Can I retire at age 65 with 501,000?

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 $501,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18%
1 years$41,372$41,004$40,644$40,293$39,950$38,656
2 years$20,481$20,100$19,730$19,372$19,024$17,732
3 years$13,519$13,135$12,767$12,412$12,070$10,821
4 years$10,038$9,656$9,291$8,942$8,608$7,412
5 years$7,950$7,570$7,210$6,868$6,544$5,403
6 years$6,559$6,182$5,827$5,493$5,178$4,094
7 years$5,565$5,191$4,842$4,516$4,211$3,184
8 years$4,820$4,450$4,107$3,788$3,493$2,522
9 years$4,241$3,875$3,537$3,227$2,942$2,025
10 years$3,778$3,415$3,084$2,781$2,507$1,643
11 years$3,400$3,040$2,715$2,421$2,156$1,344
12 years$3,085$2,729$2,409$2,123$1,868$1,107
13 years$2,818$2,466$2,153$1,875$1,629$916
14 years$2,590$2,242$1,934$1,664$1,428$761
15 years$2,392$2,048$1,746$1,484$1,257$634
16 years$2,220$1,879$1,583$1,329$1,111$530
17 years$2,067$1,730$1,441$1,194$985$444
18 years$1,932$1,599$1,315$1,076$876$373
19 years$1,811$1,482$1,204$972$781$313
20 years$1,703$1,377$1,105$880$698$264
21 years$1,605$1,283$1,016$799$624$222
22 years$1,516$1,197$937$727$560$187
23 years$1,434$1,120$865$662$502$158
24 years$1,360$1,049$800$604$451$134
25 years$1,292$985$741$551$406$113
26 years$1,229$925$687$504$366$95
27 years$1,171$871$638$461$330$81
28 years$1,117$821$593$423$298$68
29 years$1,067$774$552$388$269$58
30 years$1,020$731$514$356$243$49
31 years$976$691$479$327$220$41
32 years$935$654$447$300$199$35
33 years$897$619$418$276$180$30
34 years$861$587$390$254$163$25
35 years$828$557$365$234$147$21
36 years$796$528$341$215$134$18
37 years$766$502$319$198$121$15
38 years$737$477$299$183$110$13
39 years$710$454$280$169$100$11
40 years$685$432$263$156$90$9
41 years$661$411$246$144$82$8
42 years$638$391$231$132$74$7
43 years$616$373$217$122$67$6
44 years$595$355$203$113$61$5
45 years$575$339$191$104$56$4
46 years$557$323$179$96$50$3
47 years$539$308$169$89$46$3
48 years$521$294$158$82$42$2
49 years$505$281$149$76$38$2
50 years$489$269$140$70$34$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $501,000, adding $3,109 every year, while hoping to spend $24,167 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: 60/28/12 Blend
64$501,000$501,000$501,000$501,000
65$555,309$528,756$520,990$586,837
66$586,237$528,951$512,730$608,602
67$619,510$528,347$503,383$629,329
68$655,341$526,877$492,887$651,353
69$693,965$524,473$481,178$674,801
70$735,639$521,062$468,188$699,814
71$780,648$516,568$453,846$726,547
72$829,301$510,907$438,077$755,173
73$881,942$503,993$420,805$785,883
74$938,946$495,734$401,947$818,889
75$1,000,725$486,033$381,420$854,424
76$1,067,736$474,785$359,134$892,749
77$1,140,477$461,882$334,997$934,149
78$1,219,499$447,207$308,912$978,942
79$1,305,405$430,637$280,778$1,027,481
80$1,398,862$412,044$250,490$1,080,152
81$1,500,601$391,289$217,936$1,137,388
82$1,611,428$368,228$183,003$1,199,662
83$1,732,228$342,706$145,568$1,267,501
84$1,863,978$314,561$105,507$1,341,488
85$2,007,751$283,622$62,689$1,422,264
86$2,164,729$249,706$16,976$1,510,542
87$2,336,212$212,623$0$1,607,108
88$2,523,633$172,169$0$1,716,902
89$2,728,569$128,130$0$1,839,398
90$2,952,755$80,280$0$1,973,501
91$3,198,102$28,381$0$2,120,404
92$3,466,717$0$0$2,281,426
93$3,760,916$0$0$2,466,591
94$4,083,252$0$0$2,679,086
95$4,436,536$0$0$2,912,023
96$4,823,864$0$0$3,167,450
97$5,248,646$0$0$3,447,620
98$5,714,637$0$0$3,755,015
99$6,225,974$0$0$4,092,371
100$6,787,214$0$0$4,462,699