Can I retire at age 65 with 568,000?

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 $568,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.5%
1 years$46,905$46,487$46,079$45,682$45,293$43,914
2 years$23,220$22,788$22,369$21,962$21,568$20,190
3 years$15,326$14,892$14,474$14,071$13,684$12,350
4 years$11,380$10,947$10,533$10,138$9,759$8,481
5 years$9,013$8,583$8,174$7,787$7,419$6,199
6 years$7,436$7,008$6,606$6,227$5,870$4,710
7 years$6,309$5,886$5,490$5,120$4,774$3,673
8 years$5,465$5,045$4,656$4,295$3,961$2,918
9 years$4,808$4,393$4,010$3,658$3,335$2,351
10 years$4,284$3,872$3,496$3,153$2,842$1,913
11 years$3,855$3,447$3,078$2,744$2,444$1,570
12 years$3,497$3,094$2,731$2,407$2,118$1,297
13 years$3,195$2,796$2,440$2,125$1,847$1,077
14 years$2,936$2,541$2,193$1,887$1,619$898
15 years$2,712$2,322$1,980$1,682$1,426$751
16 years$2,516$2,130$1,795$1,506$1,260$630
17 years$2,344$1,962$1,633$1,354$1,117$530
18 years$2,191$1,813$1,491$1,220$993$446
19 years$2,054$1,680$1,365$1,102$885$376
20 years$1,930$1,561$1,253$998$791$318
21 years$1,819$1,454$1,152$906$708$269
22 years$1,718$1,357$1,062$824$634$228
23 years$1,626$1,270$981$750$569$193
24 years$1,542$1,189$907$684$512$164
25 years$1,464$1,116$840$625$461$139
26 years$1,393$1,049$779$571$415$118
27 years$1,327$987$723$523$374$100
28 years$1,266$930$672$479$337$85
29 years$1,209$878$626$439$305$72
30 years$1,156$829$583$403$275$61
31 years$1,107$784$543$370$249$52
32 years$1,061$741$507$340$225$44
33 years$1,017$702$473$313$204$38
34 years$976$665$442$288$185$32
35 years$938$631$414$265$167$27
36 years$902$599$387$244$151$23
37 years$868$569$362$225$137$20
38 years$836$541$339$207$124$17
39 years$805$514$318$191$113$14
40 years$777$489$298$176$102$12
41 years$749$466$279$163$93$10
42 years$723$443$262$150$84$9
43 years$698$423$246$139$76$7
44 years$675$403$231$128$69$6
45 years$652$384$217$118$63$5
46 years$631$366$203$109$57$5
47 years$611$350$191$101$52$4
48 years$591$334$180$93$47$3
49 years$572$319$169$86$43$3
50 years$555$304$159$80$39$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $568,000, adding $5,455 every year, while hoping to spend $38,564 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: 60/15/25 Blend
64$568,000$568,000$568,000$568,000
65$631,563$601,459$592,655$664,923
66$654,950$589,899$571,477$676,685
67$679,431$576,479$548,297$684,871
68$705,076$561,069$523,008$692,971
69$731,961$543,529$495,496$700,984
70$760,169$523,711$465,643$708,914
71$789,792$501,458$433,328$716,762
72$820,927$476,606$398,421$724,535
73$853,681$448,979$360,787$732,241
74$888,170$418,392$320,287$739,891
75$924,520$384,650$276,774$747,502
76$962,870$347,546$230,094$755,090
77$1,003,368$306,862$180,088$762,682
78$1,046,180$262,366$126,589$770,304
79$1,091,483$213,815$69,422$777,993
80$1,139,472$160,950$8,406$785,789
81$1,190,361$103,500$0$793,742
82$1,244,383$41,176$0$817,036
83$1,301,792$0$0$843,989
84$1,362,867$0$0$876,833
85$1,427,913$0$0$919,076
86$1,497,263$0$0$964,141
87$1,571,284$0$0$1,012,270
88$1,650,376$0$0$1,063,725
89$1,734,979$0$0$1,118,798
90$1,825,573$0$0$1,177,805
91$1,922,687$0$0$1,241,095
92$2,026,899$0$0$1,309,050
93$2,138,847$0$0$1,382,089
94$2,259,228$0$0$1,460,673
95$2,388,807$0$0$1,545,307
96$2,528,426$0$0$1,636,547
97$2,679,009$0$0$1,735,002
98$2,841,570$0$0$1,841,342
99$3,017,227$0$0$1,956,305
100$3,207,203$0$0$2,080,698