Can I retire at age 65 with 489,000?

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 $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%11.1%
1 years$40,381$40,021$39,671$39,328$38,994$38,813
2 years$19,991$19,618$19,258$18,908$18,568$18,386
3 years$13,195$12,821$12,461$12,114$11,781$11,602
4 years$9,797$9,425$9,068$8,728$8,402$8,229
5 years$7,760$7,389$7,037$6,704$6,387$6,220
6 years$6,401$6,034$5,687$5,361$5,054$4,893
7 years$5,432$5,067$4,726$4,408$4,110$3,955
8 years$4,705$4,343$4,008$3,697$3,410$3,261
9 years$4,140$3,782$3,452$3,149$2,872$2,729
10 years$3,688$3,333$3,010$2,715$2,447$2,310
11 years$3,318$2,968$2,650$2,363$2,104$1,973
12 years$3,011$2,664$2,352$2,072$1,823$1,699
13 years$2,751$2,407$2,101$1,830$1,590$1,471
14 years$2,528$2,188$1,888$1,624$1,394$1,280
15 years$2,335$1,999$1,704$1,448$1,227$1,119
16 years$2,166$1,834$1,545$1,297$1,085$982
17 years$2,018$1,689$1,406$1,165$962$864
18 years$1,886$1,561$1,284$1,050$855$762
19 years$1,768$1,446$1,175$949$762$674
20 years$1,662$1,344$1,078$859$681$598
21 years$1,566$1,252$992$780$609$531
22 years$1,479$1,169$914$709$546$472
23 years$1,400$1,093$844$646$490$420
24 years$1,327$1,024$781$589$441$374
25 years$1,261$961$723$538$396$334
26 years$1,199$903$671$492$357$298
27 years$1,143$850$623$450$322$267
28 years$1,090$801$579$413$291$239
29 years$1,041$756$539$378$262$214
30 years$995$714$502$347$237$191
31 years$953$675$468$319$214$171
32 years$913$638$436$293$194$154
33 years$876$604$408$269$175$138
34 years$841$573$381$248$159$124
35 years$808$543$356$228$144$111
36 years$777$516$333$210$130$100
37 years$747$490$312$194$118$89
38 years$720$466$292$179$107$80
39 years$693$443$273$165$97$72
40 years$669$421$256$152$88$65
41 years$645$401$240$140$80$58
42 years$623$382$225$129$73$52
43 years$601$364$212$119$66$47
44 years$581$347$199$110$60$42
45 years$562$331$186$102$54$38
46 years$543$315$175$94$49$34
47 years$526$301$165$87$45$31
48 years$509$287$155$80$41$28
49 years$493$274$145$74$37$25
50 years$477$262$137$69$34$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $489,000, adding $5,971 every year, while hoping to spend $27,353 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: 64/25/11 Blend
64$489,000$489,000$489,000$489,000
65$545,037$519,120$511,541$578,197
66$571,527$515,454$499,574$597,422
67$599,803$510,691$486,289$614,680
68$630,017$504,749$471,614$632,839
69$662,338$497,540$455,472$651,988
70$696,949$488,972$437,783$672,222
71$734,053$478,947$418,464$693,650
72$773,870$467,360$397,427$716,389
73$816,645$454,100$374,580$740,572
74$862,644$439,052$349,830$766,347
75$912,160$422,092$323,075$793,875
76$965,514$403,088$294,212$823,338
77$1,023,061$381,904$263,133$854,937
78$1,085,187$358,392$229,722$888,894
79$1,152,321$332,397$193,862$925,457
80$1,224,930$303,757$155,429$964,898
81$1,303,530$272,298$114,293$1,007,521
82$1,388,688$237,839$70,319$1,053,663
83$1,481,025$200,184$23,367$1,103,697
84$1,581,228$159,132$0$1,158,035
85$1,690,050$114,465$0$1,220,274
86$1,808,319$65,958$0$1,290,911
87$1,936,946$13,369$0$1,367,783
88$2,076,936$0$0$1,451,529
89$2,229,390$0$0$1,554,840
90$2,395,524$0$0$1,671,459
91$2,576,673$0$0$1,798,652
92$2,774,310$0$0$1,937,454
93$2,990,052$0$0$2,089,007
94$3,225,681$0$0$2,254,568
95$3,483,160$0$0$2,435,519
96$3,764,649$0$0$2,633,383
97$4,072,525$0$0$2,849,837
98$4,409,406$0$0$3,086,726
99$4,778,176$0$0$3,346,083
100$5,182,009$0$0$3,630,146