Can I retire at age 65 with 489,000?

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 $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%12.6%
1 years$40,381$40,021$39,671$39,328$38,994$38,570
2 years$19,991$19,618$19,258$18,908$18,568$18,142
3 years$13,195$12,821$12,461$12,114$11,781$11,365
4 years$9,797$9,425$9,068$8,728$8,402$8,000
5 years$7,760$7,389$7,037$6,704$6,387$5,999
6 years$6,401$6,034$5,687$5,361$5,054$4,681
7 years$5,432$5,067$4,726$4,408$4,110$3,753
8 years$4,705$4,343$4,008$3,697$3,410$3,068
9 years$4,140$3,782$3,452$3,149$2,872$2,545
10 years$3,688$3,333$3,010$2,715$2,447$2,135
11 years$3,318$2,968$2,650$2,363$2,104$1,807
12 years$3,011$2,664$2,352$2,072$1,823$1,541
13 years$2,751$2,407$2,101$1,830$1,590$1,322
14 years$2,528$2,188$1,888$1,624$1,394$1,139
15 years$2,335$1,999$1,704$1,448$1,227$986
16 years$2,166$1,834$1,545$1,297$1,085$856
17 years$2,018$1,689$1,406$1,165$962$746
18 years$1,886$1,561$1,284$1,050$855$651
19 years$1,768$1,446$1,175$949$762$570
20 years$1,662$1,344$1,078$859$681$499
21 years$1,566$1,252$992$780$609$438
22 years$1,479$1,169$914$709$546$385
23 years$1,400$1,093$844$646$490$339
24 years$1,327$1,024$781$589$441$299
25 years$1,261$961$723$538$396$264
26 years$1,199$903$671$492$357$233
27 years$1,143$850$623$450$322$206
28 years$1,090$801$579$413$291$182
29 years$1,041$756$539$378$262$161
30 years$995$714$502$347$237$142
31 years$953$675$468$319$214$126
32 years$913$638$436$293$194$111
33 years$876$604$408$269$175$99
34 years$841$573$381$248$159$88
35 years$808$543$356$228$144$78
36 years$777$516$333$210$130$69
37 years$747$490$312$194$118$61
38 years$720$466$292$179$107$54
39 years$693$443$273$165$97$48
40 years$669$421$256$152$88$43
41 years$645$401$240$140$80$38
42 years$623$382$225$129$73$33
43 years$601$364$212$119$66$30
44 years$581$347$199$110$60$26
45 years$562$331$186$102$54$23
46 years$543$315$175$94$49$21
47 years$526$301$165$87$45$18
48 years$509$287$155$80$41$16
49 years$493$274$145$74$37$15
50 years$477$262$137$69$34$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $489,000, adding $2,770 every year, while hoping to spend $27,951 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: 86/7/7 Blend
64$489,000$489,000$489,000$489,000
65$541,735$515,818$508,239$587,791
66$567,253$511,354$495,525$613,775
67$594,436$505,734$481,449$638,193
68$623,426$498,872$465,935$664,132
69$654,376$490,677$448,904$691,723
70$687,454$481,053$430,274$721,114
71$722,846$469,896$409,960$752,466
72$760,755$457,099$387,872$785,957
73$801,401$442,546$363,915$821,782
74$845,029$426,116$337,992$860,157
75$891,907$407,681$310,000$901,317
76$942,329$387,104$279,831$945,525
77$996,615$364,241$247,375$993,066
78$1,055,121$338,940$212,513$1,044,256
79$1,118,236$311,041$175,124$1,099,445
80$1,186,386$280,372$135,081$1,159,014
81$1,260,042$246,754$92,251$1,223,387
82$1,339,718$209,997$46,493$1,293,028
83$1,425,983$169,901$0$1,368,450
84$1,519,460$126,253$0$1,450,393
85$1,620,834$78,828$0$1,543,019
86$1,730,860$27,391$0$1,643,551
87$1,850,366$0$0$1,752,757
88$1,980,265$0$0$1,873,661
89$2,121,561$0$0$2,007,473
90$2,275,357$0$0$2,153,128
91$2,442,868$0$0$2,311,779
92$2,625,431$0$0$2,484,691
93$2,824,517$0$0$2,673,260
94$3,041,746$0$0$2,879,018
95$3,278,900$0$0$3,103,657
96$3,537,940$0$0$3,349,035
97$3,821,028$0$0$3,617,198
98$4,130,540$0$0$3,910,401
99$4,469,095$0$0$4,231,124
100$4,839,576$0$0$4,582,100