Can I retire at age 65 with 558,000?

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 $558,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.5%
1 years$46,079$45,669$45,268$44,877$44,496$44,215
2 years$22,811$22,387$21,975$21,576$21,188$20,906
3 years$15,057$14,630$14,219$13,824$13,443$13,166
4 years$11,180$10,755$10,348$9,959$9,588$9,319
5 years$8,854$8,432$8,030$7,650$7,288$7,029
6 years$7,305$6,885$6,490$6,117$5,767$5,518
7 years$6,198$5,782$5,393$5,030$4,690$4,450
8 years$5,369$4,956$4,574$4,219$3,891$3,661
9 years$4,724$4,315$3,939$3,594$3,277$3,056
10 years$4,208$3,804$3,434$3,098$2,792$2,581
11 years$3,787$3,386$3,024$2,696$2,401$2,200
12 years$3,436$3,039$2,683$2,365$2,081$1,889
13 years$3,139$2,747$2,397$2,088$1,814$1,631
14 years$2,885$2,497$2,154$1,853$1,591$1,416
15 years$2,665$2,281$1,945$1,653$1,400$1,235
16 years$2,472$2,093$1,763$1,480$1,238$1,080
17 years$2,303$1,927$1,605$1,330$1,097$948
18 years$2,152$1,781$1,465$1,198$976$834
19 years$2,017$1,650$1,341$1,083$870$736
20 years$1,896$1,534$1,231$981$777$650
21 years$1,787$1,429$1,132$890$695$576
22 years$1,688$1,333$1,043$809$623$510
23 years$1,597$1,247$963$737$559$453
24 years$1,515$1,169$891$672$503$402
25 years$1,439$1,097$825$614$452$358
26 years$1,369$1,031$765$561$408$319
27 years$1,304$970$711$514$367$284
28 years$1,244$914$661$471$332$253
29 years$1,188$862$615$432$299$226
30 years$1,136$814$573$396$271$202
31 years$1,087$770$534$364$245$180
32 years$1,042$728$498$334$221$161
33 years$999$690$465$307$200$144
34 years$959$654$435$283$181$129
35 years$922$620$406$260$164$115
36 years$886$589$380$240$149$103
37 years$853$559$356$221$135$92
38 years$821$531$333$204$122$83
39 years$791$505$312$188$111$74
40 years$763$481$293$173$101$66
41 years$736$457$274$160$91$59
42 years$710$436$257$148$83$53
43 years$686$415$241$136$75$48
44 years$663$396$227$126$68$43
45 years$641$377$213$116$62$38
46 years$620$360$200$107$56$34
47 years$600$344$188$99$51$31
48 years$581$328$176$92$46$28
49 years$562$313$166$85$42$25
50 years$545$299$156$78$38$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $558,000, adding $2,333 every year, while hoping to spend $40,204 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: 49/42/9 Blend
64$558,000$558,000$558,000$558,000
65$617,322$587,748$579,099$645,980
66$637,513$573,771$555,723$651,874
67$658,415$557,762$530,215$653,834
68$680,059$539,578$502,463$655,031
69$702,477$519,070$472,348$655,405
70$725,703$496,077$439,745$654,893
71$749,773$470,433$404,524$653,428
72$774,724$441,959$366,550$650,939
73$800,597$410,466$325,681$647,353
74$827,435$375,756$281,768$642,591
75$855,284$337,618$234,658$636,571
76$884,192$295,831$184,188$629,207
77$914,211$250,158$130,190$620,406
78$945,396$200,352$72,487$610,075
79$977,808$146,150$10,897$598,111
80$1,011,509$87,276$0$584,410
81$1,046,567$23,437$0$574,127
82$1,083,056$0$0$563,339
83$1,121,053$0$0$572,007
84$1,160,643$0$0$592,334
85$1,201,917$0$0$613,538
86$1,244,971$0$0$635,669
87$1,289,911$0$0$658,783
88$1,336,851$0$0$682,941
89$1,385,912$0$0$708,206
90$1,437,228$0$0$734,651
91$1,490,942$0$0$762,351
92$1,547,209$0$0$791,388
93$1,606,197$0$0$821,852
94$1,668,089$0$0$853,840
95$1,733,082$0$0$887,458
96$1,801,393$0$0$922,821
97$1,873,254$0$0$960,053
98$1,948,922$0$0$999,290
99$2,028,672$0$0$1,040,682
100$2,112,807$0$0$1,084,388