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%12.9%
1 years$46,740$46,323$45,917$45,521$45,134$44,588
2 years$23,138$22,708$22,290$21,885$21,492$20,943
3 years$15,272$14,840$14,423$14,022$13,636$13,100
4 years$11,340$10,909$10,496$10,102$9,725$9,207
5 years$8,981$8,553$8,146$7,759$7,393$6,894
6 years$7,409$6,984$6,583$6,205$5,850$5,371
7 years$6,287$5,865$5,470$5,102$4,757$4,299
8 years$5,446$5,027$4,639$4,280$3,947$3,508
9 years$4,792$4,377$3,996$3,645$3,324$2,905
10 years$4,269$3,858$3,484$3,142$2,832$2,432
11 years$3,841$3,435$3,067$2,735$2,436$2,055
12 years$3,485$3,083$2,722$2,399$2,111$1,749
13 years$3,184$2,786$2,432$2,118$1,840$1,497
14 years$2,926$2,532$2,185$1,880$1,613$1,288
15 years$2,703$2,313$1,973$1,677$1,421$1,112
16 years$2,508$2,123$1,789$1,501$1,255$964
17 years$2,336$1,955$1,628$1,349$1,113$838
18 years$2,183$1,806$1,486$1,215$990$730
19 years$2,046$1,674$1,360$1,098$882$637
20 years$1,924$1,556$1,248$995$788$557
21 years$1,813$1,449$1,148$903$705$488
22 years$1,712$1,353$1,058$821$632$428
23 years$1,620$1,265$977$748$567$376
24 years$1,536$1,185$904$682$510$331
25 years$1,459$1,112$837$623$459$291
26 years$1,388$1,045$776$569$413$256
27 years$1,322$984$721$521$373$226
28 years$1,261$927$670$477$336$199
29 years$1,205$875$624$438$304$176
30 years$1,152$826$581$402$274$155
31 years$1,103$781$541$369$248$137
32 years$1,057$739$505$339$224$121
33 years$1,014$700$472$312$203$107
34 years$973$663$441$287$184$94
35 years$935$629$412$264$167$84
36 years$899$597$385$243$151$74
37 years$865$567$361$224$137$65
38 years$833$539$338$207$124$58
39 years$803$512$317$191$112$51
40 years$774$487$297$176$102$45
41 years$747$464$278$162$93$40
42 years$721$442$261$150$84$35
43 years$696$421$245$138$76$31
44 years$672$401$230$128$69$28
45 years$650$383$216$118$63$25
46 years$629$365$203$109$57$22
47 years$608$348$190$101$52$19
48 years$589$333$179$93$47$17
49 years$570$318$168$86$43$15
50 years$553$303$158$79$39$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $566,000, adding $3,441 every year, while hoping to spend $45,194 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: 82/8/10 Blend
64$566,000$566,000$566,000$566,000
65$627,281$597,283$588,510$677,460
66$643,178$578,464$560,139$692,008
67$659,181$557,208$529,303$701,636
68$675,255$533,348$495,872$710,845
69$691,356$506,707$459,709$719,568
70$707,437$477,099$420,672$727,732
71$723,443$444,325$378,612$735,254
72$739,314$408,176$333,375$742,048
73$754,979$368,431$284,798$748,013
74$770,359$324,857$232,711$753,042
75$785,367$277,206$176,938$757,018
76$799,904$225,218$117,295$759,809
77$813,857$168,618$53,588$761,272
78$827,104$107,113$0$761,249
79$839,504$40,397$0$761,104
80$850,902$0$0$765,312
81$861,124$0$0$770,768
82$869,977$0$0$778,535
83$877,244$0$0$784,863
84$882,687$0$0$789,534
85$886,038$0$0$792,307
86$887,001$0$0$792,913
87$885,244$0$0$791,055
88$880,404$0$0$786,401
89$872,073$0$0$778,584
90$859,801$0$0$767,197
91$843,089$0$0$751,788
92$821,383$0$0$731,856
93$794,070$0$0$706,849
94$760,473$0$0$676,151
95$719,838$0$0$639,085
96$671,336$0$0$594,897
97$614,045$0$0$542,757
98$546,950$0$0$481,745
99$468,924$0$0$410,844
100$378,724$0$0$328,930