Can I retire at age 65 with 513,000?

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 $513,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13%
1 years$42,363$41,986$41,618$41,258$40,907$40,396
2 years$20,972$20,581$20,203$19,836$19,480$18,965
3 years$13,842$13,450$13,072$12,709$12,359$11,857
4 years$10,278$9,887$9,513$9,156$8,814$8,329
5 years$8,140$7,752$7,383$7,033$6,701$6,234
6 years$6,716$6,330$5,966$5,624$5,302$4,854
7 years$5,698$5,316$4,958$4,624$4,312$3,883
8 years$4,936$4,557$4,205$3,879$3,577$3,167
9 years$4,343$3,967$3,622$3,304$3,012$2,620
10 years$3,869$3,497$3,157$2,848$2,567$2,193
11 years$3,481$3,113$2,780$2,479$2,207$1,852
12 years$3,159$2,794$2,467$2,174$1,913$1,575
13 years$2,886$2,525$2,204$1,919$1,668$1,347
14 years$2,652$2,295$1,980$1,704$1,462$1,158
15 years$2,450$2,097$1,788$1,520$1,288$999
16 years$2,273$1,924$1,621$1,361$1,138$866
17 years$2,117$1,772$1,475$1,222$1,009$752
18 years$1,978$1,637$1,347$1,102$897$654
19 years$1,855$1,517$1,233$995$800$571
20 years$1,744$1,410$1,131$902$714$499
21 years$1,643$1,313$1,041$818$639$437
22 years$1,552$1,226$959$744$573$383
23 years$1,469$1,147$886$678$514$336
24 years$1,393$1,074$819$618$462$295
25 years$1,323$1,008$759$564$416$260
26 years$1,258$948$704$516$375$228
27 years$1,199$892$653$472$338$201
28 years$1,143$840$607$433$305$177
29 years$1,092$793$565$397$275$156
30 years$1,044$749$526$364$249$138
31 years$1,000$708$491$334$225$122
32 years$958$670$458$307$203$107
33 years$919$634$428$283$184$95
34 years$882$601$399$260$167$84
35 years$847$570$373$239$151$74
36 years$815$541$349$221$137$65
37 years$784$514$327$203$124$58
38 years$755$488$306$187$112$51
39 years$727$464$287$173$102$45
40 years$701$442$269$159$92$40
41 years$677$421$252$147$84$35
42 years$653$401$237$136$76$31
43 years$631$382$222$125$69$28
44 years$610$364$208$116$63$24
45 years$589$347$196$107$57$22
46 years$570$331$184$99$52$19
47 years$551$316$173$91$47$17
48 years$534$301$162$84$43$15
49 years$517$288$152$78$39$13
50 years$501$275$143$72$35$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $513,000, adding $4,966 every year, while hoping to spend $27,063 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: 37/36/27 Blend
64$513,000$513,000$513,000$513,000
65$570,448$543,259$535,308$586,796
66$599,839$541,084$524,446$597,113
67$631,321$537,896$512,313$605,418
68$665,078$533,615$498,838$613,866
69$701,314$528,160$483,947$622,487
70$740,250$521,441$467,561$631,317
71$782,130$513,367$449,599$640,399
72$827,224$503,838$429,977$649,779
73$875,824$492,750$408,604$659,514
74$928,254$479,991$385,389$669,669
75$984,870$465,444$360,233$680,315
76$1,046,062$448,986$333,036$691,538
77$1,112,258$430,484$303,691$703,433
78$1,183,931$409,800$272,087$716,109
79$1,261,598$386,787$238,108$729,689
80$1,345,830$361,288$201,633$744,314
81$1,437,253$333,140$162,537$760,141
82$1,536,557$302,168$120,686$777,350
83$1,644,500$268,188$75,943$796,142
84$1,761,917$231,007$28,165$816,743
85$1,889,725$190,419$0$839,409
86$2,028,935$146,207$0$871,000
87$2,180,657$98,142$0$914,350
88$2,346,115$45,982$0$961,743
89$2,526,655$0$0$1,013,631
90$2,723,760$0$0$1,074,686
91$2,939,060$0$0$1,161,342
92$3,174,350$0$0$1,256,113
93$3,431,609$0$0$1,359,804
94$3,713,013$0$0$1,473,303
95$4,020,959$0$0$1,597,584
96$4,358,085$0$0$1,733,724
97$4,727,298$0$0$1,882,905
98$5,131,799$0$0$2,046,431
99$5,575,112$0$0$2,225,738
100$6,061,118$0$0$2,422,407