Can I retire at age 64 with 491,000?

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 $491,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.5%
1 years$40,546$40,185$39,833$39,489$39,153$37,659
2 years$20,072$19,699$19,336$18,985$18,644$17,157
3 years$13,249$12,873$12,512$12,164$11,829$10,394
4 years$9,838$9,463$9,105$8,763$8,436$7,066
5 years$7,791$7,419$7,066$6,731$6,413$5,111
6 years$6,428$6,058$5,711$5,383$5,075$3,841
7 years$5,454$5,088$4,745$4,426$4,127$2,961
8 years$4,724$4,361$4,025$3,713$3,424$2,325
9 years$4,157$3,797$3,466$3,162$2,883$1,850
10 years$3,703$3,347$3,022$2,726$2,457$1,487
11 years$3,332$2,980$2,661$2,372$2,113$1,205
12 years$3,023$2,674$2,361$2,081$1,831$982
13 years$2,762$2,417$2,110$1,837$1,597$804
14 years$2,538$2,197$1,895$1,631$1,400$661
15 years$2,345$2,007$1,711$1,454$1,232$545
16 years$2,175$1,841$1,552$1,302$1,089$451
17 years$2,026$1,696$1,412$1,170$966$373
18 years$1,894$1,567$1,289$1,054$859$310
19 years$1,775$1,452$1,180$953$765$258
20 years$1,669$1,349$1,083$863$684$214
21 years$1,573$1,257$996$783$612$178
22 years$1,485$1,173$918$712$548$149
23 years$1,406$1,097$848$648$492$124
24 years$1,333$1,028$784$591$442$104
25 years$1,266$965$726$540$398$86
26 years$1,204$907$673$494$359$72
27 years$1,147$853$625$452$323$60
28 years$1,094$804$581$414$292$50
29 years$1,045$759$541$380$263$42
30 years$999$717$504$349$238$35
31 years$957$677$470$320$215$29
32 years$917$641$438$294$195$25
33 years$879$607$409$271$176$21
34 years$844$575$382$249$159$17
35 years$811$546$357$229$144$14
36 years$780$518$334$211$131$12
37 years$750$492$313$194$119$10
38 years$723$467$293$179$108$8
39 years$696$444$275$165$98$7
40 years$671$423$257$152$88$6
41 years$648$403$241$141$80$5
42 years$625$383$226$130$73$4
43 years$604$365$212$120$66$3
44 years$583$348$199$111$60$3
45 years$564$332$187$102$54$2
46 years$545$317$176$94$49$2
47 years$528$302$165$87$45$2
48 years$511$289$155$81$41$1
49 years$495$276$146$74$37$1
50 years$479$263$137$69$34$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $491,000, adding $6,187 every year, while hoping to spend $24,684 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: 56/39/5 Blend
63$491,000$491,000$491,000$491,000
64$547,464$521,441$513,830$577,233
65$577,042$520,728$504,780$597,269
66$608,809$519,153$494,599$615,768
67$642,963$516,647$483,224$635,299
68$679,721$513,138$470,588$655,963
69$719,320$508,549$456,620$677,872
70$762,022$502,799$441,248$701,150
71$808,113$495,801$424,394$725,935
72$857,909$487,464$405,980$752,380
73$911,756$477,690$385,921$780,655
74$970,035$466,377$364,129$810,949
75$1,033,165$453,416$340,514$843,470
76$1,101,607$438,692$314,980$878,451
77$1,175,865$422,083$287,426$916,150
78$1,256,498$403,459$257,750$956,850
79$1,344,117$382,685$225,841$1,000,871
80$1,439,396$359,616$191,585$1,048,561
81$1,543,076$334,099$154,865$1,100,310
82$1,655,973$305,973$115,556$1,156,548
83$1,778,984$275,067$73,529$1,217,754
84$1,913,095$241,200$28,647$1,284,456
85$2,059,395$204,183$0$1,357,238
86$2,219,079$163,814$0$1,437,778
87$2,393,465$119,880$0$1,527,462
88$2,584,000$72,157$0$1,625,564
89$2,792,282$20,406$0$1,732,972
90$3,020,068$0$0$1,850,667
91$3,269,290$0$0$1,995,022
92$3,542,081$0$0$2,162,657
93$3,840,785$0$0$2,346,262
94$4,167,986$0$0$2,547,429
95$4,526,527$0$0$2,767,913
96$4,919,542$0$0$3,009,647
97$5,350,480$0$0$3,274,759
98$5,823,142$0$0$3,565,594
99$6,341,714$0$0$3,884,733
100$6,910,805$0$0$4,235,022