466,556$452,319$520,491
67$546,730$466,603$444,657$532,882
68$578,962$465,932$436,019$545,846
69$613,741$464,488$426,351$559,445
70$651,303$462,208$415,594$573,749
71$691,908$459,028$403,688$588,835
72$735,841$454,879$390,570$604,792
73$783,415$449,686$376,172$621,716
74$834,977$443,374$360,427$639,717
75$890,904$435,860$343,262$658,918
76$951,616$427,056$324,600$679,455
77$1,017,570$416,871$304,364$701,481
78$1,089,271$405,207$282,469$725,167
79$1,167,275$391,960$258,830$750,701
80$1,252,192$377,022$233,356$778,295
81$1,344,696$360,276$205,954$808,187
82$1,445,526$341,600$176,523$840,637
83$1,555,495$320,864$144,963$875,938
84$1,675,502$297,932$111,165$914,416
85$1,806,531$272,659$75,017$956,432
86$1,949,669$244,892$36,403$1,002,388
87$2,106,112$214,468$0$1,052,731
88$2,277,176$181,217$0$1,108,726
89$2,464,310$144,959$0$1,176,422
90$2,669,109$105,502$0$1,250,619
91$2,893,332$62,645$0$1,332,019
92$3,138,912$16,175$0$1,421,398
93$3,407,981$0$0$1,519,614
94$3,702,886$0$0$1,644,144
95$4,026,210$0$0$1,789,318
96$4,380,801$0$0$1,948,590
97$4,769,794$0$0$2,123,376
98$5,196,641$0$0$2,315,236
99$5,665,148$0$0$2,525,886
100$6,179,503$0$0$2,757,219