Can I retire at age 65 with 556,000?

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 $556,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.4%
1 years$45,914$45,505$45,106$44,717$44,336$43,891
2 years$22,730$22,306$21,896$21,498$21,112$20,665
3 years$15,003$14,577$14,168$13,774$13,395$12,957
4 years$11,140$10,716$10,311$9,924$9,553$9,130
5 years$8,823$8,401$8,002$7,622$7,262$6,854
6 years$7,279$6,860$6,467$6,096$5,746$5,354
7 years$6,176$5,761$5,374$5,011$4,673$4,297
8 years$5,349$4,939$4,557$4,204$3,877$3,517
9 years$4,707$4,300$3,925$3,581$3,265$2,921
10 years$4,193$3,790$3,422$3,087$2,782$2,453
11 years$3,773$3,374$3,013$2,686$2,393$2,079
12 years$3,423$3,028$2,674$2,356$2,073$1,775
13 years$3,128$2,737$2,389$2,080$1,808$1,524
14 years$2,874$2,488$2,146$1,847$1,585$1,316
15 years$2,655$2,273$1,938$1,647$1,395$1,140
16 years$2,463$2,085$1,757$1,475$1,233$991
17 years$2,294$1,920$1,599$1,325$1,094$865
18 years$2,144$1,774$1,459$1,194$972$756
19 years$2,010$1,644$1,336$1,079$867$662
20 years$1,890$1,528$1,226$977$774$582
21 years$1,781$1,423$1,128$887$693$511
22 years$1,682$1,329$1,039$806$621$450
23 years$1,592$1,243$960$734$557$397
24 years$1,509$1,164$888$670$501$350
25 years$1,433$1,093$822$612$451$310
26 years$1,364$1,027$762$559$406$274
27 years$1,299$966$708$512$366$242
28 years$1,239$911$658$469$330$214
29 years$1,184$859$613$430$298$190
30 years$1,132$811$571$395$270$168
31 years$1,083$767$532$363$244$149
32 years$1,038$726$496$333$220$132
33 years$996$687$463$306$199$117
34 years$956$651$433$282$181$104
35 years$918$618$405$260$164$93
36 years$883$586$379$239$148$82
37 years$850$557$354$220$134$73
38 years$818$529$332$203$122$65
39 years$788$503$311$187$110$58
40 years$760$479$291$173$100$51
41 years$733$456$273$159$91$45
42 years$708$434$256$147$82$40
43 years$684$414$241$136$75$36
44 years$661$394$226$125$68$32
45 years$639$376$212$116$62$28
46 years$618$359$199$107$56$25
47 years$598$342$187$99$51$22
48 years$579$327$176$91$46$20
49 years$560$312$165$84$42$18
50 years$543$298$155$78$38$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $556,000, adding $4,235 every year, while hoping to spend $20,636 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: 60/30/10 Blend
64$556,000$556,000$556,000$556,000
65$617,080$587,612$578,994$652,428
66$658,066$594,449$576,434$683,501
67$702,541$600,929$573,097$714,657
68$750,838$607,013$568,934$748,132
69$803,326$612,659$563,895$784,151
70$860,409$617,822$557,929$822,963
71$922,531$622,456$550,981$864,840
72$990,182$626,509$542,991$910,085
73$1,063,900$629,928$533,901$959,030
74$1,144,279$632,655$523,647$1,012,043
75$1,231,969$634,629$512,163$1,069,528
76$1,327,690$635,786$499,381$1,131,934
77$1,432,230$636,056$485,226$1,199,753
78$1,546,462$635,366$469,625$1,273,531
79$1,671,341$633,639$452,498$1,353,867
80$1,807,923$630,793$433,762$1,441,425
81$1,957,369$626,739$413,330$1,536,935
82$2,120,957$621,386$391,113$1,641,206
83$2,300,094$614,634$367,016$1,755,127
84$2,496,332$606,379$340,939$1,879,679
85$2,711,378$596,511$312,780$2,015,948
86$2,947,111$584,913$282,431$2,165,127
87$3,205,603$571,461$249,779$2,328,536
88$3,489,135$556,023$214,707$2,507,629
89$3,800,219$538,460$177,092$2,704,012
90$4,141,622$518,625$136,805$2,919,453
91$4,516,392$496,362$93,712$3,155,907
92$4,927,886$471,506$47,675$3,415,526
93$5,379,805$443,884$0$3,700,687
94$5,876,220$413,310$0$4,014,165
95$6,421,622$379,590$0$4,364,133
96$7,020,955$342,517$0$4,748,704
97$7,679,667$301,874$0$5,171,412
98$8,403,758$257,431$0$5,636,150
99$9,199,840$208,944$0$6,147,216
100$10,075,198$156,157$0$6,709,344