Can I retire at age 65 with 550,000?

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 $550,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.6%
1 years$45,418$45,014$44,619$44,234$43,858$42,335
2 years$22,484$22,066$21,660$21,266$20,885$19,367
3 years$14,841$14,420$14,015$13,626$13,250$11,784
4 years$11,020$10,600$10,200$9,816$9,450$8,047
5 years$8,728$8,311$7,915$7,540$7,184$5,848
6 years$7,200$6,786$6,397$6,030$5,684$4,416
7 years$6,109$5,699$5,316$4,957$4,623$3,423
8 years$5,292$4,885$4,508$4,159$3,835$2,702
9 years$4,656$4,254$3,883$3,542$3,230$2,162
10 years$4,148$3,749$3,385$3,053$2,752$1,747
11 years$3,732$3,338$2,980$2,657$2,367$1,424
12 years$3,386$2,996$2,645$2,331$2,051$1,167
13 years$3,094$2,707$2,363$2,058$1,788$962
14 years$2,843$2,461$2,123$1,827$1,568$796
15 years$2,626$2,248$1,917$1,629$1,380$661
16 years$2,437$2,063$1,738$1,459$1,220$550
17 years$2,270$1,900$1,582$1,311$1,082$459
18 years$2,121$1,755$1,444$1,181$962$383
19 years$1,989$1,627$1,322$1,067$857$321
20 years$1,869$1,512$1,213$967$766$269
21 years$1,762$1,408$1,116$877$685$225
22 years$1,664$1,314$1,028$798$614$189
23 years$1,575$1,229$949$726$551$159
24 years$1,493$1,152$878$663$496$134
25 years$1,418$1,081$813$605$446$112
26 years$1,349$1,016$754$553$402$94
27 years$1,285$956$700$506$362$79
28 years$1,226$901$651$464$327$67
29 years$1,171$850$606$425$295$56
30 years$1,120$803$564$390$267$47
31 years$1,072$759$526$359$241$40
32 years$1,027$718$491$330$218$34
33 years$985$680$458$303$197$28
34 years$946$644$428$279$179$24
35 years$908$611$400$257$162$20
36 years$874$580$375$236$147$17
37 years$841$551$351$218$133$14
38 years$809$524$328$201$120$12
39 years$780$498$308$185$109$10
40 years$752$474$288$171$99$9
41 years$725$451$270$158$90$7
42 years$700$429$254$145$82$6
43 years$676$409$238$134$74$5
44 years$653$390$223$124$67$4
45 years$632$372$210$114$61$4
46 years$611$355$197$106$55$3
47 years$591$339$185$98$50$3
48 years$572$323$174$90$46$2
49 years$554$309$163$83$41$2
50 years$537$295$154$77$38$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $550,000, adding $6,840 every year, while hoping to spend $30,258 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: 52/27/21 Blend
64$550,000$550,000$550,000$550,000
65$613,155$584,005$575,480$641,153
66$643,503$580,427$562,565$657,604
67$675,932$575,660$548,202$671,794
68$710,623$569,613$532,313$686,588
69$747,773$562,190$514,812$702,055
70$787,599$553,291$495,611$718,271
71$830,339$542,808$474,620$735,322
72$876,255$530,627$451,741$753,305
73$925,633$516,627$426,874$772,328
74$978,787$500,682$399,914$792,512
75$1,036,064$482,655$370,751$813,994
76$1,097,841$462,404$339,270$836,926
77$1,164,538$439,779$305,352$861,477
78$1,236,611$414,618$268,872$887,838
79$1,314,564$386,753$229,698$916,222
80$1,398,950$356,005$187,693$946,865
81$1,490,378$322,184$142,717$980,031
82$1,589,518$285,092$94,618$1,016,016
83$1,697,103$244,517$43,243$1,055,146
84$1,813,944$200,235$0$1,097,788
85$1,940,931$152,011$0$1,146,944
86$2,079,043$99,595$0$1,210,979
87$2,229,356$42,726$0$1,280,736
88$2,393,055$0$0$1,356,816
89$2,571,446$0$0$1,445,490
90$2,765,963$0$0$1,556,072
91$2,978,186$0$0$1,676,773
92$3,209,854$0$0$1,808,588
93$3,462,881$0$0$1,952,612
94$3,739,373$0$0$2,110,053
95$4,041,651$0$0$2,282,239
96$4,372,268$0$0$2,470,631
97$4,734,037$0$0$2,676,841
98$5,130,054$0$0$2,902,642
99$5,563,728$0$0$3,149,987
100$6,038,816$0$0$3,421,026