Can I retire at age 65 with 550,000?

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 $550,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.4%
1 years$45,418$45,014$44,619$44,234$43,858$43,600
2 years$22,484$22,066$21,660$21,266$20,885$20,624
3 years$14,841$14,420$14,015$13,626$13,250$12,995
4 years$11,020$10,600$10,200$9,816$9,450$9,203
5 years$8,728$8,311$7,915$7,540$7,184$6,945
6 years$7,200$6,786$6,397$6,030$5,684$5,455
7 years$6,109$5,699$5,316$4,957$4,623$4,402
8 years$5,292$4,885$4,508$4,159$3,835$3,623
9 years$4,656$4,254$3,883$3,542$3,230$3,027
10 years$4,148$3,749$3,385$3,053$2,752$2,558
11 years$3,732$3,338$2,980$2,657$2,367$2,181
12 years$3,386$2,996$2,645$2,331$2,051$1,874
13 years$3,094$2,707$2,363$2,058$1,788$1,619
14 years$2,843$2,461$2,123$1,827$1,568$1,407
15 years$2,626$2,248$1,917$1,629$1,380$1,227
16 years$2,437$2,063$1,738$1,459$1,220$1,075
17 years$2,270$1,900$1,582$1,311$1,082$944
18 years$2,121$1,755$1,444$1,181$962$831
19 years$1,989$1,627$1,322$1,067$857$733
20 years$1,869$1,512$1,213$967$766$649
21 years$1,762$1,408$1,116$877$685$575
22 years$1,664$1,314$1,028$798$614$510
23 years$1,575$1,229$949$726$551$453
24 years$1,493$1,152$878$663$496$403
25 years$1,418$1,081$813$605$446$359
26 years$1,349$1,016$754$553$402$319
27 years$1,285$956$700$506$362$285
28 years$1,226$901$651$464$327$254
29 years$1,171$850$606$425$295$227
30 years$1,120$803$564$390$267$203
31 years$1,072$759$526$359$241$181
32 years$1,027$718$491$330$218$162
33 years$985$680$458$303$197$145
34 years$946$644$428$279$179$130
35 years$908$611$400$257$162$116
36 years$874$580$375$236$147$104
37 years$841$551$351$218$133$93
38 years$809$524$328$201$120$84
39 years$780$498$308$185$109$75
40 years$752$474$288$171$99$67
41 years$725$451$270$158$90$60
42 years$700$429$254$145$82$54
43 years$676$409$238$134$74$48
44 years$653$390$223$124$67$43
45 years$632$372$210$114$61$39
46 years$611$355$197$106$55$35
47 years$591$339$185$98$50$31
48 years$572$323$174$90$46$28
49 years$554$309$163$83$41$25
50 years$537$295$154$77$38$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $550,000, adding $5,825 every year, while hoping to spend $34,410 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: 46/24/30 Blend
64$550,000$550,000$550,000$550,000
65$612,108$582,958$574,433$634,746
66$637,932$574,911$557,065$643,354
67$665,235$565,317$537,961$648,936
68$694,135$554,063$517,028$654,343
69$724,754$541,030$494,167$659,580
70$757,232$526,092$469,274$664,652
71$791,716$509,118$442,241$669,567
72$828,371$489,965$412,956$674,339
73$867,376$468,484$381,301$678,984
74$908,926$444,517$347,153$683,524
75$953,236$417,899$310,382$687,985
76$1,000,542$388,451$270,855$692,401
77$1,051,100$355,988$228,432$696,811
78$1,105,192$320,312$182,965$701,265
79$1,163,129$281,214$134,301$705,818
80$1,225,249$238,475$82,281$710,538
81$1,291,926$191,861$26,739$715,503
82$1,363,567$141,127$0$720,806
83$1,440,621$86,012$0$736,965
84$1,523,581$26,243$0$763,500
85$1,612,987$0$0$792,043
86$1,709,433$0$0$832,978
87$1,813,573$0$0$884,711
88$1,926,122$0$0$940,674
89$2,047,871$0$0$1,001,265
90$2,179,683$0$0$1,066,923
91$2,322,514$0$0$1,138,130
92$2,477,408$0$0$1,215,414
93$2,645,519$0$0$1,299,359
94$2,828,113$0$0$1,390,606
95$3,026,583$0$0$1,489,859
96$3,242,461$0$0$1,597,895
97$3,477,436$0$0$1,715,566
98$3,733,361$0$0$1,843,812
99$4,012,280$0$0$1,983,668
100$4,316,438$0$0$2,136,269