Can I retire at age 65 with 547,000?

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 $547,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.1%
1 years$45,171$44,768$44,376$43,993$43,619$42,703
2 years$22,362$21,945$21,542$21,150$20,771$19,853
3 years$14,760$14,341$13,939$13,551$13,178$12,286
4 years$10,959$10,543$10,144$9,763$9,399$8,539
5 years$8,680$8,265$7,872$7,499$7,145$6,321
6 years$7,161$6,749$6,362$5,997$5,653$4,866
7 years$6,076$5,668$5,287$4,930$4,598$3,847
8 years$5,263$4,859$4,484$4,136$3,814$3,100
9 years$4,631$4,230$3,862$3,523$3,212$2,533
10 years$4,125$3,729$3,367$3,037$2,737$2,093
11 years$3,712$3,320$2,964$2,643$2,354$1,744
12 years$3,368$2,979$2,630$2,318$2,040$1,463
13 years$3,077$2,693$2,350$2,047$1,779$1,235
14 years$2,828$2,447$2,112$1,817$1,559$1,046
15 years$2,612$2,236$1,907$1,620$1,373$890
16 years$2,423$2,051$1,729$1,451$1,213$760
17 years$2,257$1,889$1,573$1,303$1,076$650
18 years$2,110$1,746$1,436$1,175$957$557
19 years$1,978$1,618$1,314$1,061$853$479
20 years$1,859$1,503$1,206$961$762$412
21 years$1,752$1,400$1,110$872$682$355
22 years$1,655$1,307$1,023$793$611$306
23 years$1,566$1,223$944$722$548$264
24 years$1,485$1,145$873$659$493$228
25 years$1,410$1,075$809$602$444$198
26 years$1,342$1,010$750$550$400$171
27 years$1,278$951$697$504$360$148
28 years$1,219$896$648$461$325$128
29 years$1,164$845$603$423$293$111
30 years$1,113$798$561$388$265$96
31 years$1,066$755$523$357$240$84
32 years$1,021$714$488$328$217$72
33 years$980$676$456$301$196$63
34 years$940$641$426$277$178$55
35 years$904$608$398$255$161$47
36 years$869$577$373$235$146$41
37 years$836$548$349$217$132$36
38 years$805$521$327$200$120$31
39 years$776$495$306$184$109$27
40 years$748$471$287$170$99$23
41 years$721$448$269$157$89$20
42 years$696$427$252$145$81$18
43 years$673$407$237$133$74$15
44 years$650$388$222$123$67$13
45 years$628$370$209$114$61$12
46 years$608$353$196$105$55$10
47 years$588$337$184$97$50$9
48 years$569$321$173$90$45$8
49 years$551$307$163$83$41$7
50 years$534$293$153$77$37$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $547,000, adding $4,159 every year, while hoping to spend $44,031 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: 44/33/23 Blend
64$547,000$547,000$547,000$547,000
65$607,084$578,093$569,615$629,587
66$622,158$559,571$541,848$627,400
67$637,294$538,666$511,675$620,431
68$652,451$515,214$478,970$611,993
69$667,584$489,042$443,599$601,971
70$682,641$459,969$405,423$590,244
71$697,564$427,800$364,298$576,683
72$712,285$392,332$320,071$561,149
73$726,730$353,349$272,586$543,493
74$740,815$310,621$221,676$523,556
75$754,446$263,909$167,169$501,168
76$767,516$212,957$108,886$476,147
77$779,906$157,496$46,638$448,298
78$791,485$97,242$0$417,411
79$802,104$31,894$0$388,119
80$811,597$0$0$367,855
81$819,781$0$0$359,068
82$826,449$0$0$361,090
83$831,374$0$0$362,230
84$834,300$0$0$362,361
85$834,946$0$0$361,346
86$832,998$0$0$359,031
87$828,107$0$0$355,246
88$819,887$0$0$349,802
89$807,908$0$0$342,490
90$791,697$0$0$333,077
91$770,725$0$0$321,308
92$744,409$0$0$306,898
93$712,104$0$0$289,531
94$673,095$0$0$268,860
95$626,590$0$0$244,499
96$571,713$0$0$216,022
97$507,498$0$0$182,958
98$432,873$0$0$144,785
99$346,655$0$0$100,929
100$247,536$0$0$50,753