Can I retire at age 64 with 470,000?

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 $470,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.8%
1 years$38,812$38,466$38,129$37,800$37,478$37,196
2 years$19,214$18,856$18,509$18,173$17,847$17,562
3 years$12,682$12,323$11,977$11,644$11,323$11,044
4 years$9,417$9,058$8,716$8,389$8,076$7,805
5 years$7,458$7,102$6,764$6,443$6,139$5,878
6 years$6,153$5,799$5,466$5,153$4,857$4,607
7 years$5,221$4,870$4,543$4,236$3,950$3,710
8 years$4,522$4,175$3,852$3,554$3,277$3,046
9 years$3,979$3,635$3,318$3,027$2,760$2,539
10 years$3,545$3,204$2,893$2,609$2,352$2,140
11 years$3,190$2,852$2,547$2,271$2,022$1,821
12 years$2,894$2,560$2,260$1,992$1,753$1,560
13 years$2,644$2,314$2,019$1,759$1,528$1,345
14 years$2,430$2,103$1,814$1,561$1,340$1,165
15 years$2,244$1,921$1,638$1,392$1,180$1,014
16 years$2,082$1,763$1,485$1,247$1,043$885
17 years$1,939$1,623$1,351$1,120$924$775
18 years$1,813$1,500$1,234$1,009$822$681
19 years$1,699$1,390$1,129$912$733$599
20 years$1,597$1,292$1,037$826$654$528
21 years$1,505$1,203$953$750$586$467
22 years$1,422$1,123$879$682$525$413
23 years$1,346$1,050$811$621$471$366
24 years$1,276$984$750$566$423$324
25 years$1,212$924$695$517$381$288
26 years$1,153$868$645$473$343$256
27 years$1,098$817$599$433$309$227
28 years$1,048$770$556$396$279$202
29 years$1,001$726$518$364$252$180
30 years$957$686$482$334$228$160
31 years$916$648$450$306$206$143
32 years$878$613$420$282$186$127
33 years$842$581$392$259$169$113
34 years$808$551$366$238$153$101
35 years$776$522$342$219$138$90
36 years$746$496$320$202$125$81
37 years$718$471$300$186$114$72
38 years$692$447$281$172$103$64
39 years$666$425$263$158$93$57
40 years$643$405$246$146$85$51
41 years$620$385$231$135$77$46
42 years$598$367$217$124$70$41
43 years$578$350$203$115$63$37
44 years$558$333$191$106$57$33
45 years$540$318$179$98$52$29
46 years$522$303$168$90$47$26
47 years$505$289$158$83$43$23
48 years$489$276$149$77$39$21
49 years$474$264$140$71$35$19
50 years$459$252$131$66$32$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $470,000, adding $3,677 every year, while hoping to spend $46,260 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: 59/33/8 Blend
63$470,000$470,000$470,000$470,000
64$521,733$496,823$489,538$551,381
65$525,729$471,947$456,717$546,844
66$528,583$444,302$421,246$536,319
67$530,128$413,702$382,988$523,694
68$530,182$379,954$341,799$508,771
69$528,539$342,851$297,528$491,333
70$524,974$302,174$250,018$471,145
71$519,234$257,693$199,107$447,949
72$511,041$209,166$144,622$421,466
73$500,087$156,334$86,386$391,392
74$486,027$98,926$24,212$357,395
75$468,485$36,656$0$319,113
76$447,038$0$0$279,748
77$421,224$0$0$248,890
78$390,526$0$0$228,144
79$354,378$0$0$203,829
80$312,148$0$0$175,535
81$263,142$0$0$142,809
82$206,592$0$0$105,150
83$141,646$0$0$62,004
84$67,366$0$0$12,761
85$0$0$0$0
86$0$0$0$0
87$0$0$0$0
88$0$0$0$0
89$0$0$0$0
90$0$0$0$0
91$0$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0