Can I retire at age 65 with 504,000?

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 $504,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.2%
1 years$41,620$41,249$40,887$40,534$40,190$39,820
2 years$20,604$20,220$19,848$19,488$19,138$18,765
3 years$13,599$13,214$12,843$12,486$12,142$11,778
4 years$10,098$9,714$9,347$8,995$8,660$8,307
5 years$7,998$7,616$7,253$6,909$6,583$6,243
6 years$6,598$6,219$5,862$5,525$5,209$4,882
7 years$5,598$5,223$4,871$4,543$4,236$3,923
8 years$4,849$4,477$4,131$3,811$3,514$3,214
9 years$4,267$3,898$3,558$3,246$2,960$2,672
10 years$3,801$3,436$3,102$2,798$2,522$2,247
11 years$3,420$3,059$2,731$2,435$2,169$1,907
12 years$3,103$2,745$2,424$2,136$1,879$1,630
13 years$2,835$2,481$2,165$1,886$1,639$1,402
14 years$2,605$2,255$1,946$1,674$1,437$1,211
15 years$2,407$2,060$1,757$1,493$1,265$1,051
16 years$2,233$1,890$1,593$1,337$1,118$915
17 years$2,080$1,741$1,449$1,201$991$799
18 years$1,944$1,608$1,323$1,082$881$700
19 years$1,822$1,491$1,211$978$786$614
20 years$1,713$1,385$1,112$886$702$540
21 years$1,614$1,290$1,022$804$628$476
22 years$1,525$1,204$942$731$563$419
23 years$1,443$1,126$870$666$505$370
24 years$1,368$1,055$805$607$454$327
25 years$1,299$990$745$554$409$290
26 years$1,236$931$691$507$368$256
27 years$1,178$876$642$464$332$227
28 years$1,123$826$597$425$299$202
29 years$1,073$779$555$390$270$179
30 years$1,026$735$517$358$244$159
31 years$982$695$482$329$221$141
32 years$941$658$450$302$200$125
33 years$903$623$420$278$181$111
34 years$866$590$392$256$164$99
35 years$832$560$367$235$148$88
36 years$800$532$343$217$134$78
37 years$770$505$321$200$122$70
38 years$742$480$301$184$110$62
39 years$715$456$282$170$100$55
40 years$689$434$264$156$91$49
41 years$665$413$248$144$82$44
42 years$642$394$232$133$75$39
43 years$620$375$218$123$68$35
44 years$599$357$205$114$62$31
45 years$579$341$192$105$56$27
46 years$560$325$181$97$51$24
47 years$542$310$170$89$46$22
48 years$524$296$159$83$42$19
49 years$508$283$150$76$38$17
50 years$492$270$141$71$35$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $504,000, adding $4,126 every year, while hoping to spend $45,570 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: 31/43/26 Blend
64$504,000$504,000$504,000$504,000
65$559,664$532,952$525,140$572,440
66$568,264$510,580$494,246$560,224
67$576,213$485,585$460,790$542,769
68$583,398$457,790$424,637$523,068
69$589,691$427,008$385,649$500,956
70$594,949$393,041$343,678$476,256
71$599,014$355,681$298,572$448,778
72$601,711$314,707$250,171$418,321
73$602,843$269,885$198,310$384,667
74$602,193$220,970$142,813$347,585
75$599,520$167,700$83,500$306,825
76$594,554$109,800$20,181$262,122
77$587,000$46,981$0$213,189
78$576,526$0$0$172,868
79$562,768$0$0$144,479
80$545,322$0$0$137,014
81$523,737$0$0$128,088
82$497,520$0$0$117,530
83$466,119$0$0$105,151
84$428,928$0$0$90,743
85$385,275$0$0$74,072
86$334,415$0$0$54,885
87$275,528$0$0$32,898
88$207,705$0$0$7,800
89$129,942$0$0$0
90$41,131$0$0$0
91$0$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