Can I retire at age 65 with 596,000?

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 $596,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.9%
1 years$49,217$48,779$48,351$47,934$47,526$46,951
2 years$24,365$23,911$23,471$23,045$22,631$22,053
3 years$16,082$15,626$15,188$14,765$14,358$13,794
4 years$11,941$11,487$11,053$10,637$10,240$9,695
5 years$9,457$9,006$8,577$8,171$7,785$7,260
6 years$7,802$7,354$6,932$6,534$6,160$5,656
7 years$6,620$6,176$5,760$5,372$5,009$4,526
8 years$5,734$5,294$4,885$4,506$4,156$3,694
9 years$5,046$4,609$4,208$3,839$3,500$3,059
10 years$4,495$4,063$3,668$3,309$2,982$2,561
11 years$4,045$3,617$3,230$2,880$2,565$2,164
12 years$3,670$3,246$2,866$2,526$2,222$1,842
13 years$3,353$2,934$2,561$2,230$1,938$1,576
14 years$3,081$2,667$2,301$1,980$1,699$1,356
15 years$2,846$2,436$2,077$1,765$1,496$1,171
16 years$2,641$2,235$1,883$1,581$1,322$1,015
17 years$2,459$2,058$1,714$1,420$1,172$882
18 years$2,299$1,902$1,564$1,280$1,042$768
19 years$2,155$1,763$1,432$1,157$929$671
20 years$2,026$1,638$1,314$1,047$830$587
21 years$1,909$1,526$1,209$951$743$514
22 years$1,803$1,424$1,114$864$666$451
23 years$1,706$1,332$1,029$787$597$396
24 years$1,618$1,248$951$718$537$348
25 years$1,537$1,171$881$656$483$306
26 years$1,462$1,101$817$600$435$270
27 years$1,393$1,036$759$549$392$238
28 years$1,328$976$706$503$354$210
29 years$1,269$921$657$461$320$185
30 years$1,213$870$612$423$289$163
31 years$1,161$822$570$389$261$144
32 years$1,113$778$532$357$236$127
33 years$1,067$737$497$328$214$113
34 years$1,025$698$464$302$194$99
35 years$984$662$434$278$175$88
36 years$947$629$406$256$159$78
37 years$911$597$380$236$144$69
38 years$877$567$356$218$131$61
39 years$845$540$333$201$118$54
40 years$815$513$312$185$107$48
41 years$786$489$293$171$97$42
42 years$759$465$275$158$88$37
43 years$733$443$258$145$80$33
44 years$708$423$242$134$73$29
45 years$685$403$227$124$66$26
46 years$662$384$213$115$60$23
47 years$641$367$201$106$55$20
48 years$620$350$188$98$49$18
49 years$601$334$177$90$45$16
50 years$582$320$167$84$41$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $596,000, adding $6,218 every year, while hoping to spend $38,031 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: 59/24/17 Blend
64$596,000$596,000$596,000$596,000
65$663,206$631,618$622,380$699,070
66$690,388$622,102$602,765$714,541
67$719,068$610,846$581,218$726,668
68$749,359$597,723$557,635$739,017
69$781,384$582,602$531,905$751,617
70$815,276$565,340$503,915$764,498
71$851,181$545,789$473,544$777,697
72$889,261$523,792$440,667$791,257
73$929,690$499,182$405,153$805,226
74$972,658$471,782$366,866$819,662
75$1,018,376$441,406$325,663$834,627
76$1,067,072$407,857$281,394$850,195
77$1,118,997$370,925$233,904$866,448
78$1,174,426$330,391$183,031$883,483
79$1,233,659$286,022$128,604$901,406
80$1,297,025$237,571$70,446$920,337
81$1,364,888$184,778$8,372$940,416
82$1,437,643$127,368$0$961,796
83$1,515,726$65,052$0$995,149
84$1,599,613$0$0$1,032,478
85$1,689,829$0$0$1,073,176
86$1,786,949$0$0$1,135,518
87$1,891,606$0$0$1,202,734
88$2,004,493$0$0$1,275,276
89$2,126,372$0$0$1,353,637
90$2,258,082$0$0$1,438,362
91$2,400,543$0$0$1,530,049
92$2,554,768$0$0$1,629,355
93$2,721,868$0$0$1,737,001
94$2,903,069$0$0$1,853,784
95$3,099,713$0$0$1,980,576
96$3,313,283$0$0$2,118,338
97$3,545,404$0$0$2,268,128
98$3,797,868$0$0$2,431,109
99$4,072,645$0$0$2,608,561
100$4,371,902$0$0$2,801,891