Can I retire at age 64 with 476,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $476,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.4%
1 years$39,308$38,958$38,616$38,282$37,957$37,734
2 years$19,459$19,097$18,746$18,405$18,075$17,849
3 years$12,844$12,480$12,130$11,792$11,467$11,247
4 years$9,537$9,174$8,827$8,496$8,179$7,965
5 years$7,553$7,193$6,850$6,525$6,217$6,011
6 years$6,231$5,873$5,536$5,218$4,919$4,721
7 years$5,287$4,932$4,601$4,290$4,001$3,810
8 years$4,580$4,228$3,902$3,599$3,319$3,136
9 years$4,030$3,681$3,360$3,066$2,795$2,619
10 years$3,590$3,245$2,930$2,643$2,382$2,213
11 years$3,230$2,889$2,579$2,300$2,048$1,888
12 years$2,931$2,593$2,289$2,017$1,775$1,622
13 years$2,678$2,343$2,045$1,781$1,548$1,402
14 years$2,461$2,130$1,838$1,581$1,357$1,218
15 years$2,273$1,946$1,659$1,410$1,195$1,062
16 years$2,109$1,785$1,504$1,262$1,056$930
17 years$1,964$1,644$1,369$1,134$936$817
18 years$1,836$1,519$1,249$1,022$832$719
19 years$1,721$1,408$1,144$924$742$635
20 years$1,618$1,308$1,050$837$663$561
21 years$1,525$1,219$966$759$593$497
22 years$1,440$1,138$890$690$532$441
23 years$1,363$1,064$822$629$477$392
24 years$1,292$997$760$573$429$349
25 years$1,227$935$704$524$386$310
26 years$1,167$879$653$479$348$276
27 years$1,112$827$606$438$313$247
28 years$1,061$780$564$402$283$220
29 years$1,013$736$524$368$255$196
30 years$969$695$488$338$231$176
31 years$928$657$455$310$209$157
32 years$889$621$425$285$189$140
33 years$852$588$397$262$171$126
34 years$818$558$371$241$155$112
35 years$786$529$347$222$140$101
36 years$756$502$324$205$127$90
37 years$727$477$303$189$115$81
38 years$700$453$284$174$104$72
39 years$675$431$266$160$95$65
40 years$651$410$250$148$86$58
41 years$628$390$234$136$78$52
42 years$606$372$219$126$71$47
43 years$585$354$206$116$64$42
44 years$566$338$193$107$58$38
45 years$547$322$182$99$53$34
46 years$529$307$170$91$48$30
47 years$512$293$160$85$44$27
48 years$495$280$151$78$40$24
49 years$480$267$141$72$36$22
50 years$465$255$133$67$33$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $476,000, adding $3,467 every year, while hoping to spend $36,991 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: 79/8/13 Blend
63$476,000$476,000$476,000$476,000
64$528,128$502,900$495,522$568,239
65$542,639$488,184$472,764$580,395
66$557,390$471,507$448,004$588,621
67$572,367$452,734$421,135$596,588
68$587,553$431,723$392,047$604,254
69$602,927$408,320$360,624$611,573
70$618,465$382,368$326,745$618,496
71$634,141$353,696$290,283$624,966
72$649,922$322,126$251,107$630,925
73$665,773$287,469$209,077$636,305
74$681,651$249,524$164,051$641,036
75$697,510$208,082$115,877$645,038
76$713,296$162,918$64,399$648,225
77$728,949$113,797$9,452$650,502
78$744,399$60,470$0$651,766
79$759,570$2,675$0$658,726
80$774,374$0$0$666,279
81$788,714$0$0$678,272
82$802,480$0$0$689,993
83$815,550$0$0$701,100
84$827,787$0$0$711,472
85$839,036$0$0$720,977
86$849,128$0$0$729,464
87$857,872$0$0$736,768
88$865,054$0$0$742,704
89$870,439$0$0$747,064
90$873,763$0$0$749,620
91$874,734$0$0$750,117
92$873,028$0$0$748,273
93$868,283$0$0$743,771
94$860,100$0$0$736,265
95$848,035$0$0$725,366
96$831,595$0$0$710,647
97$810,236$0$0$691,633
98$783,353$0$0$667,797
99$750,279$0$0$638,556
100$710,272$0$0$603,267