Can I retire at age 64 with 490,000?

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 $490,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.8%
1 years$40,464$40,103$39,752$39,408$39,073$38,778
2 years$20,032$19,658$19,297$18,946$18,606$18,309
3 years$13,222$12,847$12,486$12,139$11,805$11,514
4 years$9,817$9,444$9,087$8,746$8,419$8,138
5 years$7,775$7,404$7,052$6,717$6,400$6,128
6 years$6,415$6,046$5,699$5,372$5,064$4,803
7 years$5,443$5,077$4,736$4,417$4,119$3,867
8 years$4,714$4,352$4,016$3,705$3,417$3,176
9 years$4,148$3,789$3,459$3,156$2,877$2,647
10 years$3,695$3,340$3,016$2,720$2,452$2,231
11 years$3,325$2,974$2,655$2,368$2,109$1,898
12 years$3,017$2,669$2,356$2,077$1,827$1,626
13 years$2,756$2,412$2,105$1,833$1,593$1,402
14 years$2,533$2,192$1,892$1,627$1,397$1,215
15 years$2,340$2,003$1,708$1,451$1,230$1,057
16 years$2,171$1,838$1,548$1,300$1,087$923
17 years$2,022$1,692$1,409$1,168$964$808
18 years$1,890$1,564$1,286$1,052$857$710
19 years$1,772$1,449$1,177$951$764$625
20 years$1,665$1,347$1,081$861$682$551
21 years$1,569$1,254$994$782$610$486
22 years$1,482$1,171$916$711$547$430
23 years$1,403$1,095$846$647$491$381
24 years$1,330$1,026$782$590$442$338
25 years$1,263$963$725$539$397$300
26 years$1,202$905$672$493$358$266
27 years$1,145$852$624$451$323$237
28 years$1,092$803$580$413$291$211
29 years$1,043$757$540$379$263$188
30 years$997$715$503$348$238$167
31 years$955$676$469$319$215$149
32 years$915$640$437$294$194$133
33 years$878$606$408$270$176$118
34 years$842$574$382$248$159$106
35 years$809$544$357$229$144$94
36 years$778$517$334$211$131$84
37 years$749$491$312$194$118$75
38 years$721$466$292$179$107$67
39 years$695$444$274$165$97$60
40 years$670$422$257$152$88$53
41 years$646$402$241$140$80$48
42 years$624$383$226$130$73$43
43 years$603$365$212$120$66$38
44 years$582$347$199$110$60$34
45 years$563$331$187$102$54$30
46 years$544$316$175$94$49$27
47 years$527$302$165$87$45$24
48 years$510$288$155$80$41$22
49 years$494$275$146$74$37$19
50 years$478$263$137$69$34$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $490,000, adding $4,661 every year, while hoping to spend $27,602 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: 64/16/20 Blend
63$490,000$490,000$490,000$490,000
64$544,788$518,818$511,223$576,592
65$570,988$514,872$498,980$594,606
66$598,935$509,807$485,403$610,734
67$628,779$503,540$470,416$627,709
68$660,682$495,981$453,943$645,614
69$694,825$487,037$435,903$664,545
70$731,402$476,607$416,211$684,605
71$770,631$464,586$394,779$705,911
72$812,746$450,862$371,515$728,591
73$858,007$435,316$346,323$752,788
74$906,700$417,822$319,100$778,661
75$959,136$398,248$289,743$806,388
76$1,015,659$376,453$258,141$836,163
77$1,076,647$352,290$224,179$868,205
78$1,142,513$325,600$187,737$902,753
79$1,213,712$296,218$148,689$940,077
80$1,290,747$263,968$106,906$980,472
81$1,374,165$228,665$62,249$1,024,267
82$1,464,573$190,112$14,578$1,071,827
83$1,562,634$148,103$0$1,123,554
84$1,669,082$102,419$0$1,187,643
85$1,784,719$52,828$0$1,260,665
86$1,910,432$0$0$1,340,089
87$2,047,192$0$0$1,426,719
88$2,196,072$0$0$1,531,182
89$2,358,250$0$0$1,645,006
90$2,535,022$0$0$1,769,106
91$2,727,817$0$0$1,904,488
92$2,938,204$0$0$2,052,260
93$3,167,914$0$0$2,213,640
94$3,418,849$0$0$2,389,970
95$3,693,106$0$0$2,582,728
96$3,992,992$0$0$2,793,540
97$4,321,046$0$0$3,024,197
98$4,680,066$0$0$3,276,671
99$5,073,132$0$0$3,553,133
100$5,503,635$0$0$3,855,976