Can I retire at age 65 with 548,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $548,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.8%
1 years$45,253$44,850$44,457$44,073$43,698$43,188
2 years$22,403$21,985$21,581$21,189$20,809$20,295
3 years$14,787$14,368$13,964$13,576$13,202$12,701
4 years$10,980$10,562$10,162$9,781$9,416$8,931
5 years$8,696$8,281$7,887$7,513$7,158$6,691
6 years$7,174$6,762$6,373$6,008$5,664$5,215
7 years$6,087$5,678$5,296$4,939$4,606$4,177
8 years$5,272$4,867$4,492$4,144$3,821$3,410
9 years$4,639$4,238$3,869$3,529$3,218$2,825
10 years$4,133$3,736$3,373$3,042$2,742$2,368
11 years$3,719$3,326$2,969$2,648$2,358$2,002
12 years$3,374$2,985$2,635$2,322$2,043$1,704
13 years$3,083$2,697$2,354$2,050$1,782$1,460
14 years$2,833$2,452$2,115$1,820$1,562$1,257
15 years$2,617$2,240$1,910$1,623$1,375$1,086
16 years$2,428$2,055$1,732$1,453$1,216$942
17 years$2,261$1,893$1,576$1,306$1,078$819
18 years$2,113$1,749$1,438$1,177$958$714
19 years$1,981$1,621$1,317$1,063$854$624
20 years$1,862$1,506$1,209$963$763$546
21 years$1,755$1,403$1,112$874$683$479
22 years$1,658$1,310$1,025$795$612$420
23 years$1,569$1,225$946$724$549$369
24 years$1,488$1,148$875$660$494$325
25 years$1,413$1,077$810$603$444$286
26 years$1,344$1,012$752$551$400$252
27 years$1,280$953$698$505$361$223
28 years$1,221$898$649$462$326$196
29 years$1,167$847$604$424$294$173
30 years$1,115$800$562$389$266$153
31 years$1,068$756$524$357$240$135
32 years$1,023$715$489$328$217$120
33 years$981$677$457$302$197$106
34 years$942$642$427$278$178$94
35 years$905$609$399$256$161$83
36 years$870$578$373$236$146$73
37 years$837$549$349$217$132$65
38 years$806$522$327$200$120$57
39 years$777$496$306$184$109$51
40 years$749$472$287$170$99$45
41 years$723$449$269$157$90$40
42 years$698$428$253$145$81$35
43 years$674$408$237$134$74$31
44 years$651$389$223$123$67$28
45 years$629$371$209$114$61$25
46 years$609$354$196$105$55$22
47 years$589$337$184$97$50$19
48 years$570$322$173$90$46$17
49 years$552$308$163$83$41$15
50 years$535$294$153$77$38$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $548,000, adding $3,753 every year, while hoping to spend $43,289 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: 73/21/6 Blend
64$548,000$548,000$548,000$548,000
65$607,767$578,723$570,229$651,435
66$623,700$561,021$543,273$663,014
67$639,808$541,002$513,962$669,870
68$656,062$518,504$482,173$676,148
69$672,429$493,360$447,776$681,777
70$688,875$465,392$410,634$686,681
71$705,355$434,412$370,605$690,774
72$721,822$400,218$327,541$693,965
73$738,220$362,602$281,287$696,154
74$754,489$321,340$231,680$697,232
75$770,558$276,197$178,552$697,081
76$786,348$226,923$121,727$695,572
77$801,770$173,257$61,019$692,563
78$816,724$114,920$0$687,902
79$831,099$51,620$0$681,663
80$844,769$0$0$677,608
81$857,593$0$0$675,558
82$869,415$0$0$684,616
83$880,059$0$0$692,713
84$889,332$0$0$699,692
85$897,014$0$0$705,376
86$902,865$0$0$709,572
87$906,615$0$0$712,061
88$907,964$0$0$712,602
89$906,580$0$0$710,928
90$902,095$0$0$706,740
91$894,098$0$0$699,710
92$882,135$0$0$689,470
93$865,702$0$0$675,615
94$844,241$0$0$657,695
95$817,133$0$0$635,212
96$783,694$0$0$607,614
97$743,166$0$0$574,291
98$694,708$0$0$534,567
99$637,395$0$0$487,695
100$570,197$0$0$432,848