Can I retire at age 65 with 553,000?

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 $553,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.6%
1 years$45,666$45,259$44,863$44,475$44,097$43,083
2 years$22,607$22,186$21,778$21,382$20,999$19,983
3 years$14,922$14,499$14,092$13,700$13,322$12,337
4 years$11,080$10,658$10,255$9,870$9,502$8,553
5 years$8,775$8,356$7,958$7,581$7,223$6,315
6 years$7,239$6,823$6,432$6,063$5,715$4,848
7 years$6,143$5,730$5,345$4,984$4,648$3,822
8 years$5,321$4,912$4,533$4,181$3,856$3,070
9 years$4,681$4,277$3,904$3,562$3,247$2,502
10 years$4,171$3,770$3,404$3,070$2,767$2,061
11 years$3,753$3,356$2,997$2,672$2,380$1,712
12 years$3,405$3,012$2,659$2,344$2,062$1,432
13 years$3,111$2,722$2,376$2,069$1,798$1,204
14 years$2,859$2,474$2,135$1,837$1,576$1,017
15 years$2,641$2,260$1,927$1,638$1,388$862
16 years$2,450$2,074$1,747$1,467$1,227$733
17 years$2,282$1,910$1,590$1,318$1,088$625
18 years$2,133$1,765$1,452$1,188$967$534
19 years$1,999$1,636$1,329$1,073$862$457
20 years$1,879$1,520$1,220$972$770$392
21 years$1,771$1,416$1,122$882$689$336
22 years$1,673$1,322$1,034$802$618$289
23 years$1,583$1,236$955$730$554$248
24 years$1,501$1,158$883$666$498$214
25 years$1,426$1,087$818$608$448$184
26 years$1,356$1,021$758$556$404$159
27 years$1,292$961$704$509$364$137
28 years$1,233$906$655$466$329$118
29 years$1,177$854$609$428$297$102
30 years$1,126$807$567$393$268$88
31 years$1,078$763$529$361$242$76
32 years$1,033$722$494$331$219$66
33 years$990$684$461$305$198$57
34 years$951$648$431$280$180$49
35 years$913$615$403$258$163$42
36 years$878$583$377$238$147$37
37 years$845$554$353$219$134$32
38 years$814$526$330$202$121$27
39 years$784$501$309$186$110$24
40 years$756$476$290$172$100$20
41 years$729$453$272$158$90$18
42 years$704$432$255$146$82$15
43 years$680$411$239$135$74$13
44 years$657$392$225$125$68$11
45 years$635$374$211$115$61$10
46 years$614$357$198$106$56$9
47 years$594$340$186$98$51$7
48 years$575$325$175$91$46$6
49 years$557$310$164$84$42$6
50 years$540$296$155$78$38$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $553,000, adding $3,934 every year, while hoping to spend $44,567 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: 29/43/28 Blend
64$553,000$553,000$553,000$553,000
65$613,464$584,155$575,583$625,864
66$628,618$565,360$547,447$617,177
67$643,825$544,150$516,873$603,712
68$659,041$520,359$483,735$588,347
69$674,221$493,814$447,898$570,949
70$689,310$464,329$409,220$551,377
71$704,246$431,708$367,556$529,481
72$718,962$395,745$322,752$505,101
73$733,380$356,220$274,648$478,068
74$747,412$312,902$223,076$448,201
75$760,961$265,548$167,863$415,308
76$773,918$213,899$108,825$379,185
77$786,160$157,682$45,772$339,616
78$797,549$96,609$0$296,368
79$807,933$30,376$0$255,625
80$817,140$0$0$225,707
81$824,981$0$0$212,271
82$831,243$0$0$212,653
83$835,690$0$0$212,405
84$838,061$0$0$211,441
85$838,062$0$0$209,665
86$835,372$0$0$206,973
87$829,629$0$0$203,248
88$820,435$0$0$198,361
89$807,349$0$0$192,168
90$789,880$0$0$184,511
91$767,484$0$0$175,214
92$739,561$0$0$164,084
93$705,444$0$0$150,904
94$664,396$0$0$135,438
95$615,601$0$0$117,422
96$558,158$0$0$96,566
97$491,069$0$0$72,549
98$413,229$0$0$45,015
99$323,420$0$0$13,572
100$220,294$0$0$0