Can I retire at age 65 with 566,000?

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 $566,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.9%
1 years$46,740$46,323$45,917$45,521$45,134$43,865
2 years$23,138$22,708$22,290$21,885$21,492$20,223
3 years$15,272$14,840$14,423$14,022$13,636$12,407
4 years$11,340$10,909$10,496$10,102$9,725$8,546
5 years$8,981$8,553$8,146$7,759$7,393$6,266
6 years$7,409$6,984$6,583$6,205$5,850$4,776
7 years$6,287$5,865$5,470$5,102$4,757$3,738
8 years$5,446$5,027$4,639$4,280$3,947$2,980
9 years$4,792$4,377$3,996$3,645$3,324$2,409
10 years$4,269$3,858$3,484$3,142$2,832$1,968
11 years$3,841$3,435$3,067$2,735$2,436$1,622
12 years$3,485$3,083$2,722$2,399$2,111$1,345
13 years$3,184$2,786$2,432$2,118$1,840$1,121
14 years$2,926$2,532$2,185$1,880$1,613$938
15 years$2,703$2,313$1,973$1,677$1,421$788
16 years$2,508$2,123$1,789$1,501$1,255$664
17 years$2,336$1,955$1,628$1,349$1,113$561
18 years$2,183$1,806$1,486$1,215$990$475
19 years$2,046$1,674$1,360$1,098$882$402
20 years$1,924$1,556$1,248$995$788$341
21 years$1,813$1,449$1,148$903$705$290
22 years$1,712$1,353$1,058$821$632$247
23 years$1,620$1,265$977$748$567$210
24 years$1,536$1,185$904$682$510$179
25 years$1,459$1,112$837$623$459$153
26 years$1,388$1,045$776$569$413$130
27 years$1,322$984$721$521$373$111
28 years$1,261$927$670$477$336$95
29 years$1,205$875$624$438$304$81
30 years$1,152$826$581$402$274$69
31 years$1,103$781$541$369$248$59
32 years$1,057$739$505$339$224$50
33 years$1,014$700$472$312$203$43
34 years$973$663$441$287$184$37
35 years$935$629$412$264$167$32
36 years$899$597$385$243$151$27
37 years$865$567$361$224$137$23
38 years$833$539$338$207$124$20
39 years$803$512$317$191$112$17
40 years$774$487$297$176$102$14
41 years$747$464$278$162$93$12
42 years$721$442$261$150$84$11
43 years$696$421$245$138$76$9
44 years$672$401$230$128$69$8
45 years$650$383$216$118$63$7
46 years$629$365$203$109$57$6
47 years$608$348$190$101$52$5
48 years$589$333$179$93$47$4
49 years$570$318$168$86$43$4
50 years$553$303$158$79$39$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $566,000, adding $6,696 every year, while hoping to spend $20,438 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: 24/46/30 Blend
64$566,000$566,000$566,000$566,000
65$630,639$600,641$591,868$639,739
66$673,218$608,326$589,950$655,750
67$719,456$615,704$587,282$670,750
68$769,703$622,736$583,819$686,399
69$824,346$629,383$579,510$702,765
70$883,811$635,605$574,306$719,924
71$948,567$641,356$568,151$737,961
72$1,019,127$646,589$560,991$756,974
73$1,096,059$651,254$552,766$777,069
74$1,179,988$655,295$543,414$798,365
75$1,271,599$658,657$532,871$820,998
76$1,371,649$661,279$521,069$845,117
77$1,480,970$663,094$507,938$870,888
78$1,600,479$664,035$493,403$898,498
79$1,731,183$664,028$477,387$928,155
80$1,874,194$662,996$459,810$960,089
81$2,030,735$660,856$440,587$994,558
82$2,202,152$657,520$419,629$1,031,849
83$2,389,928$652,896$396,843$1,072,281
84$2,595,698$646,884$372,134$1,116,207
85$2,821,258$639,381$345,400$1,164,022
86$3,068,591$630,275$316,536$1,216,164
87$3,339,878$619,450$285,431$1,273,118
88$3,637,523$606,780$251,970$1,335,426
89$3,964,172$592,134$216,032$1,403,686
90$4,322,742$575,372$177,493$1,478,563
91$4,716,443$556,348$136,221$1,560,795
92$5,148,815$534,903$92,080$1,651,200
93$5,623,755$510,874$44,925$1,750,684
94$6,145,556$484,085$0$1,860,252
95$6,718,948$454,350$0$1,982,747
96$7,349,142$421,475$0$2,133,131
97$8,041,879$385,252$0$2,298,428
98$8,803,484$345,463$0$2,480,204
99$9,640,925$301,875$0$2,680,190
100$10,561,878$254,246$0$2,900,298