Can I retire at age 65 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%14.1%
1 years$39,473$39,121$38,778$38,443$38,116$37,470
2 years$19,541$19,177$18,824$18,482$18,151$17,501
3 years$12,898$12,532$12,181$11,842$11,516$10,883
4 years$9,577$9,213$8,864$8,531$8,213$7,603
5 years$7,585$7,223$6,879$6,553$6,243$5,657
6 years$6,257$5,898$5,559$5,240$4,940$4,379
7 years$5,310$4,953$4,620$4,308$4,018$3,481
8 years$4,599$4,246$3,918$3,614$3,333$2,821
9 years$4,047$3,697$3,375$3,079$2,807$2,320
10 years$3,605$3,258$2,942$2,654$2,392$1,928
11 years$3,244$2,901$2,590$2,310$2,057$1,617
12 years$2,943$2,604$2,299$2,026$1,782$1,366
13 years$2,689$2,353$2,054$1,788$1,554$1,160
14 years$2,471$2,139$1,845$1,588$1,363$990
15 years$2,283$1,954$1,666$1,416$1,200$848
16 years$2,118$1,793$1,510$1,268$1,060$728
17 years$1,972$1,651$1,374$1,139$940$628
18 years$1,843$1,525$1,255$1,027$836$542
19 years$1,728$1,414$1,149$928$745$469
20 years$1,625$1,314$1,054$840$665$407
21 years$1,531$1,224$970$762$596$353
22 years$1,446$1,142$894$693$534$307
23 years$1,368$1,068$825$631$479$267
24 years$1,298$1,001$763$576$431$233
25 years$1,232$939$707$526$388$203
26 years$1,172$883$656$481$349$177
27 years$1,117$831$609$440$315$154
28 years$1,065$783$566$403$284$135
29 years$1,018$739$527$370$256$118
30 years$973$698$491$339$232$103
31 years$931$659$457$312$209$90
32 years$893$624$427$286$190$79
33 years$856$591$398$263$172$69
34 years$822$560$372$242$155$60
35 years$790$531$348$223$141$53
36 years$759$504$326$205$127$46
37 years$731$479$305$189$115$40
38 years$703$455$285$174$105$35
39 years$678$433$267$161$95$31
40 years$654$412$251$148$86$27
41 years$630$392$235$137$78$24
42 years$609$373$220$126$71$21
43 years$588$356$207$117$64$18
44 years$568$339$194$108$58$16
45 years$549$323$182$99$53$14
46 years$531$308$171$92$48$12
47 years$514$294$161$85$44$11
48 years$497$281$151$78$40$9
49 years$482$268$142$72$36$8
50 years$467$256$134$67$33$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $478,000, adding $2,525 every year, while hoping to spend $22,151 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: 40/47/13 Blend
64$478,000$478,000$478,000$478,000
65$529,361$504,027$496,618$548,388
66$559,787$505,155$489,686$563,210
67$592,574$505,597$481,779$576,868
68$627,940$505,295$472,842$591,160
69$666,123$504,187$462,816$606,152
70$707,386$502,211$451,639$621,920
71$752,018$499,298$439,247$638,550
72$800,335$495,374$425,573$656,136
73$852,686$490,365$410,546$674,784
74$909,455$484,187$394,094$694,615
75$971,062$476,755$376,139$715,760
76$1,037,972$467,978$356,602$738,368
77$1,110,695$457,758$335,397$762,605
78$1,189,790$445,993$312,438$788,657
79$1,275,877$432,575$287,632$816,729
80$1,369,633$417,388$260,885$847,051
81$1,471,806$400,311$232,095$879,879
82$1,583,219$381,214$201,159$915,499
83$1,704,777$359,963$167,967$954,228
84$1,837,475$336,412$132,405$996,418
85$1,982,411$310,411$94,355$1,042,463
86$2,140,793$281,796$53,691$1,092,797
87$2,313,949$250,399$10,285$1,147,907
88$2,503,343$216,040$0$1,208,330
89$2,710,586$178,528$0$1,279,664
90$2,937,453$137,663$0$1,359,419
91$3,185,898$93,233$0$1,446,924
92$3,458,072$45,014$0$1,543,018
93$3,756,345$0$0$1,648,629
94$4,083,326$0$0$1,768,522
95$4,441,891$0$0$1,925,588
96$4,835,204$0$0$2,097,940
97$5,266,753$0$0$2,287,114
98$5,740,377$0$0$2,494,802
99$6,260,309$0$0$2,722,868
100$6,831,208$0$0$2,973,365