Can I retire at age 64 with 489,000?

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 $489,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.2%
1 years$40,381$40,021$39,671$39,328$38,994$38,797
2 years$19,991$19,618$19,258$18,908$18,568$18,370
3 years$13,195$12,821$12,461$12,114$11,781$11,586
4 years$9,797$9,425$9,068$8,728$8,402$8,213
5 years$7,760$7,389$7,037$6,704$6,387$6,205
6 years$6,401$6,034$5,687$5,361$5,054$4,878
7 years$5,432$5,067$4,726$4,408$4,110$3,941
8 years$4,705$4,343$4,008$3,697$3,410$3,248
9 years$4,140$3,782$3,452$3,149$2,872$2,716
10 years$3,688$3,333$3,010$2,715$2,447$2,298
11 years$3,318$2,968$2,650$2,363$2,104$1,962
12 years$3,011$2,664$2,352$2,072$1,823$1,688
13 years$2,751$2,407$2,101$1,830$1,590$1,460
14 years$2,528$2,188$1,888$1,624$1,394$1,270
15 years$2,335$1,999$1,704$1,448$1,227$1,110
16 years$2,166$1,834$1,545$1,297$1,085$973
17 years$2,018$1,689$1,406$1,165$962$856
18 years$1,886$1,561$1,284$1,050$855$755
19 years$1,768$1,446$1,175$949$762$667
20 years$1,662$1,344$1,078$859$681$591
21 years$1,566$1,252$992$780$609$524
22 years$1,479$1,169$914$709$546$465
23 years$1,400$1,093$844$646$490$414
24 years$1,327$1,024$781$589$441$369
25 years$1,261$961$723$538$396$329
26 years$1,199$903$671$492$357$294
27 years$1,143$850$623$450$322$262
28 years$1,090$801$579$413$291$234
29 years$1,041$756$539$378$262$210
30 years$995$714$502$347$237$188
31 years$953$675$468$319$214$168
32 years$913$638$436$293$194$150
33 years$876$604$408$269$175$135
34 years$841$573$381$248$159$121
35 years$808$543$356$228$144$108
36 years$777$516$333$210$130$97
37 years$747$490$312$194$118$87
38 years$720$466$292$179$107$78
39 years$693$443$273$165$97$70
40 years$669$421$256$152$88$63
41 years$645$401$240$140$80$57
42 years$623$382$225$129$73$51
43 years$601$364$212$119$66$46
44 years$581$347$199$110$60$41
45 years$562$331$186$102$54$37
46 years$543$315$175$94$49$33
47 years$526$301$165$87$45$30
48 years$509$287$155$80$41$27
49 years$493$274$145$74$37$24
50 years$477$262$137$69$34$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $489,000, adding $5,767 every year, while hoping to spend $22,029 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: 44/38/18 Blend
63$489,000$489,000$489,000$489,000
64$544,827$518,910$511,330$565,732
65$576,960$520,898$505,021$582,975
66$611,633$522,245$497,762$599,026
67$649,081$522,896$489,499$615,959
68$689,563$522,794$480,173$633,867
69$733,364$521,876$469,724$652,852
70$780,797$520,078$458,090$673,028
71$832,206$517,329$445,203$694,522
72$887,969$513,556$430,996$717,475
73$948,503$508,682$415,395$742,045
74$1,014,265$502,622$398,325$768,407
75$1,085,759$495,289$379,708$796,754
76$1,163,538$486,590$359,460$827,303
77$1,248,212$476,426$337,495$860,295
78$1,340,452$464,693$313,723$895,995
79$1,440,995$451,280$288,050$934,701
80$1,550,654$436,070$260,377$976,741
81$1,670,323$418,939$230,602$1,022,479
82$1,800,985$399,757$198,616$1,072,322
83$1,943,723$378,383$164,308$1,126,718
84$2,099,731$354,671$127,560$1,186,164
85$2,270,320$328,467$88,250$1,251,214
86$2,456,937$299,606$46,250$1,322,478
87$2,661,173$267,915$1,428$1,400,635
88$2,884,780$233,210$0$1,486,436
89$3,129,688$195,298$0$1,589,624
90$3,398,022$153,973$0$1,703,081
91$3,692,123$109,021$0$1,827,579
92$4,014,569$60,213$0$1,964,278
93$4,368,199$7,307$0$2,114,458
94$4,756,140$0$0$2,279,534
95$5,181,836$0$0$2,481,955
96$5,649,080$0$0$2,707,548
97$6,162,053$0$0$2,955,283
98$6,725,356$0$0$3,227,392
99$7,344,062$0$0$3,526,332
100$8,023,757$0$0$3,854,810