Can I retire at age 65 with 458,000?

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 $458,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12%
1 years$37,821$37,484$37,156$36,835$36,522$36,216
2 years$18,723$18,375$18,037$17,709$17,391$17,083
3 years$12,358$12,008$11,671$11,346$11,034$10,732
4 years$9,176$8,827$8,493$8,174$7,869$7,578
5 years$7,268$6,921$6,591$6,279$5,982$5,701
6 years$5,996$5,651$5,327$5,021$4,733$4,463
7 years$5,087$4,746$4,427$4,128$3,850$3,590
8 years$4,407$4,068$3,754$3,463$3,194$2,944
9 years$3,877$3,542$3,233$2,950$2,689$2,451
10 years$3,454$3,122$2,819$2,543$2,292$2,064
11 years$3,108$2,779$2,482$2,213$1,971$1,753
12 years$2,820$2,495$2,202$1,941$1,708$1,501
13 years$2,576$2,254$1,968$1,714$1,489$1,292
14 years$2,368$2,049$1,768$1,521$1,306$1,118
15 years$2,187$1,872$1,596$1,357$1,149$971
16 years$2,029$1,718$1,447$1,215$1,016$847
17 years$1,890$1,582$1,317$1,091$901$741
18 years$1,766$1,462$1,202$984$801$650
19 years$1,656$1,355$1,101$889$714$571
20 years$1,557$1,259$1,010$805$638$503
21 years$1,467$1,173$929$731$571$443
22 years$1,385$1,094$856$664$511$392
23 years$1,311$1,024$791$605$459$346
24 years$1,243$959$731$552$413$307
25 years$1,181$900$677$504$371$272
26 years$1,123$846$628$461$335$241
27 years$1,070$796$583$422$302$214
28 years$1,021$750$542$386$272$190
29 years$975$708$505$354$246$169
30 years$932$668$470$325$222$150
31 years$892$632$438$299$201$133
32 years$855$598$409$274$182$119
33 years$820$566$382$252$164$106
34 years$787$537$357$232$149$94
35 years$757$509$333$214$135$84
36 years$727$483$312$197$122$75
37 years$700$459$292$181$111$67
38 years$674$436$273$167$100$59
39 years$649$415$256$154$91$53
40 years$626$394$240$142$83$47
41 years$604$375$225$131$75$42
42 years$583$358$211$121$68$38
43 years$563$341$198$112$62$33
44 years$544$325$186$103$56$30
45 years$526$310$175$95$51$27
46 years$509$295$164$88$46$24
47 years$492$282$154$81$42$21
48 years$477$269$145$75$38$19
49 years$462$257$136$69$35$17
50 years$447$246$128$64$31$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $458,000, adding $3,589 every year, while hoping to spend $20,504 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: 57/14/29 Blend
64$458,000$458,000$458,000$458,000
65$508,418$484,144$477,045$533,160
66$538,461$486,051$471,210$552,469
67$570,880$487,364$464,492$571,064
68$605,898$488,033$456,841$590,917
69$643,756$488,003$448,201$612,159
70$684,722$487,218$438,519$634,930
71$729,088$485,616$427,733$659,388
72$777,177$483,133$415,784$685,709
73$829,343$479,701$402,607$714,085
74$885,976$475,247$388,135$744,731
75$947,506$469,693$372,297$777,883
76$1,014,402$462,960$355,021$813,805
77$1,087,186$454,959$336,228$852,785
78$1,166,426$445,599$315,839$895,146
79$1,252,752$434,784$293,770$941,243
80$1,346,855$422,410$269,933$991,468
81$1,449,495$408,370$244,237$1,046,256
82$1,561,510$392,547$216,586$1,106,088
83$1,683,823$374,819$186,880$1,171,495
84$1,817,446$355,059$155,014$1,243,063
85$1,963,499$333,130$120,880$1,321,443
86$2,123,210$308,888$84,364$1,407,352
87$2,297,933$282,179$45,346$1,501,582
88$2,489,160$252,844$3,703$1,605,009
89$2,698,533$220,712$0$1,718,600
90$2,927,860$185,603$0$1,856,031
91$3,179,131$147,327$0$2,007,918
92$3,454,540$105,684$0$2,174,461
93$3,756,501$60,460$0$2,357,147
94$4,087,675$11,433$0$2,557,613
95$4,450,990$0$0$2,777,665
96$4,849,675$0$0$3,025,705
97$5,287,283$0$0$3,299,936
98$5,767,730$0$0$3,601,055
99$6,295,328$0$0$3,931,771
100$6,874,829$0$0$4,295,068