Can I retire at age 65 with 569,000?

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 $569,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.4%
1 years$46,987$46,569$46,161$45,762$45,373$45,106
2 years$23,261$22,828$22,408$22,001$21,606$21,337
3 years$15,353$14,918$14,499$14,096$13,708$13,444
4 years$11,400$10,967$10,552$10,156$9,777$9,521
5 years$9,029$8,598$8,189$7,800$7,432$7,185
6 years$7,449$7,021$6,618$6,238$5,881$5,643
7 years$6,320$5,896$5,499$5,129$4,783$4,554
8 years$5,475$5,054$4,664$4,302$3,968$3,748
9 years$4,817$4,400$4,017$3,665$3,341$3,131
10 years$4,291$3,879$3,502$3,159$2,847$2,646
11 years$3,861$3,453$3,083$2,749$2,448$2,256
12 years$3,503$3,099$2,736$2,411$2,122$1,938
13 years$3,201$2,801$2,445$2,129$1,850$1,675
14 years$2,942$2,546$2,197$1,890$1,622$1,455
15 years$2,717$2,326$1,983$1,685$1,428$1,270
16 years$2,521$2,134$1,798$1,509$1,262$1,112
17 years$2,348$1,965$1,636$1,356$1,119$976
18 years$2,194$1,816$1,494$1,222$995$860
19 years$2,057$1,683$1,367$1,104$887$759
20 years$1,934$1,564$1,255$1,000$792$671
21 years$1,822$1,457$1,154$908$709$594
22 years$1,721$1,360$1,064$825$635$527
23 years$1,629$1,272$982$752$570$468
24 years$1,545$1,192$908$685$513$417
25 years$1,467$1,118$841$626$461$371
26 years$1,395$1,051$780$572$416$331
27 years$1,329$989$725$524$375$295
28 years$1,268$932$674$480$338$263
29 years$1,211$879$627$440$305$235
30 years$1,158$830$584$404$276$210
31 years$1,109$785$544$371$249$188
32 years$1,062$743$508$341$226$168
33 years$1,019$703$474$314$204$150
34 years$978$667$443$288$185$134
35 years$940$632$414$266$167$120
36 years$904$600$388$245$152$108
37 years$870$570$363$225$137$96
38 years$837$542$340$208$125$86
39 years$807$515$318$192$113$77
40 years$778$490$298$177$103$69
41 years$750$466$280$163$93$62
42 years$724$444$262$150$84$56
43 years$700$423$246$139$77$50
44 years$676$403$231$128$70$45
45 years$654$385$217$118$63$40
46 years$632$367$204$109$57$36
47 years$612$350$191$101$52$32
48 years$592$334$180$93$47$29
49 years$573$319$169$86$43$26
50 years$556$305$159$80$39$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $569,000, adding $6,078 every year, while hoping to spend $24,933 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: 49/28/23 Blend
64$569,000$569,000$569,000$569,000
65$633,307$603,150$594,331$659,958
66$671,376$606,176$587,713$682,172
67$712,493$608,515$580,037$703,296
68$756,941$610,106$571,242$725,736
69$805,033$610,886$561,263$749,625
70$857,114$610,787$550,033$775,115
71$913,562$609,737$537,481$802,371
72$974,791$607,660$523,532$831,577
73$1,041,258$604,474$508,110$862,939
74$1,113,468$600,095$491,132$896,682
75$1,191,971$594,429$472,515$933,060
76$1,277,378$587,381$452,170$972,350
77$1,370,356$578,849$430,003$1,014,863
78$1,471,643$568,723$405,919$1,060,940
79$1,582,048$556,888$379,815$1,110,962
80$1,702,465$543,223$351,586$1,165,350
81$1,833,873$527,598$321,121$1,224,570
82$1,977,355$509,877$288,306$1,289,136
83$2,134,099$489,915$253,018$1,359,622
84$2,305,416$467,560$215,132$1,436,659
85$2,492,746$442,648$174,517$1,520,946
86$2,697,678$415,009$131,035$1,613,259
87$2,921,958$384,462$84,543$1,714,453
88$3,167,513$350,816$34,890$1,825,477
89$3,436,461$313,867$0$1,947,377
90$3,731,136$273,403$0$2,085,756
91$4,054,109$229,197$0$2,246,878
92$4,408,211$181,011$0$2,423,631
93$4,796,560$128,591$0$2,617,624
94$5,222,589$71,672$0$2,830,632
95$5,690,083$9,973$0$3,064,616
96$6,203,206$0$0$3,321,737
97$6,766,549$0$0$3,621,883
98$7,385,167$0$0$3,954,919
99$8,064,630$0$0$4,320,779
100$8,811,073$0$0$4,722,773