Can I retire at age 64 with 478,000?

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 $478,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.4%
1 years$39,473$39,121$38,778$38,443$38,116$37,271
2 years$19,541$19,177$18,824$18,482$18,151$17,303
3 years$12,898$12,532$12,181$11,842$11,516$10,692
4 years$9,577$9,213$8,864$8,531$8,213$7,421
5 years$7,585$7,223$6,879$6,553$6,243$5,484
6 years$6,257$5,898$5,559$5,240$4,940$4,215
7 years$5,310$4,953$4,620$4,308$4,018$3,326
8 years$4,599$4,246$3,918$3,614$3,333$2,676
9 years$4,047$3,697$3,375$3,079$2,807$2,183
10 years$3,605$3,258$2,942$2,654$2,392$1,800
11 years$3,244$2,901$2,590$2,310$2,057$1,497
12 years$2,943$2,604$2,299$2,026$1,782$1,254
13 years$2,689$2,353$2,054$1,788$1,554$1,056
14 years$2,471$2,139$1,845$1,588$1,363$893
15 years$2,283$1,954$1,666$1,416$1,200$758
16 years$2,118$1,793$1,510$1,268$1,060$645
17 years$1,972$1,651$1,374$1,139$940$551
18 years$1,843$1,525$1,255$1,027$836$471
19 years$1,728$1,414$1,149$928$745$404
20 years$1,625$1,314$1,054$840$665$347
21 years$1,531$1,224$970$762$596$298
22 years$1,446$1,142$894$693$534$257
23 years$1,368$1,068$825$631$479$221
24 years$1,298$1,001$763$576$431$191
25 years$1,232$939$707$526$388$164
26 years$1,172$883$656$481$349$142
27 years$1,117$831$609$440$315$123
28 years$1,065$783$566$403$284$106
29 years$1,018$739$527$370$256$92
30 years$973$698$491$339$232$79
31 years$931$659$457$312$209$68
32 years$893$624$427$286$190$59
33 years$856$591$398$263$172$51
34 years$822$560$372$242$155$44
35 years$790$531$348$223$141$38
36 years$759$504$326$205$127$33
37 years$731$479$305$189$115$29
38 years$703$455$285$174$105$25
39 years$678$433$267$161$95$22
40 years$654$412$251$148$86$19
41 years$630$392$235$137$78$16
42 years$609$373$220$126$71$14
43 years$588$356$207$117$64$12
44 years$568$339$194$108$58$11
45 years$549$323$182$99$53$9
46 years$531$308$171$92$48$8
47 years$514$294$161$85$44$7
48 years$497$281$151$78$40$6
49 years$482$268$142$72$36$5
50 years$467$256$134$67$33$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $478,000, adding $5,043 every year, while hoping to spend $31,857 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: 24/47/29 Blend
63$478,000$478,000$478,000$478,000
64$531,958$506,624$499,215$539,797
65$552,322$497,553$482,043$537,802
66$573,695$486,970$463,228$532,659
67$596,148$474,766$442,682$526,485
68$619,754$460,829$420,311$519,217
69$644,597$445,037$396,019$510,788
70$670,764$427,263$369,704$501,128
71$698,354$407,371$341,261$490,164
72$727,472$385,218$310,579$477,821
73$758,233$360,653$277,543$464,020
74$790,764$333,516$242,031$448,679
75$825,201$303,637$203,919$431,714
76$861,695$270,839$163,073$413,037
77$900,410$234,932$119,358$392,556
78$941,524$195,716$72,629$370,179
79$985,234$152,981$22,737$345,808
80$1,031,755$106,503$0$319,342
81$1,081,320$56,048$0$300,120
82$1,134,187$1,367$0$286,718
83$1,190,637$0$0$272,037
84$1,250,980$0$0$285,917
85$1,315,553$0$0$301,580
86$1,384,726$0$0$318,414
87$1,458,908$0$0$336,528
88$1,538,544$0$0$356,036
89$1,624,124$0$0$377,068
90$1,716,185$0$0$399,763
91$1,815,318$0$0$424,276
92$1,922,171$0$0$450,778
93$2,037,457$0$0$479,454
94$2,161,957$0$0$510,511
95$2,296,532$0$0$544,172
96$2,442,126$0$0$580,688
97$2,599,778$0$0$620,330
98$2,770,630$0$0$663,398
99$2,955,938$0$0$710,223
100$3,157,082$0$0$761,167