Can I retire at age 65 with 557,000?

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 $557,000?

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$45,997$45,587$45,187$44,797$44,416$43,395
2 years$22,771$22,346$21,935$21,537$21,150$20,128
3 years$15,030$14,604$14,194$13,799$13,419$12,426
4 years$11,160$10,735$10,329$9,941$9,570$8,615
5 years$8,839$8,417$8,016$7,636$7,275$6,360
6 years$7,292$6,873$6,478$6,107$5,757$4,883
7 years$6,187$5,772$5,383$5,021$4,682$3,849
8 years$5,359$4,947$4,566$4,212$3,884$3,092
9 years$4,715$4,308$3,932$3,587$3,271$2,520
10 years$4,201$3,797$3,428$3,092$2,787$2,076
11 years$3,780$3,380$3,018$2,691$2,397$1,724
12 years$3,429$3,034$2,679$2,361$2,077$1,442
13 years$3,133$2,742$2,393$2,084$1,811$1,212
14 years$2,879$2,492$2,150$1,850$1,588$1,024
15 years$2,660$2,277$1,941$1,650$1,398$868
16 years$2,468$2,089$1,760$1,477$1,236$738
17 years$2,298$1,924$1,602$1,327$1,095$629
18 years$2,148$1,778$1,462$1,196$974$538
19 years$2,014$1,647$1,338$1,081$868$460
20 years$1,893$1,531$1,228$979$775$394
21 years$1,784$1,426$1,130$888$694$339
22 years$1,685$1,331$1,041$808$622$291
23 years$1,595$1,245$962$736$558$250
24 years$1,512$1,166$889$671$502$215
25 years$1,436$1,095$824$613$452$186
26 years$1,366$1,029$764$560$407$160
27 years$1,301$968$709$513$367$138
28 years$1,241$912$659$470$331$119
29 years$1,186$861$614$431$299$103
30 years$1,134$813$572$395$270$89
31 years$1,085$768$533$363$244$77
32 years$1,040$727$497$334$221$66
33 years$998$689$464$307$200$57
34 years$958$653$434$282$181$49
35 years$920$619$406$260$164$43
36 years$885$587$379$239$148$37
37 years$851$558$355$221$135$32
38 years$820$530$332$203$122$28
39 years$790$504$312$187$111$24
40 years$762$480$292$173$100$21
41 years$735$457$274$160$91$18
42 years$709$435$257$147$83$15
43 years$685$414$241$136$75$13
44 years$662$395$226$125$68$12
45 years$640$377$212$116$62$10
46 years$619$359$199$107$56$9
47 years$599$343$187$99$51$7
48 years$580$327$176$91$46$6
49 years$561$313$166$84$42$6
50 years$544$299$156$78$38$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $557,000, adding $3,259 every year, while hoping to spend $43,837 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: 23/47/30 Blend
64$557,000$557,000$557,000$557,000
65$617,176$587,655$579,021$625,496
66$633,485$569,808$551,776$615,211
67$649,989$549,617$522,149$600,336
68$666,661$526,921$490,014$583,495
69$683,471$501,550$455,239$564,553
70$700,382$473,323$417,687$543,371
71$717,355$442,050$377,214$519,799
72$734,343$407,529$333,669$493,681
73$751,295$369,546$286,895$464,849
74$768,150$327,877$236,729$433,126
75$784,842$282,283$183,000$398,325
76$801,293$232,513$125,528$360,248
77$817,420$178,300$64,128$318,683
78$833,124$119,365$0$273,408
79$848,299$55,410$0$224,633
80$862,823$0$0$193,596
81$876,560$0$0$166,727
82$889,359$0$0$168,224
83$901,050$0$0$169,386
84$911,445$0$0$170,162
85$920,332$0$0$170,498
86$927,477$0$0$170,332
87$932,618$0$0$169,595
88$935,466$0$0$168,213
89$935,698$0$0$166,102
90$932,956$0$0$163,169
91$926,840$0$0$159,310
92$916,911$0$0$154,411
93$902,678$0$0$148,347
94$883,599$0$0$140,978
95$859,073$0$0$132,147
96$828,433$0$0$121,685
97$790,943$0$0$109,402
98$745,786$0$0$95,088
99$692,059$0$0$78,511
100$628,764$0$0$59,416