Can I retire at age 65 with 577,000?

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 $577,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.1%
1 years$47,648$47,224$46,810$46,405$46,011$44,862
2 years$23,588$23,149$22,723$22,310$21,910$20,760
3 years$15,569$15,128$14,703$14,294$13,901$12,785
4 years$11,561$11,121$10,700$10,298$9,914$8,842
5 years$9,156$8,719$8,304$7,910$7,536$6,510
6 years$7,553$7,120$6,711$6,326$5,963$4,985
7 years$6,409$5,979$5,577$5,201$4,850$3,918
8 years$5,551$5,125$4,729$4,363$4,023$3,139
9 years$4,885$4,462$4,073$3,716$3,388$2,550
10 years$4,352$3,933$3,551$3,203$2,887$2,094
11 years$3,916$3,502$3,127$2,788$2,483$1,734
12 years$3,553$3,143$2,775$2,445$2,152$1,445
13 years$3,246$2,840$2,479$2,159$1,876$1,211
14 years$2,983$2,582$2,227$1,916$1,645$1,020
15 years$2,755$2,358$2,011$1,709$1,448$861
16 years$2,556$2,164$1,823$1,530$1,280$730
17 years$2,381$1,993$1,659$1,375$1,135$620
18 years$2,225$1,841$1,515$1,239$1,009$528
19 years$2,086$1,707$1,387$1,120$899$450
20 years$1,961$1,586$1,272$1,014$803$384
21 years$1,848$1,477$1,170$920$719$329
22 years$1,745$1,379$1,079$837$644$281
23 years$1,652$1,290$996$762$578$241
24 years$1,566$1,208$921$695$520$207
25 years$1,488$1,134$853$635$468$177
26 years$1,415$1,066$791$580$421$152
27 years$1,348$1,003$735$531$380$131
28 years$1,286$945$683$487$343$112
29 years$1,228$892$636$446$310$96
30 years$1,175$842$592$410$280$83
31 years$1,124$796$552$376$253$71
32 years$1,077$753$515$346$229$61
33 years$1,033$713$481$318$207$53
34 years$992$676$449$293$187$45
35 years$953$641$420$269$170$39
36 years$916$609$393$248$154$34
37 years$882$578$368$229$139$29
38 years$849$549$344$211$126$25
39 years$818$522$323$194$115$21
40 years$789$497$302$179$104$18
41 years$761$473$284$165$94$16
42 years$735$451$266$153$86$14
43 years$709$429$250$141$78$12
44 years$686$409$234$130$70$10
45 years$663$390$220$120$64$9
46 years$641$372$207$111$58$8
47 years$620$355$194$102$53$6
48 years$600$339$182$95$48$6
49 years$581$324$171$88$44$5
50 years$563$309$161$81$40$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $577,000, adding $5,605 every year, while hoping to spend $26,422 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: 36/35/29 Blend
64$577,000$577,000$577,000$577,000
65$641,636$611,055$602,111$658,992
66$678,970$612,883$594,169$674,250
67$719,226$613,916$585,075$687,930
68$762,675$614,086$574,763$702,198
69$809,614$613,323$563,164$717,122
70$860,369$611,550$550,204$732,784
71$915,298$608,687$535,808$749,273
72$974,796$604,650$519,895$766,692
73$1,039,296$599,349$502,382$785,153
74$1,109,275$592,687$483,182$804,785
75$1,185,256$584,565$462,204$825,730
76$1,267,817$574,873$439,353$848,151
77$1,357,592$563,499$414,529$872,228
78$1,455,278$550,323$387,627$898,160
79$1,561,644$535,215$358,540$926,174
80$1,677,533$518,043$327,152$956,522
81$1,803,876$498,661$293,347$989,484
82$1,941,696$476,920$256,998$1,025,373
83$2,092,119$452,659$217,977$1,064,539
84$2,256,384$425,709$176,149$1,107,370
85$2,435,857$395,891$131,372$1,154,301
86$2,632,040$363,015$83,499$1,205,814
87$2,846,588$326,882$32,375$1,262,445
88$3,081,320$287,279$0$1,324,791
89$3,338,243$243,985$0$1,400,380
90$3,619,565$196,761$0$1,494,221
91$3,927,718$145,360$0$1,597,159
92$4,265,379$89,516$0$1,710,159
93$4,635,499$28,954$0$1,834,289
94$5,041,325$0$0$1,970,729
95$5,486,435$0$0$2,134,888
96$5,974,769$0$0$2,327,307
97$6,510,668$0$0$2,538,554
98$7,098,912$0$0$2,770,525
99$7,744,768$0$0$3,025,308
100$8,454,037$0$0$3,305,203