Can I retire at age 65 with 514,000?

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 $514,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.8%
1 years$42,446$42,068$41,699$41,339$40,987$40,678
2 years$21,013$20,621$20,242$19,874$19,518$19,206
3 years$13,869$13,476$13,098$12,734$12,383$12,078
4 years$10,298$9,906$9,532$9,174$8,832$8,536
5 years$8,156$7,767$7,397$7,046$6,714$6,429
6 years$6,729$6,342$5,978$5,635$5,312$5,038
7 years$5,709$5,326$4,968$4,633$4,320$4,057
8 years$4,945$4,566$4,213$3,886$3,584$3,331
9 years$4,351$3,975$3,629$3,310$3,018$2,776
10 years$3,876$3,504$3,164$2,854$2,572$2,340
11 years$3,488$3,119$2,785$2,483$2,212$1,991
12 years$3,165$2,800$2,472$2,178$1,917$1,706
13 years$2,891$2,530$2,208$1,923$1,671$1,471
14 years$2,657$2,300$1,984$1,707$1,465$1,274
15 years$2,454$2,101$1,791$1,522$1,290$1,109
16 years$2,277$1,928$1,624$1,363$1,140$968
17 years$2,121$1,775$1,478$1,225$1,011$848
18 years$1,982$1,640$1,349$1,104$899$745
19 years$1,858$1,520$1,235$997$801$655
20 years$1,747$1,413$1,134$903$716$578
21 years$1,646$1,316$1,043$820$640$510
22 years$1,555$1,228$961$745$574$451
23 years$1,472$1,149$887$679$515$400
24 years$1,395$1,076$821$619$463$354
25 years$1,325$1,010$760$565$417$315
26 years$1,261$949$705$517$375$279
27 years$1,201$893$655$473$338$248
28 years$1,146$842$608$434$305$221
29 years$1,094$794$566$398$276$197
30 years$1,046$750$527$365$249$175
31 years$1,002$709$492$335$225$156
32 years$960$671$459$308$204$139
33 years$920$635$428$283$184$124
34 years$884$602$400$261$167$111
35 years$849$571$374$240$151$99
36 years$816$542$350$221$137$88
37 years$786$515$328$204$124$79
38 years$756$489$307$188$113$70
39 years$729$465$287$173$102$63
40 years$703$443$269$160$93$56
41 years$678$421$253$147$84$50
42 years$654$401$237$136$76$45
43 years$632$382$222$125$69$40
44 years$611$364$209$116$63$36
45 years$590$348$196$107$57$32
46 years$571$332$184$99$52$29
47 years$553$316$173$91$47$26
48 years$535$302$163$84$43$23
49 years$518$288$153$78$39$20
50 years$502$276$144$72$35$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $514,000, adding $3,605 every year, while hoping to spend $23,545 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: 69/18/13 Blend
64$514,000$514,000$514,000$514,000
65$570,147$542,905$534,938$607,600
66$603,250$544,455$527,806$634,510
67$638,940$545,293$519,647$660,776
68$677,458$545,357$510,400$688,902
69$719,064$544,585$500,004$719,066
70$764,048$542,909$488,394$751,467
71$812,727$540,258$475,501$786,323
72$865,450$536,555$461,255$823,876
73$922,600$531,721$445,581$864,393
74$984,598$525,669$428,402$908,166
75$1,051,910$518,309$409,636$955,522
76$1,125,044$509,545$389,198$1,006,818
77$1,204,561$499,276$366,999$1,062,450
78$1,291,079$487,393$342,946$1,122,854
79$1,385,277$473,784$316,943$1,188,513
80$1,487,903$458,326$288,888$1,259,958
81$1,599,778$440,893$258,674$1,337,776
82$1,721,808$421,349$226,192$1,422,615
83$1,854,988$399,552$191,326$1,515,191
84$2,000,416$375,349$153,955$1,616,293
85$2,159,299$348,581$113,952$1,726,790
86$2,332,965$319,079$71,187$1,847,645
87$2,522,878$286,664$25,522$1,979,918
88$2,730,648$251,147$0$2,124,778
89$2,958,049$212,329$0$2,286,737
90$3,207,036$169,998$0$2,467,986
91$3,479,757$123,932$0$2,666,575
92$3,778,583$73,895$0$2,884,261
93$4,106,121$19,639$0$3,122,980
94$4,465,245$0$0$3,384,868
95$4,859,119$0$0$3,680,021
96$5,291,229$0$0$4,008,124
97$5,765,413$0$0$4,368,205
98$6,285,900$0$0$4,763,478
99$6,857,347$0$0$5,197,485
100$7,484,886$0$0$5,674,127