Can I retire at age 65 with 584,000?

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 $584,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11%
1 years$48,226$47,797$47,377$46,968$46,569$46,373
2 years$23,874$23,430$22,999$22,581$22,176$21,978
3 years$15,758$15,312$14,882$14,468$14,069$13,875
4 years$11,701$11,256$10,830$10,423$10,034$9,846
5 years$9,267$8,825$8,405$8,006$7,628$7,446
6 years$7,645$7,206$6,792$6,403$6,036$5,860
7 years$6,487$6,052$5,644$5,264$4,909$4,740
8 years$5,619$5,187$4,787$4,416$4,072$3,910
9 years$4,944$4,516$4,123$3,761$3,429$3,274
10 years$4,404$3,981$3,594$3,242$2,922$2,773
11 years$3,963$3,544$3,164$2,822$2,513$2,371
12 years$3,596$3,181$2,808$2,475$2,178$2,042
13 years$3,285$2,875$2,509$2,185$1,899$1,769
14 years$3,019$2,613$2,254$1,940$1,665$1,541
15 years$2,789$2,387$2,035$1,730$1,466$1,348
16 years$2,587$2,190$1,845$1,549$1,295$1,183
17 years$2,410$2,017$1,679$1,392$1,149$1,042
18 years$2,252$1,864$1,533$1,254$1,021$920
19 years$2,111$1,727$1,403$1,133$910$814
20 years$1,985$1,605$1,288$1,026$813$722
21 years$1,870$1,495$1,185$931$728$642
22 years$1,767$1,396$1,092$847$652$571
23 years$1,672$1,305$1,008$771$585$509
24 years$1,585$1,223$932$703$526$454
25 years$1,506$1,148$864$642$474$405
26 years$1,432$1,079$801$587$427$362
27 years$1,364$1,015$744$538$385$324
28 years$1,302$957$691$493$347$290
29 years$1,243$902$643$452$313$260
30 years$1,189$852$599$415$283$233
31 years$1,138$806$559$381$256$209
32 years$1,090$762$521$350$232$187
33 years$1,046$722$487$322$210$168
34 years$1,004$684$455$296$190$151
35 years$965$649$425$273$172$136
36 years$928$616$398$251$156$122
37 years$893$585$372$231$141$110
38 years$859$556$349$213$128$99
39 years$828$529$327$197$116$89
40 years$798$503$306$181$105$80
41 years$770$479$287$167$95$72
42 years$744$456$269$154$87$64
43 years$718$434$253$143$79$58
44 years$694$414$237$132$71$52
45 years$671$395$223$122$65$47
46 years$649$377$209$112$59$42
47 years$628$360$197$104$53$38
48 years$608$343$185$96$49$34
49 years$589$328$174$89$44$31
50 years$570$313$163$82$40$28

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $584,000, adding $5,632 every year, while hoping to spend $39,390 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: 66/14/20 Blend
64$584,000$584,000$584,000$584,000
65$649,377$618,425$609,373$688,615
66$673,703$606,818$587,877$704,019
67$699,190$593,321$564,340$715,816
68$725,915$577,801$538,653$727,774
69$753,961$560,116$510,700$739,911
70$783,419$540,115$480,362$752,246
71$814,387$517,640$447,514$764,800
72$846,972$492,522$412,023$777,600
73$881,290$464,583$373,753$790,675
74$917,469$433,635$332,561$804,062
75$955,646$399,478$288,297$817,800
76$995,972$361,903$240,805$831,936
77$1,038,611$320,686$189,922$846,523
78$1,083,742$275,592$135,477$861,622
79$1,131,561$226,373$77,293$877,301
80$1,182,282$172,767$15,184$893,641
81$1,236,138$114,496$0$910,730
82$1,293,386$51,268$0$939,573
83$1,354,304$0$0$973,548
84$1,419,199$0$0$1,012,240
85$1,488,406$0$0$1,061,946
86$1,562,293$0$0$1,115,037
87$1,641,261$0$0$1,171,803
88$1,725,752$0$0$1,232,564
89$1,816,249$0$0$1,297,672
90$1,913,283$0$0$1,367,512
91$2,017,435$0$0$1,442,506
92$2,129,344$0$0$1,523,118
93$2,249,710$0$0$1,609,857
94$2,379,304$0$0$1,703,281
95$2,518,971$0$0$1,804,006
96$2,669,638$0$0$1,912,704
97$2,832,326$0$0$2,030,118
98$3,008,155$0$0$2,157,060
99$3,198,357$0$0$2,294,427
100$3,404,286$0$0$2,443,201