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%11.3%
1 years$45,088$44,687$44,295$43,912$43,539$43,301
2 years$22,321$21,905$21,502$21,112$20,733$20,493
3 years$14,733$14,315$13,913$13,526$13,154$12,919
4 years$10,939$10,523$10,125$9,745$9,381$9,153
5 years$8,664$8,250$7,858$7,485$7,132$6,911
6 years$7,148$6,737$6,350$5,986$5,643$5,431
7 years$6,065$5,658$5,277$4,921$4,589$4,385
8 years$5,253$4,850$4,475$4,128$3,807$3,611
9 years$4,622$4,223$3,855$3,516$3,206$3,019
10 years$4,118$3,722$3,361$3,031$2,732$2,552
11 years$3,705$3,313$2,959$2,638$2,349$2,178
12 years$3,362$2,974$2,626$2,314$2,036$1,872
13 years$3,071$2,688$2,346$2,043$1,775$1,619
14 years$2,823$2,443$2,108$1,813$1,556$1,407
15 years$2,607$2,232$1,903$1,617$1,370$1,229
16 years$2,419$2,048$1,725$1,448$1,211$1,076
17 years$2,253$1,886$1,570$1,301$1,074$946
18 years$2,106$1,742$1,433$1,173$955$834
19 years$1,974$1,615$1,312$1,059$851$736
20 years$1,856$1,501$1,204$960$760$652
21 years$1,749$1,398$1,108$871$680$578
22 years$1,652$1,305$1,021$792$610$513
23 years$1,563$1,220$943$721$547$456
24 years$1,482$1,143$872$658$492$406
25 years$1,408$1,073$807$601$443$362
26 years$1,339$1,008$749$549$399$322
27 years$1,276$949$695$503$360$288
28 years$1,217$894$646$461$324$257
29 years$1,162$844$602$422$293$230
30 years$1,111$797$560$388$265$205
31 years$1,064$753$522$356$239$184
32 years$1,019$713$487$327$216$164
33 years$978$675$455$301$196$147
34 years$939$640$425$277$177$132
35 years$902$607$397$255$161$118
36 years$867$576$372$235$146$106
37 years$834$547$348$216$132$95
38 years$803$520$326$199$120$85
39 years$774$494$305$184$108$76
40 years$746$470$286$170$98$69
41 years$720$448$268$156$89$61
42 years$695$426$252$144$81$55
43 years$671$406$236$133$73$50
44 years$649$387$222$123$67$44
45 years$627$369$208$114$61$40
46 years$607$352$196$105$55$36
47 years$587$336$184$97$50$32
48 years$568$321$173$90$45$29
49 years$550$306$162$83$41$26
50 years$533$293$153$77$37$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $546,000, adding $4,395 every year, while hoping to spend $32,673 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: 39/45/16 Blend
64$546,000$546,000$546,000$546,000
65$606,225$577,287$568,824$626,808
66$633,297$570,811$553,116$635,428
67$662,034$562,922$535,787$641,263
68$692,573$553,516$516,747$646,876
69$725,062$542,485$495,905$652,263
70$759,663$529,711$473,162$657,424
71$796,553$515,072$448,418$662,360
72$835,928$498,437$421,566$667,076
73$878,000$479,667$392,496$671,579
74$923,002$458,618$361,091$675,882
75$971,192$435,133$327,230$680,002
76$1,022,849$409,050$290,788$683,962
77$1,078,281$380,196$251,632$687,790
78$1,137,828$348,387$209,623$691,524
79$1,201,860$313,431$164,619$695,208
80$1,270,784$275,124$116,468$698,894
81$1,345,047$233,249$65,013$702,649
82$1,425,142$187,578$10,092$706,549
83$1,511,608$137,871$0$710,683
84$1,605,039$83,873$0$723,441
85$1,706,085$25,315$0$739,039
86$1,815,464$0$0$755,926
87$1,933,963$0$0$793,158
88$2,062,450$0$0$847,181
89$2,201,875$0$0$905,868
90$2,353,286$0$0$969,667
91$2,517,837$0$0$1,039,073
92$2,696,794$0$0$1,114,630
93$2,891,552$0$0$1,196,934
94$3,103,646$0$0$1,286,645
95$3,334,763$0$0$1,384,486
96$3,586,762$0$0$1,491,256
97$3,861,689$0$0$1,607,831
98$4,161,794$0$0$1,735,177
99$4,489,556$0$0$1,874,357
100$4,847,702$0$0$2,026,544