Can I retire at age 64 with 485,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $485,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.6%
1 years$40,051$39,694$39,346$39,006$38,675$37,786
2 years$19,827$19,458$19,100$18,753$18,416$17,526
3 years$13,087$12,716$12,359$12,015$11,684$10,820
4 years$9,717$9,348$8,994$8,656$8,333$7,501
5 years$7,696$7,329$6,980$6,649$6,335$5,538
6 years$6,349$5,984$5,641$5,317$5,013$4,252
7 years$5,387$5,026$4,687$4,372$4,077$3,352
8 years$4,666$4,308$3,975$3,667$3,382$2,693
9 years$4,106$3,751$3,424$3,124$2,848$2,194
10 years$3,658$3,306$2,985$2,693$2,427$1,807
11 years$3,291$2,943$2,628$2,343$2,087$1,501
12 years$2,986$2,642$2,332$2,055$1,809$1,255
13 years$2,728$2,387$2,084$1,815$1,577$1,056
14 years$2,507$2,170$1,872$1,611$1,382$892
15 years$2,316$1,982$1,690$1,437$1,217$756
16 years$2,149$1,819$1,533$1,286$1,076$643
17 years$2,001$1,675$1,395$1,156$954$548
18 years$1,870$1,548$1,273$1,042$848$468
19 years$1,753$1,434$1,165$941$756$401
20 years$1,648$1,333$1,070$852$675$343
21 years$1,553$1,242$984$774$604$295
22 years$1,467$1,159$907$703$542$253
23 years$1,388$1,084$837$641$486$218
24 years$1,317$1,016$774$584$437$188
25 years$1,250$953$717$534$393$162
26 years$1,189$896$665$488$354$139
27 years$1,133$843$618$447$319$120
28 years$1,081$794$574$409$288$104
29 years$1,032$749$534$375$260$89
30 years$987$708$498$344$235$77
31 years$945$669$464$316$213$67
32 years$906$633$433$291$192$58
33 years$869$600$404$267$174$50
34 years$834$568$378$246$158$43
35 years$801$539$353$226$143$37
36 years$770$512$330$208$129$32
37 years$741$486$309$192$117$28
38 years$714$462$290$177$106$24
39 years$688$439$271$163$96$21
40 years$663$418$254$151$87$18
41 years$640$398$238$139$79$15
42 years$617$379$224$128$72$13
43 years$596$361$210$118$65$12
44 years$576$344$197$109$59$10
45 years$557$328$185$101$54$9
46 years$539$313$174$93$49$7
47 years$521$299$163$86$44$6
48 years$505$285$153$80$40$6
49 years$489$272$144$74$37$5
50 years$474$260$136$68$33$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $485,000, adding $6,165 every year, while hoping to spend $40,240 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: 61/15/24 Blend
63$485,000$485,000$485,000$485,000
64$540,829$515,124$507,607$570,024
65$553,179$497,550$481,796$572,975
66$565,439$477,766$453,773$571,258
67$577,559$455,622$423,419$568,499
68$589,480$430,958$390,614$564,606
69$601,137$403,605$355,230$559,477
70$612,456$373,384$317,133$552,999
71$623,355$340,109$276,185$545,055
72$633,741$303,578$232,241$535,515
73$643,511$263,581$185,149$524,238
74$652,549$219,896$134,751$511,073
75$660,725$172,288$80,882$495,855
76$667,897$120,507$23,369$478,406
77$673,903$64,293$0$458,531
78$678,565$3,367$0$445,754
79$681,684$0$0$437,133
80$683,039$0$0$436,806
81$682,385$0$0$435,662
82$679,449$0$0$432,962
83$673,929$0$0$428,502
84$665,488$0$0$422,056
85$653,755$0$0$413,372
86$638,318$0$0$402,173
87$618,719$0$0$388,150
88$594,454$0$0$370,964
89$564,960$0$0$350,235
90$529,619$0$0$325,548
91$487,746$0$0$296,440
92$438,580$0$0$262,399
93$381,283$0$0$222,862
94$314,928$0$0$177,204
95$238,490$0$0$124,734
96$150,836$0$0$64,690
97$50,713$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0