Can I retire at age 65 with 584,000?

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 $584,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.5%
1 years$48,226$47,797$47,377$46,968$46,569$46,275
2 years$23,874$23,430$22,999$22,581$22,176$21,880
3 years$15,758$15,312$14,882$14,468$14,069$13,780
4 years$11,701$11,256$10,830$10,423$10,034$9,754
5 years$9,267$8,825$8,405$8,006$7,628$7,357
6 years$7,645$7,206$6,792$6,403$6,036$5,775
7 years$6,487$6,052$5,644$5,264$4,909$4,658
8 years$5,619$5,187$4,787$4,416$4,072$3,832
9 years$4,944$4,516$4,123$3,761$3,429$3,199
10 years$4,404$3,981$3,594$3,242$2,922$2,701
11 years$3,963$3,544$3,164$2,822$2,513$2,302
12 years$3,596$3,181$2,808$2,475$2,178$1,977
13 years$3,285$2,875$2,509$2,185$1,899$1,707
14 years$3,019$2,613$2,254$1,940$1,665$1,482
15 years$2,789$2,387$2,035$1,730$1,466$1,292
16 years$2,587$2,190$1,845$1,549$1,295$1,131
17 years$2,410$2,017$1,679$1,392$1,149$992
18 years$2,252$1,864$1,533$1,254$1,021$873
19 years$2,111$1,727$1,403$1,133$910$770
20 years$1,985$1,605$1,288$1,026$813$680
21 years$1,870$1,495$1,185$931$728$602
22 years$1,767$1,396$1,092$847$652$534
23 years$1,672$1,305$1,008$771$585$474
24 years$1,585$1,223$932$703$526$421
25 years$1,506$1,148$864$642$474$375
26 years$1,432$1,079$801$587$427$334
27 years$1,364$1,015$744$538$385$297
28 years$1,302$957$691$493$347$265
29 years$1,243$902$643$452$313$237
30 years$1,189$852$599$415$283$211
31 years$1,138$806$559$381$256$189
32 years$1,090$762$521$350$232$169
33 years$1,046$722$487$322$210$151
34 years$1,004$684$455$296$190$135
35 years$965$649$425$273$172$121
36 years$928$616$398$251$156$108
37 years$893$585$372$231$141$97
38 years$859$556$349$213$128$86
39 years$828$529$327$197$116$77
40 years$798$503$306$181$105$69
41 years$770$479$287$167$95$62
42 years$744$456$269$154$87$56
43 years$718$434$253$143$79$50
44 years$694$414$237$132$71$45
45 years$671$395$223$122$65$40
46 years$649$377$209$112$59$36
47 years$628$360$197$104$53$32
48 years$608$343$185$96$49$29
49 years$589$328$174$89$44$26
50 years$570$313$163$82$40$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $584,000, adding $2,977 every year, while hoping to spend $47,522 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: 48/25/27 Blend
64$584,000$584,000$584,000$584,000
65$646,639$615,687$606,635$672,573
66$662,033$595,292$576,394$670,697
67$677,404$572,306$543,547$663,745
68$692,701$546,550$507,958$655,267
69$707,863$517,838$469,481$645,139
70$722,824$485,971$427,967$633,234
71$737,507$450,739$383,259$619,413
72$751,829$411,920$335,194$603,527
73$765,692$369,282$283,600$585,416
74$778,991$322,575$228,299$564,909
75$791,605$271,538$169,104$541,822
76$803,400$215,895$105,821$515,958
77$814,227$155,353$38,245$487,103
78$823,917$89,604$0$455,031
79$832,285$18,323$0$429,251
80$839,123$0$0$412,136
81$844,199$0$0$408,622
82$847,257$0$0$409,045
83$848,011$0$0$408,212
84$846,144$0$0$405,953
85$841,302$0$0$402,081
86$833,095$0$0$396,387
87$821,090$0$0$388,642
88$804,805$0$0$378,589
89$783,708$0$0$365,945
90$757,209$0$0$350,397
91$724,654$0$0$331,597
92$685,320$0$0$309,162
93$638,407$0$0$282,667
94$583,029$0$0$251,640
95$518,206$0$0$215,564
96$442,857$0$0$173,863
97$355,783$0$0$125,902
98$255,662$0$0$70,980
99$141,032$0$0$8,321
100$10,277$0$0$0