Can I retire at age 65 with 485,000?

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 $485,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.3%
1 years$40,051$39,694$39,346$39,006$38,675$37,678
2 years$19,827$19,458$19,100$18,753$18,416$17,420
3 years$13,087$12,716$12,359$12,015$11,684$10,718
4 years$9,717$9,348$8,994$8,656$8,333$7,404
5 years$7,696$7,329$6,980$6,649$6,335$5,446
6 years$6,349$5,984$5,641$5,317$5,013$4,165
7 years$5,387$5,026$4,687$4,372$4,077$3,271
8 years$4,666$4,308$3,975$3,667$3,382$2,617
9 years$4,106$3,751$3,424$3,124$2,848$2,123
10 years$3,658$3,306$2,985$2,693$2,427$1,741
11 years$3,291$2,943$2,628$2,343$2,087$1,440
12 years$2,986$2,642$2,332$2,055$1,809$1,199
13 years$2,728$2,387$2,084$1,815$1,577$1,003
14 years$2,507$2,170$1,872$1,611$1,382$843
15 years$2,316$1,982$1,690$1,437$1,217$712
16 years$2,149$1,819$1,533$1,286$1,076$602
17 years$2,001$1,675$1,395$1,156$954$511
18 years$1,870$1,548$1,273$1,042$848$434
19 years$1,753$1,434$1,165$941$756$370
20 years$1,648$1,333$1,070$852$675$315
21 years$1,553$1,242$984$774$604$269
22 years$1,467$1,159$907$703$542$230
23 years$1,388$1,084$837$641$486$197
24 years$1,317$1,016$774$584$437$168
25 years$1,250$953$717$534$393$144
26 years$1,189$896$665$488$354$124
27 years$1,133$843$618$447$319$106
28 years$1,081$794$574$409$288$91
29 years$1,032$749$534$375$260$78
30 years$987$708$498$344$235$67
31 years$945$669$464$316$213$57
32 years$906$633$433$291$192$49
33 years$869$600$404$267$174$42
34 years$834$568$378$246$158$36
35 years$801$539$353$226$143$31
36 years$770$512$330$208$129$27
37 years$741$486$309$192$117$23
38 years$714$462$290$177$106$20
39 years$688$439$271$163$96$17
40 years$663$418$254$151$87$15
41 years$640$398$238$139$79$13
42 years$617$379$224$128$72$11
43 years$596$361$210$118$65$9
44 years$576$344$197$109$59$8
45 years$557$328$185$101$54$7
46 years$539$313$174$93$49$6
47 years$521$299$163$86$44$5
48 years$505$285$153$80$40$4
49 years$489$272$144$74$37$4
50 years$474$260$136$68$33$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $485,000, adding $6,757 every year, while hoping to spend $21,760 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: 28/48/24 Blend
64$485,000$485,000$485,000$485,000
65$541,440$515,735$508,217$552,389
66$573,514$517,853$502,090$563,643
67$608,131$519,346$495,028$573,369
68$645,526$520,160$486,978$583,366
69$685,960$520,238$477,882$593,671
70$729,717$519,519$467,680$604,329
71$777,112$517,940$456,311$615,388
72$828,490$515,431$443,710$626,903
73$884,230$511,921$429,808$638,940
74$944,749$507,333$414,534$651,569
75$1,010,507$501,585$397,814$664,874
76$1,082,007$494,592$379,570$678,948
77$1,159,806$486,261$359,720$693,895
78$1,244,515$476,497$338,179$709,835
79$1,336,806$465,195$314,859$726,901
80$1,437,419$452,249$289,666$745,244
81$1,547,169$437,542$262,503$765,034
82$1,666,953$420,954$233,268$786,460
83$1,797,756$402,355$201,857$809,736
84$1,940,665$381,608$168,157$835,101
85$2,096,877$358,571$132,054$862,824
86$2,267,707$333,090$93,427$893,203
87$2,454,607$305,004$52,150$926,574
88$2,659,171$274,144$8,091$963,311
89$2,883,157$240,328$0$1,003,832
90$3,128,502$203,367$0$1,058,572
91$3,397,337$163,060$0$1,120,939
92$3,692,010$119,194$0$1,189,479
93$4,015,106$71,545$0$1,264,874
94$4,369,472$19,877$0$1,347,885
95$4,758,246$0$0$1,439,352
96$5,184,883$0$0$1,559,256
97$5,653,187$0$0$1,702,478
98$6,167,350$0$0$1,859,809
99$6,731,991$0$0$2,032,674
100$7,352,195$0$0$2,222,641