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%14.4%
1 years$39,060$38,712$38,373$38,041$37,718$37,032
2 years$19,337$18,976$18,627$18,289$17,961$17,272
3 years$12,763$12,401$12,053$11,718$11,395$10,725
4 years$9,477$9,116$8,772$8,442$8,127$7,481
5 years$7,506$7,147$6,807$6,484$6,178$5,558
6 years$6,192$5,836$5,501$5,186$4,888$4,295
7 years$5,254$4,901$4,572$4,263$3,976$3,409
8 years$4,551$4,201$3,877$3,576$3,298$2,758
9 years$4,004$3,658$3,339$3,046$2,778$2,263
10 years$3,567$3,224$2,911$2,626$2,367$1,878
11 years$3,210$2,870$2,563$2,285$2,035$1,572
12 years$2,912$2,576$2,275$2,005$1,764$1,325
13 years$2,661$2,328$2,032$1,770$1,538$1,123
14 years$2,445$2,116$1,826$1,571$1,348$956
15 years$2,259$1,933$1,649$1,401$1,187$818
16 years$2,096$1,774$1,495$1,254$1,049$701
17 years$1,952$1,634$1,360$1,127$930$603
18 years$1,824$1,510$1,242$1,016$827$520
19 years$1,710$1,399$1,137$918$737$449
20 years$1,608$1,300$1,043$831$659$388
21 years$1,515$1,211$959$754$589$336
22 years$1,431$1,130$884$686$528$292
23 years$1,354$1,057$817$625$474$253
24 years$1,284$991$755$570$426$220
25 years$1,219$930$699$520$384$191
26 years$1,160$874$649$476$345$166
27 years$1,105$822$602$435$311$145
28 years$1,054$775$560$399$281$126
29 years$1,007$731$521$366$254$110
30 years$963$690$485$336$229$96
31 years$922$653$452$308$207$84
32 years$883$617$422$283$188$73
33 years$847$585$394$261$170$64
34 years$813$554$368$240$154$56
35 years$781$526$344$221$139$49
36 years$751$499$322$203$126$42
37 years$723$474$302$187$114$37
38 years$696$450$282$173$104$32
39 years$671$428$265$159$94$28
40 years$647$407$248$147$85$25
41 years$624$388$232$135$77$22
42 years$602$369$218$125$70$19
43 years$582$352$205$115$64$16
44 years$562$335$192$107$58$14
45 years$543$320$180$98$52$13
46 years$525$305$169$91$48$11
47 years$508$291$159$84$43$10
48 years$492$278$150$78$39$8
49 years$477$265$141$72$36$7
50 years$462$254$132$66$32$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $473,000, adding $2,503 every year, while hoping to spend $33,608 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: 67/10/23 Blend
63$473,000$473,000$473,000$473,000
64$523,828$498,759$491,427$555,689
65$541,500$487,439$472,132$566,066
66$559,848$474,439$451,063$573,332
67$578,905$459,639$428,127$580,492
68$598,708$442,916$403,223$587,537
69$619,295$424,138$376,250$594,455
70$640,706$403,164$347,097$601,237
71$662,986$379,846$315,653$607,873
72$686,181$354,030$281,798$614,354
73$710,343$325,549$245,410$620,670
74$735,526$294,229$206,359$626,812
75$761,789$259,885$164,511$632,773
76$789,194$222,322$119,725$638,546
77$817,811$181,335$71,855$644,124
78$847,712$136,704$20,746$649,503
79$878,977$88,201$0$654,679
80$911,692$35,583$0$667,945
81$945,951$0$0$686,981
82$981,854$0$0$709,090
83$1,019,511$0$0$736,394
84$1,059,040$0$0$765,064
85$1,100,570$0$0$795,197
86$1,144,242$0$0$826,894
87$1,190,209$0$0$860,267
88$1,238,635$0$0$895,439
89$1,289,702$0$0$932,543
90$1,343,607$0$0$971,723
91$1,400,565$0$0$1,013,137
92$1,460,809$0$0$1,056,957
93$1,524,596$0$0$1,103,373
94$1,592,205$0$0$1,152,588
95$1,663,941$0$0$1,204,830
96$1,740,138$0$0$1,260,342
97$1,821,161$0$0$1,319,393
98$1,907,409$0$0$1,382,279
99$1,999,321$0$0$1,449,321
100$2,097,374$0$0$1,520,871