Can I retire at age 65 with 500,000?

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 $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%13%
1 years$41,290$40,922$40,563$40,213$39,871$39,372
2 years$20,440$20,060$19,691$19,333$18,986$18,485
3 years$13,492$13,109$12,741$12,387$12,046$11,557
4 years$10,018$9,637$9,272$8,924$8,591$8,118
5 years$7,934$7,555$7,196$6,855$6,531$6,076
6 years$6,545$6,169$5,815$5,482$5,168$4,731
7 years$5,554$5,181$4,832$4,507$4,203$3,784
8 years$4,811$4,441$4,098$3,781$3,486$3,086
9 years$4,233$3,867$3,530$3,220$2,936$2,554
10 years$3,771$3,408$3,077$2,776$2,502$2,138
11 years$3,393$3,034$2,709$2,416$2,152$1,805
12 years$3,079$2,723$2,404$2,119$1,864$1,535
13 years$2,813$2,461$2,148$1,871$1,626$1,313
14 years$2,585$2,237$1,930$1,661$1,425$1,129
15 years$2,388$2,044$1,743$1,481$1,255$974
16 years$2,215$1,875$1,580$1,326$1,109$844
17 years$2,063$1,727$1,438$1,191$983$733
18 years$1,928$1,596$1,312$1,074$874$638
19 years$1,808$1,479$1,202$970$779$557
20 years$1,699$1,374$1,103$879$696$486
21 years$1,601$1,280$1,014$798$623$426
22 years$1,512$1,195$935$725$558$373
23 years$1,431$1,118$863$660$501$328
24 years$1,357$1,047$798$602$451$288
25 years$1,289$983$739$550$405$253
26 years$1,226$923$686$503$365$223
27 years$1,168$869$637$460$329$196
28 years$1,114$819$592$422$297$173
29 years$1,064$773$551$387$268$152
30 years$1,018$730$513$355$242$134
31 years$974$690$478$326$219$118
32 years$934$653$446$300$198$105
33 years$895$618$417$276$179$92
34 years$860$586$389$254$162$82
35 years$826$556$364$233$147$72
36 years$794$527$341$215$133$64
37 years$764$501$319$198$121$56
38 years$736$476$298$183$110$50
39 years$709$453$280$168$99$44
40 years$684$431$262$155$90$39
41 years$659$410$246$143$82$34
42 years$637$390$231$132$74$30
43 years$615$372$216$122$67$27
44 years$594$355$203$113$61$24
45 years$574$338$191$104$55$21
46 years$555$323$179$96$50$19
47 years$538$308$168$89$46$16
48 years$520$294$158$82$42$15
49 years$504$281$149$76$38$13
50 years$488$268$140$70$34$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $500,000, adding $4,753 every year, while hoping to spend $35,690 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: 47/38/15 Blend
64$500,000$500,000$500,000$500,000
65$555,903$529,403$521,653$579,473
66$574,631$517,370$501,154$584,268
67$594,073$503,551$478,773$585,445
68$614,265$487,821$454,408$585,944
69$635,243$470,047$427,954$585,715
70$657,048$450,090$399,301$584,706
71$679,724$427,801$368,334$582,861
72$703,315$403,023$334,932$580,125
73$727,872$375,590$298,971$576,437
74$753,448$345,326$260,320$571,734
75$780,099$312,046$218,840$565,951
76$807,887$275,555$174,389$559,020
77$836,878$235,644$126,818$550,869
78$867,145$192,095$75,971$541,423
79$898,762$144,677$21,685$530,606
80$931,815$93,145$0$518,337
81$966,392$37,241$0$510,333
82$1,002,592$0$0$504,788
83$1,040,519$0$0$507,912
84$1,080,288$0$0$527,533
85$1,122,023$0$0$548,142
86$1,165,859$0$0$569,807
87$1,211,942$0$0$592,603
88$1,260,431$0$0$616,611
89$1,311,499$0$0$641,920
90$1,365,336$0$0$668,628
91$1,422,145$0$0$696,838
92$1,482,152$0$0$726,665
93$1,545,600$0$0$758,236
94$1,612,756$0$0$791,687
95$1,683,912$0$0$827,167
96$1,759,386$0$0$864,841
97$1,839,524$0$0$904,886
98$1,924,708$0$0$947,498
99$2,015,354$0$0$992,891
100$2,111,917$0$0$1,041,300