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%12%
1 years$45,501$45,096$44,700$44,314$43,938$43,569
2 years$22,525$22,106$21,699$21,305$20,923$20,552
3 years$14,868$14,446$14,041$13,650$13,274$12,912
4 years$11,040$10,620$10,218$9,834$9,467$9,116
5 years$8,743$8,326$7,930$7,554$7,197$6,858
6 years$7,213$6,799$6,408$6,041$5,695$5,369
7 years$6,120$5,710$5,325$4,966$4,631$4,318
8 years$5,301$4,894$4,516$4,166$3,842$3,542
9 years$4,665$4,261$3,890$3,549$3,236$2,949
10 years$4,155$3,756$3,391$3,059$2,757$2,483
11 years$3,739$3,344$2,986$2,662$2,371$2,109
12 years$3,393$3,001$2,650$2,335$2,055$1,805
13 years$3,099$2,712$2,367$2,062$1,792$1,554
14 years$2,848$2,465$2,127$1,830$1,571$1,345
15 years$2,631$2,252$1,920$1,632$1,383$1,169
16 years$2,441$2,066$1,741$1,461$1,222$1,019
17 years$2,274$1,903$1,584$1,313$1,084$891
18 years$2,125$1,758$1,446$1,183$964$782
19 years$1,992$1,630$1,324$1,069$859$687
20 years$1,873$1,514$1,215$968$767$605
21 years$1,765$1,411$1,118$879$686$533
22 years$1,667$1,317$1,030$799$615$471
23 years$1,577$1,232$951$728$552$417
24 years$1,496$1,154$880$664$496$369
25 years$1,421$1,083$815$606$447$327
26 years$1,351$1,018$756$554$402$290
27 years$1,287$958$702$507$363$257
28 years$1,228$903$652$465$327$228
29 years$1,173$851$607$426$296$203
30 years$1,122$804$565$391$267$181
31 years$1,074$760$527$359$241$161
32 years$1,029$719$492$330$218$143
33 years$987$681$459$304$198$127
34 years$947$646$429$279$179$113
35 years$910$612$401$257$162$101
36 years$875$581$375$237$147$90
37 years$842$552$351$218$133$80
38 years$811$525$329$201$121$71
39 years$781$499$308$185$109$64
40 years$753$475$289$171$99$57
41 years$727$452$271$158$90$51
42 years$702$430$254$146$82$45
43 years$678$410$238$134$74$40
44 years$655$391$224$124$67$36
45 years$633$373$210$115$61$32
46 years$612$355$197$106$55$29
47 years$592$339$185$98$50$26
48 years$573$324$174$90$46$23
49 years$555$309$164$84$42$20
50 years$538$295$154$77$38$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $551,000, adding $3,477 every year, while hoping to spend $49,395 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: 83/7/10 Blend
64$551,000$551,000$551,000$551,000
65$610,789$581,586$573,045$660,266
66$620,533$557,527$539,686$669,098
67$629,616$530,635$503,554$671,849
68$637,918$500,717$464,504$673,365
69$645,305$467,571$422,385$673,496
70$651,629$430,985$377,037$672,073
71$656,723$390,732$328,296$668,911
72$660,404$346,573$275,989$663,806
73$662,466$298,256$219,936$656,534
74$662,682$245,514$159,948$646,846
75$660,798$188,067$95,829$634,472
76$656,533$125,616$27,373$619,111
77$649,576$57,848$0$600,432
78$639,581$0$0$582,947
79$626,164$0$0$566,015
80$608,901$0$0$550,013
81$587,321$0$0$530,057
82$560,904$0$0$505,670
83$529,074$0$0$476,324
84$491,192$0$0$441,435
85$446,553$0$0$400,359
86$394,376$0$0$352,380
87$333,799$0$0$296,710
88$263,868$0$0$232,476
89$183,528$0$0$158,713
90$91,615$0$0$74,355
91$0$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0