Can I retire at age 65 with 524,000?

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 $524,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.8%
1 years$43,271$42,886$42,510$42,143$41,784$41,297
2 years$21,422$21,023$20,636$20,261$19,897$19,406
3 years$14,139$13,738$13,353$12,981$12,624$12,145
4 years$10,499$10,099$9,717$9,352$9,003$8,540
5 years$8,315$7,918$7,541$7,184$6,844$6,398
6 years$6,860$6,466$6,094$5,745$5,416$4,987
7 years$5,821$5,430$5,064$4,723$4,404$3,994
8 years$5,042$4,654$4,295$3,962$3,654$3,261
9 years$4,436$4,052$3,699$3,375$3,077$2,702
10 years$3,952$3,572$3,225$2,909$2,622$2,264
11 years$3,556$3,180$2,839$2,532$2,255$1,914
12 years$3,226$2,854$2,520$2,221$1,954$1,630
13 years$2,948$2,579$2,251$1,961$1,704$1,396
14 years$2,709$2,345$2,023$1,740$1,494$1,202
15 years$2,502$2,142$1,826$1,552$1,315$1,038
16 years$2,322$1,965$1,656$1,390$1,162$901
17 years$2,162$1,810$1,507$1,249$1,031$783
18 years$2,021$1,672$1,375$1,125$916$683
19 years$1,894$1,550$1,259$1,017$817$597
20 years$1,781$1,440$1,156$921$730$522
21 years$1,678$1,341$1,063$836$653$458
22 years$1,585$1,252$980$760$585$402
23 years$1,500$1,171$905$692$525$353
24 years$1,422$1,097$837$631$472$311
25 years$1,351$1,030$775$576$425$274
26 years$1,285$968$719$527$383$241
27 years$1,224$911$667$482$345$213
28 years$1,168$858$620$442$311$188
29 years$1,115$810$577$405$281$166
30 years$1,067$765$538$372$254$146
31 years$1,021$723$501$342$230$129
32 years$978$684$468$314$208$114
33 years$938$648$437$289$188$101
34 years$901$614$408$266$170$90
35 years$866$582$381$245$154$79
36 years$832$553$357$225$140$70
37 years$801$525$334$208$127$62
38 years$771$499$313$191$115$55
39 years$743$474$293$176$104$49
40 years$716$451$275$163$94$43
41 years$691$430$258$150$86$38
42 years$667$409$242$139$78$34
43 years$644$390$227$128$71$30
44 years$623$372$213$118$64$27
45 years$602$354$200$109$58$24
46 years$582$338$188$101$53$21
47 years$563$323$176$93$48$18
48 years$545$308$166$86$44$16
49 years$528$294$156$79$40$14
50 years$512$281$146$73$36$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $524,000, adding $6,969 every year, while hoping to spend $36,021 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: 40/33/27 Blend
64$524,000$524,000$524,000$524,000
65$584,637$556,865$548,743$603,127
66$605,943$545,825$528,799$606,137
67$628,216$533,037$506,981$605,519
68$651,516$518,377$483,186$604,157
69$675,907$501,714$457,310$602,005
70$701,462$482,910$429,241$599,015
71$728,256$461,818$398,866$595,139
72$756,373$438,282$366,063$590,325
73$785,904$412,139$330,708$584,523
74$816,948$383,215$292,667$577,678
75$849,610$351,327$251,806$569,737
76$884,009$316,280$207,979$560,643
77$920,269$277,869$161,038$550,340
78$958,530$235,878$110,827$538,771
79$998,942$190,078$57,181$525,876
80$1,041,669$140,227$0$511,597
81$1,086,891$86,070$0$495,896
82$1,134,803$27,337$0$496,274
83$1,185,619$0$0$496,237
84$1,239,573$0$0$508,949
85$1,296,921$0$0$533,048
86$1,357,941$0$0$558,729
87$1,422,941$0$0$586,125
88$1,492,255$0$0$615,384
89$1,566,250$0$0$646,666
90$1,645,330$0$0$680,146
91$1,729,934$0$0$716,019
92$1,820,546$0$0$754,495
93$1,917,697$0$0$795,807
94$2,021,968$0$0$840,210
95$2,133,998$0$0$887,983
96$2,254,487$0$0$939,435
97$2,384,205$0$0$994,903
98$2,523,996$0$0$1,054,758
99$2,674,789$0$0$1,119,406
100$2,837,604$0$0$1,189,296