Can I retire at age 64 with 487,000?

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 $487,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.3%
1 years$40,216$39,858$39,508$39,167$38,834$37,988
2 years$19,909$19,538$19,179$18,830$18,492$17,644
3 years$13,141$12,768$12,410$12,065$11,732$10,909
4 years$9,757$9,386$9,031$8,692$8,368$7,575
5 years$7,728$7,359$7,009$6,676$6,361$5,601
6 years$6,375$6,009$5,664$5,339$5,033$4,307
7 years$5,410$5,046$4,707$4,390$4,093$3,401
8 years$4,686$4,326$3,992$3,682$3,396$2,737
9 years$4,123$3,766$3,438$3,136$2,860$2,234
10 years$3,673$3,320$2,997$2,704$2,437$1,844
11 years$3,305$2,955$2,639$2,353$2,096$1,534
12 years$2,998$2,653$2,342$2,064$1,816$1,286
13 years$2,739$2,397$2,092$1,822$1,584$1,083
14 years$2,518$2,179$1,880$1,617$1,388$917
15 years$2,326$1,991$1,697$1,443$1,222$779
16 years$2,158$1,826$1,539$1,292$1,080$664
17 years$2,010$1,682$1,400$1,161$958$567
18 years$1,878$1,554$1,278$1,046$852$486
19 years$1,761$1,440$1,170$945$759$417
20 years$1,655$1,338$1,074$856$678$358
21 years$1,560$1,247$988$777$607$308
22 years$1,473$1,164$910$706$544$265
23 years$1,394$1,088$841$643$488$229
24 years$1,322$1,020$777$587$439$197
25 years$1,256$957$720$536$395$170
26 years$1,194$899$668$490$356$147
27 years$1,138$847$620$448$321$127
28 years$1,085$798$577$411$289$110
29 years$1,037$753$537$377$261$95
30 years$991$711$500$346$236$82
31 years$949$672$466$318$213$71
32 years$909$636$435$292$193$62
33 years$872$602$406$268$175$53
34 years$837$571$379$247$158$46
35 years$804$541$355$227$143$40
36 years$773$514$332$209$130$35
37 years$744$488$310$193$118$30
38 years$717$464$291$178$107$26
39 years$691$441$272$164$97$23
40 years$666$419$255$151$88$20
41 years$642$399$239$139$80$17
42 years$620$380$225$129$72$15
43 years$599$362$211$119$66$13
44 years$579$345$198$110$60$11
45 years$559$329$186$101$54$10
46 years$541$314$174$94$49$8
47 years$524$300$164$86$45$7
48 years$507$286$154$80$40$6
49 years$491$273$145$74$37$5
50 years$475$261$136$68$33$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $487,000, adding $6,787 every year, while hoping to spend $35,787 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: 56/25/19 Blend
63$487,000$487,000$487,000$487,000
64$543,675$517,864$510,315$571,000
65$561,053$505,162$489,334$577,687
66$579,003$490,638$466,450$580,554
67$597,548$474,166$441,562$582,885
68$616,708$455,610$414,565$584,638
69$636,506$434,829$385,346$585,768
70$656,965$411,671$353,791$586,227
71$678,111$385,978$319,779$585,966
72$699,969$357,582$283,182$584,931
73$722,566$326,304$243,868$583,066
74$745,931$291,956$201,701$580,313
75$770,093$254,339$156,536$576,611
76$795,084$213,243$108,221$571,893
77$820,938$168,447$56,602$566,091
78$847,688$119,716$1,512$559,133
79$875,372$66,801$0$550,944
80$904,028$9,442$0$553,056
81$933,697$0$0$554,854
82$964,422$0$0$570,464
83$996,248$0$0$589,326
84$1,029,226$0$0$608,875
85$1,063,404$0$0$629,139
86$1,098,839$0$0$650,152
87$1,135,587$0$0$671,950
88$1,173,710$0$0$694,568
89$1,213,275$0$0$718,047
90$1,254,350$0$0$742,428
91$1,297,010$0$0$767,758
92$1,341,336$0$0$794,083
93$1,387,411$0$0$821,456
94$1,435,328$0$0$849,932
95$1,485,184$0$0$879,571
96$1,537,084$0$0$910,435
97$1,591,141$0$0$942,593
98$1,647,476$0$0$976,120
99$1,706,219$0$0$1,011,093
100$1,767,511$0$0$1,047,600