Can I retire at age 65 with 474,000?

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 $474,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.9%
1 years$39,142$38,794$38,454$38,122$37,797$37,496
2 years$19,377$19,017$18,667$18,328$17,999$17,695
3 years$12,790$12,428$12,079$11,743$11,419$11,123
4 years$9,497$9,136$8,790$8,460$8,144$7,857
5 years$7,522$7,162$6,822$6,498$6,191$5,914
6 years$6,205$5,849$5,513$5,197$4,899$4,632
7 years$5,265$4,912$4,581$4,272$3,984$3,728
8 years$4,560$4,210$3,885$3,584$3,305$3,060
9 years$4,013$3,666$3,346$3,053$2,783$2,548
10 years$3,575$3,231$2,917$2,632$2,372$2,147
11 years$3,217$2,877$2,568$2,290$2,040$1,825
12 years$2,918$2,582$2,279$2,009$1,768$1,563
13 years$2,666$2,333$2,037$1,773$1,541$1,347
14 years$2,450$2,121$1,830$1,574$1,351$1,166
15 years$2,263$1,937$1,652$1,404$1,190$1,014
16 years$2,100$1,778$1,498$1,257$1,051$885
17 years$1,956$1,637$1,363$1,130$932$774
18 years$1,828$1,513$1,244$1,018$829$679
19 years$1,714$1,402$1,139$920$739$598
20 years$1,611$1,303$1,045$833$660$526
21 years$1,518$1,213$962$756$591$465
22 years$1,434$1,133$886$687$529$411
23 years$1,357$1,059$818$626$475$363
24 years$1,287$993$757$571$427$322
25 years$1,222$932$701$521$384$286
26 years$1,163$875$650$477$346$253
27 years$1,107$824$604$436$312$225
28 years$1,056$776$561$400$282$200
29 years$1,009$732$522$367$254$178
30 years$965$692$486$337$230$158
31 years$924$654$453$309$208$141
32 years$885$619$423$284$188$126
33 years$849$586$395$261$170$112
34 years$815$555$369$240$154$100
35 years$783$527$345$221$139$89
36 years$753$500$323$204$126$79
37 years$724$475$302$188$115$71
38 years$698$451$283$173$104$63
39 years$672$429$265$160$94$56
40 years$648$408$248$147$85$50
41 years$625$389$233$136$77$45
42 years$603$370$219$125$70$40
43 years$583$353$205$116$64$36
44 years$563$336$193$107$58$32
45 years$544$321$181$99$53$29
46 years$527$306$170$91$48$25
47 years$510$292$159$84$43$23
48 years$493$279$150$78$39$20
49 years$478$266$141$72$36$18
50 years$463$254$132$66$32$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $474,000, adding $4,226 every year, while hoping to spend $29,693 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: 67/15/18 Blend
64$474,000$474,000$474,000$474,000
65$526,707$501,585$494,238$559,400
66$548,838$494,570$479,202$574,777
67$572,231$486,215$462,667$587,740
68$596,984$476,425$444,551$601,190
69$623,203$465,096$424,770$615,172
70$651,003$452,120$403,234$629,739
71$680,513$437,381$379,850$644,950
72$711,871$420,758$354,520$660,870
73$745,228$402,122$327,143$677,572
74$780,752$381,336$297,613$695,137
75$818,623$358,256$265,817$713,657
76$859,042$332,730$231,641$733,233
77$902,226$304,596$194,963$753,978
78$948,416$273,683$155,657$776,020
79$997,872$239,812$113,590$799,498
80$1,050,884$202,792$68,624$824,571
81$1,107,767$162,421$20,616$851,412
82$1,168,867$118,488$0$880,216
83$1,234,565$70,767$0$917,081
84$1,305,278$19,022$0$960,973
85$1,381,465$0$0$1,008,228
86$1,463,628$0$0$1,065,284
87$1,552,322$0$0$1,130,286
88$1,648,154$0$0$1,200,543
89$1,751,791$0$0$1,276,547
90$1,863,969$0$0$1,358,841
91$1,985,494$0$0$1,448,020
92$2,117,254$0$0$1,544,738
93$2,260,224$0$0$1,649,715
94$2,415,478$0$0$1,763,744
95$2,584,196$0$0$1,887,695
96$2,767,677$0$0$2,022,526
97$2,967,350$0$0$2,169,292
98$3,184,787$0$0$2,329,154
99$3,421,717$0$0$2,503,386
100$3,680,045$0$0$2,693,395