Can I retire at age 65 with 450,000?

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 $450,000?

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$37,161$36,830$36,507$36,191$35,884$35,435
2 years$18,396$18,054$17,722$17,400$17,087$16,636
3 years$12,142$11,798$11,467$11,148$10,841$10,401
4 years$9,016$8,673$8,345$8,032$7,732$7,307
5 years$7,141$6,800$6,476$6,169$5,878$5,468
6 years$5,891$5,552$5,234$4,933$4,651$4,258
7 years$4,999$4,663$4,349$4,056$3,782$3,406
8 years$4,330$3,997$3,688$3,403$3,138$2,778
9 years$3,810$3,480$3,177$2,898$2,642$2,299
10 years$3,394$3,068$2,770$2,498$2,252$1,924
11 years$3,054$2,731$2,438$2,174$1,936$1,624
12 years$2,771$2,451$2,164$1,907$1,678$1,381
13 years$2,531$2,215$1,933$1,684$1,463$1,182
14 years$2,326$2,013$1,737$1,495$1,283$1,016
15 years$2,149$1,839$1,568$1,333$1,129$877
16 years$1,994$1,688$1,422$1,193$998$759
17 years$1,857$1,554$1,294$1,072$885$659
18 years$1,735$1,436$1,181$966$787$574
19 years$1,627$1,331$1,081$873$701$501
20 years$1,529$1,237$992$791$627$438
21 years$1,441$1,152$913$718$561$383
22 years$1,361$1,075$841$653$503$336
23 years$1,288$1,006$777$594$451$295
24 years$1,222$942$718$542$405$259
25 years$1,160$884$665$495$365$228
26 years$1,104$831$617$453$329$200
27 years$1,051$782$573$414$296$176
28 years$1,003$737$533$380$267$155
29 years$958$695$496$348$241$137
30 years$916$657$462$319$218$121
31 years$877$621$430$293$197$107
32 years$840$587$402$270$178$94
33 years$806$556$375$248$161$83
34 years$774$527$350$228$146$73
35 years$743$500$328$210$132$65
36 years$715$475$306$193$120$57
37 years$688$451$287$178$109$51
38 years$662$428$269$164$99$45
39 years$638$407$252$151$89$40
40 years$615$388$236$140$81$35
41 years$594$369$221$129$74$31
42 years$573$351$207$119$67$27
43 years$553$335$195$110$61$24
44 years$535$319$183$101$55$21
45 years$517$304$172$94$50$19
46 years$500$290$161$86$45$17
47 years$484$277$151$80$41$15
48 years$468$264$142$74$37$13
49 years$454$253$134$68$34$12
50 years$439$241$126$63$31$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $450,000, adding $2,892 every year, while hoping to spend $31,061 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: 58/31/11 Blend
64$450,000$450,000$450,000$450,000
65$498,883$475,033$468,058$526,321
66$516,721$465,261$450,689$535,381
67$535,336$453,969$431,698$541,530
68$554,777$441,050$410,996$547,484
69$575,093$426,390$388,493$553,231
70$596,339$409,870$364,094$558,753
71$618,573$391,361$337,699$564,037
72$641,860$370,730$309,204$569,067
73$666,268$347,834$278,501$573,829
74$691,872$322,522$245,475$578,310
75$718,753$294,637$210,009$582,495
76$747,000$264,008$171,979$586,374
77$776,709$230,459$131,255$589,934
78$807,984$193,802$87,702$593,166
79$840,938$153,838$41,180$596,062
80$875,696$110,359$0$598,617
81$912,392$63,141$0$601,821
82$951,173$11,952$0$609,903
83$992,200$0$0$618,047
84$1,035,648$0$0$641,104
85$1,081,708$0$0$669,887
86$1,130,590$0$0$700,454
87$1,182,522$0$0$732,948
88$1,237,755$0$0$767,530
89$1,296,562$0$0$804,374
90$1,359,242$0$0$843,670
91$1,426,124$0$0$885,627
92$1,497,568$0$0$930,476
93$1,573,967$0$0$978,466
94$1,655,754$0$0$1,029,873
95$1,743,403$0$0$1,084,999
96$1,837,433$0$0$1,144,176
97$1,938,414$0$0$1,207,767
98$2,046,972$0$0$1,276,170
99$2,163,795$0$0$1,349,825
100$2,289,636$0$0$1,429,213