Can I retire at age 65 with 541,000?

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 $541,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.5%
1 years$44,675$44,277$43,889$43,510$43,140$41,826
2 years$22,116$21,705$21,305$20,918$20,543$19,230
3 years$14,598$14,184$13,786$13,403$13,033$11,763
4 years$10,839$10,427$10,033$9,656$9,295$8,078
5 years$8,585$8,175$7,786$7,417$7,066$5,904
6 years$7,082$6,675$6,292$5,931$5,591$4,486
7 years$6,009$5,606$5,229$4,876$4,547$3,499
8 years$5,205$4,805$4,434$4,091$3,772$2,780
9 years$4,580$4,184$3,819$3,484$3,177$2,239
10 years$4,080$3,688$3,330$3,003$2,707$1,822
11 years$3,671$3,283$2,931$2,614$2,328$1,496
12 years$3,331$2,947$2,602$2,293$2,017$1,235
13 years$3,043$2,663$2,324$2,024$1,759$1,026
14 years$2,797$2,421$2,088$1,797$1,542$855
15 years$2,583$2,211$1,886$1,602$1,358$715
16 years$2,397$2,029$1,710$1,435$1,200$600
17 years$2,232$1,868$1,556$1,289$1,064$504
18 years$2,086$1,727$1,420$1,162$946$425
19 years$1,956$1,600$1,300$1,050$843$359
20 years$1,839$1,487$1,193$951$753$303
21 years$1,733$1,385$1,097$863$674$256
22 years$1,637$1,293$1,011$785$604$217
23 years$1,549$1,209$934$715$542$184
24 years$1,469$1,133$864$652$487$156
25 years$1,395$1,063$800$595$439$132
26 years$1,327$999$742$544$395$112
27 years$1,264$940$689$498$356$95
28 years$1,206$886$640$456$321$81
29 years$1,152$836$596$419$290$69
30 years$1,101$789$555$384$262$58
31 years$1,054$746$518$353$237$50
32 years$1,010$706$483$324$214$42
33 years$969$669$451$298$194$36
34 years$930$634$421$274$176$31
35 years$894$601$394$253$159$26
36 years$859$571$368$233$144$22
37 years$827$542$345$214$131$19
38 years$796$515$323$197$119$16
39 years$767$490$303$182$107$14
40 years$740$466$284$168$97$12
41 years$714$444$266$155$88$10
42 years$689$422$249$143$80$8
43 years$665$402$234$132$73$7
44 years$643$384$220$122$66$6
45 years$621$366$206$113$60$5
46 years$601$349$194$104$54$4
47 years$582$333$182$96$49$4
48 years$563$318$171$89$45$3
49 years$545$304$161$82$41$3
50 years$528$290$151$76$37$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $541,000, adding $5,299 every year, while hoping to spend $39,791 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: 36/45/19 Blend
64$541,000$541,000$541,000$541,000
65$601,648$572,975$564,589$619,668
66$620,679$558,713$541,166$619,000
67$640,317$542,419$515,624$614,171
68$660,583$523,951$487,851$608,129
69$681,497$503,159$457,728$600,788
70$703,080$479,885$425,133$592,059
71$725,355$453,960$389,936$581,845
72$748,345$425,208$352,002$570,046
73$772,074$393,441$311,192$556,554
74$796,566$358,460$267,357$541,258
75$821,846$320,055$220,345$524,039
76$847,943$278,006$169,994$504,770
77$874,883$232,078$116,139$483,320
78$902,694$182,024$58,603$459,550
79$931,408$127,582$0$433,311
80$961,055$68,476$0$405,017
81$991,666$4,415$0$386,651
82$1,023,277$0$0$366,189
83$1,055,921$0$0$375,632
84$1,089,636$0$0$387,644
85$1,124,459$0$0$400,053
86$1,160,429$0$0$412,873
87$1,197,589$0$0$426,119
88$1,235,981$0$0$439,807
89$1,275,651$0$0$453,953
90$1,316,645$0$0$468,574
91$1,359,014$0$0$483,689
92$1,402,808$0$0$499,316
93$1,448,082$0$0$515,475
94$1,494,894$0$0$532,187
95$1,543,301$0$0$549,474
96$1,593,368$0$0$567,359
97$1,645,161$0$0$585,866
98$1,698,748$0$0$605,021
99$1,754,204$0$0$624,851
100$1,811,604$0$0$645,384