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%11.1%
1 years$46,162$45,751$45,349$44,958$44,575$44,369
2 years$22,852$22,427$22,014$21,614$21,226$21,018
3 years$15,084$14,656$14,245$13,849$13,467$13,263
4 years$11,200$10,774$10,366$9,977$9,605$9,407
5 years$8,870$8,447$8,045$7,663$7,301$7,110
6 years$7,318$6,897$6,501$6,128$5,777$5,593
7 years$6,209$5,792$5,403$5,039$4,698$4,521
8 years$5,378$4,965$4,582$4,227$3,898$3,728
9 years$4,732$4,323$3,946$3,600$3,283$3,119
10 years$4,216$3,811$3,441$3,103$2,797$2,641
11 years$3,793$3,392$3,029$2,701$2,405$2,256
12 years$3,442$3,045$2,688$2,369$2,084$1,942
13 years$3,144$2,752$2,402$2,092$1,818$1,681
14 years$2,890$2,501$2,158$1,857$1,593$1,464
15 years$2,669$2,285$1,948$1,656$1,403$1,279
16 years$2,477$2,096$1,766$1,483$1,240$1,122
17 years$2,307$1,931$1,607$1,332$1,099$988
18 years$2,156$1,784$1,467$1,200$978$872
19 years$2,021$1,653$1,343$1,085$871$771
20 years$1,900$1,536$1,233$982$778$683
21 years$1,790$1,431$1,134$892$696$607
22 years$1,691$1,336$1,045$811$624$539
23 years$1,600$1,249$965$738$560$480
24 years$1,517$1,171$892$673$504$428
25 years$1,441$1,099$827$615$453$382
26 years$1,371$1,032$767$562$408$341
27 years$1,306$972$712$515$368$305
28 years$1,246$916$662$472$332$273
29 years$1,190$864$616$432$300$244
30 years$1,138$816$574$397$271$219
31 years$1,089$771$535$364$245$196
32 years$1,044$730$499$335$222$176
33 years$1,001$691$466$308$201$158
34 years$961$655$435$283$182$141
35 years$923$621$407$261$164$127
36 years$888$590$381$240$149$114
37 years$854$560$356$221$135$102
38 years$823$532$334$204$122$92
39 years$793$506$313$188$111$83
40 years$764$481$293$174$101$74
41 years$737$458$275$160$91$67
42 years$712$436$258$148$83$60
43 years$687$416$242$136$75$54
44 years$664$396$227$126$68$48
45 years$642$378$213$116$62$44
46 years$621$361$200$107$56$39
47 years$601$344$188$99$51$35
48 years$582$329$177$92$46$32
49 years$563$314$166$85$42$29
50 years$546$300$156$78$38$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $559,000, adding $6,840 every year, while hoping to spend $31,174 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: 67/26/7 Blend
64$559,000$559,000$559,000$559,000
65$623,073$593,446$584,782$663,614
66$653,458$589,356$571,203$687,306
67$685,897$584,021$556,125$708,798
68$720,567$577,347$539,464$731,461
69$757,662$569,234$521,132$755,403
70$797,394$559,576$501,041$780,747
71$839,995$548,263$479,093$807,626
72$885,722$535,175$455,190$836,191
73$934,854$520,187$429,227$866,607
74$987,700$503,167$401,097$899,056
75$1,044,597$483,974$370,685$933,742
76$1,105,916$462,459$337,874$970,890
77$1,172,065$438,465$302,538$1,010,749
78$1,243,492$411,826$264,549$1,053,595
79$1,320,688$382,365$223,772$1,099,733
80$1,404,195$349,898$180,064$1,149,503
81$1,494,606$314,226$133,280$1,203,278
82$1,592,576$275,143$83,265$1,261,474
83$1,698,822$232,429$29,858$1,324,549
84$1,814,135$185,851$0$1,393,012
85$1,939,385$135,166$0$1,469,453
86$2,075,526$80,113$0$1,554,977
87$2,223,611$20,420$0$1,648,055
88$2,384,797$0$0$1,749,462
89$2,560,356$0$0$1,872,701
90$2,751,690$0$0$2,013,413
91$2,960,341$0$0$2,166,893
92$3,188,006$0$0$2,334,393
93$3,436,552$0$0$2,517,293
94$3,708,036$0$0$2,717,109
95$4,004,722$0$0$2,935,512
96$4,329,101$0$0$3,174,343
97$4,683,918$0$0$3,435,625
98$5,072,194$0$0$3,721,589
99$5,497,255$0$0$4,034,691
100$5,962,764$0$0$4,377,634