Can I retire at age 64 with 475,000?

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 $475,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.4%
1 years$39,225$38,876$38,535$38,202$37,877$37,654
2 years$19,418$19,057$18,706$18,366$18,037$17,812
3 years$12,817$12,454$12,104$11,768$11,443$11,223
4 years$9,517$9,155$8,809$8,478$8,161$7,948
5 years$7,537$7,178$6,836$6,512$6,204$5,998
6 years$6,218$5,861$5,524$5,208$4,909$4,711
7 years$5,276$4,922$4,591$4,281$3,992$3,802
8 years$4,570$4,219$3,893$3,592$3,312$3,129
9 years$4,021$3,673$3,353$3,059$2,789$2,614
10 years$3,582$3,238$2,924$2,637$2,377$2,209
11 years$3,223$2,883$2,574$2,295$2,044$1,884
12 years$2,925$2,587$2,284$2,013$1,771$1,618
13 years$2,672$2,338$2,041$1,777$1,545$1,399
14 years$2,456$2,125$1,834$1,578$1,354$1,215
15 years$2,268$1,941$1,656$1,407$1,192$1,060
16 years$2,104$1,781$1,501$1,260$1,054$928
17 years$1,960$1,640$1,366$1,132$934$815
18 years$1,832$1,516$1,247$1,020$831$718
19 years$1,717$1,405$1,141$922$740$633
20 years$1,614$1,306$1,048$835$661$560
21 years$1,521$1,216$964$758$592$496
22 years$1,437$1,135$888$689$530$440
23 years$1,360$1,062$820$627$476$391
24 years$1,289$995$758$572$428$348
25 years$1,225$933$702$523$385$310
26 years$1,165$877$651$478$347$276
27 years$1,110$826$605$437$313$246
28 years$1,059$778$562$401$282$220
29 years$1,011$734$523$367$255$196
30 years$967$693$487$337$230$175
31 years$926$655$454$310$208$157
32 years$887$620$424$285$188$140
33 years$851$587$396$262$170$125
34 years$817$556$370$241$154$112
35 years$785$528$346$222$140$100
36 years$754$501$323$204$127$90
37 years$726$476$303$188$115$81
38 years$699$452$284$173$104$72
39 years$674$430$266$160$94$65
40 years$649$409$249$147$86$58
41 years$626$389$233$136$78$52
42 years$605$371$219$126$70$47
43 years$584$353$206$116$64$42
44 years$564$337$193$107$58$37
45 years$546$321$181$99$53$34
46 years$528$306$170$91$48$30
47 years$511$292$160$84$43$27
48 years$494$279$150$78$39$24
49 years$479$267$141$72$36$22
50 years$464$255$133$67$33$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $475,000, adding $3,581 every year, while hoping to spend $22,383 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: 69/25/6 Blend
63$475,000$475,000$475,000$475,000
64$527,144$501,969$494,606$562,829
65$557,097$502,750$487,360$587,689
66$589,356$502,819$479,121$611,788
67$624,130$502,118$469,833$637,536
68$661,654$500,584$459,434$665,089
69$702,182$498,152$447,865$694,620
70$745,995$494,751$435,058$726,320
71$793,400$490,308$420,946$760,400
72$844,737$484,743$405,458$797,092
73$900,378$477,974$388,519$836,654
74$960,734$469,911$370,051$879,368
75$1,026,253$460,462$349,973$925,549
76$1,097,433$449,527$328,199$975,542
77$1,174,818$437,000$304,641$1,029,727
78$1,259,008$422,772$279,205$1,088,527
79$1,350,663$406,723$251,794$1,152,406
80$1,450,508$388,730$222,306$1,221,877
81$1,559,343$368,661$190,637$1,297,507
82$1,678,047$346,377$156,674$1,379,921
83$1,807,587$321,729$120,303$1,469,809
84$1,949,030$294,563$81,402$1,567,934
85$2,103,548$264,713$39,845$1,675,136
86$2,272,431$232,005$0$1,792,342
87$2,457,102$196,256$0$1,920,866
88$2,659,125$157,271$0$2,064,290
89$2,880,224$114,845$0$2,221,317
90$3,122,295$68,761$0$2,393,333
91$3,387,428$18,790$0$2,581,868
92$3,677,925$0$0$2,788,606
93$3,996,320$0$0$3,025,122
94$4,345,403$0$0$3,290,130
95$4,728,248$0$0$3,580,796
96$5,148,242$0$0$3,899,695
97$5,609,113$0$0$4,249,662
98$6,114,969$0$0$4,633,819
99$6,670,334$0$0$5,055,608
100$7,280,193$0$0$5,518,817