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%14.9%
1 years$48,804$48,370$47,945$47,531$47,127$46,176
2 years$24,161$23,711$23,274$22,852$22,442$21,487
3 years$15,947$15,495$15,060$14,641$14,238$13,310
4 years$11,841$11,391$10,960$10,548$10,155$9,261
5 years$9,378$8,930$8,505$8,102$7,719$6,862
6 years$7,737$7,292$6,874$6,479$6,108$5,288
7 years$6,565$6,124$5,712$5,327$4,967$4,185
8 years$5,686$5,249$4,844$4,469$4,121$3,376
9 years$5,003$4,571$4,172$3,806$3,470$2,763
10 years$4,457$4,029$3,638$3,281$2,957$2,285
11 years$4,011$3,587$3,202$2,856$2,543$1,907
12 years$3,639$3,219$2,842$2,505$2,204$1,602
13 years$3,324$2,909$2,539$2,211$1,922$1,353
14 years$3,055$2,644$2,281$1,963$1,685$1,149
15 years$2,822$2,416$2,060$1,751$1,483$978
16 years$2,618$2,216$1,868$1,567$1,311$836
17 years$2,439$2,041$1,699$1,408$1,162$716
18 years$2,279$1,886$1,551$1,269$1,034$615
19 years$2,137$1,748$1,420$1,147$921$529
20 years$2,009$1,624$1,303$1,039$823$456
21 years$1,893$1,513$1,199$943$736$394
22 years$1,788$1,412$1,105$857$660$340
23 years$1,692$1,321$1,020$781$592$294
24 years$1,604$1,238$944$712$533$255
25 years$1,524$1,161$874$650$479$220
26 years$1,449$1,092$810$594$432$191
27 years$1,381$1,027$753$544$389$166
28 years$1,317$968$700$499$351$144
29 years$1,258$913$651$457$317$125
30 years$1,203$862$606$420$286$108
31 years$1,152$815$565$385$259$94
32 years$1,103$771$528$354$234$82
33 years$1,058$731$493$326$212$71
34 years$1,016$692$460$300$192$62
35 years$976$657$430$276$174$54
36 years$939$623$402$254$158$47
37 years$903$592$377$234$143$41
38 years$870$563$353$216$129$35
39 years$838$535$331$199$117$31
40 years$808$509$310$183$106$27
41 years$779$485$290$169$97$23
42 years$752$461$272$156$88$20
43 years$727$440$256$144$80$18
44 years$702$419$240$133$72$15
45 years$679$400$225$123$66$13
46 years$657$381$212$114$60$12
47 years$635$364$199$105$54$10
48 years$615$347$187$97$49$9
49 years$596$332$176$90$45$8
50 years$577$317$165$83$40$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $591,000, adding $3,702 every year, while hoping to spend $50,739 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: 70/12/18 Blend
64$591,000$591,000$591,000$591,000
65$655,101$623,778$614,617$697,885
66$667,935$600,357$581,221$703,440
67$680,378$574,088$545,005$703,136
68$692,336$544,778$505,822$701,528
69$703,704$512,222$463,518$698,480
70$714,366$476,204$417,929$693,845
71$724,189$436,497$368,888$687,462
72$733,029$392,858$316,219$679,155
73$740,723$345,032$259,736$668,733
74$747,088$292,750$199,249$655,985
75$751,923$235,727$134,556$640,684
76$755,003$173,661$65,447$622,578
77$756,078$106,236$0$601,395
78$754,871$33,115$0$578,430
79$751,074$0$0$565,282
80$744,344$0$0$555,136
81$734,303$0$0$546,790
82$720,530$0$0$535,546
83$702,558$0$0$521,044
84$679,872$0$0$502,886
85$651,901$0$0$480,629
86$618,010$0$0$453,785
87$577,501$0$0$421,814
88$529,598$0$0$384,116
89$473,445$0$0$340,030
90$408,094$0$0$288,825
91$332,497$0$0$229,691
92$245,496$0$0$161,735
93$145,813$0$0$83,968
94$32,033$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