Can I retire at age 65 with 583,000?

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 $583,000?

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$48,144$47,715$47,296$46,888$46,489$46,138
2 years$23,833$23,390$22,959$22,542$22,138$21,784
3 years$15,731$15,285$14,856$14,443$14,045$13,699
4 years$11,681$11,236$10,812$10,405$10,017$9,682
5 years$9,251$8,809$8,390$7,992$7,615$7,292
6 years$7,632$7,194$6,781$6,392$6,025$5,714
7 years$6,476$6,041$5,635$5,255$4,900$4,601
8 years$5,609$5,178$4,779$4,408$4,065$3,779
9 years$4,935$4,509$4,116$3,755$3,423$3,149
10 years$4,397$3,974$3,588$3,237$2,917$2,655
11 years$3,956$3,538$3,159$2,817$2,509$2,258
12 years$3,590$3,176$2,804$2,471$2,174$1,935
13 years$3,279$2,870$2,505$2,181$1,896$1,668
14 years$3,014$2,609$2,251$1,936$1,662$1,446
15 years$2,784$2,383$2,032$1,727$1,463$1,258
16 years$2,583$2,186$1,842$1,546$1,293$1,098
17 years$2,406$2,013$1,676$1,389$1,147$962
18 years$2,248$1,861$1,530$1,252$1,020$845
19 years$2,108$1,724$1,401$1,131$909$743
20 years$1,981$1,602$1,286$1,025$812$655
21 years$1,867$1,493$1,183$930$726$579
22 years$1,764$1,393$1,090$845$651$512
23 years$1,669$1,303$1,006$770$584$453
24 years$1,583$1,221$931$702$525$402
25 years$1,503$1,146$862$641$473$357
26 years$1,430$1,077$800$586$426$317
27 years$1,362$1,013$742$537$384$282
28 years$1,299$955$690$492$346$251
29 years$1,241$901$642$451$313$223
30 years$1,187$851$598$414$283$199
31 years$1,136$804$558$380$256$177
32 years$1,089$761$520$349$231$158
33 years$1,044$721$486$321$209$141
34 years$1,002$683$454$296$189$126
35 years$963$648$424$272$172$112
36 years$926$615$397$251$155$100
37 years$891$584$372$231$141$89
38 years$858$555$348$213$128$80
39 years$827$528$326$196$116$71
40 years$797$502$306$181$105$64
41 years$769$478$287$167$95$57
42 years$742$455$269$154$86$51
43 years$717$434$252$142$78$45
44 years$693$413$237$131$71$41
45 years$670$394$222$121$65$36
46 years$648$376$209$112$59$32
47 years$627$359$196$104$53$29
48 years$607$343$184$96$48$26
49 years$588$327$173$88$44$23
50 years$569$313$163$82$40$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $583,000, adding $2,030 every year, while hoping to spend $52,027 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: 76/12/12 Blend
64$583,000$583,000$583,000$583,000
65$644,560$613,661$604,624$691,882
66$654,949$588,374$569,523$698,069
67$664,653$560,104$531,502$698,075
68$673,549$528,651$490,409$696,627
69$681,497$493,801$446,083$693,562
70$688,342$455,329$398,359$688,700
71$693,912$412,998$347,063$681,847
72$698,013$366,557$292,011$672,786
73$700,431$315,740$233,015$661,282
74$700,931$260,267$169,876$647,076
75$699,246$199,840$102,387$629,884
76$695,084$134,147$30,333$609,394
77$688,120$62,858$0$585,265
78$677,993$0$0$563,083
79$664,303$0$0$542,906
80$646,607$0$0$527,662
81$624,415$0$0$508,638
82$597,182$0$0$485,378
83$564,307$0$0$457,380
84$525,124$0$0$424,084
85$478,898$0$0$384,873
86$424,813$0$0$339,065
87$361,970$0$0$285,906
88$289,371$0$0$224,560
89$205,918$0$0$154,105
90$110,394$0$0$73,524
91$1,456$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0