Can I retire at age 65 with 603,000?

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 $603,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.8%
1 years$49,795$49,352$48,919$48,497$48,084$47,721
2 years$24,651$24,192$23,747$23,316$22,897$22,531
3 years$16,271$15,810$15,366$14,939$14,527$14,169
4 years$12,081$11,622$11,182$10,762$10,361$10,014
5 years$9,569$9,112$8,678$8,267$7,876$7,542
6 years$7,894$7,440$7,013$6,611$6,232$5,910
7 years$6,698$6,248$5,828$5,435$5,068$4,759
8 years$5,802$5,356$4,943$4,559$4,205$3,908
9 years$5,105$4,663$4,257$3,884$3,541$3,257
10 years$4,548$4,111$3,711$3,348$3,017$2,746
11 years$4,092$3,659$3,267$2,913$2,595$2,336
12 years$3,713$3,284$2,900$2,556$2,249$2,002
13 years$3,392$2,968$2,591$2,256$1,961$1,726
14 years$3,117$2,698$2,328$2,003$1,719$1,495
15 years$2,879$2,465$2,102$1,786$1,513$1,301
16 years$2,672$2,261$1,905$1,599$1,338$1,136
17 years$2,488$2,083$1,734$1,437$1,186$995
18 years$2,326$1,924$1,583$1,295$1,054$874
19 years$2,180$1,783$1,449$1,170$940$769
20 years$2,049$1,657$1,330$1,060$840$678
21 years$1,931$1,544$1,223$962$751$599
22 years$1,824$1,441$1,127$874$673$530
23 years$1,726$1,348$1,041$796$605$469
24 years$1,637$1,263$963$726$543$416
25 years$1,555$1,185$892$663$489$369
26 years$1,479$1,114$827$607$440$328
27 years$1,409$1,048$768$555$397$291
28 years$1,344$988$714$509$358$259
29 years$1,284$932$664$466$324$231
30 years$1,227$880$619$428$292$206
31 years$1,175$832$577$393$264$183
32 years$1,126$787$538$361$239$163
33 years$1,080$745$503$332$216$146
34 years$1,037$706$470$306$196$130
35 years$996$670$439$281$177$116
36 years$958$636$411$259$161$103
37 years$922$604$384$239$146$92
38 years$887$574$360$220$132$82
39 years$855$546$337$203$120$74
40 years$824$519$316$187$109$66
41 years$795$494$296$173$99$59
42 years$768$471$278$159$89$52
43 years$741$449$261$147$81$47
44 years$716$428$245$136$74$42
45 years$693$408$230$125$67$37
46 years$670$389$216$116$61$33
47 years$648$371$203$107$55$30
48 years$628$354$191$99$50$27
49 years$608$338$179$91$45$24
50 years$589$323$168$85$41$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $603,000, adding $4,942 every year, while hoping to spend $44,562 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: 22/48/30 Blend
64$603,000$603,000$603,000$603,000
65$669,604$637,645$628,298$677,924
66$690,490$621,476$601,933$669,613
67$712,012$603,021$573,190$656,710
68$734,190$582,121$541,944$641,962
69$757,040$558,608$508,063$625,247
70$780,583$532,304$471,407$606,436
71$804,835$503,020$431,832$585,396
72$829,818$470,557$389,188$561,982
73$855,549$434,705$343,316$536,046
74$882,050$395,240$294,051$507,429
75$909,339$351,927$241,222$475,964
76$937,438$304,517$184,649$441,475
77$966,366$252,748$124,144$403,776
78$996,144$196,341$59,512$362,672
79$1,026,792$135,004$0$317,956
80$1,058,332$68,426$0$272,441
81$1,090,782$0$0$243,396
82$1,124,165$0$0$213,546
83$1,158,499$0$0$220,011
84$1,193,805$0$0$226,654
85$1,230,102$0$0$233,477
86$1,267,410$0$0$240,482
87$1,305,745$0$0$247,672
88$1,345,126$0$0$255,049
89$1,385,569$0$0$262,616
90$1,427,089$0$0$270,373
91$1,469,700$0$0$278,322
92$1,513,415$0$0$286,463
93$1,558,243$0$0$294,797
94$1,604,193$0$0$303,324
95$1,651,272$0$0$312,041
96$1,699,480$0$0$320,947
97$1,748,819$0$0$330,040
98$1,799,285$0$0$339,316
99$1,850,869$0$0$348,769
100$1,903,557$0$0$358,395