Can I retire at age 79 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%12%
1 years$39,225$38,876$38,535$38,202$37,877$37,560
2 years$19,418$19,057$18,706$18,366$18,037$17,717
3 years$12,817$12,454$12,104$11,768$11,443$11,131
4 years$9,517$9,155$8,809$8,478$8,161$7,859
5 years$7,537$7,178$6,836$6,512$6,204$5,912
6 years$6,218$5,861$5,524$5,208$4,909$4,628
7 years$5,276$4,922$4,591$4,281$3,992$3,723
8 years$4,570$4,219$3,893$3,592$3,312$3,054
9 years$4,021$3,673$3,353$3,059$2,789$2,542
10 years$3,582$3,238$2,924$2,637$2,377$2,140
11 years$3,223$2,883$2,574$2,295$2,044$1,818
12 years$2,925$2,587$2,284$2,013$1,771$1,556
13 years$2,672$2,338$2,041$1,777$1,545$1,340
14 years$2,456$2,125$1,834$1,578$1,354$1,160
15 years$2,268$1,941$1,656$1,407$1,192$1,008
16 years$2,104$1,781$1,501$1,260$1,054$879
17 years$1,960$1,640$1,366$1,132$934$768
18 years$1,832$1,516$1,247$1,020$831$674
19 years$1,717$1,405$1,141$922$740$592
20 years$1,614$1,306$1,048$835$661$521
21 years$1,521$1,216$964$758$592$460
22 years$1,437$1,135$888$689$530$406
23 years$1,360$1,062$820$627$476$359
24 years$1,289$995$758$572$428$318
25 years$1,225$933$702$523$385$282
26 years$1,165$877$651$478$347$250
27 years$1,110$826$605$437$313$222
28 years$1,059$778$562$401$282$197
29 years$1,011$734$523$367$255$175
30 years$967$693$487$337$230$156
31 years$926$655$454$310$208$138
32 years$887$620$424$285$188$123
33 years$851$587$396$262$170$110
34 years$817$556$370$241$154$98
35 years$785$528$346$222$140$87
36 years$754$501$323$204$127$78
37 years$726$476$303$188$115$69
38 years$699$452$284$173$104$62
39 years$674$430$266$160$94$55
40 years$649$409$249$147$86$49
41 years$626$389$233$136$78$44
42 years$605$371$219$126$70$39
43 years$584$353$206$116$64$35
44 years$564$337$193$107$58$31
45 years$546$321$181$99$53$28
46 years$528$306$170$91$48$25
47 years$511$292$160$84$43$22
48 years$494$279$150$78$39$20
49 years$479$267$141$72$36$18
50 years$464$255$133$67$33$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 79 starting with $475,000, adding $2,825 every year, while hoping to spend $45,271 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: 50/37/13 Blend
78$475,000$475,000$475,000$475,000
79$526,364$501,189$493,826$550,687
80$531,885$477,579$462,202$544,070
81$536,452$451,295$428,000$531,901
82$539,920$422,158$391,088$517,659
83$542,127$389,979$351,324$501,162
84$542,894$354,558$308,564$482,214
85$542,021$315,684$262,653$460,602
86$539,288$273,133$213,432$436,098
87$534,448$226,670$160,735$408,452
88$527,230$176,044$104,388$377,393
89$517,330$120,993$44,208$342,629
90$504,415$61,239$0$303,842
91$488,114$0$0$263,464
92$468,016$0$0$226,498
93$443,666$0$0$212,093
94$414,562$0$0$195,037
95$380,147$0$0$175,023
96$339,806$0$0$151,710
97$292,857$0$0$124,722
98$238,550$0$0$93,644
99$176,051$0$0$58,017
100$104,442$0$0$17,332