Can I retire at age 65 with 544,000?

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 $544,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.2%
1 years$44,923$44,523$44,132$43,751$43,379$42,980
2 years$22,239$21,825$21,424$21,034$20,657$20,254
3 years$14,679$14,263$13,862$13,477$13,106$12,713
4 years$10,899$10,485$10,088$9,709$9,347$8,967
5 years$8,632$8,220$7,829$7,458$7,105$6,739
6 years$7,121$6,712$6,327$5,964$5,622$5,270
7 years$6,043$5,637$5,258$4,903$4,572$4,234
8 years$5,234$4,832$4,459$4,113$3,793$3,469
9 years$4,605$4,207$3,841$3,504$3,194$2,884
10 years$4,103$3,708$3,348$3,020$2,722$2,426
11 years$3,692$3,301$2,948$2,628$2,341$2,058
12 years$3,349$2,963$2,616$2,305$2,029$1,759
13 years$3,060$2,678$2,337$2,035$1,769$1,513
14 years$2,812$2,434$2,100$1,807$1,551$1,307
15 years$2,598$2,224$1,896$1,611$1,365$1,134
16 years$2,410$2,040$1,719$1,443$1,207$988
17 years$2,245$1,879$1,564$1,296$1,070$863
18 years$2,098$1,736$1,428$1,168$951$755
19 years$1,967$1,609$1,307$1,056$848$663
20 years$1,849$1,495$1,200$956$757$583
21 years$1,742$1,393$1,104$868$678$513
22 years$1,646$1,300$1,017$789$608$453
23 years$1,557$1,216$939$718$545$400
24 years$1,477$1,139$868$655$490$353
25 years$1,403$1,069$804$598$441$313
26 years$1,334$1,005$746$547$397$277
27 years$1,271$946$693$501$358$245
28 years$1,212$891$644$459$323$218
29 years$1,158$841$599$421$292$193
30 years$1,107$794$558$386$264$171
31 years$1,060$750$520$355$238$152
32 years$1,016$710$486$326$216$135
33 years$974$672$453$300$195$120
34 years$935$637$424$276$177$107
35 years$899$605$396$254$160$95
36 years$864$574$370$234$145$84
37 years$831$545$347$215$131$75
38 years$801$518$325$199$119$67
39 years$771$492$304$183$108$60
40 years$744$469$285$169$98$53
41 years$718$446$267$156$89$47
42 years$693$425$251$144$81$42
43 years$669$405$235$133$73$37
44 years$646$386$221$123$66$33
45 years$625$368$207$113$60$30
46 years$604$351$195$105$55$26
47 years$585$335$183$97$50$24
48 years$566$320$172$89$45$21
49 years$548$305$162$82$41$19
50 years$531$292$152$76$37$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $544,000, adding $3,783 every year, while hoping to spend $26,855 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: 53/33/14 Blend
64$544,000$544,000$544,000$544,000
65$603,390$574,558$566,126$632,931
66$636,362$574,138$556,518$653,087
67$671,798$572,797$545,688$671,819
68$709,919$570,462$533,566$691,592
69$750,971$567,055$520,081$712,510
70$795,223$562,493$505,156$734,691
71$842,969$556,689$488,713$758,265
72$894,535$549,550$470,667$783,379
73$950,276$540,976$450,933$810,193
74$1,010,584$530,864$429,419$838,887
75$1,075,890$519,103$406,031$869,661
76$1,146,667$505,575$380,670$902,736
77$1,223,437$490,158$353,232$938,358
78$1,306,770$472,719$323,608$976,802
79$1,397,298$453,120$291,686$1,018,370
80$1,495,713$431,213$257,348$1,063,400
81$1,602,777$406,843$220,470$1,112,264
82$1,719,328$379,846$180,924$1,165,376
83$1,846,289$350,048$138,574$1,223,197
84$1,984,675$317,265$93,281$1,286,235
85$2,135,603$281,302$44,897$1,355,054
86$2,300,304$241,955$0$1,430,280
87$2,480,130$199,006$0$1,513,611
88$2,676,572$152,227$0$1,612,031
89$2,891,271$101,374$0$1,719,700
90$3,126,032$46,193$0$1,837,584
91$3,382,844$0$0$1,966,752
92$3,663,897$0$0$2,113,316
93$3,971,600$0$0$2,292,195
94$4,308,611$0$0$2,488,165
95$4,677,851$0$0$2,702,931
96$5,082,542$0$0$2,938,374
97$5,526,228$0$0$3,196,565
98$6,012,817$0$0$3,479,782
99$6,546,609$0$0$3,790,539
100$7,132,344$0$0$4,131,602