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%17.3%
1 years$42,528$42,149$41,780$41,419$41,067$39,848
2 years$21,054$20,661$20,281$19,913$19,556$18,338
3 years$13,896$13,502$13,123$12,758$12,407$11,228
4 years$10,318$9,926$9,551$9,192$8,849$7,718
5 years$8,172$7,782$7,412$7,060$6,727$5,647
6 years$6,742$6,355$5,990$5,646$5,323$4,295
7 years$5,721$5,337$4,977$4,642$4,329$3,354
8 years$4,955$4,574$4,221$3,894$3,591$2,668
9 years$4,360$3,983$3,636$3,317$3,024$2,151
10 years$3,884$3,511$3,170$2,859$2,577$1,753
11 years$3,495$3,125$2,791$2,488$2,216$1,441
12 years$3,171$2,805$2,477$2,183$1,920$1,192
13 years$2,897$2,535$2,213$1,927$1,675$991
14 years$2,662$2,304$1,988$1,710$1,468$827
15 years$2,459$2,105$1,795$1,525$1,293$693
16 years$2,282$1,931$1,627$1,366$1,142$582
17 years$2,125$1,779$1,481$1,227$1,013$490
18 years$1,986$1,644$1,352$1,106$901$413
19 years$1,862$1,523$1,238$999$803$349
20 years$1,750$1,415$1,136$905$717$296
21 years$1,649$1,318$1,045$821$642$250
22 years$1,558$1,231$963$747$575$212
23 years$1,474$1,151$889$680$516$180
24 years$1,398$1,078$822$620$464$153
25 years$1,328$1,012$762$567$418$130
26 years$1,263$951$706$518$376$111
27 years$1,203$895$656$474$339$94
28 years$1,148$844$610$434$306$80
29 years$1,096$796$567$398$276$68
30 years$1,048$752$528$366$250$58
31 years$1,004$710$493$336$226$49
32 years$962$672$460$309$204$42
33 years$922$637$429$284$185$36
34 years$885$603$401$261$167$30
35 years$851$572$375$240$152$26
36 years$818$543$351$221$137$22
37 years$787$516$328$204$124$19
38 years$758$490$307$188$113$16
39 years$730$466$288$173$102$14
40 years$704$444$270$160$93$12
41 years$679$422$253$148$84$10
42 years$656$402$237$136$76$8
43 years$633$383$223$126$69$7
44 years$612$365$209$116$63$6
45 years$592$348$196$107$57$5
46 years$572$332$184$99$52$4
47 years$554$317$173$91$47$4
48 years$536$303$163$85$43$3
49 years$519$289$153$78$39$3
50 years$503$276$144$72$35$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $515,000, adding $2,802 every year, while hoping to spend $30,121 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: 86/6/8 Blend
64$515,000$515,000$515,000$515,000
65$570,420$543,125$535,143$618,759
66$596,555$537,690$521,022$645,278
67$624,345$530,979$505,418$669,998
68$653,929$522,897$488,250$696,204
69$685,456$513,346$469,433$724,026
70$719,091$502,218$448,877$753,607
71$755,014$489,403$426,490$785,101
72$793,423$474,780$402,175$818,680
73$834,532$458,225$375,828$854,534
74$878,581$439,605$347,345$892,870
75$925,829$418,778$316,614$933,917
76$976,562$395,596$283,518$977,927
77$1,031,093$369,902$247,938$1,025,176
78$1,089,766$341,529$209,745$1,075,971
79$1,152,959$310,300$168,808$1,130,646
80$1,221,087$276,031$124,990$1,189,574
81$1,294,605$238,524$78,144$1,253,160
82$1,374,015$197,572$28,122$1,321,855
83$1,459,866$152,955$0$1,396,153
84$1,552,764$104,441$0$1,478,756
85$1,653,373$51,786$0$1,570,810
86$1,762,424$0$0$1,670,588
87$1,880,722$0$0$1,779,184
88$2,009,149$0$0$1,900,796
89$2,148,679$0$0$2,032,927
90$2,300,381$0$0$2,176,590
91$2,465,431$0$0$2,332,900
92$2,645,124$0$0$2,503,085
93$2,840,885$0$0$2,688,493
94$3,054,281$0$0$2,890,611
95$3,287,038$0$0$3,111,073
96$3,541,055$0$0$3,351,680
97$3,818,421$0$0$3,614,412
98$4,121,438$0$0$3,901,449
99$4,452,640$0$0$4,215,193
100$4,814,815$0$0$4,558,287