Can I retire at age 65 with 511,000?

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 $511,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.7%
1 years$42,198$41,822$41,455$41,097$40,748$39,475
2 years$20,890$20,501$20,124$19,758$19,404$18,133
3 years$13,788$13,398$13,022$12,659$12,311$11,081
4 years$10,238$9,849$9,476$9,120$8,780$7,602
5 years$8,109$7,721$7,354$7,005$6,674$5,550
6 years$6,689$6,305$5,943$5,602$5,281$4,213
7 years$5,676$5,295$4,939$4,606$4,295$3,282
8 years$4,916$4,539$4,188$3,864$3,563$2,604
9 years$4,326$3,952$3,608$3,291$3,001$2,095
10 years$3,854$3,483$3,145$2,837$2,557$1,703
11 years$3,468$3,101$2,769$2,469$2,199$1,396
12 years$3,146$2,783$2,457$2,166$1,906$1,151
13 years$2,874$2,515$2,195$1,912$1,662$955
14 years$2,642$2,286$1,973$1,697$1,457$795
15 years$2,440$2,089$1,781$1,514$1,282$664
16 years$2,264$1,916$1,615$1,355$1,133$556
17 years$2,109$1,765$1,469$1,218$1,005$467
18 years$1,971$1,631$1,341$1,097$894$393
19 years$1,847$1,511$1,228$992$796$331
20 years$1,737$1,404$1,127$898$711$279
21 years$1,637$1,308$1,037$815$637$236
22 years$1,546$1,221$955$741$571$199
23 years$1,463$1,142$882$675$512$169
24 years$1,387$1,070$816$616$460$143
25 years$1,317$1,004$756$562$414$121
26 years$1,253$944$701$514$373$102
27 years$1,194$888$651$470$336$87
28 years$1,139$837$605$431$304$74
29 years$1,088$790$563$395$274$62
30 years$1,040$746$524$363$248$53
31 years$996$705$489$333$224$45
32 years$954$667$456$306$203$38
33 years$915$632$426$282$183$32
34 years$879$599$398$259$166$28
35 years$844$568$372$238$150$23
36 years$812$539$348$220$136$20
37 years$781$512$326$202$123$17
38 years$752$486$305$187$112$14
39 years$725$463$286$172$102$12
40 years$699$440$268$159$92$10
41 years$674$419$251$146$84$9
42 years$651$399$236$135$76$7
43 years$628$380$221$125$69$6
44 years$607$362$208$115$62$5
45 years$587$346$195$106$57$5
46 years$568$330$183$98$51$4
47 years$549$315$172$91$47$3
48 years$532$300$162$84$42$3
49 years$515$287$152$77$39$2
50 years$499$274$143$72$35$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $511,000, adding $6,528 every year, while hoping to spend $37,723 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: 53/25/22 Blend
64$511,000$511,000$511,000$511,000
65$569,856$542,773$534,852$596,285
66$587,844$529,232$512,633$601,642
67$606,403$513,763$488,405$603,009
68$625,550$496,231$462,061$603,701
69$645,306$476,496$433,489$603,667
70$665,689$454,406$402,573$602,851
71$686,719$429,803$369,189$601,197
72$708,419$402,517$333,211$598,644
73$730,809$372,371$294,505$595,127
74$753,912$339,178$252,931$590,578
75$777,750$302,738$208,344$584,927
76$802,350$262,840$160,592$578,097
77$827,734$219,264$109,517$570,009
78$853,929$171,774$54,952$560,578
79$880,961$120,123$0$549,717
80$908,859$64,048$0$538,102
81$937,650$3,275$0$538,680
82$967,365$0$0$538,479
83$998,035$0$0$554,627
84$1,029,690$0$0$572,225
85$1,062,365$0$0$590,390
86$1,096,094$0$0$609,142
87$1,130,911$0$0$628,500
88$1,166,856$0$0$648,485
89$1,203,965$0$0$669,118
90$1,242,279$0$0$690,423
91$1,281,840$0$0$712,422
92$1,322,691$0$0$735,139
93$1,364,877$0$0$758,600
94$1,408,445$0$0$782,832
95$1,453,443$0$0$807,860
96$1,499,924$0$0$833,715
97$1,547,940$0$0$860,426
98$1,597,547$0$0$888,024
99$1,648,803$0$0$916,542
100$1,701,769$0$0$946,014