Can I retire at age 65 with 499,000?

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 $499,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.1%
1 years$41,207$40,840$40,482$40,132$39,791$39,277
2 years$20,399$20,020$19,651$19,294$18,948$18,431
3 years$13,465$13,083$12,716$12,362$12,021$11,518
4 years$9,998$9,617$9,254$8,906$8,574$8,087
5 years$7,918$7,540$7,181$6,841$6,518$6,049
6 years$6,532$6,157$5,804$5,471$5,157$4,707
7 years$5,543$5,171$4,823$4,498$4,194$3,763
8 years$4,801$4,432$4,090$3,773$3,479$3,068
9 years$4,224$3,859$3,523$3,214$2,930$2,537
10 years$3,763$3,402$3,071$2,770$2,497$2,122
11 years$3,386$3,028$2,704$2,411$2,147$1,791
12 years$3,072$2,718$2,400$2,115$1,861$1,522
13 years$2,807$2,456$2,144$1,867$1,623$1,301
14 years$2,580$2,233$1,926$1,657$1,422$1,118
15 years$2,383$2,040$1,739$1,478$1,252$964
16 years$2,211$1,871$1,577$1,323$1,107$834
17 years$2,059$1,723$1,435$1,189$981$724
18 years$1,924$1,592$1,310$1,072$873$630
19 years$1,804$1,476$1,199$968$778$549
20 years$1,696$1,371$1,100$877$695$480
21 years$1,598$1,277$1,012$796$622$420
22 years$1,509$1,192$933$724$557$367
23 years$1,429$1,115$861$659$500$322
24 years$1,355$1,045$797$601$450$283
25 years$1,286$981$738$549$405$249
26 years$1,224$922$684$502$364$218
27 years$1,166$867$635$459$329$192
28 years$1,112$817$591$421$296$169
29 years$1,062$771$550$386$268$149
30 years$1,016$728$512$354$242$131
31 years$972$688$477$325$219$116
32 years$932$651$445$299$198$102
33 years$894$617$416$275$179$90
34 years$858$585$389$253$162$79
35 years$824$554$363$233$147$70
36 years$793$526$340$214$133$62
37 years$763$500$318$198$121$55
38 years$734$475$298$182$109$48
39 years$708$452$279$168$99$43
40 years$682$430$262$155$90$38
41 years$658$409$245$143$82$33
42 years$635$390$230$132$74$29
43 years$614$371$216$122$67$26
44 years$593$354$203$112$61$23
45 years$573$337$190$104$55$20
46 years$554$322$179$96$50$18
47 years$536$307$168$89$46$16
48 years$519$293$158$82$41$14
49 years$503$280$148$76$38$12
50 years$487$268$139$70$34$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $499,000, adding $4,419 every year, while hoping to spend $26,008 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: 68/17/15 Blend
64$499,000$499,000$499,000$499,000
65$554,456$528,009$520,275$589,926
66$583,338$526,209$510,032$612,326
67$614,295$523,450$498,574$633,327
68$647,510$519,656$485,833$655,640
69$683,185$514,748$471,738$679,390
70$721,543$508,643$456,214$704,718
71$762,826$501,253$439,183$731,777
72$807,303$492,482$420,563$760,740
73$855,266$482,232$400,270$791,794
74$907,038$470,397$378,214$825,150
75$962,973$456,864$354,302$861,038
76$1,023,462$441,516$328,437$899,714
77$1,088,932$424,227$300,517$941,462
78$1,159,854$404,865$270,435$986,593
79$1,236,746$383,289$238,081$1,035,454
80$1,320,175$359,352$203,338$1,088,426
81$1,410,769$332,897$166,086$1,145,932
82$1,509,216$303,756$126,198$1,208,438
83$1,616,272$271,757$83,542$1,276,461
84$1,732,771$236,712$37,980$1,350,570
85$1,859,630$198,427$0$1,431,396
86$1,997,857$156,695$0$1,521,337
87$2,148,562$111,297$0$1,626,056
88$2,312,968$62,002$0$1,740,343
89$2,492,418$8,568$0$1,865,162
90$2,688,393$0$0$2,001,577
91$2,902,522$0$0$2,159,974
92$3,136,601$0$0$2,334,909
93$3,392,602$0$0$2,526,257
94$3,672,702$0$0$2,735,648
95$3,979,295$0$0$2,964,876
96$4,315,018$0$0$3,215,916
97$4,682,775$0$0$3,490,944
98$5,085,762$0$0$3,792,355
99$5,527,503$0$0$4,122,789
100$6,011,876$0$0$4,485,150