Can I retire at age 65 with 507,000?

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 $507,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$41,868$41,495$41,131$40,776$40,429$40,208
2 years$20,727$20,341$19,966$19,604$19,252$19,029
3 years$13,680$13,293$12,920$12,560$12,214$11,996
4 years$10,158$9,772$9,402$9,049$8,711$8,500
5 years$8,045$7,661$7,296$6,950$6,622$6,418
6 years$6,637$6,256$5,897$5,558$5,240$5,043
7 years$5,632$5,254$4,900$4,570$4,261$4,072
8 years$4,878$4,503$4,156$3,834$3,535$3,354
9 years$4,292$3,921$3,579$3,265$2,977$2,803
10 years$3,824$3,456$3,121$2,815$2,537$2,370
11 years$3,441$3,077$2,747$2,450$2,182$2,022
12 years$3,122$2,762$2,438$2,149$1,891$1,738
13 years$2,852$2,496$2,178$1,897$1,649$1,503
14 years$2,621$2,268$1,957$1,684$1,445$1,307
15 years$2,421$2,072$1,767$1,502$1,272$1,141
16 years$2,246$1,901$1,602$1,345$1,125$1,000
17 years$2,092$1,751$1,458$1,208$997$878
18 years$1,955$1,618$1,331$1,089$887$774
19 years$1,833$1,500$1,218$984$790$684
20 years$1,723$1,393$1,118$891$706$605
21 years$1,624$1,298$1,028$809$632$536
22 years$1,534$1,212$948$735$566$476
23 years$1,451$1,133$875$670$508$423
24 years$1,376$1,062$809$611$457$377
25 years$1,307$996$750$558$411$336
26 years$1,243$936$695$510$370$299
27 years$1,185$881$646$467$334$267
28 years$1,130$830$600$428$301$239
29 years$1,079$783$559$392$272$213
30 years$1,032$740$520$360$246$191
31 years$988$699$485$331$222$171
32 years$947$662$453$304$201$153
33 years$908$627$423$279$182$137
34 years$872$594$395$257$165$122
35 years$837$563$369$237$149$110
36 years$805$535$345$218$135$98
37 years$775$508$323$201$122$88
38 years$746$483$303$185$111$79
39 years$719$459$284$171$101$71
40 years$693$437$266$157$91$64
41 years$669$416$249$145$83$57
42 years$645$396$234$134$75$51
43 years$623$377$219$124$68$46
44 years$602$360$206$114$62$41
45 years$582$343$193$105$56$37
46 years$563$327$182$97$51$33
47 years$545$312$171$90$46$30
48 years$528$298$160$83$42$27
49 years$511$285$151$77$38$24
50 years$495$272$142$71$35$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $507,000, adding $2,323 every year, while hoping to spend $26,772 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: 52/34/14 Blend
64$507,000$507,000$507,000$507,000
65$561,110$534,239$526,381$588,064
66$589,858$531,932$515,529$604,442
67$620,641$528,614$503,417$619,213
68$653,639$524,208$489,973$634,674
69$689,047$518,631$475,125$650,898
70$727,082$511,797$458,794$667,966
71$767,981$503,612$440,900$685,970
72$812,004$493,977$421,359$705,012
73$859,437$482,790$400,083$725,205
74$910,593$469,940$376,979$746,676
75$965,817$455,311$351,951$769,568
76$1,025,487$438,778$324,899$794,039
77$1,090,020$420,212$295,716$820,266
78$1,159,874$399,474$264,294$848,445
79$1,235,550$376,417$230,518$878,798
80$1,317,603$350,889$194,267$911,567
81$1,406,640$322,724$155,416$947,025
82$1,503,331$291,750$113,835$985,475
83$1,608,409$257,785$69,388$1,027,254
84$1,722,686$220,635$21,931$1,072,736
85$1,847,050$180,097$0$1,122,337
86$1,982,483$135,955$0$1,180,808
87$2,130,061$87,981$0$1,248,149
88$2,290,971$35,936$0$1,321,673
89$2,466,518$0$0$1,402,039
90$2,658,140$0$0$1,497,619
91$2,867,419$0$0$1,616,738
92$3,096,096$0$0$1,746,947
93$3,346,088$0$0$1,889,345
94$3,619,507$0$0$2,045,139
95$3,918,676$0$0$2,215,662
96$4,246,154$0$0$2,402,379
97$4,604,761$0$0$2,606,903
98$4,997,598$0$0$2,831,012
99$5,428,084$0$0$3,076,664
100$5,899,982$0$0$3,346,015