Can I retire at age 65 with 571,000?

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 $571,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.4%
1 years$47,153$46,733$46,323$45,923$45,532$45,076
2 years$23,343$22,908$22,487$22,078$21,682$21,222
3 years$15,407$14,971$14,550$14,146$13,756$13,307
4 years$11,440$11,005$10,589$10,191$9,811$9,376
5 years$9,061$8,628$8,218$7,828$7,458$7,039
6 years$7,475$7,046$6,641$6,260$5,901$5,499
7 years$6,343$5,917$5,519$5,147$4,799$4,413
8 years$5,494$5,072$4,680$4,317$3,982$3,612
9 years$4,834$4,416$4,031$3,677$3,353$2,999
10 years$4,306$3,892$3,514$3,170$2,857$2,519
11 years$3,875$3,465$3,094$2,759$2,457$2,135
12 years$3,516$3,110$2,746$2,420$2,129$1,823
13 years$3,212$2,811$2,453$2,136$1,857$1,565
14 years$2,952$2,555$2,204$1,896$1,628$1,351
15 years$2,727$2,334$1,990$1,691$1,433$1,171
16 years$2,530$2,141$1,804$1,514$1,267$1,018
17 years$2,356$1,972$1,642$1,361$1,123$888
18 years$2,202$1,822$1,499$1,226$999$776
19 years$2,064$1,689$1,372$1,108$890$680
20 years$1,941$1,569$1,259$1,004$795$597
21 years$1,829$1,462$1,158$911$711$525
22 years$1,727$1,365$1,068$828$638$462
23 years$1,635$1,276$986$754$572$408
24 years$1,550$1,196$912$688$515$360
25 years$1,472$1,122$844$628$463$318
26 years$1,400$1,055$783$574$417$281
27 years$1,334$993$727$526$376$249
28 years$1,273$935$676$482$339$220
29 years$1,216$882$629$442$306$195
30 years$1,162$833$586$405$277$173
31 years$1,113$788$546$372$250$153
32 years$1,066$745$510$342$226$136
33 years$1,023$706$476$315$205$121
34 years$982$669$445$290$185$107
35 years$943$635$416$267$168$95
36 years$907$602$389$245$152$84
37 years$873$572$364$226$138$75
38 years$840$544$341$208$125$67
39 years$810$517$319$192$113$59
40 years$781$492$299$177$103$53
41 years$753$468$281$164$93$47
42 years$727$446$263$151$85$42
43 years$702$425$247$139$77$37
44 years$678$405$232$129$70$33
45 years$656$386$218$119$63$29
46 years$634$368$205$110$58$26
47 years$614$352$192$101$52$23
48 years$594$336$181$94$47$21
49 years$575$320$170$87$43$18
50 years$557$306$160$80$39$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $571,000, adding $4,602 every year, while hoping to spend $21,100 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: 63/19/18 Blend
64$571,000$571,000$571,000$571,000
65$633,989$603,726$594,875$670,769
66$676,206$610,858$592,354$703,195
67$722,021$617,633$589,040$735,793
68$771,780$624,010$584,886$770,895
69$825,863$629,947$579,840$808,747
70$884,685$635,399$573,850$849,619
71$948,707$640,318$566,857$893,810
72$1,018,433$644,651$558,805$941,650
73$1,094,420$648,346$549,632$993,502
74$1,177,278$651,342$539,272$1,049,767
75$1,267,682$653,579$527,659$1,110,889
76$1,366,372$654,991$514,722$1,177,355
77$1,474,164$655,508$500,387$1,249,703
78$1,591,957$655,055$484,578$1,328,530
79$1,720,738$653,555$467,213$1,414,489
80$1,861,596$650,922$448,207$1,508,306
81$2,015,730$647,068$427,474$1,610,776
82$2,184,460$641,900$404,919$1,722,783
83$2,369,239$635,317$380,448$1,845,295
84$2,571,666$627,213$353,958$1,979,385
85$2,793,506$617,476$325,346$2,126,234
86$3,036,699$605,987$294,500$2,287,146
87$3,303,382$592,621$261,305$2,463,559
88$3,595,910$577,243$225,642$2,657,059
89$3,916,878$559,712$187,386$2,869,394
90$4,269,140$539,879$146,405$3,102,494
91$4,655,845$517,586$102,562$3,358,487
92$5,080,458$492,664$55,715$3,639,719
93$5,546,798$464,938$5,714$3,948,779
94$6,059,071$434,219$0$4,288,519
95$6,621,910$400,310$0$4,671,240
96$7,240,421$363,001$0$5,093,026
97$7,920,226$322,070$0$5,556,639
98$8,667,522$277,285$0$6,066,334
99$9,489,135$228,397$0$6,626,799
100$10,392,584$175,146$0$7,243,205