Can I retire at age 65 with 481,000?

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 $481,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.6%
1 years$39,721$39,367$39,022$38,685$38,356$37,474
2 years$19,664$19,297$18,942$18,598$18,265$17,381
3 years$12,979$12,611$12,257$11,916$11,588$10,730
4 years$9,637$9,270$8,920$8,585$8,265$7,440
5 years$7,633$7,268$6,922$6,594$6,283$5,492
6 years$6,297$5,935$5,594$5,273$4,971$4,217
7 years$5,343$4,984$4,649$4,335$4,043$3,324
8 years$4,628$4,272$3,943$3,637$3,354$2,671
9 years$4,072$3,720$3,396$3,098$2,825$2,176
10 years$3,628$3,279$2,960$2,670$2,407$1,792
11 years$3,264$2,919$2,606$2,324$2,070$1,489
12 years$2,962$2,620$2,313$2,038$1,794$1,245
13 years$2,706$2,368$2,067$1,800$1,564$1,047
14 years$2,487$2,152$1,857$1,598$1,371$884
15 years$2,297$1,966$1,676$1,425$1,207$750
16 years$2,131$1,804$1,520$1,276$1,067$638
17 years$1,985$1,661$1,383$1,146$946$543
18 years$1,855$1,535$1,263$1,033$841$464
19 years$1,739$1,423$1,156$933$750$397
20 years$1,635$1,322$1,061$845$670$341
21 years$1,541$1,231$976$767$599$292
22 years$1,455$1,149$899$698$537$251
23 years$1,377$1,075$830$635$482$216
24 years$1,306$1,007$768$579$433$186
25 years$1,240$945$711$529$390$160
26 years$1,180$888$660$484$351$138
27 years$1,124$836$613$443$317$119
28 years$1,072$788$569$406$286$103
29 years$1,024$743$530$372$258$89
30 years$979$702$494$341$233$77
31 years$937$664$460$314$211$66
32 years$898$628$429$288$191$57
33 years$861$595$401$265$173$49
34 years$827$564$375$244$156$43
35 years$794$534$350$224$142$37
36 years$764$507$328$207$128$32
37 years$735$482$307$190$116$28
38 years$708$458$287$176$105$24
39 years$682$435$269$162$96$21
40 years$658$414$252$149$87$18
41 years$634$394$236$138$79$15
42 years$612$376$222$127$71$13
43 years$591$358$208$117$65$11
44 years$571$341$195$108$59$10
45 years$552$325$183$100$53$9
46 years$534$310$172$92$48$7
47 years$517$296$162$85$44$6
48 years$501$283$152$79$40$6
49 years$485$270$143$73$36$5
50 years$470$258$134$67$33$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $481,000, adding $3,989 every year, while hoping to spend $29,735 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: 59/12/29 Blend
64$481,000$481,000$481,000$481,000
65$534,177$508,684$501,228$561,258
66$557,025$501,971$486,381$573,528
67$581,207$493,934$470,041$583,417
68$606,828$484,474$452,125$593,592
69$634,001$473,490$432,548$604,090
70$662,853$460,875$411,222$614,952
71$693,519$446,513$388,053$626,224
72$726,150$430,284$362,945$637,960
73$760,908$412,059$335,794$650,218
74$797,974$391,702$306,496$663,068
75$837,543$369,071$274,940$676,585
76$879,830$344,014$241,008$690,855
77$925,072$316,370$204,581$705,976
78$973,527$285,969$165,532$722,056
79$1,025,478$252,633$123,729$739,218
80$1,081,237$216,172$79,034$757,599
81$1,141,144$176,386$31,303$777,352
82$1,205,576$133,064$0$798,650
83$1,274,942$85,982$0$827,762
84$1,349,695$34,904$0$869,557
85$1,430,332$0$0$914,631
86$1,517,397$0$0$966,001
87$1,611,489$0$0$1,026,530
88$1,713,268$0$0$1,092,036
89$1,823,456$0$0$1,162,988
90$1,942,849$0$0$1,239,904
91$2,072,323$0$0$1,323,351
92$2,212,839$0$0$1,413,955
93$2,365,455$0$0$1,512,402
94$2,531,336$0$0$1,619,449
95$2,711,762$0$0$1,735,928
96$2,908,142$0$0$1,862,753
97$3,122,025$0$0$2,000,932
98$3,355,118$0$0$2,151,572
99$3,609,298$0$0$2,315,894
100$3,886,631$0$0$2,495,241