Can I retire at age 65 with 544,000?

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 $544,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.3%
1 years$44,923$44,523$44,132$43,751$43,379$42,092
2 years$22,239$21,825$21,424$21,034$20,657$19,370
3 years$14,679$14,263$13,862$13,477$13,106$11,860
4 years$10,899$10,485$10,088$9,709$9,347$8,153
5 years$8,632$8,220$7,829$7,458$7,105$5,965
6 years$7,121$6,712$6,327$5,964$5,622$4,537
7 years$6,043$5,637$5,258$4,903$4,572$3,543
8 years$5,234$4,832$4,459$4,113$3,793$2,818
9 years$4,605$4,207$3,841$3,504$3,194$2,273
10 years$4,103$3,708$3,348$3,020$2,722$1,852
11 years$3,692$3,301$2,948$2,628$2,341$1,522
12 years$3,349$2,963$2,616$2,305$2,029$1,259
13 years$3,060$2,678$2,337$2,035$1,769$1,046
14 years$2,812$2,434$2,100$1,807$1,551$874
15 years$2,598$2,224$1,896$1,611$1,365$732
16 years$2,410$2,040$1,719$1,443$1,207$615
17 years$2,245$1,879$1,564$1,296$1,070$518
18 years$2,098$1,736$1,428$1,168$951$437
19 years$1,967$1,609$1,307$1,056$848$369
20 years$1,849$1,495$1,200$956$757$312
21 years$1,742$1,393$1,104$868$678$265
22 years$1,646$1,300$1,017$789$608$224
23 years$1,557$1,216$939$718$545$190
24 years$1,477$1,139$868$655$490$162
25 years$1,403$1,069$804$598$441$137
26 years$1,334$1,005$746$547$397$117
27 years$1,271$946$693$501$358$99
28 years$1,212$891$644$459$323$85
29 years$1,158$841$599$421$292$72
30 years$1,107$794$558$386$264$61
31 years$1,060$750$520$355$238$52
32 years$1,016$710$486$326$216$44
33 years$974$672$453$300$195$38
34 years$935$637$424$276$177$32
35 years$899$605$396$254$160$27
36 years$864$574$370$234$145$23
37 years$831$545$347$215$131$20
38 years$801$518$325$199$119$17
39 years$771$492$304$183$108$14
40 years$744$469$285$169$98$12
41 years$718$446$267$156$89$11
42 years$693$425$251$144$81$9
43 years$669$405$235$133$73$8
44 years$646$386$221$123$66$7
45 years$625$368$207$113$60$6
46 years$604$351$195$105$55$5
47 years$585$335$183$97$50$4
48 years$566$320$172$89$45$3
49 years$548$305$162$82$41$3
50 years$531$292$152$76$37$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $544,000, adding $2,009 every year, while hoping to spend $21,219 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: 38/34/28 Blend
64$544,000$544,000$544,000$544,000
65$601,560$572,728$564,296$619,340
66$640,343$578,215$560,623$638,072
67$682,370$583,260$556,116$656,212
68$727,950$587,818$550,725$675,413
69$777,422$591,843$544,396$695,783
70$831,160$595,284$537,074$717,445
71$889,575$598,089$528,702$740,537
72$953,117$600,201$519,219$765,209
73$1,022,284$601,560$508,562$791,630
74$1,097,623$602,102$496,664$819,986
75$1,179,734$601,759$483,457$850,485
76$1,269,281$600,459$468,866$883,359
77$1,366,991$598,125$452,817$918,863
78$1,473,668$594,677$435,230$957,281
79$1,590,194$590,028$416,023$998,927
80$1,717,542$584,087$395,107$1,044,153
81$1,856,781$576,757$372,393$1,093,344
82$2,009,090$567,936$347,785$1,146,932
83$2,175,766$557,514$321,185$1,205,390
84$2,358,239$545,376$292,489$1,269,247
85$2,558,081$531,401$261,589$1,339,087
86$2,777,024$515,459$228,372$1,415,557
87$3,016,978$497,414$192,719$1,499,372
88$3,280,043$477,120$154,508$1,591,326
89$3,568,533$454,425$113,611$1,692,296
90$3,884,998$429,167$69,891$1,803,253
91$4,232,245$401,174$23,210$1,925,271
92$4,613,368$370,264$0$2,059,538
93$5,031,772$336,248$0$2,215,317
94$5,491,210$298,922$0$2,394,030
95$5,995,817$258,072$0$2,590,388
96$6,550,145$213,472$0$2,806,219
97$7,159,211$164,883$0$3,043,537
98$7,828,542$112,054$0$3,304,566
99$8,564,226$54,717$0$3,591,761
100$9,372,970$0$0$3,907,829