Can I retire at age 65 with 500,000?

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 $500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18%
1 years$41,290$40,922$40,563$40,213$39,871$38,579
2 years$20,440$20,060$19,691$19,333$18,986$17,697
3 years$13,492$13,109$12,741$12,387$12,046$10,799
4 years$10,018$9,637$9,272$8,924$8,591$7,397
5 years$7,934$7,555$7,196$6,855$6,531$5,392
6 years$6,545$6,169$5,815$5,482$5,168$4,086
7 years$5,554$5,181$4,832$4,507$4,203$3,177
8 years$4,811$4,441$4,098$3,781$3,486$2,517
9 years$4,233$3,867$3,530$3,220$2,936$2,021
10 years$3,771$3,408$3,077$2,776$2,502$1,640
11 years$3,393$3,034$2,709$2,416$2,152$1,342
12 years$3,079$2,723$2,404$2,119$1,864$1,104
13 years$2,813$2,461$2,148$1,871$1,626$914
14 years$2,585$2,237$1,930$1,661$1,425$759
15 years$2,388$2,044$1,743$1,481$1,255$633
16 years$2,215$1,875$1,580$1,326$1,109$529
17 years$2,063$1,727$1,438$1,191$983$443
18 years$1,928$1,596$1,312$1,074$874$372
19 years$1,808$1,479$1,202$970$779$313
20 years$1,699$1,374$1,103$879$696$263
21 years$1,601$1,280$1,014$798$623$222
22 years$1,512$1,195$935$725$558$187
23 years$1,431$1,118$863$660$501$158
24 years$1,357$1,047$798$602$451$133
25 years$1,289$983$739$550$405$113
26 years$1,226$923$686$503$365$95
27 years$1,168$869$637$460$329$81
28 years$1,114$819$592$422$297$68
29 years$1,064$773$551$387$268$58
30 years$1,018$730$513$355$242$49
31 years$974$690$478$326$219$41
32 years$934$653$446$300$198$35
33 years$895$618$417$276$179$30
34 years$860$586$389$254$162$25
35 years$826$556$364$233$147$21
36 years$794$527$341$215$133$18
37 years$764$501$319$198$121$15
38 years$736$476$298$183$110$13
39 years$709$453$280$168$99$11
40 years$684$431$262$155$90$9
41 years$659$410$246$143$82$8
42 years$637$390$231$132$74$7
43 years$615$372$216$122$67$6
44 years$594$355$203$113$61$5
45 years$574$338$191$104$55$4
46 years$555$323$179$96$50$3
47 years$538$308$168$89$46$3
48 years$520$294$158$82$42$2
49 years$504$281$149$76$38$2
50 years$488$268$140$70$34$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $500,000, adding $3,492 every year, while hoping to spend $38,673 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: 49/29/22 Blend
64$500,000$500,000$500,000$500,000
65$554,602$528,102$520,352$578,183
66$570,024$512,831$496,636$579,674
67$585,722$495,516$470,829$577,109
68$601,685$476,015$442,821$573,524
69$617,897$454,180$412,496$568,839
70$634,340$429,852$379,732$562,969
71$650,992$402,865$344,403$555,824
72$667,830$373,042$306,377$547,306
73$684,824$340,197$265,516$537,311
74$701,941$304,131$221,676$525,730
75$719,143$264,637$174,705$512,443
76$736,385$221,495$124,448$497,325
77$753,619$174,471$70,740$480,241
78$770,788$123,319$13,409$461,046
79$787,828$67,781$0$439,587
80$804,665$7,581$0$426,912
81$821,220$0$0$415,720
82$837,398$0$0$421,088
83$853,099$0$0$428,586
84$868,204$0$0$435,733
85$882,585$0$0$442,456
86$896,097$0$0$448,677
87$908,576$0$0$454,307
88$919,842$0$0$459,247
89$929,693$0$0$463,387
90$937,904$0$0$466,604
91$944,224$0$0$468,761
92$948,374$0$0$469,707
93$950,044$0$0$469,274
94$948,891$0$0$467,273
95$944,530$0$0$463,498
96$936,539$0$0$457,717
97$924,446$0$0$449,675
98$907,729$0$0$439,089
99$885,811$0$0$425,645
100$858,050$0$0$408,995