Can I retire at age 65 with 562,000?

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 $562,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%20%
1 years$46,409$45,996$45,593$45,199$44,815$43,020
2 years$22,975$22,547$22,132$21,730$21,340$19,554
3 years$15,164$14,735$14,321$13,923$13,539$11,819
4 years$11,260$10,832$10,422$10,031$9,656$8,014
5 years$8,918$8,492$8,088$7,704$7,341$5,781
6 years$7,357$6,934$6,536$6,161$5,808$4,332
7 years$6,243$5,824$5,432$5,066$4,724$3,331
8 years$5,407$4,992$4,607$4,249$3,919$2,607
9 years$4,758$4,346$3,968$3,620$3,300$2,068
10 years$4,238$3,831$3,459$3,120$2,812$1,657
11 years$3,814$3,411$3,045$2,715$2,418$1,338
12 years$3,460$3,061$2,703$2,382$2,096$1,087
13 years$3,161$2,766$2,415$2,103$1,827$887
14 years$2,905$2,515$2,170$1,867$1,602$727
15 years$2,684$2,297$1,959$1,665$1,410$597
16 years$2,490$2,108$1,776$1,491$1,247$492
17 years$2,319$1,941$1,616$1,339$1,105$406
18 years$2,167$1,794$1,475$1,207$983$336
19 years$2,032$1,662$1,350$1,091$876$278
20 years$1,910$1,545$1,239$988$782$230
21 years$1,800$1,439$1,140$896$700$191
22 years$1,700$1,343$1,051$815$628$159
23 years$1,609$1,256$970$742$563$132
24 years$1,526$1,177$897$677$506$110
25 years$1,449$1,104$831$618$456$91
26 years$1,378$1,038$771$565$410$76
27 years$1,313$977$716$517$370$63
28 years$1,253$921$665$474$334$53
29 years$1,196$868$619$435$302$44
30 years$1,144$820$577$399$272$36
31 years$1,095$775$538$366$246$30
32 years$1,049$734$502$337$223$25
33 years$1,006$695$468$310$202$21
34 years$966$658$438$285$183$18
35 years$928$625$409$262$165$15
36 years$893$593$383$242$150$12
37 years$859$563$358$223$136$10
38 years$827$535$335$205$123$8
39 years$797$509$314$189$112$7
40 years$768$484$295$174$101$6
41 years$741$461$276$161$92$5
42 years$716$439$259$149$83$4
43 years$691$418$243$137$76$3
44 years$668$399$228$127$69$3
45 years$646$380$214$117$62$2
46 years$624$363$201$108$57$2
47 years$604$346$189$100$51$2
48 years$585$330$178$92$47$1
49 years$566$315$167$85$42$1
50 years$549$301$157$79$39$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $562,000, adding $6,123 every year, while hoping to spend $39,363 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: 61/14/25 Blend
64$562,000$562,000$562,000$562,000
65$625,640$595,854$587,143$659,289
66$647,573$583,169$564,930$670,164
67$670,424$568,543$540,654$677,207
68$694,246$551,839$514,204$684,038
69$719,093$532,914$485,464$690,645
70$745,027$511,613$454,314$697,013
71$772,112$487,775$420,626$703,131
72$800,420$461,228$384,269$708,987
73$830,026$431,791$345,105$714,570
74$861,013$399,273$302,990$719,870
75$893,469$363,470$257,773$724,878
76$927,492$324,170$209,298$729,587
77$963,186$281,144$157,400$733,993
78$1,000,666$234,155$101,907$738,092
79$1,040,054$182,948$42,641$741,885
80$1,081,486$127,259$0$745,375
81$1,125,106$66,804$0$754,064
82$1,171,076$1,286$0$774,964
83$1,219,567$0$0$796,757
84$1,270,769$0$0$830,245
85$1,324,889$0$0$865,870
86$1,382,150$0$0$903,582
87$1,442,799$0$0$943,547
88$1,507,103$0$0$985,945
89$1,575,357$0$0$1,030,971
90$1,647,880$0$0$1,078,840
91$1,725,023$0$0$1,129,787
92$1,807,170$0$0$1,184,069
93$1,894,742$0$0$1,241,967
94$1,988,197$0$0$1,303,791
95$2,088,042$0$0$1,369,878
96$2,194,827$0$0$1,440,598
97$2,309,159$0$0$1,516,358
98$2,431,703$0$0$1,597,603
99$2,563,187$0$0$1,684,823
100$2,704,411$0$0$1,778,553