Can I retire at age 65 with 597,000?

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 $597,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.3%
1 years$49,300$48,861$48,432$48,014$47,606$46,379
2 years$24,406$23,951$23,511$23,084$22,669$21,442
3 years$16,109$15,652$15,213$14,790$14,382$13,193
4 years$11,961$11,506$11,071$10,655$10,258$9,114
5 years$9,473$9,021$8,592$8,184$7,798$6,704
6 years$7,815$7,366$6,943$6,545$6,170$5,127
7 years$6,631$6,186$5,770$5,381$5,018$4,026
8 years$5,744$5,303$4,893$4,514$4,163$3,221
9 years$5,054$4,617$4,215$3,845$3,506$2,614
10 years$4,502$4,070$3,674$3,314$2,987$2,144
11 years$4,051$3,623$3,235$2,885$2,569$1,773
12 years$3,676$3,252$2,871$2,530$2,226$1,476
13 years$3,358$2,939$2,565$2,234$1,941$1,235
14 years$3,086$2,671$2,305$1,983$1,702$1,038
15 years$2,851$2,440$2,081$1,768$1,498$876
16 years$2,645$2,239$1,887$1,583$1,324$741
17 years$2,463$2,062$1,717$1,423$1,174$629
18 years$2,302$1,905$1,567$1,282$1,044$534
19 years$2,158$1,766$1,435$1,158$931$455
20 years$2,029$1,641$1,317$1,049$831$388
21 years$1,912$1,528$1,211$952$744$331
22 years$1,806$1,427$1,116$866$667$283
23 years$1,709$1,334$1,031$788$598$242
24 years$1,621$1,250$953$719$538$207
25 years$1,539$1,173$883$657$484$177
26 years$1,464$1,103$819$601$436$152
27 years$1,395$1,038$760$550$393$130
28 years$1,331$978$707$504$355$112
29 years$1,271$922$658$462$320$96
30 years$1,215$871$613$424$289$82
31 years$1,163$824$571$389$262$71
32 years$1,115$779$533$358$237$61
33 years$1,069$738$498$329$214$52
34 years$1,026$699$465$303$194$45
35 years$986$663$435$279$176$38
36 years$948$630$407$257$159$33
37 years$912$598$381$236$144$28
38 years$879$568$356$218$131$24
39 years$847$540$334$201$119$21
40 years$816$514$313$185$108$18
41 years$787$489$293$171$98$16
42 years$760$466$275$158$89$13
43 years$734$444$258$146$80$11
44 years$709$423$242$135$73$10
45 years$686$404$228$124$66$8
46 years$663$385$214$115$60$7
47 years$642$368$201$106$55$6
48 years$621$351$189$98$50$5
49 years$602$335$177$91$45$5
50 years$583$320$167$84$41$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $597,000, adding $5,813 every year, while hoping to spend $45,672 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: 45/34/21 Blend
64$597,000$597,000$597,000$597,000
65$663,890$632,249$622,996$689,516
66$683,012$614,635$595,271$690,498
67$702,554$594,626$565,088$686,608
68$722,510$572,059$532,314$681,452
69$742,873$546,757$496,813$674,935
70$763,633$518,535$458,443$666,953
71$784,778$487,197$417,055$657,400
72$806,292$452,536$372,493$646,159
73$828,157$414,333$324,594$633,109
74$850,349$372,356$273,189$618,119
75$872,844$326,361$218,100$601,050
76$895,610$276,088$159,142$581,754
77$918,610$221,265$96,122$560,074
78$941,804$161,602$28,837$535,843
79$965,142$96,794$0$508,882
80$988,570$26,521$0$488,630
81$1,012,024$0$0$472,778
82$1,035,433$0$0$473,235
83$1,058,716$0$0$483,514
84$1,081,780$0$0$493,644
85$1,104,522$0$0$503,573
86$1,126,824$0$0$513,242
87$1,148,554$0$0$522,583
88$1,169,565$0$0$531,522
89$1,189,690$0$0$539,976
90$1,208,745$0$0$547,850
91$1,226,521$0$0$555,041
92$1,242,786$0$0$561,431
93$1,257,281$0$0$566,891
94$1,269,719$0$0$571,276
95$1,279,778$0$0$574,426
96$1,287,099$0$0$576,160
97$1,291,287$0$0$576,280
98$1,291,898$0$0$574,564
99$1,288,441$0$0$570,769
100$1,280,372$0$0$564,620