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%14%
1 years$43,849$43,459$43,078$42,706$42,343$41,641
2 years$21,708$21,303$20,912$20,532$20,163$19,459
3 years$14,328$13,922$13,531$13,155$12,792$12,106
4 years$10,639$10,234$9,847$9,477$9,124$8,462
5 years$8,426$8,024$7,642$7,279$6,936$6,300
6 years$6,951$6,552$6,176$5,821$5,488$4,879
7 years$5,898$5,502$5,132$4,786$4,463$3,881
8 years$5,109$4,716$4,352$4,015$3,703$3,147
9 years$4,495$4,107$3,749$3,420$3,118$2,589
10 years$4,005$3,620$3,268$2,948$2,657$2,153
11 years$3,603$3,222$2,877$2,566$2,285$1,807
12 years$3,269$2,892$2,554$2,250$1,980$1,527
13 years$2,987$2,614$2,281$1,987$1,727$1,298
14 years$2,745$2,376$2,050$1,764$1,514$1,108
15 years$2,536$2,170$1,851$1,573$1,333$950
16 years$2,353$1,991$1,678$1,408$1,178$817
17 years$2,191$1,834$1,527$1,265$1,044$704
18 years$2,048$1,695$1,394$1,140$929$609
19 years$1,920$1,571$1,276$1,030$828$527
20 years$1,805$1,459$1,171$933$739$457
21 years$1,701$1,359$1,077$847$662$397
22 years$1,606$1,269$993$770$593$346
23 years$1,520$1,187$917$701$532$301
24 years$1,441$1,112$848$640$478$262
25 years$1,369$1,044$785$584$431$229
26 years$1,302$981$728$534$388$200
27 years$1,241$923$676$489$350$175
28 years$1,183$870$629$448$315$153
29 years$1,130$821$585$411$285$133
30 years$1,081$775$545$377$257$117
31 years$1,035$733$508$346$233$102
32 years$991$693$474$318$211$89
33 years$951$656$443$293$191$78
34 years$913$622$413$269$172$69
35 years$877$590$387$248$156$60
36 years$843$560$362$228$142$53
37 years$812$532$338$210$128$46
38 years$781$506$317$194$116$40
39 years$753$481$297$179$105$35
40 years$726$457$278$165$96$31
41 years$700$435$261$152$87$27
42 years$676$415$245$140$79$24
43 years$653$395$230$130$71$21
44 years$631$377$216$120$65$18
45 years$610$359$202$110$59$16
46 years$590$343$190$102$53$14
47 years$571$327$179$94$49$12
48 years$553$312$168$87$44$11
49 years$535$298$158$81$40$10
50 years$518$285$148$74$36$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $531,000, adding $5,111 every year, while hoping to spend $27,497 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: 33/40/27 Blend
64$531,000$531,000$531,000$531,000
65$590,434$562,291$554,060$604,934
66$621,402$560,587$543,365$614,647
67$654,606$557,877$531,389$622,301
68$690,248$554,084$518,062$630,011
69$728,543$549,125$503,308$637,801
70$769,734$542,912$487,048$645,699
71$814,083$535,350$469,200$653,739
72$861,879$526,342$449,678$661,960
73$913,440$515,782$428,392$670,409
74$969,116$503,560$405,248$679,141
75$1,029,289$489,558$380,147$688,218
76$1,094,382$473,652$352,987$697,712
77$1,164,857$455,709$323,661$707,708
78$1,241,225$435,591$292,056$718,299
79$1,324,045$413,151$258,055$729,597
80$1,413,934$388,231$221,535$741,725
81$1,511,568$360,668$182,370$754,825
82$1,617,694$330,286$140,425$769,058
83$1,733,131$296,902$95,562$784,605
84$1,858,781$260,321$47,633$801,673
85$1,995,637$220,337$0$820,493
86$2,144,791$176,732$0$842,340
87$2,307,444$129,277$0$881,208
88$2,484,921$77,729$0$923,736
89$2,678,678$21,832$0$970,348
90$2,890,316$0$0$1,021,512
91$3,121,602$0$0$1,094,777
92$3,374,478$0$0$1,185,465
93$3,651,083$0$0$1,284,742
94$3,953,773$0$0$1,393,463
95$4,285,141$0$0$1,512,571
96$4,648,042$0$0$1,643,102
97$5,045,624$0$0$1,786,199
98$5,481,348$0$0$1,943,121
99$5,959,030$0$0$2,115,253
100$6,482,870$0$0$2,304,121