Can I retire at age 65 with 505,000?

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 $505,000?

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%
1 years$41,702$41,331$40,969$40,615$40,269$39,586
2 years$20,645$20,260$19,888$19,526$19,176$18,489
3 years$13,626$13,240$12,869$12,511$12,166$11,498
4 years$10,118$9,733$9,365$9,013$8,677$8,032
5 years$8,013$7,631$7,268$6,923$6,596$5,977
6 years$6,611$6,231$5,873$5,536$5,219$4,626
7 years$5,609$5,233$4,881$4,552$4,245$3,678
8 years$4,859$4,486$4,139$3,818$3,521$2,981
9 years$4,275$3,905$3,565$3,252$2,965$2,451
10 years$3,809$3,442$3,108$2,804$2,527$2,037
11 years$3,427$3,065$2,736$2,440$2,173$1,708
12 years$3,109$2,751$2,428$2,140$1,883$1,443
13 years$2,841$2,486$2,170$1,889$1,642$1,225
14 years$2,611$2,260$1,949$1,677$1,439$1,046
15 years$2,411$2,064$1,760$1,496$1,267$896
16 years$2,237$1,894$1,596$1,339$1,120$770
17 years$2,084$1,744$1,452$1,203$993$663
18 years$1,948$1,612$1,326$1,085$883$573
19 years$1,826$1,494$1,214$980$787$496
20 years$1,716$1,388$1,114$888$703$430
21 years$1,617$1,293$1,024$805$629$373
22 years$1,528$1,207$944$732$564$324
23 years$1,446$1,129$872$667$506$282
24 years$1,371$1,058$806$608$455$246
25 years$1,302$992$747$556$409$214
26 years$1,239$933$693$508$369$187
27 years$1,180$878$643$465$333$163
28 years$1,126$827$598$426$300$142
29 years$1,075$780$556$391$271$124
30 years$1,028$737$518$359$245$109
31 years$984$697$483$329$221$95
32 years$943$659$451$303$200$83
33 years$904$624$421$278$181$73
34 years$868$592$393$256$164$64
35 years$834$561$368$236$149$56
36 years$802$533$344$217$135$49
37 years$772$506$322$200$122$43
38 years$743$481$301$184$111$37
39 years$716$457$282$170$100$33
40 years$690$435$265$157$91$29
41 years$666$414$248$145$83$25
42 years$643$394$233$133$75$22
43 years$621$376$218$123$68$19
44 years$600$358$205$114$62$17
45 years$580$341$193$105$56$15
46 years$561$326$181$97$51$13
47 years$543$311$170$90$46$11
48 years$526$297$160$83$42$10
49 years$509$283$150$77$38$9
50 years$493$271$141$71$35$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $505,000, adding $4,900 every year, while hoping to spend $25,310 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: 66/28/6 Blend
64$505,000$505,000$505,000$505,000
65$561,564$534,799$526,972$597,776
66$591,914$534,075$517,696$621,718
67$624,512$532,467$507,261$644,378
68$659,559$529,905$495,601$668,466
69$697,278$526,314$482,648$694,117
70$737,914$521,617$468,330$721,482
71$781,735$515,730$452,573$750,727
72$829,034$508,563$435,296$782,035
73$880,137$500,023$416,420$815,609
74$935,397$490,011$395,856$851,673
75$995,208$478,422$373,517$890,475
76$1,059,997$465,143$349,308$932,289
77$1,130,238$450,056$323,132$977,419
78$1,206,451$433,037$294,885$1,026,198
79$1,289,207$413,954$264,461$1,078,999
80$1,379,134$392,666$231,749$1,136,229
81$1,476,924$369,025$196,631$1,198,341
82$1,583,338$342,875$158,986$1,265,835
83$1,699,213$314,050$118,687$1,339,263
84$1,825,470$282,376$75,600$1,419,237
85$1,963,123$247,667$29,587$1,506,430
86$2,113,287$209,729$0$1,601,587
87$2,277,191$168,354$0$1,706,782
88$2,456,185$123,324$0$1,823,776
89$2,651,759$74,410$0$1,951,690
90$2,865,550$21,368$0$2,091,641
91$3,099,363$0$0$2,244,868
92$3,355,182$0$0$2,423,844
93$3,635,195$0$0$2,626,985
94$3,941,809$0$0$2,849,457
95$4,277,677$0$0$3,093,189
96$4,645,718$0$0$3,360,304
97$5,049,148$0$0$3,653,141
98$5,491,509$0$0$3,974,274
99$5,976,703$0$0$4,326,541
100$6,509,026$0$0$4,713,066