Can I retire at age 65 with 594,000?

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 $594,000?

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$49,052$48,615$48,189$47,773$47,366$46,410
2 years$24,283$23,831$23,393$22,968$22,555$21,596
3 years$16,028$15,574$15,137$14,716$14,310$13,378
4 years$11,901$11,448$11,016$10,602$10,206$9,308
5 years$9,426$8,976$8,549$8,143$7,758$6,897
6 years$7,776$7,329$6,908$6,512$6,139$5,315
7 years$6,598$6,155$5,741$5,354$4,993$4,207
8 years$5,715$5,276$4,869$4,491$4,142$3,393
9 years$5,029$4,594$4,193$3,826$3,488$2,777
10 years$4,480$4,049$3,656$3,298$2,972$2,297
11 years$4,031$3,605$3,219$2,870$2,556$1,917
12 years$3,657$3,235$2,856$2,517$2,215$1,610
13 years$3,341$2,924$2,552$2,222$1,932$1,360
14 years$3,071$2,658$2,293$1,973$1,693$1,154
15 years$2,836$2,428$2,070$1,759$1,491$983
16 years$2,632$2,228$1,877$1,575$1,318$840
17 years$2,451$2,051$1,708$1,415$1,168$720
18 years$2,291$1,896$1,559$1,276$1,039$618
19 years$2,148$1,757$1,427$1,153$926$532
20 years$2,019$1,633$1,310$1,044$827$458
21 years$1,902$1,521$1,205$947$740$396
22 years$1,797$1,420$1,111$861$663$342
23 years$1,701$1,328$1,025$785$595$296
24 years$1,612$1,244$948$716$535$256
25 years$1,531$1,167$878$653$482$222
26 years$1,457$1,097$815$597$434$192
27 years$1,388$1,033$756$547$391$167
28 years$1,324$973$703$501$353$144
29 years$1,264$918$654$460$319$125
30 years$1,209$867$610$422$288$109
31 years$1,157$819$568$387$260$95
32 years$1,109$775$530$356$235$82
33 years$1,064$734$495$327$213$71
34 years$1,021$696$463$301$193$62
35 years$981$660$432$277$175$54
36 years$943$626$405$255$158$47
37 years$908$595$379$235$144$41
38 years$874$565$355$217$130$35
39 years$842$538$332$200$118$31
40 years$812$512$311$184$107$27
41 years$783$487$292$170$97$23
42 years$756$464$274$157$88$20
43 years$730$442$257$145$80$18
44 years$706$421$241$134$73$15
45 years$682$402$227$124$66$13
46 years$660$383$213$114$60$12
47 years$639$366$200$105$54$10
48 years$618$349$188$97$49$9
49 years$599$333$177$90$45$8
50 years$580$318$166$83$41$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $594,000, adding $5,782 every year, while hoping to spend $25,211 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: 50/39/11 Blend
64$594,000$594,000$594,000$594,000
65$660,552$629,070$619,863$691,352
66$701,104$633,070$613,804$717,064
67$744,947$636,421$606,697$741,847
68$792,391$639,065$598,481$768,200
69$843,775$640,940$589,090$796,278
70$899,473$641,978$578,457$826,252
71$959,896$642,111$566,512$858,312
72$1,025,494$641,264$553,180$892,668
73$1,096,767$639,358$538,383$929,552
74$1,174,259$636,308$522,040$969,222
75$1,258,572$632,026$504,068$1,011,963
76$1,350,368$626,418$484,376$1,058,092
77$1,450,375$619,382$462,872$1,107,958
78$1,559,395$610,813$439,460$1,161,948
79$1,678,308$600,598$414,037$1,220,491
80$1,808,087$588,618$386,498$1,284,060
81$1,949,798$574,747$356,732$1,353,180
82$2,104,618$558,850$324,623$1,428,432
83$2,273,842$540,787$290,051$1,510,456
84$2,458,895$520,406$252,889$1,599,964
85$2,661,347$497,551$213,006$1,697,739
86$2,882,926$472,053$170,263$1,804,651
87$3,125,535$443,734$124,517$1,921,658
88$3,391,269$412,406$75,618$2,049,822
89$3,682,437$377,872$23,409$2,190,315
90$4,001,579$339,921$0$2,344,433
91$4,351,495$298,332$0$2,517,401
92$4,735,268$252,871$0$2,710,188
93$5,156,293$203,289$0$2,921,813
94$5,618,310$149,326$0$3,154,230
95$6,125,439$90,705$0$3,409,595
96$6,682,219$27,134$0$3,690,291
97$7,293,648$0$0$3,998,944
98$7,965,232$0$0$4,356,350
99$8,703,039$0$0$4,761,858
100$9,513,750$0$0$5,207,504