Can I retire at age 65 with 497,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $497,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.5%
1 years$41,042$40,676$40,320$39,971$39,631$39,382
2 years$20,318$19,939$19,573$19,217$18,872$18,620
3 years$13,411$13,031$12,665$12,313$11,973$11,727
4 years$9,958$9,579$9,217$8,870$8,539$8,301
5 years$7,887$7,510$7,153$6,813$6,492$6,261
6 years$6,506$6,132$5,780$5,449$5,137$4,914
7 years$5,521$5,150$4,803$4,480$4,177$3,964
8 years$4,782$4,415$4,074$3,758$3,466$3,261
9 years$4,207$3,844$3,509$3,201$2,918$2,722
10 years$3,748$3,388$3,059$2,759$2,487$2,299
11 years$3,373$3,016$2,693$2,401$2,139$1,959
12 years$3,060$2,707$2,390$2,106$1,853$1,682
13 years$2,796$2,446$2,135$1,860$1,616$1,453
14 years$2,569$2,224$1,919$1,651$1,417$1,261
15 years$2,373$2,031$1,732$1,472$1,247$1,100
16 years$2,202$1,864$1,571$1,318$1,102$962
17 years$2,051$1,716$1,429$1,184$977$844
18 years$1,917$1,586$1,305$1,067$869$743
19 years$1,797$1,470$1,194$964$775$655
20 years$1,689$1,366$1,096$873$692$579
21 years$1,592$1,272$1,008$793$619$513
22 years$1,503$1,188$929$721$555$454
23 years$1,423$1,111$858$656$498$403
24 years$1,349$1,041$793$599$448$358
25 years$1,281$977$735$547$403$319
26 years$1,219$918$682$500$363$284
27 years$1,161$864$633$458$327$253
28 years$1,108$814$588$419$295$226
29 years$1,058$768$548$384$267$201
30 years$1,012$725$510$353$241$180
31 years$968$686$475$324$218$161
32 years$928$649$444$298$197$143
33 years$890$614$414$274$178$128
34 years$854$582$387$252$161$115
35 years$821$552$362$232$146$103
36 years$789$524$338$214$132$92
37 years$760$498$317$197$120$82
38 years$731$473$297$181$109$74
39 years$705$450$278$167$99$66
40 years$679$428$261$154$90$59
41 years$656$407$244$142$81$53
42 years$633$388$229$131$74$47
43 years$611$370$215$121$67$42
44 years$591$352$202$112$61$38
45 years$571$336$190$103$55$34
46 years$552$321$178$96$50$30
47 years$534$306$167$88$45$27
48 years$517$292$157$82$41$24
49 years$501$279$148$75$37$22
50 years$485$266$139$70$34$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $497,000, adding $6,802 every year, while hoping to spend $30,276 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: 41/43/16 Blend
64$497,000$497,000$497,000$497,000
65$554,710$528,369$520,666$574,579
66$579,077$522,046$505,895$582,971
67$604,915$514,398$489,614$588,573
68$632,342$505,329$471,741$593,990
69$661,486$494,735$452,190$599,220
70$692,489$482,509$430,870$604,264
71$725,506$468,535$407,687$609,123
72$760,706$452,692$382,543$613,803
73$798,274$434,849$355,334$618,313
74$838,413$414,872$325,953$622,665
75$881,346$392,616$294,287$626,877
76$927,316$367,927$260,219$630,969
77$976,592$340,645$223,626$634,970
78$1,029,467$310,599$184,380$638,914
79$1,086,262$277,608$142,346$642,844
80$1,147,333$241,482$97,386$646,811
81$1,213,065$202,020$49,354$650,874
82$1,283,887$159,008$0$655,106
83$1,360,266$112,222$0$659,915
84$1,442,717$61,424$0$674,088
85$1,531,804$6,364$0$689,331
86$1,628,148$0$0$705,806
87$1,732,433$0$0$748,878
88$1,845,409$0$0$798,856
89$1,967,901$0$0$853,100
90$2,100,816$0$0$912,018
91$2,245,153$0$0$976,061
92$2,402,008$0$0$1,045,724
93$2,572,590$0$0$1,121,551
94$2,758,227$0$0$1,204,140
95$2,960,381$0$0$1,294,151
96$3,180,660$0$0$1,392,311
97$3,420,835$0$0$1,499,416
98$3,682,853$0$0$1,616,346
99$3,968,860$0$0$1,744,069
100$4,281,216$0$0$1,883,650