Can I retire at age 64 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%14.9%
1 years$39,390$39,039$38,697$38,363$38,037$37,269
2 years$19,500$19,137$18,785$18,444$18,113$17,342
3 years$12,871$12,506$12,155$11,817$11,491$10,743
4 years$9,557$9,193$8,846$8,514$8,196$7,474
5 years$7,569$7,208$6,865$6,539$6,230$5,538
6 years$6,244$5,886$5,548$5,229$4,930$4,268
7 years$5,298$4,943$4,610$4,299$4,009$3,378
8 years$4,589$4,237$3,910$3,607$3,326$2,725
9 years$4,038$3,689$3,368$3,072$2,801$2,230
10 years$3,597$3,252$2,936$2,648$2,387$1,845
11 years$3,237$2,895$2,585$2,305$2,053$1,539
12 years$2,937$2,598$2,294$2,022$1,779$1,293
13 years$2,683$2,348$2,049$1,785$1,551$1,092
14 years$2,466$2,134$1,841$1,584$1,360$927
15 years$2,278$1,950$1,663$1,413$1,197$790
16 years$2,113$1,789$1,507$1,265$1,058$675
17 years$1,968$1,647$1,372$1,137$938$578
18 years$1,840$1,522$1,252$1,024$834$497
19 years$1,725$1,411$1,146$926$743$427
20 years$1,621$1,311$1,052$838$664$368
21 years$1,528$1,221$968$761$594$318
22 years$1,443$1,140$892$692$533$274
23 years$1,366$1,066$823$630$478$237
24 years$1,295$999$762$575$430$205
25 years$1,230$937$705$525$387$178
26 years$1,170$881$654$480$348$154
27 years$1,114$829$607$439$314$134
28 years$1,063$781$565$402$283$116
29 years$1,015$737$525$369$256$101
30 years$971$696$489$339$231$87
31 years$929$658$456$311$209$76
32 years$891$623$426$286$189$66
33 years$854$590$398$263$171$57
34 years$820$559$371$242$155$50
35 years$788$530$347$223$140$43
36 years$758$503$325$205$127$38
37 years$729$478$304$189$115$33
38 years$702$454$285$174$104$28
39 years$676$432$267$161$95$25
40 years$652$411$250$148$86$22
41 years$629$391$234$137$78$19
42 years$607$372$220$126$71$16
43 years$587$355$206$116$64$14
44 years$567$338$194$107$58$12
45 years$548$323$182$99$53$11
46 years$530$308$171$92$48$9
47 years$513$294$161$85$44$8
48 years$496$280$151$78$40$7
49 years$481$268$142$72$36$6
50 years$466$256$133$67$33$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $477,000, adding $4,496 every year, while hoping to spend $20,934 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: 47/26/27 Blend
63$477,000$477,000$477,000$477,000
64$530,292$505,011$497,617$550,930
65$562,108$507,483$492,014$568,396
66$596,468$509,374$485,521$584,945
67$633,608$510,634$478,087$602,502
68$673,791$511,210$469,657$621,171
69$717,302$511,044$460,175$641,069
70$764,457$510,075$449,581$662,328
71$815,603$508,240$437,813$685,091
72$871,120$505,469$424,806$709,519
73$931,428$501,691$410,491$735,791
74$996,989$496,829$394,797$764,105
75$1,068,309$490,801$377,650$794,680
76$1,145,947$483,521$358,972$827,761
77$1,230,517$474,897$338,681$863,618
78$1,322,696$464,833$316,693$902,551
79$1,423,226$453,225$292,918$944,893
80$1,532,928$439,966$267,263$991,012
81$1,652,702$424,940$239,632$1,041,317
82$1,783,540$408,025$209,923$1,096,261
83$1,926,536$389,092$178,029$1,156,343
84$2,082,891$368,006$143,841$1,222,120
85$2,253,929$344,621$107,243$1,294,205
86$2,441,108$318,786$68,115$1,373,279
87$2,646,034$290,340$26,330$1,460,094
88$2,870,475$259,111$0$1,555,482
89$3,116,376$224,921$0$1,665,626
90$3,385,882$187,578$0$1,794,720
91$3,681,355$146,882$0$1,936,339
92$4,005,394$102,620$0$2,091,771
93$4,360,865$54,569$0$2,262,439
94$4,750,921$2,491$0$2,449,911
95$5,179,039$0$0$2,655,919
96$5,649,045$0$0$2,897,784
97$6,165,157$0$0$3,164,214
98$6,732,020$0$0$3,456,903
99$7,354,750$0$0$3,778,498
100$8,038,985$0$0$4,131,920