Can I retire at age 65 with 498,000?

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 $498,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.9%
1 years$41,124$40,758$40,401$40,052$39,711$38,751
2 years$20,359$19,979$19,612$19,256$18,910$17,949
3 years$13,438$13,057$12,690$12,337$11,997$11,065
4 years$9,978$9,598$9,235$8,888$8,557$7,660
5 years$7,902$7,525$7,167$6,827$6,505$5,646
6 years$6,519$6,145$5,792$5,460$5,147$4,327
7 years$5,532$5,160$4,813$4,489$4,186$3,406
8 years$4,791$4,423$4,082$3,765$3,473$2,731
9 years$4,216$3,851$3,516$3,207$2,924$2,221
10 years$3,756$3,395$3,065$2,765$2,492$1,826
11 years$3,380$3,022$2,698$2,406$2,143$1,514
12 years$3,066$2,713$2,395$2,111$1,857$1,264
13 years$2,801$2,451$2,140$1,863$1,619$1,061
14 years$2,574$2,228$1,922$1,654$1,420$894
15 years$2,378$2,036$1,736$1,475$1,250$756
16 years$2,206$1,868$1,574$1,321$1,105$642
17 years$2,055$1,720$1,432$1,187$979$546
18 years$1,921$1,589$1,307$1,069$871$465
19 years$1,800$1,473$1,197$966$776$397
20 years$1,693$1,369$1,098$875$693$340
21 years$1,595$1,275$1,010$794$620$291
22 years$1,506$1,190$931$722$556$250
23 years$1,426$1,113$860$658$499$214
24 years$1,352$1,043$795$600$449$184
25 years$1,284$979$736$548$404$158
26 years$1,221$920$683$501$364$136
27 years$1,164$866$634$459$328$117
28 years$1,110$816$590$420$296$101
29 years$1,060$770$549$385$267$87
30 years$1,014$727$511$354$241$75
31 years$970$687$476$325$218$64
32 years$930$650$445$298$197$55
33 years$892$616$415$274$179$48
34 years$856$583$388$252$162$41
35 years$823$553$363$232$147$35
36 years$791$525$339$214$133$31
37 years$761$499$317$197$120$26
38 years$733$474$297$182$109$23
39 years$706$451$279$168$99$20
40 years$681$429$261$155$90$17
41 years$657$408$245$143$81$15
42 years$634$389$230$132$74$13
43 years$612$370$215$122$67$11
44 years$592$353$202$112$61$9
45 years$572$337$190$104$55$8
46 years$553$321$178$96$50$7
47 years$535$307$168$88$46$6
48 years$518$293$157$82$41$5
49 years$502$279$148$76$38$4
50 years$486$267$139$70$34$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $498,000, adding $3,151 every year, while hoping to spend $40,262 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: 58/27/15 Blend
64$498,000$498,000$498,000$498,000
65$552,046$525,652$517,933$581,767
66$565,517$508,571$492,446$585,156
67$579,011$489,303$464,755$584,136
68$592,491$467,699$434,744$582,087
69$605,909$443,601$402,292$578,919
70$619,215$416,841$367,273$574,530
71$632,351$387,242$329,552$568,813
72$645,251$354,616$288,992$561,652
73$657,841$318,767$245,448$552,921
74$670,039$279,485$198,769$542,485
75$681,752$236,548$148,796$530,197
76$692,875$189,724$95,366$515,900
77$703,293$138,765$38,305$499,422
78$712,876$83,411$0$480,580
79$721,478$23,387$0$462,788
80$728,938$0$0$448,994
81$735,076$0$0$445,217
82$739,691$0$0$447,391
83$742,561$0$0$448,426
84$743,437$0$0$448,161
85$742,044$0$0$446,419
86$738,076$0$0$443,006
87$731,195$0$0$437,702
88$721,023$0$0$430,267
89$707,145$0$0$420,433
90$689,097$0$0$407,904
91$666,367$0$0$392,351
92$638,389$0$0$373,411
93$604,535$0$0$350,682
94$564,110$0$0$323,719
95$516,346$0$0$292,030
96$460,393$0$0$255,070
97$395,311$0$0$212,238
98$320,062$0$0$162,868
99$233,496$0$0$106,225
100$134,346$0$0$41,497