Can I retire at age 65 with 581,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%15.4%
1 years$47,978$47,551$47,134$46,727$46,330$45,302
2 years$23,752$23,309$22,881$22,465$22,062$21,031
3 years$15,677$15,233$14,805$14,394$13,997$12,996
4 years$11,641$11,198$10,774$10,370$9,983$9,020
5 years$9,219$8,779$8,361$7,965$7,589$6,666
6 years$7,606$7,169$6,757$6,370$6,005$5,123
7 years$6,454$6,020$5,615$5,237$4,883$4,043
8 years$5,590$5,161$4,762$4,393$4,051$3,252
9 years$4,919$4,493$4,102$3,742$3,412$2,653
10 years$4,382$3,961$3,576$3,226$2,907$2,188
11 years$3,943$3,526$3,148$2,807$2,500$1,820
12 years$3,577$3,165$2,794$2,462$2,167$1,524
13 years$3,268$2,860$2,496$2,174$1,889$1,283
14 years$3,004$2,600$2,243$1,930$1,656$1,085
15 years$2,774$2,375$2,025$1,721$1,458$921
16 years$2,574$2,179$1,836$1,541$1,289$785
17 years$2,397$2,007$1,671$1,384$1,143$670
18 years$2,241$1,854$1,525$1,248$1,016$573
19 years$2,101$1,718$1,396$1,127$906$491
20 years$1,975$1,597$1,281$1,021$809$422
21 years$1,861$1,487$1,179$927$724$363
22 years$1,758$1,388$1,086$843$649$312
23 years$1,663$1,299$1,003$767$582$269
24 years$1,577$1,217$928$700$524$232
25 years$1,498$1,142$859$639$471$200
26 years$1,425$1,073$797$584$424$173
27 years$1,357$1,010$740$535$383$149
28 years$1,295$952$688$490$345$129
29 years$1,237$898$640$449$312$111
30 years$1,183$848$596$412$282$96
31 years$1,132$801$556$379$255$83
32 years$1,085$758$519$348$230$72
33 years$1,040$718$484$320$208$62
34 years$999$681$452$295$189$54
35 years$960$646$423$271$171$47
36 years$923$613$396$250$155$40
37 years$888$582$370$230$140$35
38 years$855$553$347$212$127$30
39 years$824$526$325$196$115$26
40 years$794$500$305$180$105$23
41 years$766$476$286$166$95$20
42 years$740$454$268$154$86$17
43 years$714$432$251$142$78$15
44 years$690$412$236$131$71$13
45 years$667$393$222$121$64$11
46 years$645$375$208$112$59$10
47 years$625$358$195$103$53$8
48 years$605$341$184$95$48$7
49 years$586$326$173$88$44$6
50 years$567$311$162$81$40$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $581,000, adding $5,452 every year, while hoping to spend $27,420 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: 66/25/9 Blend
64$581,000$581,000$581,000$581,000
65$645,886$615,093$606,087$686,984
66$682,591$616,058$597,216$715,983
67$722,122$616,151$587,130$743,897
68$764,737$615,301$575,757$773,689
69$810,721$613,431$563,025$805,540
70$860,386$610,461$548,859$839,649
71$914,077$606,305$533,177$876,237
72$972,171$600,872$515,897$915,547
73$1,035,084$594,067$496,931$957,847
74$1,103,272$585,786$476,188$1,003,435
75$1,177,238$575,921$453,572$1,052,638
76$1,257,533$564,358$428,983$1,105,819
77$1,344,766$550,975$402,318$1,163,379
78$1,439,603$535,644$373,467$1,225,758
79$1,542,780$518,228$342,316$1,293,446
80$1,655,106$498,584$308,746$1,366,983
81$1,777,470$476,558$272,632$1,446,963
82$1,910,853$451,990$233,846$1,534,044
83$2,056,331$424,709$192,251$1,628,954
84$2,215,090$394,533$147,705$1,732,495
85$2,388,437$361,273$100,061$1,845,552
86$2,577,809$324,727$49,164$1,969,105
87$2,784,788$284,680$0$2,104,232
88$3,011,116$240,909$0$2,252,621
89$3,258,711$193,175$0$2,420,165
90$3,529,686$141,227$0$2,603,607
91$3,826,365$84,799$0$2,804,569
92$4,151,310$23,610$0$3,024,841
93$4,507,341$0$0$3,266,395
94$4,897,565$0$0$3,543,139
95$5,325,401$0$0$3,853,715
96$5,794,617$0$0$4,194,369
97$6,309,363$0$0$4,568,119
98$6,874,210$0$0$4,978,288
99$7,494,191$0$0$5,428,537
100$8,174,854$0$0$5,922,899