Can I retire at age 65 with 498,000?

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 $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%14.6%
1 years$41,124$40,758$40,401$40,052$39,711$38,957
2 years$20,359$19,979$19,612$19,256$18,910$18,153
3 years$13,438$13,057$12,690$12,337$11,997$11,262
4 years$9,978$9,598$9,235$8,888$8,557$7,847
5 years$7,902$7,525$7,167$6,827$6,505$5,824
6 years$6,519$6,145$5,792$5,460$5,147$4,496
7 years$5,532$5,160$4,813$4,489$4,186$3,564
8 years$4,791$4,423$4,082$3,765$3,473$2,880
9 years$4,216$3,851$3,516$3,207$2,924$2,361
10 years$3,756$3,395$3,065$2,765$2,492$1,957
11 years$3,380$3,022$2,698$2,406$2,143$1,636
12 years$3,066$2,713$2,395$2,111$1,857$1,377
13 years$2,801$2,451$2,140$1,863$1,619$1,165
14 years$2,574$2,228$1,922$1,654$1,420$991
15 years$2,378$2,036$1,736$1,475$1,250$846
16 years$2,206$1,868$1,574$1,321$1,105$725
17 years$2,055$1,720$1,432$1,187$979$622
18 years$1,921$1,589$1,307$1,069$871$535
19 years$1,800$1,473$1,197$966$776$462
20 years$1,693$1,369$1,098$875$693$399
21 years$1,595$1,275$1,010$794$620$345
22 years$1,506$1,190$931$722$556$299
23 years$1,426$1,113$860$658$499$259
24 years$1,352$1,043$795$600$449$225
25 years$1,284$979$736$548$404$195
26 years$1,221$920$683$501$364$169
27 years$1,164$866$634$459$328$147
28 years$1,110$816$590$420$296$128
29 years$1,060$770$549$385$267$111
30 years$1,014$727$511$354$241$97
31 years$970$687$476$325$218$84
32 years$930$650$445$298$197$74
33 years$892$616$415$274$179$64
34 years$856$583$388$252$162$56
35 years$823$553$363$232$147$49
36 years$791$525$339$214$133$42
37 years$761$499$317$197$120$37
38 years$733$474$297$182$109$32
39 years$706$451$279$168$99$28
40 years$681$429$261$155$90$25
41 years$657$408$245$143$81$21
42 years$634$389$230$132$74$19
43 years$612$370$215$122$67$16
44 years$592$353$202$112$61$14
45 years$572$337$190$104$55$12
46 years$553$321$178$96$50$11
47 years$535$307$168$88$46$9
48 years$518$293$157$82$41$8
49 years$502$279$148$76$38$7
50 years$486$267$139$70$34$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $498,000, adding $2,589 every year, while hoping to spend $20,397 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: 55/29/16 Blend
64$498,000$498,000$498,000$498,000
65$551,467$525,073$517,354$579,324
66$586,014$529,099$512,983$602,609
67$623,401$532,639$507,782$625,538
68$663,897$535,647$501,701$650,046
69$707,796$538,075$494,690$676,288
70$755,423$539,872$486,693$704,435
71$807,134$540,984$477,655$734,679
72$863,320$541,351$467,516$767,229
73$924,415$540,913$456,213$802,319
74$990,891$539,604$443,683$840,204
75$1,063,272$537,355$429,856$881,170
76$1,142,133$534,091$414,663$925,531
77$1,228,104$529,736$398,028$973,633
78$1,321,884$524,206$379,875$1,025,861
79$1,424,237$517,413$360,121$1,082,639
80$1,536,007$509,264$338,683$1,144,437
81$1,658,122$499,660$315,472$1,211,771
82$1,791,604$488,497$290,394$1,285,214
83$1,937,579$475,665$263,353$1,365,399
84$2,097,285$461,045$234,248$1,453,024
85$2,272,086$444,514$202,973$1,548,861
86$2,463,484$425,941$169,419$1,653,762
87$2,673,134$405,187$133,469$1,768,669
88$2,902,857$382,105$95,003$1,894,621
89$3,154,660$356,539$53,897$2,032,766
90$3,430,751$328,325$10,018$2,184,371
91$3,733,564$297,289$0$2,350,837
92$4,065,780$263,249$0$2,539,992
93$4,430,350$226,009$0$2,749,493
94$4,830,528$185,366$0$2,979,534
95$5,269,894$141,101$0$3,232,223
96$5,752,396$92,987$0$3,509,879
97$6,282,379$40,783$0$3,815,066
98$6,864,633$0$0$4,150,606
99$7,504,432$0$0$4,524,647
100$8,207,588$0$0$4,950,081