Can I retire at age 64 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%14.2%
1 years$39,473$39,121$38,778$38,443$38,116$37,454
2 years$19,541$19,177$18,824$18,482$18,151$17,486
3 years$12,898$12,532$12,181$11,842$11,516$10,868
4 years$9,577$9,213$8,864$8,531$8,213$7,589
5 years$7,585$7,223$6,879$6,553$6,243$5,644
6 years$6,257$5,898$5,559$5,240$4,940$4,366
7 years$5,310$4,953$4,620$4,308$4,018$3,469
8 years$4,599$4,246$3,918$3,614$3,333$2,810
9 years$4,047$3,697$3,375$3,079$2,807$2,309
10 years$3,605$3,258$2,942$2,654$2,392$1,918
11 years$3,244$2,901$2,590$2,310$2,057$1,608
12 years$2,943$2,604$2,299$2,026$1,782$1,357
13 years$2,689$2,353$2,054$1,788$1,554$1,151
14 years$2,471$2,139$1,845$1,588$1,363$982
15 years$2,283$1,954$1,666$1,416$1,200$840
16 years$2,118$1,793$1,510$1,268$1,060$722
17 years$1,972$1,651$1,374$1,139$940$622
18 years$1,843$1,525$1,255$1,027$836$536
19 years$1,728$1,414$1,149$928$745$464
20 years$1,625$1,314$1,054$840$665$402
21 years$1,531$1,224$970$762$596$349
22 years$1,446$1,142$894$693$534$303
23 years$1,368$1,068$825$631$479$263
24 years$1,298$1,001$763$576$431$229
25 years$1,232$939$707$526$388$200
26 years$1,172$883$656$481$349$174
27 years$1,117$831$609$440$315$152
28 years$1,065$783$566$403$284$132
29 years$1,018$739$527$370$256$116
30 years$973$698$491$339$232$101
31 years$931$659$457$312$209$88
32 years$893$624$427$286$190$77
33 years$856$591$398$263$172$67
34 years$822$560$372$242$155$59
35 years$790$531$348$223$141$51
36 years$759$504$326$205$127$45
37 years$731$479$305$189$115$39
38 years$703$455$285$174$105$34
39 years$678$433$267$161$95$30
40 years$654$412$251$148$86$26
41 years$630$392$235$137$78$23
42 years$609$373$220$126$71$20
43 years$588$356$207$117$64$18
44 years$568$339$194$108$58$15
45 years$549$323$182$99$53$14
46 years$531$308$171$92$48$12
47 years$514$294$161$85$44$10
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 64 starting with $478,000, adding $5,670 every year, while hoping to spend $35,124 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: 55/24/21 Blend
63$478,000$478,000$478,000$478,000
64$532,605$507,271$499,862$558,572
65$549,559$494,755$479,235$564,457
66$567,065$480,449$456,741$566,672
67$585,142$464,228$432,278$568,326
68$603,811$445,960$405,744$569,377
69$623,092$425,504$377,029$569,778
70$643,007$402,713$346,019$569,480
71$663,579$377,431$312,595$568,433
72$684,831$349,492$276,634$566,581
73$706,788$318,722$238,006$563,868
74$729,476$284,935$196,575$560,234
75$752,922$247,936$152,199$555,615
76$777,154$207,519$104,732$549,945
77$802,202$163,466$54,019$543,153
78$828,096$115,546$0$535,166
79$854,871$63,516$0$525,928
80$882,559$7,119$0$528,253
81$911,197$0$0$529,978
82$940,822$0$0$545,292
83$971,474$0$0$563,084
84$1,003,196$0$0$581,501
85$1,036,031$0$0$600,566
86$1,070,027$0$0$620,308
87$1,105,232$0$0$640,757
88$1,141,699$0$0$661,942
89$1,179,483$0$0$683,897
90$1,218,643$0$0$706,656
91$1,259,241$0$0$730,255
92$1,301,344$0$0$754,735
93$1,345,021$0$0$780,137
94$1,390,349$0$0$806,505
95$1,437,405$0$0$833,886
96$1,486,277$0$0$862,331
97$1,537,055$0$0$891,895
98$1,589,836$0$0$922,634
99$1,644,725$0$0$954,612
100$1,701,833$0$0$987,894