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%12.1%
1 years$48,144$47,715$47,296$46,888$46,489$46,080
2 years$23,833$23,390$22,959$22,542$22,138$21,726
3 years$15,731$15,285$14,856$14,443$14,045$13,643
4 years$11,681$11,236$10,812$10,405$10,017$9,628
5 years$9,251$8,809$8,390$7,992$7,615$7,239
6 years$7,632$7,194$6,781$6,392$6,025$5,664
7 years$6,476$6,041$5,635$5,255$4,900$4,553
8 years$5,609$5,178$4,779$4,408$4,065$3,733
9 years$4,935$4,509$4,116$3,755$3,423$3,105
10 years$4,397$3,974$3,588$3,237$2,917$2,613
11 years$3,956$3,538$3,159$2,817$2,509$2,219
12 years$3,590$3,176$2,804$2,471$2,174$1,898
13 years$3,279$2,870$2,505$2,181$1,896$1,633
14 years$3,014$2,609$2,251$1,936$1,662$1,412
15 years$2,784$2,383$2,032$1,727$1,463$1,226
16 years$2,583$2,186$1,842$1,546$1,293$1,068
17 years$2,406$2,013$1,676$1,389$1,147$934
18 years$2,248$1,861$1,530$1,252$1,020$818
19 years$2,108$1,724$1,401$1,131$909$719
20 years$1,981$1,602$1,286$1,025$812$632
21 years$1,867$1,493$1,183$930$726$557
22 years$1,764$1,393$1,090$845$651$492
23 years$1,669$1,303$1,006$770$584$434
24 years$1,583$1,221$931$702$525$384
25 years$1,503$1,146$862$641$473$340
26 years$1,430$1,077$800$586$426$302
27 years$1,362$1,013$742$537$384$267
28 years$1,299$955$690$492$346$237
29 years$1,241$901$642$451$313$211
30 years$1,187$851$598$414$283$187
31 years$1,136$804$558$380$256$166
32 years$1,089$761$520$349$231$148
33 years$1,044$721$486$321$209$132
34 years$1,002$683$454$296$189$117
35 years$963$648$424$272$172$104
36 years$926$615$397$251$155$93
37 years$891$584$372$231$141$83
38 years$858$555$348$213$128$74
39 years$827$528$326$196$116$66
40 years$797$502$306$181$105$58
41 years$769$478$287$167$95$52
42 years$742$455$269$154$86$46
43 years$717$434$252$142$78$41
44 years$693$413$237$131$71$37
45 years$670$394$222$121$65$33
46 years$648$376$209$112$59$29
47 years$627$359$196$104$53$26
48 years$607$343$184$96$48$23
49 years$588$327$173$88$44$21
50 years$569$313$163$82$40$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $583,000, adding $2,839 every year, while hoping to spend $51,226 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: 65/20/15 Blend
64$583,000$583,000$583,000$583,000
65$645,394$614,495$605,459$684,841
66$656,721$590,102$571,238$687,190
67$667,485$562,796$534,153$683,562
68$677,577$532,381$494,055$678,337
69$686,871$498,649$450,788$671,358
70$695,229$461,380$404,186$662,454
71$702,496$420,341$354,080$651,440
72$708,499$375,286$300,290$638,111
73$713,046$325,955$242,630$622,248
74$715,924$272,075$180,906$603,609
75$716,895$213,353$114,913$581,933
76$715,696$149,485$44,440$556,934
77$712,033$80,146$0$528,299
78$705,582$4,994$0$500,612
79$695,982$0$0$476,489
80$682,832$0$0$465,243
81$665,692$0$0$452,213
82$644,069$0$0$435,949
83$617,421$0$0$416,061
84$585,145$0$0$392,117
85$546,578$0$0$363,639
86$500,981$0$0$330,100
87$447,541$0$0$290,915
88$385,357$0$0$245,439
89$313,433$0$0$192,956
90$230,670$0$0$132,679
91$135,851$0$0$63,735
92$27,632$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