Can I retire at age 64 with 473,000?

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 $473,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.3%
1 years$39,060$38,712$38,373$38,041$37,718$36,452
2 years$19,337$18,976$18,627$18,289$17,961$16,698
3 years$12,763$12,401$12,053$11,718$11,395$10,175
4 years$9,477$9,116$8,772$8,442$8,127$6,959
5 years$7,506$7,147$6,807$6,484$6,178$5,065
6 years$6,192$5,836$5,501$5,186$4,888$3,832
7 years$5,254$4,901$4,572$4,263$3,976$2,975
8 years$4,551$4,201$3,877$3,576$3,298$2,352
9 years$4,004$3,658$3,339$3,046$2,778$1,885
10 years$3,567$3,224$2,911$2,626$2,367$1,527
11 years$3,210$2,870$2,563$2,285$2,035$1,247
12 years$2,912$2,576$2,275$2,005$1,764$1,024
13 years$2,661$2,328$2,032$1,770$1,538$846
14 years$2,445$2,116$1,826$1,571$1,348$701
15 years$2,259$1,933$1,649$1,401$1,187$583
16 years$2,096$1,774$1,495$1,254$1,049$486
17 years$1,952$1,634$1,360$1,127$930$407
18 years$1,824$1,510$1,242$1,016$827$340
19 years$1,710$1,399$1,137$918$737$286
20 years$1,608$1,300$1,043$831$659$240
21 years$1,515$1,211$959$754$589$202
22 years$1,431$1,130$884$686$528$170
23 years$1,354$1,057$817$625$474$143
24 years$1,284$991$755$570$426$120
25 years$1,219$930$699$520$384$101
26 years$1,160$874$649$476$345$86
27 years$1,105$822$602$435$311$72
28 years$1,054$775$560$399$281$61
29 years$1,007$731$521$366$254$51
30 years$963$690$485$336$229$43
31 years$922$653$452$308$207$37
32 years$883$617$422$283$188$31
33 years$847$585$394$261$170$26
34 years$813$554$368$240$154$22
35 years$781$526$344$221$139$19
36 years$751$499$322$203$126$16
37 years$723$474$302$187$114$13
38 years$696$450$282$173$104$11
39 years$671$428$265$159$94$10
40 years$647$407$248$147$85$8
41 years$624$388$232$135$77$7
42 years$602$369$218$125$70$6
43 years$582$352$205$115$64$5
44 years$562$335$192$107$58$4
45 years$543$320$180$98$52$3
46 years$525$305$169$91$48$3
47 years$508$291$159$84$43$2
48 years$492$278$150$78$39$2
49 years$477$265$141$72$36$2
50 years$462$254$132$66$32$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $473,000, adding $2,201 every year, while hoping to spend $23,581 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: 59/31/10 Blend
63$473,000$473,000$473,000$473,000
64$523,516$498,447$491,116$553,048
65$551,825$497,781$482,478$572,498
66$582,231$496,292$472,761$590,841
67$614,923$493,915$461,903$610,266
68$650,108$490,580$449,840$630,878
69$688,016$486,215$436,506$652,795
70$728,895$480,741$421,830$676,147
71$773,020$474,076$405,740$701,079
72$820,695$466,132$388,159$727,751
73$872,250$456,817$369,007$756,340
74$928,052$446,032$348,200$787,043
75$988,500$433,675$325,652$820,079
76$1,054,036$419,634$301,270$855,688
77$1,125,145$403,794$274,960$894,139
78$1,202,361$386,030$246,622$935,728
79$1,286,269$366,214$216,152$980,784
80$1,377,517$344,206$183,441$1,029,670
81$1,476,813$319,862$148,376$1,082,789
82$1,584,939$293,026$110,838$1,140,586
83$1,702,755$263,537$70,703$1,203,556
84$1,831,207$231,221$27,843$1,272,243
85$1,971,337$195,898$0$1,347,253
86$2,124,290$157,373$0$1,431,162
87$2,291,328$115,446$0$1,526,095
88$2,473,841$69,900$0$1,629,912
89$2,673,357$20,509$0$1,743,532
90$2,891,561$0$0$1,867,973
91$3,130,304$0$0$2,015,603
92$3,391,630$0$0$2,184,892
93$3,677,785$0$0$2,370,306
94$3,991,244$0$0$2,573,452
95$4,334,733$0$0$2,796,102
96$4,711,254$0$0$3,040,208
97$5,124,113$0$0$3,307,917
98$5,576,952$0$0$3,601,598
99$6,073,781$0$0$3,923,857
100$6,619,018$0$0$4,277,565