Can I retire at age 65 with 447,000?

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 $447,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11%
1 years$36,913$36,584$36,263$35,950$35,644$35,494
2 years$18,274$17,933$17,604$17,284$16,974$16,822
3 years$12,061$11,720$11,391$11,074$10,769$10,620
4 years$8,956$8,615$8,289$7,978$7,680$7,536
5 years$7,093$6,754$6,433$6,128$5,838$5,699
6 years$5,852$5,515$5,199$4,901$4,620$4,486
7 years$4,965$4,632$4,320$4,029$3,757$3,628
8 years$4,301$3,970$3,664$3,380$3,117$2,993
9 years$3,784$3,457$3,156$2,879$2,625$2,506
10 years$3,371$3,047$2,751$2,482$2,237$2,123
11 years$3,033$2,713$2,422$2,160$1,923$1,814
12 years$2,752$2,435$2,150$1,894$1,667$1,563
13 years$2,514$2,200$1,921$1,672$1,454$1,354
14 years$2,311$2,000$1,726$1,485$1,274$1,179
15 years$2,135$1,827$1,558$1,324$1,122$1,032
16 years$1,980$1,676$1,413$1,186$992$906
17 years$1,845$1,544$1,285$1,065$879$798
18 years$1,724$1,427$1,173$960$782$704
19 years$1,616$1,322$1,074$867$697$623
20 years$1,519$1,229$986$786$622$553
21 years$1,432$1,144$907$713$557$491
22 years$1,352$1,068$836$648$499$437
23 years$1,280$999$772$590$448$389
24 years$1,213$936$714$538$403$347
25 years$1,152$878$661$492$362$310
26 years$1,096$826$613$450$326$277
27 years$1,044$777$569$412$294$248
28 years$996$732$529$377$266$222
29 years$952$691$492$346$240$199
30 years$910$652$459$317$217$178
31 years$871$617$428$291$196$160
32 years$835$583$399$268$177$144
33 years$801$553$373$246$160$129
34 years$768$524$348$227$145$116
35 years$738$497$325$209$132$104
36 years$710$471$304$192$119$93
37 years$683$448$285$177$108$84
38 years$658$426$267$163$98$75
39 years$634$405$250$150$89$68
40 years$611$385$234$139$81$61
41 years$590$366$220$128$73$55
42 years$569$349$206$118$66$49
43 years$550$333$193$109$60$44
44 years$531$317$182$101$55$40
45 years$513$302$170$93$50$36
46 years$497$288$160$86$45$32
47 years$481$275$150$79$41$29
48 years$465$263$141$73$37$26
49 years$450$251$133$68$34$24
50 years$436$240$125$63$31$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $447,000, adding $6,320 every year, while hoping to spend $36,257 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: 56/39/5 Blend
64$447,000$447,000$447,000$447,000
65$499,113$475,422$468,494$526,214
66$511,445$460,141$445,611$529,904
67$523,821$442,895$420,747$529,295
68$536,204$423,551$393,796$527,729
69$548,559$401,966$364,649$525,117
70$560,839$377,990$333,193$521,365
71$572,997$351,464$299,306$516,371
72$584,975$322,218$262,866$510,026
73$596,712$290,076$223,741$502,212
74$608,136$254,849$181,796$492,800
75$619,167$216,339$136,888$481,654
76$629,718$174,335$88,869$468,624
77$639,688$128,616$37,585$453,552
78$648,965$78,947$0$436,263
79$657,426$25,082$0$417,486
80$664,931$0$0$398,305
81$671,325$0$0$390,769
82$676,437$0$0$393,182
83$680,075$0$0$394,663
84$682,024$0$0$395,078
85$682,049$0$0$394,280
86$679,885$0$0$392,106
87$675,242$0$0$388,375
88$667,794$0$0$382,887
89$657,182$0$0$375,417
90$643,008$0$0$365,721
91$624,830$0$0$353,523
92$602,159$0$0$338,522
93$574,455$0$0$320,383
94$541,117$0$0$298,735
95$501,482$0$0$273,167
96$454,818$0$0$243,226
97$400,313$0$0$208,410
98$337,070$0$0$168,164
99$264,098$0$0$121,877
100$180,301$0$0$68,869