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%13%
1 years$45,088$44,687$44,295$43,912$43,539$42,995
2 years$22,321$21,905$21,502$21,112$20,733$20,185
3 years$14,733$14,315$13,913$13,526$13,154$12,620
4 years$10,939$10,523$10,125$9,745$9,381$8,865
5 years$8,664$8,250$7,858$7,485$7,132$6,635
6 years$7,148$6,737$6,350$5,986$5,643$5,166
7 years$6,065$5,658$5,277$4,921$4,589$4,132
8 years$5,253$4,850$4,475$4,128$3,807$3,370
9 years$4,622$4,223$3,855$3,516$3,206$2,789
10 years$4,118$3,722$3,361$3,031$2,732$2,334
11 years$3,705$3,313$2,959$2,638$2,349$1,971
12 years$3,362$2,974$2,626$2,314$2,036$1,676
13 years$3,071$2,688$2,346$2,043$1,775$1,434
14 years$2,823$2,443$2,108$1,813$1,556$1,233
15 years$2,607$2,232$1,903$1,617$1,370$1,064
16 years$2,419$2,048$1,725$1,448$1,211$921
17 years$2,253$1,886$1,570$1,301$1,074$800
18 years$2,106$1,742$1,433$1,173$955$697
19 years$1,974$1,615$1,312$1,059$851$608
20 years$1,856$1,501$1,204$960$760$531
21 years$1,749$1,398$1,108$871$680$465
22 years$1,652$1,305$1,021$792$610$408
23 years$1,563$1,220$943$721$547$358
24 years$1,482$1,143$872$658$492$314
25 years$1,408$1,073$807$601$443$276
26 years$1,339$1,008$749$549$399$243
27 years$1,276$949$695$503$360$214
28 years$1,217$894$646$461$324$189
29 years$1,162$844$602$422$293$166
30 years$1,111$797$560$388$265$147
31 years$1,064$753$522$356$239$129
32 years$1,019$713$487$327$216$114
33 years$978$675$455$301$196$101
34 years$939$640$425$277$177$89
35 years$902$607$397$255$161$79
36 years$867$576$372$235$146$69
37 years$834$547$348$216$132$61
38 years$803$520$326$199$120$54
39 years$774$494$305$184$108$48
40 years$746$470$286$170$98$42
41 years$720$448$268$156$89$38
42 years$695$426$252$144$81$33
43 years$671$406$236$133$73$29
44 years$649$387$222$123$67$26
45 years$627$369$208$114$61$23
46 years$607$352$196$105$55$20
47 years$587$336$184$97$50$18
48 years$568$321$173$90$45$16
49 years$550$306$162$83$41$14
50 years$533$293$153$77$37$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $546,000, adding $2,079 every year, while hoping to spend $21,009 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: 77/5/18 Blend
64$546,000$546,000$546,000$546,000
65$603,836$574,898$566,435$647,720
66$643,074$580,715$563,058$682,824
67$685,610$586,113$558,863$718,481
68$731,759$591,048$553,801$757,020
69$781,865$595,477$547,820$798,722
70$836,310$599,349$540,866$843,897
71$895,510$602,614$532,882$892,887
72$959,927$605,217$523,808$946,067
73$1,030,066$607,099$513,583$1,003,853
74$1,106,485$608,199$502,139$1,066,703
75$1,189,796$608,450$489,410$1,135,119
76$1,280,673$607,783$475,324$1,209,658
77$1,379,860$606,122$459,806$1,290,931
78$1,488,174$603,390$442,777$1,379,615
79$1,606,514$599,503$424,157$1,476,452
80$1,735,871$594,371$403,858$1,582,263
81$1,877,335$587,901$381,793$1,697,952
82$2,032,108$579,992$357,868$1,824,514
83$2,201,511$570,539$331,984$1,963,049
84$2,387,000$559,431$304,040$2,114,767
85$2,590,178$546,547$273,930$2,281,001
86$2,812,811$531,763$241,541$2,463,224
87$3,056,843$514,945$206,759$2,663,057
88$3,324,416$495,952$169,460$2,882,286
89$3,617,889$474,636$129,519$3,122,882
90$3,939,858$450,838$86,803$3,387,017
91$4,293,187$424,392$41,174$3,677,083
92$4,681,026$395,121$0$3,995,721
93$5,106,847$362,839$0$4,347,282
94$5,574,475$327,348$0$4,742,061
95$6,088,124$288,440$0$5,175,705
96$6,652,434$245,895$0$5,652,142
97$7,272,518$199,479$0$6,175,696
98$7,954,009$148,948$0$6,751,136
99$8,703,112$94,041$0$7,383,712
100$9,526,665$34,484$0$8,079,212