Can I retire at age 65 with 502,000?

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 $502,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11%
1 years$41,455$41,085$40,725$40,374$40,030$39,862
2 years$20,522$20,140$19,770$19,410$19,062$18,892
3 years$13,546$13,162$12,792$12,436$12,094$11,927
4 years$10,058$9,675$9,309$8,960$8,625$8,464
5 years$7,966$7,585$7,224$6,882$6,557$6,401
6 years$6,572$6,194$5,838$5,504$5,188$5,038
7 years$5,576$5,202$4,852$4,525$4,219$4,074
8 years$4,830$4,459$4,115$3,796$3,500$3,361
9 years$4,250$3,882$3,544$3,233$2,948$2,814
10 years$3,786$3,422$3,090$2,787$2,512$2,384
11 years$3,407$3,046$2,720$2,425$2,160$2,038
12 years$3,091$2,734$2,414$2,127$1,872$1,755
13 years$2,824$2,471$2,157$1,878$1,632$1,521
14 years$2,595$2,246$1,938$1,667$1,431$1,325
15 years$2,397$2,052$1,750$1,487$1,260$1,159
16 years$2,224$1,883$1,586$1,331$1,114$1,017
17 years$2,071$1,734$1,443$1,196$987$896
18 years$1,936$1,602$1,318$1,078$878$791
19 years$1,815$1,485$1,206$974$782$700
20 years$1,706$1,380$1,107$882$699$621
21 years$1,608$1,285$1,018$801$625$552
22 years$1,519$1,200$939$728$561$491
23 years$1,437$1,122$867$663$503$437
24 years$1,363$1,051$801$605$452$390
25 years$1,294$987$742$552$407$348
26 years$1,231$927$688$505$367$311
27 years$1,173$873$639$462$331$279
28 years$1,119$822$594$423$298$249
29 years$1,069$776$553$388$269$223
30 years$1,022$733$515$356$243$200
31 years$978$693$480$327$220$180
32 years$937$655$448$301$199$161
33 years$899$621$418$277$180$145
34 years$863$588$391$255$163$130
35 years$829$558$365$234$148$117
36 years$797$529$342$216$134$105
37 years$767$503$320$199$121$94
38 years$739$478$300$183$110$85
39 years$712$454$281$169$100$76
40 years$686$432$263$156$90$69
41 years$662$412$247$144$82$62
42 years$639$392$231$133$74$55
43 years$617$373$217$122$68$50
44 years$596$356$204$113$61$45
45 years$577$339$191$104$56$40
46 years$558$324$180$96$51$36
47 years$540$309$169$89$46$33
48 years$522$295$159$82$42$29
49 years$506$282$149$76$38$27
50 years$490$269$140$70$34$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $502,000, adding $5,784 every year, while hoping to spend $28,241 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: 54/31/15 Blend
64$502,000$502,000$502,000$502,000
65$559,170$532,564$524,783$586,841
66$586,157$528,612$512,315$602,394
67$614,951$523,519$498,483$615,799
68$645,705$517,200$483,211$629,751
69$678,588$509,565$466,421$644,310
70$713,787$500,517$448,029$659,541
71$751,505$489,953$427,949$675,518
72$791,965$477,767$406,092$692,327
73$835,411$463,844$382,362$710,061
74$882,114$448,063$356,661$728,825
75$932,366$430,295$328,886$748,737
76$986,493$410,405$298,930$769,929
77$1,044,851$388,250$266,679$792,549
78$1,107,829$363,678$232,017$816,762
79$1,175,858$336,528$194,820$842,753
80$1,249,410$306,632$154,960$870,728
81$1,329,002$273,810$112,304$900,915
82$1,415,206$237,872$66,712$933,573
83$1,508,648$198,619$18,037$968,984
84$1,610,017$155,838$0$1,007,469
85$1,720,072$109,308$0$1,054,807
86$1,839,646$58,791$0$1,109,400
87$1,969,657$4,038$0$1,168,822
88$2,111,113$0$0$1,233,587
89$2,265,126$0$0$1,323,101
90$2,432,916$0$0$1,422,167
91$2,615,828$0$0$1,530,208
92$2,815,342$0$0$1,648,102
93$3,033,086$0$0$1,776,819
94$3,270,853$0$0$1,917,424
95$3,530,618$0$0$2,071,091
96$3,814,551$0$0$2,239,112
97$4,125,046$0$0$2,422,910
98$4,464,735$0$0$2,624,050
99$4,836,520$0$0$2,844,257
100$5,243,592$0$0$3,085,431