Can I retire at age 65 with 546,000?

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 $546,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.6%
1 years$45,088$44,687$44,295$43,912$43,539$43,246
2 years$22,321$21,905$21,502$21,112$20,733$20,438
3 years$14,733$14,315$13,913$13,526$13,154$12,865
4 years$10,939$10,523$10,125$9,745$9,381$9,102
5 years$8,664$8,250$7,858$7,485$7,132$6,862
6 years$7,148$6,737$6,350$5,986$5,643$5,383
7 years$6,065$5,658$5,277$4,921$4,589$4,340
8 years$5,253$4,850$4,475$4,128$3,807$3,568
9 years$4,622$4,223$3,855$3,516$3,206$2,977
10 years$4,118$3,722$3,361$3,031$2,732$2,512
11 years$3,705$3,313$2,959$2,638$2,349$2,140
12 years$3,362$2,974$2,626$2,314$2,036$1,836
13 years$3,071$2,688$2,346$2,043$1,775$1,585
14 years$2,823$2,443$2,108$1,813$1,556$1,375
15 years$2,607$2,232$1,903$1,617$1,370$1,198
16 years$2,419$2,048$1,725$1,448$1,211$1,047
17 years$2,253$1,886$1,570$1,301$1,074$919
18 years$2,106$1,742$1,433$1,173$955$808
19 years$1,974$1,615$1,312$1,059$851$712
20 years$1,856$1,501$1,204$960$760$629
21 years$1,749$1,398$1,108$871$680$556
22 years$1,652$1,305$1,021$792$610$493
23 years$1,563$1,220$943$721$547$437
24 years$1,482$1,143$872$658$492$388
25 years$1,408$1,073$807$601$443$345
26 years$1,339$1,008$749$549$399$307
27 years$1,276$949$695$503$360$273
28 years$1,217$894$646$461$324$243
29 years$1,162$844$602$422$293$217
30 years$1,111$797$560$388$265$194
31 years$1,064$753$522$356$239$173
32 years$1,019$713$487$327$216$154
33 years$978$675$455$301$196$138
34 years$939$640$425$277$177$123
35 years$902$607$397$255$161$110
36 years$867$576$372$235$146$98
37 years$834$547$348$216$132$88
38 years$803$520$326$199$120$79
39 years$774$494$305$184$108$70
40 years$746$470$286$170$98$63
41 years$720$448$268$156$89$56
42 years$695$426$252$144$81$50
43 years$671$406$236$133$73$45
44 years$649$387$222$123$67$40
45 years$627$369$208$114$61$36
46 years$607$352$196$105$55$32
47 years$587$336$184$97$50$29
48 years$568$321$173$90$45$26
49 years$550$306$162$83$41$23
50 years$533$293$153$77$37$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $546,000, adding $2,252 every year, while hoping to spend $35,982 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: 83/11/6 Blend
64$546,000$546,000$546,000$546,000
65$604,015$575,077$566,614$653,748
66$627,340$564,971$547,311$676,458
67$651,838$553,164$526,155$696,302
68$677,591$539,535$503,047$716,966
69$704,688$523,954$477,881$738,510
70$733,225$506,287$450,549$761,000
71$763,307$486,389$420,936$784,509
72$795,050$464,107$388,923$809,116
73$828,578$439,281$354,385$834,910
74$864,027$411,740$317,191$861,987
75$901,546$381,304$277,206$890,456
76$941,299$347,782$234,286$920,433
77$983,461$310,974$188,285$952,049
78$1,028,228$270,665$139,046$985,447
79$1,075,811$226,632$86,409$1,020,785
80$1,126,443$178,636$30,202$1,058,239
81$1,180,378$126,427$0$1,098,000
82$1,237,894$69,739$0$1,142,189
83$1,299,295$8,293$0$1,191,320
84$1,364,917$0$0$1,243,729
85$1,435,124$0$0$1,306,761
86$1,510,318$0$0$1,375,353
87$1,590,940$0$0$1,448,903
88$1,677,472$0$0$1,527,853
89$1,770,445$0$0$1,612,687
90$1,870,439$0$0$1,703,939
91$1,978,095$0$0$1,802,190
92$2,094,113$0$0$1,908,083
93$2,219,263$0$0$2,022,323
94$2,354,393$0$0$2,145,683
95$2,500,432$0$0$2,279,014
96$2,658,402$0$0$2,423,250
97$2,829,428$0$0$2,579,419
98$3,014,744$0$0$2,748,651
99$3,215,709$0$0$2,932,188
100$3,433,816$0$0$3,131,396