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%13.8%
1 years$39,473$39,121$38,778$38,443$38,116$37,516
2 years$19,541$19,177$18,824$18,482$18,151$17,547
3 years$12,898$12,532$12,181$11,842$11,516$10,928
4 years$9,577$9,213$8,864$8,531$8,213$7,646
5 years$7,585$7,223$6,879$6,553$6,243$5,698
6 years$6,257$5,898$5,559$5,240$4,940$4,418
7 years$5,310$4,953$4,620$4,308$4,018$3,518
8 years$4,599$4,246$3,918$3,614$3,333$2,856
9 years$4,047$3,697$3,375$3,079$2,807$2,352
10 years$3,605$3,258$2,942$2,654$2,392$1,959
11 years$3,244$2,901$2,590$2,310$2,057$1,646
12 years$2,943$2,604$2,299$2,026$1,782$1,393
13 years$2,689$2,353$2,054$1,788$1,554$1,185
14 years$2,471$2,139$1,845$1,588$1,363$1,013
15 years$2,283$1,954$1,666$1,416$1,200$870
16 years$2,118$1,793$1,510$1,268$1,060$749
17 years$1,972$1,651$1,374$1,139$940$647
18 years$1,843$1,525$1,255$1,027$836$560
19 years$1,728$1,414$1,149$928$745$486
20 years$1,625$1,314$1,054$840$665$422
21 years$1,531$1,224$970$762$596$367
22 years$1,446$1,142$894$693$534$320
23 years$1,368$1,068$825$631$479$279
24 years$1,298$1,001$763$576$431$244
25 years$1,232$939$707$526$388$213
26 years$1,172$883$656$481$349$186
27 years$1,117$831$609$440$315$163
28 years$1,065$783$566$403$284$143
29 years$1,018$739$527$370$256$125
30 years$973$698$491$339$232$109
31 years$931$659$457$312$209$96
32 years$893$624$427$286$190$84
33 years$856$591$398$263$172$74
34 years$822$560$372$242$155$65
35 years$790$531$348$223$141$57
36 years$759$504$326$205$127$50
37 years$731$479$305$189$115$44
38 years$703$455$285$174$105$38
39 years$678$433$267$161$95$34
40 years$654$412$251$148$86$30
41 years$630$392$235$137$78$26
42 years$609$373$220$126$71$23
43 years$588$356$207$117$64$20
44 years$568$339$194$108$58$18
45 years$549$323$182$99$53$15
46 years$531$308$171$92$48$14
47 years$514$294$161$85$44$12
48 years$497$281$151$78$40$10
49 years$482$268$142$72$36$9
50 years$467$256$134$67$33$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $478,000, adding $5,467 every year, while hoping to spend $35,751 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: 42/44/14 Blend
64$478,000$478,000$478,000$478,000
65$532,395$507,061$499,652$552,358
66$548,661$493,868$478,352$553,733
67$565,387$478,831$455,140$551,258
68$582,584$461,821$429,914$547,801
69$600,259$442,702$402,568$543,289
70$618,423$421,332$372,991$537,644
71$637,083$397,557$341,067$530,782
72$656,246$371,219$306,674$522,615
73$675,922$342,147$269,686$513,051
74$696,115$310,161$229,969$501,990
75$716,832$275,073$187,387$489,329
76$738,079$236,681$141,794$474,955
77$759,859$194,774$93,040$458,752
78$782,175$149,129$40,967$440,594
79$805,028$99,508$0$420,351
80$828,420$45,662$0$400,062
81$852,348$0$0$384,073
82$876,808$0$0$372,261
83$901,795$0$0$382,769
84$927,301$0$0$393,483
85$953,315$0$0$404,398
86$979,822$0$0$415,507
87$1,006,804$0$0$426,798
88$1,034,241$0$0$438,263
89$1,062,105$0$0$449,886
90$1,090,366$0$0$461,653
91$1,118,988$0$0$473,545
92$1,147,927$0$0$485,542
93$1,177,135$0$0$497,619
94$1,206,553$0$0$509,748
95$1,236,116$0$0$521,897
96$1,265,750$0$0$534,030
97$1,295,368$0$0$546,107
98$1,324,873$0$0$558,080
99$1,354,155$0$0$569,896
100$1,383,090$0$0$581,497