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%13.1%
1 years$47,648$47,224$46,810$46,405$46,011$45,417
2 years$23,588$23,149$22,723$22,310$21,910$21,313
3 years$15,569$15,128$14,703$14,294$13,901$13,318
4 years$11,561$11,121$10,700$10,298$9,914$9,351
5 years$9,156$8,719$8,304$7,910$7,536$6,995
6 years$7,553$7,120$6,711$6,326$5,963$5,443
7 years$6,409$5,979$5,577$5,201$4,850$4,352
8 years$5,551$5,125$4,729$4,363$4,023$3,547
9 years$4,885$4,462$4,073$3,716$3,388$2,934
10 years$4,352$3,933$3,551$3,203$2,887$2,454
11 years$3,916$3,502$3,127$2,788$2,483$2,071
12 years$3,553$3,143$2,775$2,445$2,152$1,760
13 years$3,246$2,840$2,479$2,159$1,876$1,504
14 years$2,983$2,582$2,227$1,916$1,645$1,292
15 years$2,755$2,358$2,011$1,709$1,448$1,115
16 years$2,556$2,164$1,823$1,530$1,280$965
17 years$2,381$1,993$1,659$1,375$1,135$837
18 years$2,225$1,841$1,515$1,239$1,009$728
19 years$2,086$1,707$1,387$1,120$899$635
20 years$1,961$1,586$1,272$1,014$803$555
21 years$1,848$1,477$1,170$920$719$485
22 years$1,745$1,379$1,079$837$644$425
23 years$1,652$1,290$996$762$578$373
24 years$1,566$1,208$921$695$520$327
25 years$1,488$1,134$853$635$468$287
26 years$1,415$1,066$791$580$421$253
27 years$1,348$1,003$735$531$380$222
28 years$1,286$945$683$487$343$196
29 years$1,228$892$636$446$310$172
30 years$1,175$842$592$410$280$152
31 years$1,124$796$552$376$253$134
32 years$1,077$753$515$346$229$118
33 years$1,033$713$481$318$207$104
34 years$992$676$449$293$187$92
35 years$953$641$420$269$170$81
36 years$916$609$393$248$154$72
37 years$882$578$368$229$139$63
38 years$849$549$344$211$126$56
39 years$818$522$323$194$115$49
40 years$789$497$302$179$104$44
41 years$761$473$284$165$94$38
42 years$735$451$266$153$86$34
43 years$709$429$250$141$78$30
44 years$686$409$234$130$70$27
45 years$663$390$220$120$64$23
46 years$641$372$207$111$58$21
47 years$620$355$194$102$53$18
48 years$600$339$182$95$48$16
49 years$581$324$171$88$44$14
50 years$563$309$161$81$40$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $577,000, adding $6,371 every year, while hoping to spend $50,948 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: 57/24/19 Blend
64$577,000$577,000$577,000$577,000
65$642,426$611,845$602,901$675,459
66$653,745$587,617$568,890$674,426
67$664,511$560,494$532,032$667,253
68$674,614$530,281$492,178$658,301
69$683,930$496,771$449,172$647,410
70$692,323$459,745$402,851$634,407
71$699,639$418,971$353,045$619,105
72$705,707$374,205$299,577$601,299
73$710,337$325,190$242,261$580,769
74$713,318$271,650$180,903$557,276
75$714,415$213,299$115,302$530,559
76$713,366$149,831$45,245$500,337
77$709,881$80,925$0$466,303
78$703,640$6,241$0$434,110
79$694,284$0$0$407,588
80$681,418$0$0$396,908
81$664,604$0$0$385,366
82$643,356$0$0$371,008
83$617,136$0$0$353,496
84$585,349$0$0$332,453
85$547,335$0$0$307,465
86$502,366$0$0$278,073
87$449,634$0$0$243,770
88$388,249$0$0$203,994
89$317,224$0$0$158,124
90$235,470$0$0$105,475
91$141,783$0$0$45,289
92$34,831$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0