Can I retire at age 65 with 517,000?

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 $517,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.4%
1 years$42,693$42,313$41,942$41,580$41,226$39,987
2 years$21,135$20,742$20,360$19,990$19,632$18,393
3 years$13,950$13,555$13,174$12,808$12,455$11,257
4 years$10,358$9,964$9,588$9,227$8,883$7,734
5 years$8,204$7,812$7,440$7,088$6,753$5,656
6 years$6,768$6,379$6,013$5,668$5,343$4,300
7 years$5,743$5,357$4,997$4,660$4,345$3,355
8 years$4,974$4,592$4,238$3,909$3,605$2,667
9 years$4,377$3,998$3,650$3,330$3,036$2,150
10 years$3,899$3,524$3,182$2,870$2,587$1,751
11 years$3,508$3,137$2,801$2,498$2,225$1,438
12 years$3,183$2,816$2,486$2,191$1,928$1,188
13 years$2,908$2,545$2,221$1,934$1,681$987
14 years$2,673$2,313$1,996$1,717$1,474$824
15 years$2,469$2,113$1,802$1,531$1,298$689
16 years$2,291$1,939$1,634$1,371$1,147$579
17 years$2,133$1,786$1,487$1,232$1,017$487
18 years$1,994$1,650$1,357$1,110$904$411
19 years$1,869$1,529$1,242$1,003$806$347
20 years$1,757$1,421$1,140$909$720$293
21 years$1,656$1,324$1,049$825$644$248
22 years$1,564$1,235$967$750$577$210
23 years$1,480$1,156$892$683$518$178
24 years$1,403$1,083$825$623$466$151
25 years$1,333$1,016$764$569$419$128
26 years$1,268$955$709$520$378$109
27 years$1,208$899$658$476$340$93
28 years$1,152$847$612$436$307$79
29 years$1,101$799$570$400$277$67
30 years$1,052$754$531$367$251$57
31 years$1,007$713$495$337$227$49
32 years$965$675$461$310$205$41
33 years$926$639$431$285$185$35
34 years$889$606$403$262$168$30
35 years$854$574$376$241$152$25
36 years$821$545$352$222$138$22
37 years$790$518$330$205$125$18
38 years$761$492$309$189$113$16
39 years$733$468$289$174$103$13
40 years$707$445$271$161$93$11
41 years$682$424$254$148$85$10
42 years$658$404$238$137$77$8
43 years$636$385$224$126$70$7
44 years$614$367$210$116$63$6
45 years$594$350$197$108$57$5
46 years$574$334$185$99$52$4
47 years$556$318$174$92$47$4
48 years$538$304$163$85$43$3
49 years$521$290$154$78$39$3
50 years$505$277$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 $517,000, adding $3,333 every year, while hoping to spend $25,206 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: 61/34/5 Blend
64$517,000$517,000$517,000$517,000
65$573,172$545,771$537,757$607,464
66$604,817$545,695$528,953$630,691
67$638,844$544,770$519,010$652,790
68$675,471$542,929$507,861$676,248
69$714,935$540,098$495,440$701,198
70$757,497$536,202$481,676$727,783
71$803,444$531,158$466,495$756,163
72$853,091$524,880$449,819$786,516
73$906,785$517,278$431,566$819,037
74$964,906$508,253$411,652$853,943
75$1,027,872$497,704$389,988$891,476
76$1,096,144$485,520$366,482$931,900
77$1,170,228$471,588$341,036$975,509
78$1,250,680$455,785$313,550$1,022,630
79$1,338,113$437,981$283,917$1,073,621
80$1,433,199$418,041$252,027$1,128,883
81$1,536,680$395,820$217,765$1,188,854
82$1,649,371$371,165$181,010$1,254,022
83$1,772,169$343,914$141,635$1,324,927
84$1,906,061$313,897$99,511$1,402,165
85$2,052,134$280,932$54,499$1,486,393
86$2,211,583$244,829$6,456$1,578,342
87$2,385,725$205,386$0$1,678,815
88$2,576,009$162,390$0$1,791,095
89$2,784,031$115,616$0$1,914,298
90$3,011,547$64,826$0$2,049,173
91$3,260,491$9,769$0$2,196,933
92$3,532,993$0$0$2,358,915
93$3,831,399$0$0$2,555,233
94$4,158,289$0$0$2,774,336
95$4,516,510$0$0$3,014,479
96$4,909,192$0$0$3,277,768
97$5,339,786$0$0$3,566,519
98$5,812,091$0$0$3,883,288
99$6,330,292$0$0$4,230,886
100$6,898,999$0$0$4,612,411