Can I retire at age 65 with 495,000?

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 $495,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.1%
1 years$40,877$40,513$40,157$39,811$39,472$38,487
2 years$20,236$19,859$19,494$19,140$18,796$17,810
3 years$13,357$12,978$12,614$12,263$11,925$10,968
4 years$9,918$9,540$9,180$8,835$8,505$7,585
5 years$7,855$7,480$7,124$6,786$6,465$5,585
6 years$6,480$6,108$5,757$5,427$5,116$4,276
7 years$5,498$5,129$4,784$4,462$4,161$3,362
8 years$4,763$4,397$4,057$3,743$3,452$2,693
9 years$4,190$3,828$3,495$3,188$2,907$2,188
10 years$3,733$3,374$3,047$2,748$2,477$1,796
11 years$3,359$3,004$2,682$2,392$2,130$1,487
12 years$3,048$2,696$2,380$2,098$1,846$1,240
13 years$2,784$2,437$2,127$1,852$1,610$1,039
14 years$2,559$2,215$1,911$1,644$1,411$875
15 years$2,364$2,023$1,725$1,466$1,242$739
16 years$2,193$1,856$1,564$1,313$1,098$626
17 years$2,043$1,710$1,423$1,180$974$532
18 years$1,909$1,580$1,299$1,063$866$453
19 years$1,790$1,464$1,189$961$772$386
20 years$1,682$1,360$1,092$870$689$330
21 years$1,585$1,267$1,004$790$617$282
22 years$1,497$1,183$925$718$553$241
23 years$1,417$1,106$854$654$496$207
24 years$1,344$1,037$790$596$446$177
25 years$1,276$973$732$545$401$152
26 years$1,214$914$679$498$362$130
27 years$1,157$860$630$456$326$112
28 years$1,103$811$586$418$294$96
29 years$1,054$765$545$383$266$83
30 years$1,008$722$508$351$240$71
31 years$965$683$474$323$217$61
32 years$924$646$442$297$196$53
33 years$886$612$413$273$178$45
34 years$851$580$385$251$161$39
35 years$818$550$360$231$146$34
36 years$786$522$337$213$132$29
37 years$756$496$316$196$120$25
38 years$728$471$295$181$108$21
39 years$702$448$277$167$98$18
40 years$677$426$259$154$89$16
41 years$653$406$243$142$81$14
42 years$630$386$228$131$73$12
43 years$609$368$214$121$67$10
44 years$588$351$201$112$60$9
45 years$569$335$189$103$55$8
46 years$550$319$177$95$50$6
47 years$532$305$167$88$45$6
48 years$515$291$157$81$41$5
49 years$499$278$147$75$37$4
50 years$483$265$138$69$34$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $495,000, adding $4,771 every year, while hoping to spend $33,634 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: 41/34/25 Blend
64$495,000$495,000$495,000$495,000
65$550,411$524,176$516,504$568,762
66$570,767$514,075$498,020$572,302
67$592,072$502,351$477,790$572,595
68$614,387$488,890$455,720$572,252
69$637,778$473,569$431,711$571,233
70$662,319$456,261$405,660$569,500
71$688,086$436,829$377,461$567,011
72$715,165$415,128$347,000$563,724
73$743,649$391,006$314,161$559,596
74$773,637$364,301$278,822$554,583
75$805,240$334,844$240,854$548,642
76$838,575$302,452$200,124$541,727
77$873,774$266,936$156,492$533,793
78$910,977$228,095$109,813$524,794
79$950,340$185,714$59,934$514,685
80$992,030$139,570$6,698$503,422
81$1,036,233$89,425$0$490,960
82$1,083,149$35,027$0$490,624
83$1,133,000$0$0$491,780
84$1,186,025$0$0$501,586
85$1,242,489$0$0$526,018
86$1,302,680$0$0$552,099
87$1,366,914$0$0$579,973
88$1,435,538$0$0$609,793
89$1,508,932$0$0$641,731
90$1,587,511$0$0$675,974
91$1,671,732$0$0$712,726
92$1,762,096$0$0$752,212
93$1,859,153$0$0$794,680
94$1,963,505$0$0$840,401
95$2,075,814$0$0$889,672
96$2,196,809$0$0$942,821
97$2,327,286$0$0$1,000,206
98$2,468,123$0$0$1,062,223
99$2,620,285$0$0$1,129,306
100$2,784,830$0$0$1,201,931