Can I retire at age 65 with 512,000?

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 $512,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.7%
1 years$42,280$41,904$41,536$41,178$40,828$40,536
2 years$20,931$20,541$20,163$19,797$19,442$19,148
3 years$13,815$13,424$13,047$12,684$12,335$12,048
4 years$10,258$9,868$9,495$9,138$8,797$8,519
5 years$8,125$7,737$7,368$7,019$6,687$6,419
6 years$6,703$6,318$5,955$5,613$5,292$5,033
7 years$5,687$5,305$4,948$4,615$4,303$4,055
8 years$4,926$4,548$4,197$3,871$3,570$3,332
9 years$4,334$3,960$3,615$3,298$3,007$2,779
10 years$3,861$3,490$3,151$2,842$2,562$2,344
11 years$3,475$3,107$2,774$2,474$2,203$1,995
12 years$3,152$2,789$2,462$2,170$1,909$1,711
13 years$2,880$2,520$2,200$1,916$1,665$1,476
14 years$2,647$2,291$1,977$1,701$1,459$1,279
15 years$2,445$2,093$1,785$1,517$1,285$1,114
16 years$2,268$1,920$1,618$1,358$1,136$973
17 years$2,113$1,768$1,472$1,220$1,007$853
18 years$1,975$1,634$1,344$1,100$895$750
19 years$1,851$1,514$1,230$994$798$660
20 years$1,740$1,407$1,129$900$713$582
21 years$1,640$1,311$1,039$817$638$515
22 years$1,549$1,224$957$743$572$456
23 years$1,466$1,144$884$676$513$404
24 years$1,390$1,072$817$617$461$358
25 years$1,320$1,006$757$563$415$318
26 years$1,256$946$702$515$374$283
27 years$1,196$890$652$471$337$252
28 years$1,141$839$606$432$304$224
29 years$1,090$791$564$396$275$200
30 years$1,042$747$525$363$248$178
31 years$998$706$490$334$224$159
32 years$956$668$457$307$203$142
33 years$917$633$427$282$184$126
34 years$880$600$399$260$166$113
35 years$846$569$373$239$151$101
36 years$813$540$349$220$136$90
37 years$782$513$326$203$124$80
38 years$753$487$306$187$112$72
39 years$726$463$286$172$102$64
40 years$700$441$268$159$92$57
41 years$675$420$252$147$84$51
42 years$652$400$236$135$76$46
43 years$630$381$222$125$69$41
44 years$608$363$208$115$63$37
45 years$588$346$195$107$57$33
46 years$569$330$183$98$52$29
47 years$550$315$172$91$47$26
48 years$533$301$162$84$43$24
49 years$516$287$152$78$39$21
50 years$500$274$143$72$35$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $512,000, adding $4,668 every year, while hoping to spend $48,681 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: 52/42/6 Blend
64$512,000$512,000$512,000$512,000
65$569,039$541,903$533,967$597,581
66$575,285$516,660$500,059$592,217
67$580,536$488,549$463,383$580,690
68$584,640$457,377$423,795$566,981
69$587,427$422,941$381,146$550,893
70$588,707$385,028$335,277$532,213
71$588,270$343,410$286,024$510,713
72$585,884$297,847$233,216$486,141
73$581,289$248,087$176,674$458,227
74$574,198$193,861$116,210$426,677
75$564,293$134,887$51,630$391,171
76$551,221$70,866$0$351,365
77$534,591$1,484$0$307,988
78$513,969$0$0$263,124
79$488,877$0$0$247,049
80$458,783$0$0$228,762
81$423,101$0$0$207,239
82$381,182$0$0$182,108
83$332,307$0$0$152,957
84$275,682$0$0$119,328
85$210,430$0$0$80,719
86$135,582$0$0$36,572
87$50,065$0$0$0
88$0$0$0$0
89$0$0$0$0
90$0$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