Can I retire at age 65 with 591,000?

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 $591,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.9%
1 years$48,804$48,370$47,945$47,531$47,127$45,802
2 years$24,161$23,711$23,274$22,852$22,442$21,117
3 years$15,947$15,495$15,060$14,641$14,238$12,955
4 years$11,841$11,391$10,960$10,548$10,155$8,923
5 years$9,378$8,930$8,505$8,102$7,719$6,543
6 years$7,737$7,292$6,874$6,479$6,108$4,987
7 years$6,565$6,124$5,712$5,327$4,967$3,903
8 years$5,686$5,249$4,844$4,469$4,121$3,112
9 years$5,003$4,571$4,172$3,806$3,470$2,516
10 years$4,457$4,029$3,638$3,281$2,957$2,055
11 years$4,011$3,587$3,202$2,856$2,543$1,693
12 years$3,639$3,219$2,842$2,505$2,204$1,404
13 years$3,324$2,909$2,539$2,211$1,922$1,170
14 years$3,055$2,644$2,281$1,963$1,685$980
15 years$2,822$2,416$2,060$1,751$1,483$823
16 years$2,618$2,216$1,868$1,567$1,311$693
17 years$2,439$2,041$1,699$1,408$1,162$586
18 years$2,279$1,886$1,551$1,269$1,034$496
19 years$2,137$1,748$1,420$1,147$921$420
20 years$2,009$1,624$1,303$1,039$823$356
21 years$1,893$1,513$1,199$943$736$303
22 years$1,788$1,412$1,105$857$660$258
23 years$1,692$1,321$1,020$781$592$219
24 years$1,604$1,238$944$712$533$187
25 years$1,524$1,161$874$650$479$159
26 years$1,449$1,092$810$594$432$136
27 years$1,381$1,027$753$544$389$116
28 years$1,317$968$700$499$351$99
29 years$1,258$913$651$457$317$85
30 years$1,203$862$606$420$286$72
31 years$1,152$815$565$385$259$62
32 years$1,103$771$528$354$234$53
33 years$1,058$731$493$326$212$45
34 years$1,016$692$460$300$192$38
35 years$976$657$430$276$174$33
36 years$939$623$402$254$158$28
37 years$903$592$377$234$143$24
38 years$870$563$353$216$129$21
39 years$838$535$331$199$117$18
40 years$808$509$310$183$106$15
41 years$779$485$290$169$97$13
42 years$752$461$272$156$88$11
43 years$727$440$256$144$80$9
44 years$702$419$240$133$72$8
45 years$679$400$225$123$66$7
46 years$657$381$212$114$60$6
47 years$635$364$199$105$54$5
48 years$615$347$187$97$49$4
49 years$596$332$176$90$45$4
50 years$577$317$165$83$40$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $591,000, adding $2,334 every year, while hoping to spend $25,668 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: 57/29/14 Blend
64$591,000$591,000$591,000$591,000
65$653,690$622,367$613,206$688,478
66$693,055$625,552$606,438$715,484
67$735,576$628,033$598,583$741,878
68$781,547$629,749$589,577$770,041
69$831,291$630,633$579,354$800,148
70$885,165$630,616$567,845$832,390
71$943,560$629,625$554,976$866,982
72$1,006,907$627,580$540,672$904,159
73$1,075,679$624,399$524,852$944,180
74$1,150,397$619,993$507,433$987,335
75$1,231,634$614,269$488,328$1,033,943
76$1,320,019$607,127$467,446$1,084,355
77$1,416,247$598,462$444,691$1,138,961
78$1,521,080$588,162$419,964$1,198,193
79$1,635,357$576,110$393,160$1,262,527
80$1,760,004$562,179$364,171$1,332,489
81$1,896,036$546,238$332,883$1,408,663
82$2,044,574$528,146$299,177$1,491,690
83$2,206,850$507,754$262,928$1,582,282
84$2,384,220$484,906$224,008$1,681,226
85$2,578,179$459,434$182,281$1,789,389
86$2,790,370$431,164$137,604$1,907,730
87$3,022,606$399,909$89,832$2,037,309
88$3,276,879$365,472$38,809$2,179,297
89$3,555,387$327,646$0$2,334,987
90$3,860,546$286,211$0$2,508,142
91$4,195,021$240,934$0$2,704,343
92$4,561,744$191,571$0$2,919,554
93$4,963,947$137,862$0$3,155,724
94$5,405,186$79,534$0$3,415,006
95$5,889,382$16,298$0$3,699,773
96$6,420,850$0$0$4,012,643
97$7,004,348$0$0$4,373,149
98$7,645,112$0$0$4,774,802
99$8,348,913$0$0$5,216,025
100$9,122,108$0$0$5,700,809