Can I retire at age 65 with 492,000?

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 $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%14.9%
1 years$40,629$40,267$39,914$39,569$39,233$38,441
2 years$20,113$19,739$19,376$19,024$18,682$17,888
3 years$13,276$12,899$12,537$12,189$11,853$11,081
4 years$9,858$9,482$9,124$8,781$8,454$7,710
5 years$7,807$7,434$7,081$6,745$6,426$5,713
6 years$6,441$6,071$5,722$5,394$5,085$4,402
7 years$5,465$5,098$4,755$4,435$4,135$3,484
8 years$4,734$4,370$4,033$3,720$3,431$2,811
9 years$4,165$3,805$3,473$3,169$2,889$2,300
10 years$3,710$3,354$3,028$2,731$2,462$1,903
11 years$3,339$2,986$2,666$2,377$2,117$1,587
12 years$3,029$2,680$2,366$2,085$1,835$1,334
13 years$2,768$2,422$2,114$1,841$1,600$1,127
14 years$2,543$2,201$1,899$1,634$1,402$956
15 years$2,349$2,011$1,715$1,457$1,235$815
16 years$2,180$1,845$1,555$1,305$1,091$696
17 years$2,030$1,699$1,415$1,172$968$596
18 years$1,897$1,570$1,291$1,057$860$512
19 years$1,779$1,455$1,182$955$767$441
20 years$1,672$1,352$1,085$865$685$380
21 years$1,576$1,260$998$785$613$328
22 years$1,488$1,176$920$714$549$283
23 years$1,409$1,100$849$650$493$245
24 years$1,336$1,030$785$593$443$212
25 years$1,268$967$727$541$399$184
26 years$1,207$909$675$495$359$159
27 years$1,150$855$627$453$324$138
28 years$1,097$806$582$415$292$120
29 years$1,047$760$542$381$264$104
30 years$1,001$718$505$349$239$90
31 years$959$679$471$321$216$78
32 years$919$642$439$295$195$68
33 years$881$608$410$271$177$59
34 years$846$576$383$249$160$51
35 years$813$547$358$230$145$45
36 years$781$519$335$211$131$39
37 years$752$493$314$195$119$34
38 years$724$468$294$180$108$29
39 years$698$445$275$166$98$26
40 years$673$424$258$153$89$22
41 years$649$403$242$141$80$19
42 years$626$384$227$130$73$17
43 years$605$366$213$120$66$15
44 years$585$349$200$111$60$13
45 years$565$333$188$102$55$11
46 years$547$317$176$95$50$10
47 years$529$303$166$87$45$8
48 years$512$289$156$81$41$7
49 years$496$276$146$75$37$6
50 years$480$264$137$69$34$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $492,000, adding $2,809 every year, while hoping to spend $20,374 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: 61/24/15 Blend
64$492,000$492,000$492,000$492,000
65$545,081$519,005$511,379$576,127
66$579,002$522,759$506,833$601,111
67$615,700$526,014$501,451$625,819
68$655,436$528,723$495,185$652,297
69$698,499$530,839$487,982$680,718
70$745,205$532,309$479,788$711,274
71$795,902$533,078$470,547$744,175
72$850,972$533,088$460,199$779,656
73$910,838$532,275$448,682$817,974
74$975,961$530,574$435,931$859,413
75$1,046,851$527,915$421,877$904,288
76$1,124,070$524,223$406,449$952,946
77$1,208,234$519,418$389,574$1,005,770
78$1,300,022$513,418$371,173$1,063,185
79$1,400,181$506,133$351,165$1,125,656
80$1,509,535$497,469$329,464$1,193,702
81$1,628,989$487,326$305,983$1,267,891
82$1,759,540$475,599$280,627$1,348,852
83$1,902,286$462,176$253,301$1,437,282
84$2,058,435$446,938$223,902$1,533,946
85$2,229,317$429,761$192,325$1,639,691
86$2,416,399$410,510$158,459$1,755,451
87$2,621,293$389,047$122,189$1,882,259
88$2,845,776$365,222$83,394$2,021,253
89$3,091,806$338,878$41,948$2,173,688
90$3,361,538$309,851$0$2,340,953
91$3,657,345$277,963$0$2,524,942
92$3,981,841$243,031$0$2,734,168
93$4,337,907$204,857$0$2,963,795
94$4,728,713$163,235$0$3,215,904
95$5,157,755$117,946$0$3,492,789
96$5,628,880$68,760$0$3,796,978
97$6,146,329$15,432$0$4,131,260
98$6,714,771$0$0$4,498,709
99$7,339,352$0$0$4,913,886
100$8,025,741$0$0$5,374,667