Can I retire at age 65 with 456,000?

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 $456,000?

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$37,656$37,321$36,993$36,674$36,362$35,908
2 years$18,642$18,294$17,958$17,632$17,315$16,858
3 years$12,304$11,956$11,620$11,297$10,986$10,540
4 years$9,136$8,789$8,456$8,139$7,835$7,404
5 years$7,236$6,890$6,562$6,251$5,956$5,541
6 years$5,969$5,627$5,303$4,999$4,713$4,314
7 years$5,065$4,725$4,407$4,110$3,833$3,451
8 years$4,387$4,050$3,738$3,448$3,180$2,815
9 years$3,860$3,527$3,219$2,937$2,678$2,329
10 years$3,439$3,108$2,807$2,532$2,282$1,949
11 years$3,094$2,767$2,471$2,203$1,962$1,646
12 years$2,808$2,484$2,193$1,933$1,700$1,400
13 years$2,565$2,245$1,959$1,706$1,483$1,198
14 years$2,357$2,040$1,760$1,515$1,300$1,029
15 years$2,177$1,864$1,589$1,351$1,144$888
16 years$2,020$1,710$1,441$1,209$1,011$769
17 years$1,882$1,575$1,311$1,087$897$668
18 years$1,759$1,455$1,197$979$797$582
19 years$1,649$1,349$1,096$885$711$508
20 years$1,550$1,253$1,006$801$635$444
21 years$1,460$1,167$925$727$568$388
22 years$1,379$1,090$853$661$509$340
23 years$1,305$1,019$787$602$457$299
24 years$1,238$955$728$549$411$262
25 years$1,176$896$674$502$370$231
26 years$1,118$842$625$459$333$203
27 years$1,065$793$581$420$300$179
28 years$1,016$747$540$385$271$158
29 years$971$705$502$353$245$139
30 years$928$665$468$324$221$122
31 years$889$629$436$297$200$108
32 years$851$595$407$273$181$95
33 years$817$564$380$251$164$84
34 years$784$534$355$231$148$74
35 years$753$507$332$213$134$66
36 years$724$481$311$196$122$58
37 years$697$457$291$181$110$51
38 years$671$434$272$166$100$45
39 years$647$413$255$153$91$40
40 years$623$393$239$142$82$35
41 years$601$374$224$131$75$31
42 years$581$356$210$121$68$28
43 years$561$339$197$111$61$24
44 years$542$323$185$103$56$22
45 years$524$308$174$95$51$19
46 years$507$294$163$88$46$17
47 years$490$281$153$81$42$15
48 years$475$268$144$75$38$13
49 years$460$256$136$69$34$12
50 years$445$244$127$64$31$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $456,000, adding $2,532 every year, while hoping to spend $27,614 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: 72/7/21 Blend
64$456,000$456,000$456,000$456,000
65$505,124$480,956$473,888$538,733
66$527,265$475,142$460,382$555,627
67$550,740$468,117$445,498$570,584
68$575,654$459,793$429,161$586,275
69$602,125$450,077$411,292$602,769
70$630,280$438,869$391,809$620,142
71$660,259$426,064$370,625$638,479
72$692,215$411,551$347,650$657,873
73$726,316$395,212$322,792$678,429
74$762,745$376,923$295,950$700,261
75$801,704$356,551$267,024$723,498
76$843,413$333,958$235,904$748,282
77$888,115$308,995$202,481$774,768
78$936,074$281,507$166,635$803,132
79$987,583$251,330$128,246$833,566
80$1,042,960$218,289$87,186$866,283
81$1,102,557$182,200$43,322$901,520
82$1,166,759$142,869$0$939,537
83$1,235,990$100,091$0$981,406
84$1,310,714$53,649$0$1,037,076
85$1,391,442$3,313$0$1,097,218
86$1,478,737$0$0$1,162,259
87$1,573,214$0$0$1,236,611
88$1,675,554$0$0$1,317,444
89$1,786,500$0$0$1,405,095
90$1,906,875$0$0$1,500,215
91$2,037,579$0$0$1,603,519
92$2,179,606$0$0$1,715,794
93$2,334,047$0$0$1,837,905
94$2,502,102$0$0$1,970,805
95$2,685,093$0$0$2,115,542
96$2,884,475$0$0$2,273,269
97$3,101,846$0$0$2,445,256
98$3,338,969$0$0$2,632,899
99$3,597,782$0$0$2,837,735
100$3,880,418$0$0$3,061,458