Can I retire at age 65 with 531,000?

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 $531,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.2%
1 years$43,849$43,459$43,078$42,706$42,343$42,129
2 years$21,708$21,303$20,912$20,532$20,163$19,947
3 years$14,328$13,922$13,531$13,155$12,792$12,581
4 years$10,639$10,234$9,847$9,477$9,124$8,919
5 years$8,426$8,024$7,642$7,279$6,936$6,738
6 years$6,951$6,552$6,176$5,821$5,488$5,297
7 years$5,898$5,502$5,132$4,786$4,463$4,280
8 years$5,109$4,716$4,352$4,015$3,703$3,527
9 years$4,495$4,107$3,749$3,420$3,118$2,949
10 years$4,005$3,620$3,268$2,948$2,657$2,495
11 years$3,603$3,222$2,877$2,566$2,285$2,130
12 years$3,269$2,892$2,554$2,250$1,980$1,833
13 years$2,987$2,614$2,281$1,987$1,727$1,586
14 years$2,745$2,376$2,050$1,764$1,514$1,379
15 years$2,536$2,170$1,851$1,573$1,333$1,205
16 years$2,353$1,991$1,678$1,408$1,178$1,057
17 years$2,191$1,834$1,527$1,265$1,044$929
18 years$2,048$1,695$1,394$1,140$929$819
19 years$1,920$1,571$1,276$1,030$828$724
20 years$1,805$1,459$1,171$933$739$641
21 years$1,701$1,359$1,077$847$662$569
22 years$1,606$1,269$993$770$593$505
23 years$1,520$1,187$917$701$532$450
24 years$1,441$1,112$848$640$478$401
25 years$1,369$1,044$785$584$431$357
26 years$1,302$981$728$534$388$319
27 years$1,241$923$676$489$350$285
28 years$1,183$870$629$448$315$254
29 years$1,130$821$585$411$285$228
30 years$1,081$775$545$377$257$204
31 years$1,035$733$508$346$233$182
32 years$991$693$474$318$211$163
33 years$951$656$443$293$191$146
34 years$913$622$413$269$172$131
35 years$877$590$387$248$156$118
36 years$843$560$362$228$142$106
37 years$812$532$338$210$128$95
38 years$781$506$317$194$116$85
39 years$753$481$297$179$105$76
40 years$726$457$278$165$96$69
41 years$700$435$261$152$87$62
42 years$676$415$245$140$79$55
43 years$653$395$230$130$71$50
44 years$631$377$216$120$65$45
45 years$610$359$202$110$59$40
46 years$590$343$190$102$53$36
47 years$571$327$179$94$49$32
48 years$553$312$168$87$44$29
49 years$535$298$158$81$40$26
50 years$518$285$148$74$36$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $531,000, adding $6,467 every year, while hoping to spend $29,514 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: 61/33/6 Blend
64$531,000$531,000$531,000$531,000
65$591,833$563,690$555,459$626,882
66$620,797$559,908$542,664$647,311
67$651,726$554,951$528,452$665,585
68$684,790$548,732$512,743$684,766
69$720,174$541,155$495,455$704,941
70$758,082$532,121$476,502$726,208
71$798,736$521,525$455,795$748,675
72$842,382$509,255$433,239$772,461
73$889,288$495,191$408,736$797,700
74$939,749$479,210$382,183$824,541
75$994,090$461,178$353,472$853,150
76$1,052,666$440,954$322,492$883,709
77$1,115,868$418,391$289,126$916,423
78$1,184,125$393,331$253,250$951,519
79$1,257,910$365,607$214,737$989,249
80$1,337,739$335,045$173,454$1,029,891
81$1,424,185$301,458$129,261$1,073,757
82$1,517,872$264,650$82,012$1,121,191
83$1,619,492$224,414$31,555$1,172,574
84$1,729,800$180,531$0$1,228,332
85$1,849,631$132,768$0$1,290,360
86$1,979,902$80,882$0$1,360,002
87$2,121,620$24,614$0$1,435,824
88$2,275,897$0$0$1,518,478
89$2,443,954$0$0$1,621,869
90$2,627,133$0$0$1,744,344
91$2,826,914$0$0$1,877,958
92$3,044,925$0$0$2,023,805
93$3,282,958$0$0$2,183,089
94$3,542,984$0$0$2,357,135
95$3,827,176$0$0$2,547,402
96$4,137,924$0$0$2,755,496
97$4,477,861$0$0$2,983,186
98$4,849,883$0$0$3,232,419
99$5,257,183$0$0$3,505,340
100$5,703,275$0$0$3,804,310