Can I retire at age 65 with 490,000?

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 $490,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.6%
1 years$40,464$40,103$39,752$39,408$39,073$38,649
2 years$20,032$19,658$19,297$18,946$18,606$18,179
3 years$13,222$12,847$12,486$12,139$11,805$11,388
4 years$9,817$9,444$9,087$8,746$8,419$8,016
5 years$7,775$7,404$7,052$6,717$6,400$6,012
6 years$6,415$6,046$5,699$5,372$5,064$4,691
7 years$5,443$5,077$4,736$4,417$4,119$3,761
8 years$4,714$4,352$4,016$3,705$3,417$3,074
9 years$4,148$3,789$3,459$3,156$2,877$2,550
10 years$3,695$3,340$3,016$2,720$2,452$2,139
11 years$3,325$2,974$2,655$2,368$2,109$1,811
12 years$3,017$2,669$2,356$2,077$1,827$1,544
13 years$2,756$2,412$2,105$1,833$1,593$1,324
14 years$2,533$2,192$1,892$1,627$1,397$1,141
15 years$2,340$2,003$1,708$1,451$1,230$988
16 years$2,171$1,838$1,548$1,300$1,087$858
17 years$2,022$1,692$1,409$1,168$964$747
18 years$1,890$1,564$1,286$1,052$857$652
19 years$1,772$1,449$1,177$951$764$571
20 years$1,665$1,347$1,081$861$682$500
21 years$1,569$1,254$994$782$610$439
22 years$1,482$1,171$916$711$547$386
23 years$1,403$1,095$846$647$491$340
24 years$1,330$1,026$782$590$442$300
25 years$1,263$963$725$539$397$264
26 years$1,202$905$672$493$358$233
27 years$1,145$852$624$451$323$206
28 years$1,092$803$580$413$291$182
29 years$1,043$757$540$379$263$161
30 years$997$715$503$348$238$143
31 years$955$676$469$319$215$126
32 years$915$640$437$294$194$112
33 years$878$606$408$270$176$99
34 years$842$574$382$248$159$88
35 years$809$544$357$229$144$78
36 years$778$517$334$211$131$69
37 years$749$491$312$194$118$61
38 years$721$466$292$179$107$54
39 years$695$444$274$165$97$48
40 years$670$422$257$152$88$43
41 years$646$402$241$140$80$38
42 years$624$383$226$130$73$34
43 years$603$365$212$120$66$30
44 years$582$347$199$110$60$26
45 years$563$331$187$102$54$23
46 years$544$316$175$94$49$21
47 years$527$302$165$87$45$18
48 years$510$288$155$80$41$16
49 years$494$275$146$74$37$15
50 years$478$263$137$69$34$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $490,000, adding $2,068 every year, while hoping to spend $39,339 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: 55/39/6 Blend
64$490,000$490,000$490,000$490,000
65$542,113$516,143$508,548$571,104
66$555,552$499,578$483,728$574,331
67$569,044$480,882$456,758$573,289
68$582,551$459,911$427,525$571,188
69$596,034$436,508$395,909$567,934
70$609,445$410,513$361,787$563,423
71$622,731$381,750$325,030$557,544
72$635,832$350,039$285,501$550,179
73$648,682$315,186$243,060$541,200
74$661,204$276,987$197,559$530,467
75$673,314$235,226$148,845$517,831
76$684,916$189,676$96,755$503,133
77$695,903$140,096$41,122$486,198
78$706,157$86,232$0$466,839
79$715,543$27,816$0$446,023
80$723,914$0$0$425,250
81$731,103$0$0$416,868
82$736,926$0$0$419,570
83$741,177$0$0$421,294
84$743,629$0$0$421,900
85$744,026$0$0$421,233
86$742,086$0$0$419,121
87$737,498$0$0$415,374
88$729,912$0$0$409,781
89$718,944$0$0$402,105
90$704,167$0$0$392,089
91$685,107$0$0$379,443
92$661,239$0$0$363,850
93$631,985$0$0$344,956
94$596,700$0$0$322,370
95$554,675$0$0$295,660
96$505,121$0$0$264,349
97$447,170$0$0$227,908
98$379,860$0$0$185,753
99$302,127$0$0$137,238
100$212,796$0$0$81,650