Can I retire at age 65 with 551,000?

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 $551,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.5%
1 years$45,501$45,096$44,700$44,314$43,938$42,771
2 years$22,525$22,106$21,699$21,305$20,923$19,756
3 years$14,868$14,446$14,041$13,650$13,274$12,143
4 years$11,040$10,620$10,218$9,834$9,467$8,381
5 years$8,743$8,326$7,930$7,554$7,197$6,158
6 years$7,213$6,799$6,408$6,041$5,695$4,705
7 years$6,120$5,710$5,325$4,966$4,631$3,690
8 years$5,301$4,894$4,516$4,166$3,842$2,949
9 years$4,665$4,261$3,890$3,549$3,236$2,390
10 years$4,155$3,756$3,391$3,059$2,757$1,957
11 years$3,739$3,344$2,986$2,662$2,371$1,617
12 years$3,393$3,001$2,650$2,335$2,055$1,344
13 years$3,099$2,712$2,367$2,062$1,792$1,123
14 years$2,848$2,465$2,127$1,830$1,571$943
15 years$2,631$2,252$1,920$1,632$1,383$794
16 years$2,441$2,066$1,741$1,461$1,222$671
17 years$2,274$1,903$1,584$1,313$1,084$569
18 years$2,125$1,758$1,446$1,183$964$482
19 years$1,992$1,630$1,324$1,069$859$410
20 years$1,873$1,514$1,215$968$767$349
21 years$1,765$1,411$1,118$879$686$298
22 years$1,667$1,317$1,030$799$615$254
23 years$1,577$1,232$951$728$552$217
24 years$1,496$1,154$880$664$496$185
25 years$1,421$1,083$815$606$447$159
26 years$1,351$1,018$756$554$402$136
27 years$1,287$958$702$507$363$116
28 years$1,228$903$652$465$327$99
29 years$1,173$851$607$426$296$85
30 years$1,122$804$565$391$267$73
31 years$1,074$760$527$359$241$63
32 years$1,029$719$492$330$218$54
33 years$987$681$459$304$198$46
34 years$947$646$429$279$179$39
35 years$910$612$401$257$162$34
36 years$875$581$375$237$147$29
37 years$842$552$351$218$133$25
38 years$811$525$329$201$121$21
39 years$781$499$308$185$109$18
40 years$753$475$289$171$99$16
41 years$727$452$271$158$90$13
42 years$702$430$254$146$82$12
43 years$678$410$238$134$74$10
44 years$655$391$224$124$67$9
45 years$633$373$210$115$61$7
46 years$612$355$197$106$55$6
47 years$592$339$185$98$50$5
48 years$573$324$174$90$46$5
49 years$555$309$164$84$42$4
50 years$538$295$154$77$38$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $551,000, adding $2,902 every year, while hoping to spend $40,103 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: 72/14/14 Blend
64$551,000$551,000$551,000$551,000
65$610,195$580,992$572,452$652,052
66$629,766$566,792$548,960$665,976
67$649,989$550,551$523,337$676,043
68$670,888$532,128$495,469$686,006
69$692,489$511,373$465,237$695,844
70$714,817$488,125$432,517$705,537
71$737,902$462,217$397,180$715,065
72$761,772$433,469$359,089$724,404
73$786,458$401,694$318,104$733,532
74$811,991$366,692$274,075$742,422
75$838,407$328,252$226,849$751,049
76$865,740$286,152$176,264$759,385
77$894,028$240,156$122,151$767,401
78$923,310$190,016$64,335$775,067
79$953,630$135,468$2,633$782,351
80$985,031$76,237$0$789,220
81$1,017,560$12,028$0$805,083
82$1,051,266$0$0$821,493
83$1,086,203$0$0$846,904
84$1,122,426$0$0$875,175
85$1,159,995$0$0$904,498
86$1,198,973$0$0$934,924
87$1,239,428$0$0$966,506
88$1,281,431$0$0$999,301
89$1,325,059$0$0$1,033,368
90$1,370,394$0$0$1,068,772
91$1,417,524$0$0$1,105,582
92$1,466,543$0$0$1,143,873
93$1,517,551$0$0$1,183,723
94$1,570,657$0$0$1,225,218
95$1,625,976$0$0$1,268,449
96$1,683,635$0$0$1,313,515
97$1,743,766$0$0$1,360,522
98$1,806,516$0$0$1,409,584
99$1,872,039$0$0$1,460,824
100$1,940,506$0$0$1,514,376