Can I retire at age 65 with 592,000?

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 $592,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.6%
1 years$48,887$48,451$48,026$47,612$47,207$46,501
2 years$24,201$23,751$23,314$22,890$22,479$21,770
3 years$15,974$15,521$15,086$14,666$14,262$13,571
4 years$11,861$11,410$10,978$10,566$10,172$9,505
5 years$9,394$8,945$8,520$8,116$7,732$7,091
6 years$7,750$7,305$6,885$6,490$6,118$5,503
7 years$6,576$6,134$5,722$5,336$4,976$4,387
8 years$5,696$5,258$4,852$4,476$4,128$3,566
9 years$5,012$4,578$4,179$3,813$3,476$2,941
10 years$4,465$4,036$3,644$3,287$2,962$2,452
11 years$4,017$3,593$3,208$2,860$2,547$2,063
12 years$3,645$3,225$2,847$2,509$2,208$1,748
13 years$3,330$2,914$2,543$2,215$1,925$1,489
14 years$3,060$2,649$2,285$1,966$1,687$1,275
15 years$2,827$2,420$2,063$1,754$1,486$1,096
16 years$2,623$2,220$1,871$1,570$1,313$945
17 years$2,443$2,045$1,702$1,411$1,164$817
18 years$2,283$1,889$1,554$1,271$1,035$708
19 years$2,140$1,751$1,423$1,149$923$615
20 years$2,012$1,627$1,306$1,040$824$535
21 years$1,896$1,516$1,201$944$738$467
22 years$1,791$1,415$1,107$859$661$407
23 years$1,695$1,323$1,022$782$593$356
24 years$1,607$1,240$945$713$533$311
25 years$1,526$1,163$875$651$480$272
26 years$1,452$1,093$812$595$432$238
27 years$1,383$1,029$754$545$390$209
28 years$1,319$970$701$499$352$183
29 years$1,260$915$652$458$318$161
30 years$1,205$864$607$420$287$141
31 years$1,154$817$566$386$259$124
32 years$1,105$773$528$355$235$109
33 years$1,060$732$493$326$212$96
34 years$1,018$694$461$300$192$84
35 years$978$658$431$276$174$74
36 years$940$624$403$254$158$65
37 years$905$593$377$234$143$57
38 years$871$564$353$216$130$50
39 years$839$536$331$199$118$44
40 years$809$510$310$184$107$39
41 years$781$485$291$170$97$34
42 years$754$462$273$156$88$30
43 years$728$440$256$144$80$26
44 years$703$420$240$133$72$23
45 years$680$400$226$123$66$20
46 years$658$382$212$114$60$18
47 years$636$364$199$105$54$16
48 years$616$348$187$97$49$14
49 years$597$332$176$90$45$12
50 years$578$317$165$83$41$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $592,000, adding $4,417 every year, while hoping to spend $46,028 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: 60/20/20 Blend
64$592,000$592,000$592,000$592,000
65$656,940$625,564$616,388$692,666
66$674,975$607,243$588,064$699,051
67$693,306$586,482$557,248$700,566
68$711,916$563,112$523,808$701,180
69$730,782$536,956$487,607$700,811
70$749,880$507,825$448,500$699,375
71$769,180$475,520$406,337$696,779
72$788,647$439,831$360,959$692,924
73$808,241$400,535$312,203$687,701
74$827,917$357,397$259,898$680,998
75$847,623$310,168$203,863$672,690
76$867,299$258,585$143,911$662,645
77$886,879$202,371$79,847$650,719
78$906,286$141,233$11,468$636,758
79$925,435$74,860$0$620,598
80$944,228$2,927$0$615,185
81$962,556$0$0$610,666
82$980,298$0$0$620,920
83$997,315$0$0$631,313
84$1,013,454$0$0$641,099
85$1,028,544$0$0$650,163
86$1,042,391$0$0$658,377
87$1,054,783$0$0$665,598
88$1,065,480$0$0$671,669
89$1,074,216$0$0$676,411
90$1,080,695$0$0$679,628
91$1,084,587$0$0$681,101
92$1,085,526$0$0$680,587
93$1,083,106$0$0$677,817
94$1,076,875$0$0$672,490
95$1,066,333$0$0$664,273
96$1,050,923$0$0$652,799
97$1,030,029$0$0$637,659
98$1,002,970$0$0$618,401
99$968,989$0$0$594,523
100$927,249$0$0$565,469