Can I retire at age 65 with 557,000?

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 $557,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.5%
1 years$45,997$45,587$45,187$44,797$44,416$43,063
2 years$22,771$22,346$21,935$21,537$21,150$19,799
3 years$15,030$14,604$14,194$13,799$13,419$12,111
4 years$11,160$10,735$10,329$9,941$9,570$8,317
5 years$8,839$8,417$8,016$7,636$7,275$6,079
6 years$7,292$6,873$6,478$6,107$5,757$4,619
7 years$6,187$5,772$5,383$5,021$4,682$3,602
8 years$5,359$4,947$4,566$4,212$3,884$2,862
9 years$4,715$4,308$3,932$3,587$3,271$2,305
10 years$4,201$3,797$3,428$3,092$2,787$1,876
11 years$3,780$3,380$3,018$2,691$2,397$1,540
12 years$3,429$3,034$2,679$2,361$2,077$1,272
13 years$3,133$2,742$2,393$2,084$1,811$1,056
14 years$2,879$2,492$2,150$1,850$1,588$880
15 years$2,660$2,277$1,941$1,650$1,398$736
16 years$2,468$2,089$1,760$1,477$1,236$618
17 years$2,298$1,924$1,602$1,327$1,095$519
18 years$2,148$1,778$1,462$1,196$974$437
19 years$2,014$1,647$1,338$1,081$868$369
20 years$1,893$1,531$1,228$979$775$312
21 years$1,784$1,426$1,130$888$694$264
22 years$1,685$1,331$1,041$808$622$223
23 years$1,595$1,245$962$736$558$189
24 years$1,512$1,166$889$671$502$160
25 years$1,436$1,095$824$613$452$136
26 years$1,366$1,029$764$560$407$116
27 years$1,301$968$709$513$367$98
28 years$1,241$912$659$470$331$83
29 years$1,186$861$614$431$299$71
30 years$1,134$813$572$395$270$60
31 years$1,085$768$533$363$244$51
32 years$1,040$727$497$334$221$43
33 years$998$689$464$307$200$37
34 years$958$653$434$282$181$31
35 years$920$619$406$260$164$27
36 years$885$587$379$239$148$23
37 years$851$558$355$221$135$19
38 years$820$530$332$203$122$16
39 years$790$504$312$187$111$14
40 years$762$480$292$173$100$12
41 years$735$457$274$160$91$10
42 years$709$435$257$147$83$9
43 years$685$414$241$136$75$7
44 years$662$395$226$125$68$6
45 years$640$377$212$116$62$5
46 years$619$359$199$107$56$5
47 years$599$343$187$99$51$4
48 years$580$327$176$91$46$3
49 years$561$313$166$84$42$3
50 years$544$299$156$78$38$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $557,000, adding $4,831 every year, while hoping to spend $31,233 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: 65/11/24 Blend
64$557,000$557,000$557,000$557,000
65$618,797$589,276$580,643$654,866
66$648,683$584,919$566,863$675,399
67$680,570$579,302$551,574$693,883
68$714,630$572,329$534,693$713,375
69$751,050$563,901$516,134$733,975
70$790,036$553,912$495,803$755,797
71$831,814$542,247$473,607$778,966
72$876,631$528,789$449,444$803,619
73$924,758$513,410$423,211$829,912
74$976,493$495,978$394,799$858,015
75$1,032,164$476,349$364,093$888,118
76$1,092,130$454,375$330,975$920,431
77$1,156,784$429,897$295,320$955,188
78$1,226,561$402,747$256,998$992,649
79$1,301,937$372,747$215,874$1,033,099
80$1,383,434$339,711$171,805$1,076,858
81$1,471,627$303,441$124,644$1,124,277
82$1,567,150$263,726$74,237$1,175,747
83$1,670,697$220,346$20,421$1,231,700
84$1,783,032$173,067$0$1,292,616
85$1,904,995$121,641$0$1,368,502
86$2,037,512$65,809$0$1,456,663
87$2,181,599$5,295$0$1,552,563
88$2,338,375$0$0$1,656,967
89$2,509,072$0$0$1,778,008
90$2,695,043$0$0$1,910,613
91$2,897,780$0$0$2,055,208
92$3,118,922$0$0$2,212,968
93$3,360,277$0$0$2,385,185
94$3,623,832$0$0$2,573,283
95$3,911,774$0$0$2,778,829
96$4,226,514$0$0$3,003,547
97$4,570,702$0$0$3,249,336
98$4,947,261$0$0$3,518,288
99$5,359,403$0$0$3,812,705
100$5,810,672$0$0$4,135,122