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%11.4%
1 years$47,978$47,551$47,134$46,727$46,330$46,057
2 years$23,752$23,309$22,881$22,465$22,062$21,787
3 years$15,677$15,233$14,805$14,394$13,997$13,728
4 years$11,641$11,198$10,774$10,370$9,983$9,722
5 years$9,219$8,779$8,361$7,965$7,589$7,337
6 years$7,606$7,169$6,757$6,370$6,005$5,762
7 years$6,454$6,020$5,615$5,237$4,883$4,650
8 years$5,590$5,161$4,762$4,393$4,051$3,827
9 years$4,919$4,493$4,102$3,742$3,412$3,197
10 years$4,382$3,961$3,576$3,226$2,907$2,702
11 years$3,943$3,526$3,148$2,807$2,500$2,304
12 years$3,577$3,165$2,794$2,462$2,167$1,979
13 years$3,268$2,860$2,496$2,174$1,889$1,711
14 years$3,004$2,600$2,243$1,930$1,656$1,486
15 years$2,774$2,375$2,025$1,721$1,458$1,296
16 years$2,574$2,179$1,836$1,541$1,289$1,135
17 years$2,397$2,007$1,671$1,384$1,143$997
18 years$2,241$1,854$1,525$1,248$1,016$878
19 years$2,101$1,718$1,396$1,127$906$775
20 years$1,975$1,597$1,281$1,021$809$685
21 years$1,861$1,487$1,179$927$724$607
22 years$1,758$1,388$1,086$843$649$538
23 years$1,663$1,299$1,003$767$582$478
24 years$1,577$1,217$928$700$524$425
25 years$1,498$1,142$859$639$471$379
26 years$1,425$1,073$797$584$424$337
27 years$1,357$1,010$740$535$383$301
28 years$1,295$952$688$490$345$269
29 years$1,237$898$640$449$312$240
30 years$1,183$848$596$412$282$214
31 years$1,132$801$556$379$255$192
32 years$1,085$758$519$348$230$171
33 years$1,040$718$484$320$208$153
34 years$999$681$452$295$189$137
35 years$960$646$423$271$171$123
36 years$923$613$396$250$155$110
37 years$888$582$370$230$140$99
38 years$855$553$347$212$127$88
39 years$824$526$325$196$115$79
40 years$794$500$305$180$105$71
41 years$766$476$286$166$95$64
42 years$740$454$268$154$86$57
43 years$714$432$251$142$78$51
44 years$690$412$236$131$71$46
45 years$667$393$222$121$64$41
46 years$645$375$208$112$59$37
47 years$625$358$195$103$53$33
48 years$605$341$184$95$48$30
49 years$586$326$173$88$44$27
50 years$567$311$162$81$40$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $581,000, adding $5,587 every year, while hoping to spend $20,680 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: 72/18/10 Blend
64$581,000$581,000$581,000$581,000
65$646,025$615,232$606,226$690,910
66$689,916$623,375$604,532$729,475
67$737,591$631,224$602,087$768,591
68$789,414$638,742$598,846$810,855
69$845,785$645,892$594,758$856,573
70$907,146$652,631$589,773$906,081
71$973,981$658,916$583,836$959,751
72$1,046,823$664,699$576,891$1,017,991
73$1,126,261$669,931$568,878$1,081,251
74$1,212,940$674,558$559,736$1,150,028
75$1,307,572$678,523$549,400$1,224,869
76$1,410,940$681,767$537,800$1,306,378
77$1,523,906$684,224$524,867$1,395,218
78$1,647,421$685,827$510,526$1,492,123
79$1,782,528$686,503$494,699$1,597,901
80$1,930,378$686,174$477,304$1,713,440
81$2,092,240$684,760$458,257$1,839,724
82$2,269,508$682,172$437,468$1,977,832
83$2,463,718$678,320$414,844$2,128,959
84$2,676,564$673,104$390,288$2,294,417
85$2,909,909$666,421$363,698$2,475,656
86$3,165,806$658,162$334,967$2,674,273
87$3,446,515$648,209$303,986$2,892,028
88$3,754,527$636,439$270,637$3,130,861
89$4,092,585$622,721$234,800$3,392,914
90$4,463,711$606,916$196,347$3,680,542
91$4,871,232$588,878$155,148$3,996,347
92$5,318,816$568,450$111,063$4,343,194
93$5,810,501$545,470$63,950$4,724,240
94$6,350,736$519,762$13,656$5,142,970
95$6,944,424$491,143$0$5,603,220
96$7,596,963$459,418$0$6,113,492
97$8,314,305$424,381$0$6,676,013
98$9,103,003$385,814$0$7,294,483
99$9,970,278$343,488$0$7,974,588
100$10,924,086$297,158$0$8,722,596