Can I retire at age 65 with 574,000?

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 $574,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.8%
1 years$47,400$46,978$46,566$46,164$45,772$45,426
2 years$23,466$23,029$22,605$22,194$21,796$21,448
3 years$15,488$15,049$14,627$14,220$13,828$13,488
4 years$11,500$11,063$10,645$10,245$9,862$9,533
5 years$9,108$8,673$8,261$7,869$7,497$7,179
6 years$7,514$7,083$6,676$6,293$5,932$5,626
7 years$6,376$5,948$5,548$5,174$4,825$4,530
8 years$5,523$5,098$4,705$4,340$4,002$3,720
9 years$4,859$4,439$4,052$3,697$3,371$3,101
10 years$4,329$3,913$3,533$3,187$2,872$2,614
11 years$3,895$3,483$3,110$2,773$2,470$2,223
12 years$3,534$3,126$2,760$2,433$2,140$1,905
13 years$3,229$2,825$2,466$2,148$1,866$1,643
14 years$2,967$2,568$2,216$1,906$1,636$1,423
15 years$2,741$2,346$2,001$1,700$1,441$1,238
16 years$2,543$2,153$1,814$1,522$1,273$1,081
17 years$2,369$1,982$1,651$1,368$1,129$947
18 years$2,214$1,832$1,507$1,233$1,004$832
19 years$2,075$1,698$1,379$1,114$895$732
20 years$1,951$1,578$1,266$1,009$799$645
21 years$1,838$1,469$1,164$916$715$570
22 years$1,736$1,372$1,073$832$641$504
23 years$1,643$1,283$991$758$575$446
24 years$1,558$1,202$916$691$517$396
25 years$1,480$1,128$849$631$465$351
26 years$1,408$1,060$787$577$419$312
27 years$1,341$998$731$528$378$277
28 years$1,279$940$680$484$341$247
29 years$1,222$887$632$444$308$220
30 years$1,168$838$589$408$278$196
31 years$1,118$792$549$374$252$174
32 years$1,072$749$512$344$228$155
33 years$1,028$710$478$316$206$139
34 years$987$672$447$291$186$124
35 years$948$638$418$268$169$110
36 years$912$605$391$247$153$98
37 years$877$575$366$227$139$88
38 years$845$546$343$210$126$78
39 years$814$520$321$193$114$70
40 years$785$494$301$178$103$63
41 years$757$471$282$164$94$56
42 years$731$448$265$152$85$50
43 years$706$427$248$140$77$45
44 years$682$407$233$129$70$40
45 years$659$388$219$119$64$36
46 years$638$370$206$110$58$32
47 years$617$353$193$102$52$28
48 years$597$337$181$94$48$25
49 years$578$322$171$87$43$23
50 years$560$308$160$80$39$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $574,000, adding $6,050 every year, while hoping to spend $34,356 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: 29/45/26 Blend
64$574,000$574,000$574,000$574,000
65$638,789$608,367$599,470$652,030
66$667,390$601,622$582,997$656,143
67$697,758$593,396$564,822$657,150
68$730,036$583,578$544,850$657,536
69$764,381$572,055$522,983$657,271
70$800,965$558,703$499,120$656,324
71$839,977$543,393$473,155$654,666
72$881,624$525,988$444,975$652,268
73$926,132$506,344$414,464$649,104
74$973,749$484,307$381,500$645,147
75$1,024,747$459,713$345,956$640,374
76$1,079,425$432,393$307,699$634,763
77$1,138,110$402,164$266,590$628,297
78$1,201,161$368,834$222,485$620,959
79$1,268,973$332,200$175,231$612,741
80$1,341,978$292,047$124,672$603,636
81$1,420,652$248,150$70,641$593,645
82$1,505,518$200,268$12,966$582,777
83$1,597,148$148,149$0$571,046
84$1,696,174$91,525$0$571,956
85$1,803,288$30,114$0$576,780
86$1,919,252$0$0$582,018
87$2,044,903$0$0$605,804
88$2,181,162$0$0$647,847
89$2,329,042$0$0$693,557
90$2,489,655$0$0$743,286
91$2,664,227$0$0$797,427
92$2,854,105$0$0$856,407
93$3,060,772$0$0$920,699
94$3,285,858$0$0$990,822
95$3,531,160$0$0$1,067,348
96$3,798,651$0$0$1,150,907
97$4,090,507$0$0$1,242,192
98$4,409,121$0$0$1,341,965
99$4,757,127$0$0$1,451,067
100$5,137,425$0$0$1,570,422