Can I retire at age 65 with 503,000?

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 $503,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14%
1 years$41,537$41,167$40,806$40,454$40,110$39,445
2 years$20,563$20,180$19,809$19,449$19,100$18,432
3 years$13,572$13,188$12,818$12,461$12,118$11,468
4 years$10,078$9,694$9,328$8,978$8,643$8,016
5 years$7,982$7,601$7,239$6,896$6,570$5,967
6 years$6,585$6,206$5,850$5,514$5,199$4,621
7 years$5,587$5,212$4,861$4,534$4,228$3,676
8 years$4,839$4,468$4,123$3,803$3,507$2,981
9 years$4,258$3,890$3,551$3,240$2,954$2,452
10 years$3,793$3,429$3,096$2,793$2,517$2,040
11 years$3,413$3,053$2,726$2,430$2,164$1,712
12 years$3,097$2,740$2,419$2,132$1,876$1,446
13 years$2,829$2,476$2,161$1,882$1,636$1,229
14 years$2,600$2,251$1,942$1,671$1,434$1,050
15 years$2,402$2,056$1,753$1,490$1,262$900
16 years$2,228$1,886$1,589$1,334$1,116$774
17 years$2,076$1,737$1,446$1,199$989$667
18 years$1,940$1,605$1,320$1,080$880$577
19 years$1,819$1,488$1,209$976$784$500
20 years$1,710$1,382$1,109$884$700$433
21 years$1,611$1,288$1,020$802$627$377
22 years$1,522$1,202$940$729$562$328
23 years$1,440$1,124$868$664$504$285
24 years$1,365$1,053$803$606$453$249
25 years$1,297$989$744$553$408$217
26 years$1,234$929$690$506$367$189
27 years$1,175$874$641$463$331$165
28 years$1,121$824$595$424$299$145
29 years$1,071$777$554$389$270$126
30 years$1,024$734$516$357$244$111
31 years$980$694$481$328$220$97
32 years$939$657$449$301$199$85
33 years$901$622$419$277$180$74
34 years$865$589$392$255$163$65
35 years$831$559$366$235$148$57
36 years$799$531$343$216$134$50
37 years$769$504$321$199$122$44
38 years$740$479$300$184$110$38
39 years$713$455$281$169$100$34
40 years$688$433$264$156$91$29
41 years$663$412$247$144$82$26
42 years$640$393$232$133$75$23
43 years$618$374$218$123$68$20
44 years$598$357$204$113$61$17
45 years$578$340$192$105$56$15
46 years$559$324$180$97$51$13
47 years$541$310$169$89$46$12
48 years$523$296$159$83$42$10
49 years$507$282$149$76$38$9
50 years$491$270$141$71$34$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $503,000, adding $5,233 every year, while hoping to spend $44,841 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: 53/24/23 Blend
64$503,000$503,000$503,000$503,000
65$559,704$533,045$525,248$585,557
66$569,083$511,454$495,134$582,346
67$577,916$487,301$462,507$573,780
68$586,100$460,416$427,238$563,521
69$593,520$430,613$389,188$551,424
70$600,047$397,701$348,213$537,332
71$605,538$361,475$304,165$521,073
72$609,835$321,719$256,886$502,464
73$612,759$278,205$206,213$481,305
74$614,114$230,691$151,975$457,379
75$613,682$178,923$93,994$430,453
76$611,219$122,631$32,084$400,272
77$606,455$61,532$0$366,562
78$599,091$0$0$337,363
79$588,796$0$0$314,193
80$575,202$0$0$305,318
81$557,900$0$0$294,248
82$536,441$0$0$280,719
83$510,325$0$0$264,439
84$478,999$0$0$245,083
85$441,850$0$0$222,294
86$398,204$0$0$195,675
87$347,311$0$0$164,788
88$288,344$0$0$129,149
89$220,389$0$0$88,222
90$142,436$0$0$41,417
91$53,369$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0