Can I retire at age 65 with 541,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%14.9%
1 years$44,675$44,277$43,889$43,510$43,140$42,269
2 years$22,116$21,705$21,305$20,918$20,543$19,669
3 years$14,598$14,184$13,786$13,403$13,033$12,184
4 years$10,839$10,427$10,033$9,656$9,295$8,477
5 years$8,585$8,175$7,786$7,417$7,066$6,282
6 years$7,082$6,675$6,292$5,931$5,591$4,841
7 years$6,009$5,606$5,229$4,876$4,547$3,831
8 years$5,205$4,805$4,434$4,091$3,772$3,091
9 years$4,580$4,184$3,819$3,484$3,177$2,529
10 years$4,080$3,688$3,330$3,003$2,707$2,092
11 years$3,671$3,283$2,931$2,614$2,328$1,746
12 years$3,331$2,947$2,602$2,293$2,017$1,466
13 years$3,043$2,663$2,324$2,024$1,759$1,239
14 years$2,797$2,421$2,088$1,797$1,542$1,051
15 years$2,583$2,211$1,886$1,602$1,358$896
16 years$2,397$2,029$1,710$1,435$1,200$765
17 years$2,232$1,868$1,556$1,289$1,064$656
18 years$2,086$1,727$1,420$1,162$946$563
19 years$1,956$1,600$1,300$1,050$843$485
20 years$1,839$1,487$1,193$951$753$418
21 years$1,733$1,385$1,097$863$674$360
22 years$1,637$1,293$1,011$785$604$311
23 years$1,549$1,209$934$715$542$269
24 years$1,469$1,133$864$652$487$233
25 years$1,395$1,063$800$595$439$202
26 years$1,327$999$742$544$395$175
27 years$1,264$940$689$498$356$152
28 years$1,206$886$640$456$321$132
29 years$1,152$836$596$419$290$114
30 years$1,101$789$555$384$262$99
31 years$1,054$746$518$353$237$86
32 years$1,010$706$483$324$214$75
33 years$969$669$451$298$194$65
34 years$930$634$421$274$176$57
35 years$894$601$394$253$159$49
36 years$859$571$368$233$144$43
37 years$827$542$345$214$131$37
38 years$796$515$323$197$119$32
39 years$767$490$303$182$107$28
40 years$740$466$284$168$97$24
41 years$714$444$266$155$88$21
42 years$689$422$249$143$80$18
43 years$665$402$234$132$73$16
44 years$643$384$220$122$66$14
45 years$621$366$206$113$60$12
46 years$601$349$194$104$54$11
47 years$582$333$182$96$49$9
48 years$563$318$171$89$45$8
49 years$545$304$161$82$41$7
50 years$528$290$151$76$37$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $541,000, adding $5,401 every year, while hoping to spend $23,379 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: 68/14/18 Blend
64$541,000$541,000$541,000$541,000
65$601,753$573,080$564,695$639,684
66$638,257$576,286$558,737$668,905
67$677,700$578,865$551,796$697,615
68$720,359$580,763$543,814$728,442
69$766,535$581,920$534,731$761,593
70$816,561$582,273$524,484$797,297
71$870,803$581,757$513,007$835,805
72$929,662$580,300$500,230$877,397
73$993,581$577,829$486,081$922,377
74$1,063,046$574,262$470,485$971,087
75$1,138,593$569,517$453,362$1,023,899
76$1,220,809$563,503$434,630$1,081,226
77$1,310,343$556,126$414,201$1,143,523
78$1,407,907$547,286$391,986$1,211,294
79$1,514,286$536,875$367,890$1,285,092
80$1,630,343$524,782$341,814$1,365,530
81$1,757,029$510,886$313,655$1,453,283
82$1,895,388$495,062$283,305$1,549,097
83$2,046,573$477,176$250,651$1,653,793
84$2,211,851$457,085$215,576$1,768,280
85$2,392,619$434,641$177,956$1,893,558
86$2,590,412$409,684$137,664$2,030,731
87$2,806,923$382,048$94,565$2,181,019
88$3,044,015$351,555$48,519$2,345,766
89$3,303,741$318,017$0$2,526,455
90$3,588,359$281,236$0$2,724,841
91$3,900,359$241,004$0$2,952,561
92$4,242,482$197,099$0$3,202,310
93$4,617,746$149,288$0$3,476,314
94$5,029,476$97,324$0$3,777,030
95$5,481,337$40,946$0$4,107,162
96$5,977,360$0$0$4,469,694
97$6,521,991$0$0$4,871,013
98$7,120,126$0$0$5,318,717
99$7,777,156$0$0$5,810,539
100$8,499,022$0$0$6,350,931