Can I retire at age 64 with 486,000?

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 $486,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.1%
1 years$40,133$39,776$39,427$39,087$38,754$37,484
2 years$19,868$19,498$19,139$18,792$18,454$17,187
3 years$13,114$12,742$12,384$12,040$11,708$10,483
4 years$9,737$9,367$9,013$8,674$8,350$7,177
5 years$7,712$7,344$6,994$6,663$6,348$5,229
6 years$6,362$5,997$5,652$5,328$5,023$3,960
7 years$5,398$5,036$4,697$4,381$4,085$3,078
8 years$4,676$4,317$3,984$3,675$3,389$2,437
9 years$4,114$3,759$3,431$3,130$2,854$1,956
10 years$3,665$3,313$2,991$2,698$2,432$1,586
11 years$3,298$2,949$2,633$2,348$2,091$1,296
12 years$2,992$2,647$2,337$2,060$1,812$1,066
13 years$2,734$2,392$2,088$1,818$1,580$882
14 years$2,512$2,175$1,876$1,614$1,385$732
15 years$2,321$1,986$1,694$1,440$1,220$610
16 years$2,153$1,823$1,536$1,289$1,078$509
17 years$2,005$1,678$1,397$1,158$956$426
18 years$1,874$1,551$1,276$1,044$850$358
19 years$1,757$1,437$1,168$943$758$300
20 years$1,652$1,336$1,072$854$677$253
21 years$1,557$1,244$986$775$606$213
22 years$1,470$1,161$909$705$543$179
23 years$1,391$1,086$839$642$487$151
24 years$1,319$1,018$776$585$438$128
25 years$1,253$955$719$535$394$108
26 years$1,192$898$666$489$355$91
27 years$1,135$845$619$447$320$77
28 years$1,083$796$575$410$289$65
29 years$1,035$751$535$376$261$55
30 years$989$709$499$345$236$46
31 years$947$670$465$317$213$39
32 years$907$634$434$291$193$33
33 years$870$601$405$268$174$28
34 years$836$569$378$246$158$24
35 years$803$540$354$227$143$20
36 years$772$513$331$209$130$17
37 years$743$487$310$192$117$14
38 years$715$463$290$177$106$12
39 years$689$440$272$164$97$10
40 years$664$419$255$151$88$9
41 years$641$398$239$139$79$7
42 years$619$379$224$128$72$6
43 years$598$362$210$119$65$5
44 years$577$345$197$110$59$4
45 years$558$329$185$101$54$4
46 years$540$314$174$93$49$3
47 years$522$299$164$86$44$3
48 years$506$286$154$80$40$2
49 years$490$273$144$74$37$2
50 years$475$261$136$68$33$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $486,000, adding $2,322 every year, while hoping to spend $39,906 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: 63/18/19 Blend
63$486,000$486,000$486,000$486,000
64$537,967$512,209$504,676$569,115
65$550,380$494,848$479,123$573,000
66$562,722$475,298$451,377$572,535
67$574,943$453,411$421,321$571,094
68$586,987$429,028$388,835$568,586
69$598,792$401,983$353,794$564,911
70$610,287$372,098$316,064$559,960
71$621,392$339,187$275,508$553,616
72$632,020$303,053$231,983$545,753
73$642,069$263,486$185,338$536,231
74$651,430$220,266$135,416$524,902
75$659,977$173,160$82,054$511,604
76$667,572$121,923$25,080$496,159
77$674,060$66,293$0$478,378
78$679,270$5,997$0$465,293
79$683,010$0$0$455,334
80$685,066$0$0$454,943
81$685,202$0$0$454,386
82$683,156$0$0$452,294
83$678,634$0$0$448,462
84$671,314$0$0$442,665
85$660,837$0$0$434,654
86$646,804$0$0$424,151
87$628,774$0$0$410,849
88$606,258$0$0$394,409
89$578,717$0$0$374,453
90$545,551$0$0$350,567
91$506,098$0$0$322,288
92$459,626$0$0$289,108
93$405,323$0$0$250,463
94$342,294$0$0$205,730
95$269,548$0$0$154,220
96$185,990$0$0$95,173
97$90,412$0$0$27,747
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0