Can I retire at age 65 with 492,000?

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 $492,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.1%
1 years$40,629$40,267$39,914$39,569$39,233$39,051
2 years$20,113$19,739$19,376$19,024$18,682$18,499
3 years$13,276$12,899$12,537$12,189$11,853$11,673
4 years$9,858$9,482$9,124$8,781$8,454$8,279
5 years$7,807$7,434$7,081$6,745$6,426$6,258
6 years$6,441$6,071$5,722$5,394$5,085$4,923
7 years$5,465$5,098$4,755$4,435$4,135$3,979
8 years$4,734$4,370$4,033$3,720$3,431$3,281
9 years$4,165$3,805$3,473$3,169$2,889$2,745
10 years$3,710$3,354$3,028$2,731$2,462$2,324
11 years$3,339$2,986$2,666$2,377$2,117$1,986
12 years$3,029$2,680$2,366$2,085$1,835$1,709
13 years$2,768$2,422$2,114$1,841$1,600$1,480
14 years$2,543$2,201$1,899$1,634$1,402$1,288
15 years$2,349$2,011$1,715$1,457$1,235$1,126
16 years$2,180$1,845$1,555$1,305$1,091$988
17 years$2,030$1,699$1,415$1,172$968$869
18 years$1,897$1,570$1,291$1,057$860$767
19 years$1,779$1,455$1,182$955$767$678
20 years$1,672$1,352$1,085$865$685$601
21 years$1,576$1,260$998$785$613$534
22 years$1,488$1,176$920$714$549$475
23 years$1,409$1,100$849$650$493$423
24 years$1,336$1,030$785$593$443$377
25 years$1,268$967$727$541$399$336
26 years$1,207$909$675$495$359$300
27 years$1,150$855$627$453$324$268
28 years$1,097$806$582$415$292$240
29 years$1,047$760$542$381$264$215
30 years$1,001$718$505$349$239$192
31 years$959$679$471$321$216$172
32 years$919$642$439$295$195$155
33 years$881$608$410$271$177$139
34 years$846$576$383$249$160$124
35 years$813$547$358$230$145$112
36 years$781$519$335$211$131$100
37 years$752$493$314$195$119$90
38 years$724$468$294$180$108$81
39 years$698$445$275$166$98$73
40 years$673$424$258$153$89$65
41 years$649$403$242$141$80$59
42 years$626$384$227$130$73$53
43 years$605$366$213$120$66$47
44 years$585$349$200$111$60$43
45 years$565$333$188$102$55$38
46 years$547$317$176$95$50$34
47 years$529$303$166$87$45$31
48 years$512$289$156$81$41$28
49 years$496$276$146$75$37$25
50 years$480$264$137$69$34$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $492,000, adding $5,278 every year, while hoping to spend $42,221 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: 29/49/22 Blend
64$492,000$492,000$492,000$492,000
65$547,628$521,552$513,926$559,614
66$558,564$502,186$486,220$549,924
67$569,199$480,455$456,170$535,407
68$579,460$456,199$423,655$518,915
69$589,262$429,250$388,544$500,304
70$598,510$399,427$350,704$479,421
71$607,100$366,541$309,994$456,104
72$614,914$330,391$266,269$430,178
73$621,820$290,765$219,373$401,459
74$627,672$247,439$169,149$369,747
75$632,308$200,177$115,429$334,831
76$635,546$148,728$58,038$296,486
77$637,184$92,828$0$254,469
78$636,999$32,200$0$209,277
79$634,743$0$0$174,468
80$630,138$0$0$154,194
81$622,880$0$0$150,387
82$612,627$0$0$145,578
83$599,005$0$0$139,643
84$581,595$0$0$132,448
85$559,937$0$0$123,844
86$533,519$0$0$113,665
87$501,775$0$0$101,730
88$464,079$0$0$87,837
89$419,738$0$0$71,761
90$367,987$0$0$53,258
91$307,978$0$0$32,053
92$238,776$0$0$7,847
93$159,346$0$0$0
94$68,544$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0