Can I retire at age 65 with 581,000?

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 $581,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.8%
1 years$47,978$47,551$47,134$46,727$46,330$45,789
2 years$23,752$23,309$22,881$22,465$22,062$21,517
3 years$15,677$15,233$14,805$14,394$13,997$13,466
4 years$11,641$11,198$10,774$10,370$9,983$9,469
5 years$9,219$8,779$8,361$7,965$7,589$7,094
6 years$7,606$7,169$6,757$6,370$6,005$5,530
7 years$6,454$6,020$5,615$5,237$4,883$4,428
8 years$5,590$5,161$4,762$4,393$4,051$3,616
9 years$4,919$4,493$4,102$3,742$3,412$2,996
10 years$4,382$3,961$3,576$3,226$2,907$2,510
11 years$3,943$3,526$3,148$2,807$2,500$2,122
12 years$3,577$3,165$2,794$2,462$2,167$1,807
13 years$3,268$2,860$2,496$2,174$1,889$1,548
14 years$3,004$2,600$2,243$1,930$1,656$1,332
15 years$2,774$2,375$2,025$1,721$1,458$1,151
16 years$2,574$2,179$1,836$1,541$1,289$998
17 years$2,397$2,007$1,671$1,384$1,143$868
18 years$2,241$1,854$1,525$1,248$1,016$757
19 years$2,101$1,718$1,396$1,127$906$662
20 years$1,975$1,597$1,281$1,021$809$579
21 years$1,861$1,487$1,179$927$724$508
22 years$1,758$1,388$1,086$843$649$446
23 years$1,663$1,299$1,003$767$582$392
24 years$1,577$1,217$928$700$524$345
25 years$1,498$1,142$859$639$471$304
26 years$1,425$1,073$797$584$424$267
27 years$1,357$1,010$740$535$383$236
28 years$1,295$952$688$490$345$208
29 years$1,237$898$640$449$312$184
30 years$1,183$848$596$412$282$162
31 years$1,132$801$556$379$255$144
32 years$1,085$758$519$348$230$127
33 years$1,040$718$484$320$208$112
34 years$999$681$452$295$189$99
35 years$960$646$423$271$171$88
36 years$923$613$396$250$155$78
37 years$888$582$370$230$140$69
38 years$855$553$347$212$127$61
39 years$824$526$325$196$115$54
40 years$794$500$305$180$105$48
41 years$766$476$286$166$95$42
42 years$740$454$268$154$86$37
43 years$714$432$251$142$78$33
44 years$690$412$236$131$71$29
45 years$667$393$222$121$64$26
46 years$645$375$208$112$59$23
47 years$625$358$195$103$53$20
48 years$605$341$184$95$48$18
49 years$586$326$173$88$44$16
50 years$567$311$162$81$40$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $581,000, adding $6,250 every year, while hoping to spend $37,012 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: 50/35/15 Blend
64$581,000$581,000$581,000$581,000
65$646,709$615,916$606,910$676,085
66$673,293$606,715$587,861$687,755
67$701,348$595,823$566,934$696,060
68$730,985$583,118$544,026$704,268
69$762,325$568,471$519,030$712,380
70$795,500$551,744$491,836$720,402
71$830,655$532,793$462,326$728,343
72$867,947$511,465$430,379$736,214
73$907,548$487,598$395,868$744,031
74$949,648$461,020$358,659$751,814
75$994,452$431,550$318,614$759,589
76$1,042,186$398,996$275,588$767,389
77$1,093,098$363,156$229,429$775,250
78$1,147,458$323,814$179,979$783,220
79$1,205,562$280,745$127,072$791,352
80$1,267,737$233,709$70,536$799,713
81$1,334,339$182,453$10,192$808,377
82$1,405,759$126,710$0$817,433
83$1,482,426$66,199$0$835,660
84$1,564,811$621$0$856,806
85$1,653,432$0$0$879,406
86$1,748,856$0$0$930,741
87$1,851,707$0$0$986,376
88$1,962,669$0$0$1,046,448
89$2,082,495$0$0$1,111,370
90$2,212,012$0$0$1,181,597
91$2,352,128$0$0$1,257,629
92$2,503,842$0$0$1,340,014
93$2,668,253$0$0$1,429,357
94$2,846,568$0$0$1,526,322
95$3,040,115$0$0$1,631,639
96$3,250,355$0$0$1,746,112
97$3,478,893$0$0$1,870,624
98$3,727,498$0$0$2,006,149
99$3,998,114$0$0$2,153,756
100$4,292,881$0$0$2,314,622