Can I retire at age 65 with 559,000?

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 $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%14.5%
1 years$46,162$45,751$45,349$44,958$44,575$43,747
2 years$22,852$22,427$22,014$21,614$21,226$20,395
3 years$15,084$14,656$14,245$13,849$13,467$12,658
4 years$11,200$10,774$10,366$9,977$9,605$8,825
5 years$8,870$8,447$8,045$7,663$7,301$6,553
6 years$7,318$6,897$6,501$6,128$5,777$5,061
7 years$6,209$5,792$5,403$5,039$4,698$4,014
8 years$5,378$4,965$4,582$4,227$3,898$3,246
9 years$4,732$4,323$3,946$3,600$3,283$2,662
10 years$4,216$3,811$3,441$3,103$2,797$2,208
11 years$3,793$3,392$3,029$2,701$2,405$1,847
12 years$3,442$3,045$2,688$2,369$2,084$1,556
13 years$3,144$2,752$2,402$2,092$1,818$1,318
14 years$2,890$2,501$2,158$1,857$1,593$1,121
15 years$2,669$2,285$1,948$1,656$1,403$958
16 years$2,477$2,096$1,766$1,483$1,240$821
17 years$2,307$1,931$1,607$1,332$1,099$705
18 years$2,156$1,784$1,467$1,200$978$607
19 years$2,021$1,653$1,343$1,085$871$524
20 years$1,900$1,536$1,233$982$778$453
21 years$1,790$1,431$1,134$892$696$392
22 years$1,691$1,336$1,045$811$624$340
23 years$1,600$1,249$965$738$560$295
24 years$1,517$1,171$892$673$504$256
25 years$1,441$1,099$827$615$453$222
26 years$1,371$1,032$767$562$408$193
27 years$1,306$972$712$515$368$168
28 years$1,246$916$662$472$332$146
29 years$1,190$864$616$432$300$128
30 years$1,138$816$574$397$271$111
31 years$1,089$771$535$364$245$97
32 years$1,044$730$499$335$222$84
33 years$1,001$691$466$308$201$74
34 years$961$655$435$283$182$64
35 years$923$621$407$261$164$56
36 years$888$590$381$240$149$49
37 years$854$560$356$221$135$43
38 years$823$532$334$204$122$37
39 years$793$506$313$188$111$32
40 years$764$481$293$174$101$28
41 years$737$458$275$160$91$25
42 years$712$436$258$148$83$22
43 years$687$416$242$136$75$19
44 years$664$396$227$126$68$16
45 years$642$378$213$116$62$14
46 years$621$361$200$107$56$13
47 years$601$344$188$99$51$11
48 years$582$329$177$92$46$10
49 years$563$314$166$85$42$8
50 years$546$300$156$78$38$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $559,000, adding $3,284 every year, while hoping to spend $31,471 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: 82/6/12 Blend
64$559,000$559,000$559,000$559,000
65$619,405$589,778$581,114$668,603
66$649,100$585,193$567,096$696,750
67$680,768$579,327$551,554$723,166
68$714,579$572,087$534,404$751,234
69$750,716$563,369$515,556$781,105
70$789,382$553,067$494,920$812,941
71$830,797$541,065$472,398$846,925
72$875,205$527,244$447,890$883,256
73$922,872$511,475$421,291$922,154
74$974,091$493,623$392,489$963,860
75$1,029,182$473,544$361,372$1,008,642
76$1,088,498$451,088$327,817$1,056,794
77$1,152,425$426,092$291,700$1,108,640
78$1,221,390$398,388$252,889$1,164,537
79$1,295,859$367,796$211,248$1,224,879
80$1,376,346$334,127$166,634$1,290,100
81$1,463,413$297,179$118,896$1,360,679
82$1,557,682$256,742$67,880$1,437,145
83$1,659,834$212,590$13,422$1,520,077
84$1,770,618$164,489$0$1,610,119
85$1,890,859$112,186$0$1,713,700
86$2,021,463$55,420$0$1,828,082
87$2,163,428$0$0$1,952,430
88$2,317,849$0$0$2,088,118
89$2,485,935$0$0$2,239,806
90$2,669,013$0$0$2,405,035
91$2,868,545$0$0$2,585,126
92$3,086,139$0$0$2,781,532
93$3,323,565$0$0$2,995,852
94$3,582,771$0$0$3,229,846
95$3,865,903$0$0$3,485,453
96$4,175,322$0$0$3,764,806
97$4,513,626$0$0$4,070,254
98$4,883,679$0$0$4,404,383
99$5,288,632$0$0$4,770,041
100$5,731,955$0$0$5,170,362