Can I retire at age 65 with 508,000?

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 $508,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.3%
1 years$41,950$41,576$41,212$40,856$40,509$39,953
2 years$20,767$20,381$20,006$19,642$19,290$18,731
3 years$13,707$13,319$12,945$12,585$12,238$11,693
4 years$10,178$9,791$9,421$9,067$8,728$8,202
5 years$8,061$7,676$7,311$6,964$6,635$6,129
6 years$6,650$6,268$5,908$5,569$5,250$4,764
7 years$5,643$5,264$4,910$4,579$4,270$3,805
8 years$4,888$4,512$4,164$3,841$3,542$3,098
9 years$4,301$3,929$3,586$3,272$2,983$2,559
10 years$3,831$3,463$3,127$2,820$2,542$2,138
11 years$3,447$3,083$2,753$2,454$2,186$1,802
12 years$3,128$2,767$2,443$2,153$1,894$1,529
13 years$2,858$2,501$2,183$1,901$1,652$1,306
14 years$2,626$2,273$1,961$1,687$1,448$1,120
15 years$2,426$2,076$1,771$1,505$1,275$965
16 years$2,251$1,905$1,605$1,347$1,127$834
17 years$2,096$1,754$1,461$1,211$999$723
18 years$1,959$1,621$1,333$1,091$888$628
19 years$1,837$1,503$1,221$986$792$546
20 years$1,727$1,396$1,120$893$707$477
21 years$1,627$1,301$1,030$810$633$416
22 years$1,537$1,214$950$737$567$364
23 years$1,454$1,135$877$671$509$319
24 years$1,379$1,064$811$612$458$279
25 years$1,310$998$751$559$412$245
26 years$1,246$938$697$511$371$215
27 years$1,187$883$647$468$335$189
28 years$1,132$832$601$429$302$166
29 years$1,081$785$560$393$273$146
30 years$1,034$741$521$361$246$128
31 years$990$701$486$331$223$113
32 years$949$663$453$304$201$100
33 years$910$628$423$280$182$88
34 years$873$595$396$258$165$77
35 years$839$564$370$237$149$68
36 years$807$536$346$218$135$60
37 years$776$509$324$201$123$53
38 years$748$484$303$185$111$47
39 years$720$460$284$171$101$41
40 years$695$438$266$158$92$36
41 years$670$416$250$146$83$32
42 years$647$397$234$134$75$28
43 years$625$378$220$124$68$25
44 years$604$360$206$114$62$22
45 years$584$344$194$106$56$19
46 years$564$328$182$98$51$17
47 years$546$313$171$90$46$15
48 years$529$299$161$83$42$13
49 years$512$285$151$77$38$12
50 years$496$272$142$71$35$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $508,000, adding $3,010 every year, while hoping to spend $32,428 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: 77/7/16 Blend
64$508,000$508,000$508,000$508,000
65$562,921$535,997$528,123$604,078
66$585,836$527,758$511,312$623,422
67$610,001$518,028$492,851$640,255
68$635,510$506,700$472,650$657,826
69$662,464$493,661$450,616$676,198
70$690,975$478,790$426,652$695,440
71$721,164$461,960$400,654$715,629
72$753,163$443,036$372,516$736,850
73$787,117$421,876$342,126$759,196
74$823,183$398,328$309,368$782,772
75$861,536$372,234$274,120$807,692
76$902,363$343,425$236,254$834,085
77$945,873$311,721$195,637$862,090
78$992,293$276,936$152,131$891,863
79$1,041,870$238,869$105,591$923,578
80$1,094,877$197,310$55,865$957,425
81$1,151,614$152,037$2,795$993,614
82$1,212,406$102,815$0$1,032,381
83$1,277,615$49,397$0$1,083,173
84$1,347,633$0$0$1,138,193
85$1,422,894$0$0$1,197,962
86$1,503,873$0$0$1,266,379
87$1,591,090$0$0$1,340,080
88$1,685,119$0$0$1,419,552
89$1,786,588$0$0$1,505,327
90$1,896,189$0$0$1,597,992
91$2,014,682$0$0$1,698,191
92$2,142,901$0$0$1,806,633
93$2,281,764$0$0$1,924,095
94$2,432,281$0$0$2,051,434
95$2,595,559$0$0$2,189,590
96$2,772,821$0$0$2,339,599
97$2,965,408$0$0$2,502,599
98$3,174,795$0$0$2,679,842
99$3,402,609$0$0$2,872,707
100$3,650,634$0$0$3,082,708