Can I retire at age 78 with 470,000?

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 $470,000?

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%
1 years$38,812$38,466$38,129$37,800$37,478$36,395
2 years$19,214$18,856$18,509$18,173$17,847$16,764
3 years$12,682$12,323$11,977$11,644$11,323$10,275
4 years$9,417$9,058$8,716$8,389$8,076$7,070
5 years$7,458$7,102$6,764$6,443$6,139$5,178
6 years$6,153$5,799$5,466$5,153$4,857$3,943
7 years$5,221$4,870$4,543$4,236$3,950$3,082
8 years$4,522$4,175$3,852$3,554$3,277$2,455
9 years$3,979$3,635$3,318$3,027$2,760$1,982
10 years$3,545$3,204$2,893$2,609$2,352$1,617
11 years$3,190$2,852$2,547$2,271$2,022$1,331
12 years$2,894$2,560$2,260$1,992$1,753$1,102
13 years$2,644$2,314$2,019$1,759$1,528$917
14 years$2,430$2,103$1,814$1,561$1,340$767
15 years$2,244$1,921$1,638$1,392$1,180$643
16 years$2,082$1,763$1,485$1,247$1,043$541
17 years$1,939$1,623$1,351$1,120$924$456
18 years$1,813$1,500$1,234$1,009$822$386
19 years$1,699$1,390$1,129$912$733$326
20 years$1,597$1,292$1,037$826$654$277
21 years$1,505$1,203$953$750$586$235
22 years$1,422$1,123$879$682$525$199
23 years$1,346$1,050$811$621$471$169
24 years$1,276$984$750$566$423$144
25 years$1,212$924$695$517$381$123
26 years$1,153$868$645$473$343$104
27 years$1,098$817$599$433$309$89
28 years$1,048$770$556$396$279$76
29 years$1,001$726$518$364$252$65
30 years$957$686$482$334$228$55
31 years$916$648$450$306$206$47
32 years$878$613$420$282$186$40
33 years$842$581$392$259$169$34
34 years$808$551$366$238$153$29
35 years$776$522$342$219$138$25
36 years$746$496$320$202$125$21
37 years$718$471$300$186$114$18
38 years$692$447$281$172$103$15
39 years$666$425$263$158$93$13
40 years$643$405$246$146$85$11
41 years$620$385$231$135$77$10
42 years$598$367$217$124$70$8
43 years$578$350$203$115$63$7
44 years$558$333$191$106$57$6
45 years$540$318$179$98$52$5
46 years$522$303$168$90$47$4
47 years$505$289$158$83$43$4
48 years$489$276$149$77$39$3
49 years$474$264$140$71$35$3
50 years$459$252$131$66$32$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 78 starting with $470,000, adding $5,003 every year, while hoping to spend $24,133 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: 61/21/18 Blend
77$470,000$470,000$470,000$470,000
78$523,101$498,191$490,906$552,303
79$550,780$496,925$481,674$571,335
80$580,473$494,788$471,324$588,963
81$612,361$491,712$459,792$607,641
82$646,640$487,625$447,014$627,475
83$683,529$482,450$432,921$648,580
84$723,264$476,105$417,439$671,085
85$766,108$468,505$400,494$695,134
86$812,348$459,559$382,008$720,884
87$862,300$449,169$361,897$748,511
88$916,309$437,234$340,075$778,210
89$974,759$423,644$316,454$810,197
90$1,038,067$408,286$290,938$844,711
91$1,106,696$391,037$263,430$882,016
92$1,181,150$371,770$233,827$922,407
93$1,261,989$350,348$202,021$966,208
94$1,349,825$326,627$167,902$1,013,778
95$1,445,332$300,457$131,351$1,065,516
96$1,549,252$271,676$92,248$1,121,863
97$1,662,401$240,113$50,464$1,183,306
98$1,785,678$205,591$5,867$1,250,385
99$1,920,072$167,920$0$1,323,697
100$2,066,670$126,898$0$1,411,917