Can I retire at age 65 with 495,000?

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 $495,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.8%
1 years$40,877$40,513$40,157$39,811$39,472$39,174
2 years$20,236$19,859$19,494$19,140$18,796$18,496
3 years$13,357$12,978$12,614$12,263$11,925$11,631
4 years$9,918$9,540$9,180$8,835$8,505$8,221
5 years$7,855$7,480$7,124$6,786$6,465$6,191
6 years$6,480$6,108$5,757$5,427$5,116$4,852
7 years$5,498$5,129$4,784$4,462$4,161$3,907
8 years$4,763$4,397$4,057$3,743$3,452$3,208
9 years$4,190$3,828$3,495$3,188$2,907$2,674
10 years$3,733$3,374$3,047$2,748$2,477$2,254
11 years$3,359$3,004$2,682$2,392$2,130$1,917
12 years$3,048$2,696$2,380$2,098$1,846$1,643
13 years$2,784$2,437$2,127$1,852$1,610$1,417
14 years$2,559$2,215$1,911$1,644$1,411$1,227
15 years$2,364$2,023$1,725$1,466$1,242$1,068
16 years$2,193$1,856$1,564$1,313$1,098$932
17 years$2,043$1,710$1,423$1,180$974$817
18 years$1,909$1,580$1,299$1,063$866$717
19 years$1,790$1,464$1,189$961$772$631
20 years$1,682$1,360$1,092$870$689$556
21 years$1,585$1,267$1,004$790$617$491
22 years$1,497$1,183$925$718$553$435
23 years$1,417$1,106$854$654$496$385
24 years$1,344$1,037$790$596$446$341
25 years$1,276$973$732$545$401$303
26 years$1,214$914$679$498$362$269
27 years$1,157$860$630$456$326$239
28 years$1,103$811$586$418$294$213
29 years$1,054$765$545$383$266$189
30 years$1,008$722$508$351$240$169
31 years$965$683$474$323$217$150
32 years$924$646$442$297$196$134
33 years$886$612$413$273$178$120
34 years$851$580$385$251$161$107
35 years$818$550$360$231$146$95
36 years$786$522$337$213$132$85
37 years$756$496$316$196$120$76
38 years$728$471$295$181$108$68
39 years$702$448$277$167$98$60
40 years$677$426$259$154$89$54
41 years$653$406$243$142$81$48
42 years$630$386$228$131$73$43
43 years$609$368$214$121$67$39
44 years$588$351$201$112$60$34
45 years$569$335$189$103$55$31
46 years$550$319$177$95$50$27
47 years$532$305$167$88$45$25
48 years$515$291$157$81$41$22
49 years$499$278$147$75$37$20
50 years$483$265$138$69$34$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $495,000, adding $4,189 every year, while hoping to spend $39,153 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: 53/23/24 Blend
64$495,000$495,000$495,000$495,000
65$549,811$523,576$515,903$575,093
66$564,233$507,573$491,528$576,983
67$578,814$489,473$465,023$574,655
68$593,529$469,133$436,277$571,310
69$608,348$446,400$405,172$566,868
70$623,239$421,113$371,584$561,239
71$638,163$393,101$335,386$554,328
72$653,077$362,184$296,443$546,032
73$667,932$328,172$254,615$536,243
74$682,671$290,863$209,755$524,842
75$697,232$250,044$161,710$511,705
76$711,544$205,490$110,321$496,695
77$725,526$156,963$55,421$479,667
78$739,088$104,213$0$460,465
79$752,130$46,974$0$439,732
80$764,538$0$0$431,676
81$776,186$0$0$425,748
82$786,932$0$0$431,155
83$796,620$0$0$435,917
84$805,072$0$0$439,928
85$812,093$0$0$443,075
86$817,464$0$0$445,229
87$820,944$0$0$446,246
88$822,261$0$0$445,968
89$821,116$0$0$444,220
90$817,177$0$0$440,806
91$810,074$0$0$435,508
92$799,397$0$0$428,087
93$784,692$0$0$418,275
94$765,455$0$0$405,779
95$741,128$0$0$390,270
96$711,095$0$0$371,387
97$674,671$0$0$348,729
98$631,100$0$0$321,854
99$579,544$0$0$290,269
100$519,078$0$0$253,435