Can I retire at age 65 with 515,000?

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 $515,000?

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$42,528$42,149$41,780$41,419$41,067$40,774
2 years$21,054$20,661$20,281$19,913$19,556$19,260
3 years$13,896$13,502$13,123$12,758$12,407$12,118
4 years$10,318$9,926$9,551$9,192$8,849$8,569
5 years$8,172$7,782$7,412$7,060$6,727$6,457
6 years$6,742$6,355$5,990$5,646$5,323$5,063
7 years$5,721$5,337$4,977$4,642$4,329$4,079
8 years$4,955$4,574$4,221$3,894$3,591$3,352
9 years$4,360$3,983$3,636$3,317$3,024$2,795
10 years$3,884$3,511$3,170$2,859$2,577$2,357
11 years$3,495$3,125$2,791$2,488$2,216$2,007
12 years$3,171$2,805$2,477$2,183$1,920$1,721
13 years$2,897$2,535$2,213$1,927$1,675$1,484
14 years$2,662$2,304$1,988$1,710$1,468$1,287
15 years$2,459$2,105$1,795$1,525$1,293$1,120
16 years$2,282$1,931$1,627$1,366$1,142$979
17 years$2,125$1,779$1,481$1,227$1,013$858
18 years$1,986$1,644$1,352$1,106$901$754
19 years$1,862$1,523$1,238$999$803$664
20 years$1,750$1,415$1,136$905$717$586
21 years$1,649$1,318$1,045$821$642$518
22 years$1,558$1,231$963$747$575$458
23 years$1,474$1,151$889$680$516$406
24 years$1,398$1,078$822$620$464$361
25 years$1,328$1,012$762$567$418$320
26 years$1,263$951$706$518$376$285
27 years$1,203$895$656$474$339$253
28 years$1,148$844$610$434$306$225
29 years$1,096$796$567$398$276$201
30 years$1,048$752$528$366$250$179
31 years$1,004$710$493$336$226$160
32 years$962$672$460$309$204$142
33 years$922$637$429$284$185$127
34 years$885$603$401$261$167$113
35 years$851$572$375$240$152$101
36 years$818$543$351$221$137$91
37 years$787$516$328$204$124$81
38 years$758$490$307$188$113$72
39 years$730$466$288$173$102$65
40 years$704$444$270$160$93$58
41 years$679$422$253$148$84$52
42 years$656$402$237$136$76$46
43 years$633$383$223$126$69$41
44 years$612$365$209$116$63$37
45 years$592$348$196$107$57$33
46 years$572$332$184$99$52$30
47 years$554$317$173$91$47$26
48 years$536$303$163$85$43$24
49 years$519$289$153$78$39$21
50 years$503$276$144$72$35$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $515,000, adding $3,391 every year, while hoping to spend $35,858 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: 56/18/26 Blend
64$515,000$515,000$515,000$515,000
65$571,028$543,733$535,750$598,761
66$591,120$532,223$515,545$606,667
67$612,060$518,948$493,462$611,238
68$633,896$503,782$469,399$615,476
69$656,680$486,594$443,251$619,361
70$680,470$467,246$414,908$622,871
71$705,326$445,588$384,255$625,985
72$731,313$421,466$351,171$628,683
73$758,504$394,715$315,532$630,943
74$786,974$365,159$277,206$632,745
75$816,809$332,615$236,056$634,069
76$848,098$296,888$191,938$634,896
77$880,939$257,771$144,704$635,207
78$915,440$215,047$94,196$634,986
79$951,717$168,486$40,253$634,216
80$989,895$117,845$0$632,885
81$1,030,112$62,867$0$635,784
82$1,072,517$3,281$0$650,330
83$1,117,274$0$0$665,393
84$1,164,560$0$0$693,144
85$1,214,568$0$0$723,201
86$1,267,511$0$0$755,044
87$1,323,620$0$0$788,814
88$1,383,146$0$0$824,666
89$1,446,367$0$0$862,771
90$1,513,583$0$0$903,312
91$1,585,126$0$0$946,494
92$1,661,356$0$0$992,538
93$1,742,670$0$0$1,041,688
94$1,829,502$0$0$1,094,211
95$1,922,326$0$0$1,150,398
96$2,021,665$0$0$1,210,570
97$2,128,088$0$0$1,275,080
98$2,242,224$0$0$1,344,312
99$2,364,759$0$0$1,418,689
100$2,496,448$0$0$1,498,676