Can I retire at age 65 with 477,000?

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 $477,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17%
1 years$39,390$39,039$38,697$38,363$38,037$36,952
2 years$19,500$19,137$18,785$18,444$18,113$17,029
3 years$12,871$12,506$12,155$11,817$11,491$10,442
4 years$9,557$9,193$8,846$8,514$8,196$7,188
5 years$7,569$7,208$6,865$6,539$6,230$5,268
6 years$6,244$5,886$5,548$5,229$4,930$4,014
7 years$5,298$4,943$4,610$4,299$4,009$3,139
8 years$4,589$4,237$3,910$3,607$3,326$2,501
9 years$4,038$3,689$3,368$3,072$2,801$2,021
10 years$3,597$3,252$2,936$2,648$2,387$1,650
11 years$3,237$2,895$2,585$2,305$2,053$1,359
12 years$2,937$2,598$2,294$2,022$1,779$1,126
13 years$2,683$2,348$2,049$1,785$1,551$938
14 years$2,466$2,134$1,841$1,584$1,360$785
15 years$2,278$1,950$1,663$1,413$1,197$659
16 years$2,113$1,789$1,507$1,265$1,058$554
17 years$1,968$1,647$1,372$1,137$938$468
18 years$1,840$1,522$1,252$1,024$834$396
19 years$1,725$1,411$1,146$926$743$335
20 years$1,621$1,311$1,052$838$664$284
21 years$1,528$1,221$968$761$594$241
22 years$1,443$1,140$892$692$533$205
23 years$1,366$1,066$823$630$478$174
24 years$1,295$999$762$575$430$149
25 years$1,230$937$705$525$387$127
26 years$1,170$881$654$480$348$108
27 years$1,114$829$607$439$314$92
28 years$1,063$781$565$402$283$78
29 years$1,015$737$525$369$256$67
30 years$971$696$489$339$231$57
31 years$929$658$456$311$209$49
32 years$891$623$426$286$189$42
33 years$854$590$398$263$171$36
34 years$820$559$371$242$155$30
35 years$788$530$347$223$140$26
36 years$758$503$325$205$127$22
37 years$729$478$304$189$115$19
38 years$702$454$285$174$104$16
39 years$676$432$267$161$95$14
40 years$652$411$250$148$86$12
41 years$629$391$234$137$78$10
42 years$607$372$220$126$71$9
43 years$587$355$206$116$64$7
44 years$567$338$194$107$58$6
45 years$548$323$182$99$53$5
46 years$530$308$171$92$48$5
47 years$513$294$161$85$44$4
48 years$496$280$151$78$40$3
49 years$481$268$142$72$36$3
50 years$466$256$133$67$33$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $477,000, adding $6,697 every year, while hoping to spend $25,898 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: 57/22/21 Blend
64$477,000$477,000$477,000$477,000
65$532,562$507,281$499,887$559,562
66$559,328$504,582$489,078$576,024
67$587,956$500,884$477,039$590,606
68$618,609$496,108$463,701$605,931
69$651,465$490,176$448,993$622,078
70$686,720$482,999$432,840$639,134
71$724,588$474,489$415,163$657,194
72$765,305$464,548$395,880$676,368
73$809,129$453,074$374,905$696,775
74$856,346$439,960$352,149$718,550
75$907,266$425,091$327,519$741,842
76$962,232$408,345$300,916$766,818
77$1,021,621$389,596$272,238$793,661
78$1,085,847$368,707$241,379$822,578
79$1,155,365$345,535$208,227$853,798
80$1,230,674$319,928$172,664$887,574
81$1,312,325$291,727$134,571$924,188
82$1,400,923$260,762$93,819$963,954
83$1,497,132$226,854$50,277$1,007,219
84$1,601,683$189,814$3,805$1,054,370
85$1,715,382$149,441$0$1,105,834
86$1,839,113$105,526$0$1,172,345
87$1,973,851$57,846$0$1,245,748
88$2,120,667$6,164$0$1,325,807
89$2,280,741$0$0$1,413,206
90$2,455,372$0$0$1,520,747
91$2,645,987$0$0$1,639,801
92$2,854,161$0$0$1,769,863
93$3,081,625$0$0$1,912,019
94$3,330,284$0$0$2,067,466
95$3,602,238$0$0$2,237,522
96$3,899,798$0$0$2,423,638
97$4,225,508$0$0$2,627,411
98$4,582,170$0$0$2,850,600
99$4,972,870$0$0$3,095,144
100$5,401,006$0$0$3,363,175