Can I retire at age 65 with 559,000?

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 $559,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.9%
1 years$46,162$45,751$45,349$44,958$44,575$43,855
2 years$22,852$22,427$22,014$21,614$21,226$20,503
3 years$15,084$14,656$14,245$13,849$13,467$12,762
4 years$11,200$10,774$10,366$9,977$9,605$8,925
5 years$8,870$8,447$8,045$7,663$7,301$6,648
6 years$7,318$6,897$6,501$6,128$5,777$5,151
7 years$6,209$5,792$5,403$5,039$4,698$4,100
8 years$5,378$4,965$4,582$4,227$3,898$3,326
9 years$4,732$4,323$3,946$3,600$3,283$2,738
10 years$4,216$3,811$3,441$3,103$2,797$2,279
11 years$3,793$3,392$3,029$2,701$2,405$1,914
12 years$3,442$3,045$2,688$2,369$2,084$1,618
13 years$3,144$2,752$2,402$2,092$1,818$1,376
14 years$2,890$2,501$2,158$1,857$1,593$1,176
15 years$2,669$2,285$1,948$1,656$1,403$1,008
16 years$2,477$2,096$1,766$1,483$1,240$868
17 years$2,307$1,931$1,607$1,332$1,099$749
18 years$2,156$1,784$1,467$1,200$978$648
19 years$2,021$1,653$1,343$1,085$871$562
20 years$1,900$1,536$1,233$982$778$487
21 years$1,790$1,431$1,134$892$696$424
22 years$1,691$1,336$1,045$811$624$369
23 years$1,600$1,249$965$738$560$322
24 years$1,517$1,171$892$673$504$281
25 years$1,441$1,099$827$615$453$245
26 years$1,371$1,032$767$562$408$214
27 years$1,306$972$712$515$368$187
28 years$1,246$916$662$472$332$164
29 years$1,190$864$616$432$300$143
30 years$1,138$816$574$397$271$125
31 years$1,089$771$535$364$245$110
32 years$1,044$730$499$335$222$96
33 years$1,001$691$466$308$201$84
34 years$961$655$435$283$182$74
35 years$923$621$407$261$164$65
36 years$888$590$381$240$149$57
37 years$854$560$356$221$135$50
38 years$823$532$334$204$122$44
39 years$793$506$313$188$111$38
40 years$764$481$293$174$101$34
41 years$737$458$275$160$91$29
42 years$712$436$258$148$83$26
43 years$687$416$242$136$75$23
44 years$664$396$227$126$68$20
45 years$642$378$213$116$62$17
46 years$621$361$200$107$56$15
47 years$601$344$188$99$51$13
48 years$582$329$177$92$46$12
49 years$563$314$166$85$42$10
50 years$546$300$156$78$38$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $559,000, adding $5,712 every year, while hoping to spend $33,406 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: 72/20/8 Blend
64$559,000$559,000$559,000$559,000
65$621,910$592,283$583,618$665,457
66$649,801$585,761$567,626$688,456
67$679,417$577,800$549,978$708,922
68$710,900$568,294$530,584$730,402
69$744,402$557,131$509,349$752,989
70$780,093$544,192$486,174$776,782
71$818,156$529,352$460,955$801,894
72$858,795$512,476$433,584$828,447
73$902,230$493,426$403,947$856,579
74$948,705$472,051$371,926$886,441
75$998,485$448,193$337,398$918,202
76$1,051,862$421,687$300,233$952,047
77$1,109,157$392,355$260,296$988,182
78$1,170,722$360,011$217,446$1,026,837
79$1,236,941$324,457$171,536$1,068,263
80$1,308,239$285,486$122,413$1,112,740
81$1,385,082$242,877$69,916$1,160,578
82$1,467,979$196,397$13,877$1,212,121
83$1,557,493$145,800$0$1,267,747
84$1,654,241$90,828$0$1,331,798
85$1,758,900$31,205$0$1,402,336
86$1,872,216$0$0$1,478,707
87$1,995,008$0$0$1,568,837
88$2,128,178$0$0$1,674,056
89$2,272,716$0$0$1,788,280
90$2,429,712$0$0$1,912,375
91$2,600,364$0$0$2,047,291
92$2,785,992$0$0$2,194,074
93$2,988,046$0$0$2,353,874
94$3,208,124$0$0$2,527,957
95$3,447,981$0$0$2,717,718
96$3,709,551$0$0$2,924,690
97$3,994,962$0$0$3,150,560
98$4,306,557$0$0$3,397,187
99$4,646,914$0$0$3,666,616
100$5,018,872$0$0$3,961,099