Can I retire at age 65 with 520,000?

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 $520,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.6%
1 years$42,941$42,559$42,185$41,821$41,466$40,846
2 years$21,258$20,862$20,478$20,106$19,745$19,123
3 years$14,031$13,634$13,251$12,882$12,527$11,921
4 years$10,419$10,022$9,643$9,281$8,935$8,349
5 years$8,251$7,857$7,484$7,129$6,792$6,229
6 years$6,807$6,416$6,048$5,701$5,374$4,834
7 years$5,776$5,388$5,026$4,687$4,371$3,854
8 years$5,003$4,619$4,262$3,932$3,626$3,132
9 years$4,402$4,021$3,671$3,349$3,054$2,583
10 years$3,922$3,545$3,201$2,887$2,602$2,154
11 years$3,529$3,156$2,818$2,512$2,238$1,812
12 years$3,202$2,832$2,501$2,204$1,939$1,535
13 years$2,925$2,560$2,234$1,946$1,691$1,308
14 years$2,688$2,327$2,007$1,727$1,482$1,120
15 years$2,483$2,125$1,812$1,540$1,305$963
16 years$2,304$1,950$1,643$1,379$1,153$830
17 years$2,146$1,796$1,495$1,239$1,023$718
18 years$2,005$1,660$1,365$1,117$909$622
19 years$1,880$1,538$1,250$1,009$811$541
20 years$1,767$1,429$1,147$914$724$470
21 years$1,665$1,331$1,055$829$648$410
22 years$1,573$1,243$972$754$581$358
23 years$1,489$1,162$898$687$521$312
24 years$1,412$1,089$830$626$469$273
25 years$1,341$1,022$769$572$422$239
26 years$1,275$960$713$523$380$209
27 years$1,215$904$662$479$342$183
28 years$1,159$852$616$439$309$161
29 years$1,107$804$573$402$279$141
30 years$1,058$759$534$369$252$124
31 years$1,013$717$497$339$228$109
32 years$971$679$464$312$206$95
33 years$931$643$433$287$187$84
34 years$894$609$405$264$169$74
35 years$859$578$379$243$153$65
36 years$826$548$354$224$139$57
37 years$795$521$331$206$126$50
38 years$765$495$310$190$114$44
39 years$737$471$291$175$103$39
40 years$711$448$273$161$94$34
41 years$686$426$256$149$85$30
42 years$662$406$240$137$77$26
43 years$639$387$225$127$70$23
44 years$618$369$211$117$64$20
45 years$597$352$198$108$58$18
46 years$578$335$186$100$52$16
47 years$559$320$175$92$48$14
48 years$541$306$164$85$43$12
49 years$524$292$155$79$39$11
50 years$508$279$145$73$36$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $520,000, adding $6,860 every year, while hoping to spend $41,764 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: 62/24/14 Blend
64$520,000$520,000$520,000$520,000
65$580,116$552,556$544,496$613,689
66$594,851$535,195$518,300$619,701
67$609,690$515,583$489,827$620,893
68$624,598$493,566$458,956$621,185
69$639,538$468,982$425,561$620,489
70$654,465$441,656$389,512$618,715
71$669,330$411,407$350,670$615,762
72$684,076$378,041$308,893$611,523
73$698,641$341,354$264,030$605,881
74$712,953$301,130$215,925$598,711
75$726,930$257,141$164,414$589,876
76$740,482$209,147$109,328$579,229
77$753,508$156,892$50,487$566,612
78$765,894$100,108$0$551,851
79$777,512$38,510$0$536,600
80$788,221$0$0$526,985
81$797,861$0$0$522,717
82$806,255$0$0$527,746
83$813,206$0$0$531,767
84$818,495$0$0$534,630
85$821,878$0$0$536,166
86$823,082$0$0$536,189
87$821,805$0$0$534,493
88$817,714$0$0$530,847
89$810,437$0$0$524,998
90$799,560$0$0$516,662
91$784,628$0$0$505,526
92$765,133$0$0$491,243
93$740,515$0$0$473,430
94$710,151$0$0$451,660
95$673,355$0$0$425,463
96$629,365$0$0$394,317
97$577,339$0$0$357,647
98$516,345$0$0$314,813
99$445,353$0$0$265,113
100$363,225$0$0$207,766