Can I retire at age 65 with 593,000?

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 $593,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.2%
1 years$48,969$48,533$48,108$47,692$47,287$46,851
2 years$24,242$23,791$23,353$22,929$22,517$22,079
3 years$16,001$15,548$15,111$14,691$14,286$13,858
4 years$11,881$11,429$10,997$10,584$10,189$9,774
5 years$9,410$8,961$8,534$8,129$7,745$7,346
6 years$7,763$7,317$6,897$6,501$6,129$5,744
7 years$6,587$6,145$5,731$5,345$4,984$4,615
8 years$5,705$5,267$4,861$4,484$4,135$3,781
9 years$5,020$4,586$4,186$3,819$3,482$3,144
10 years$4,472$4,042$3,650$3,292$2,967$2,644
11 years$4,024$3,599$3,213$2,865$2,552$2,244
12 years$3,651$3,230$2,852$2,513$2,211$1,918
13 years$3,336$2,919$2,548$2,219$1,928$1,649
14 years$3,066$2,653$2,289$1,970$1,690$1,425
15 years$2,832$2,424$2,067$1,756$1,488$1,237
16 years$2,627$2,224$1,874$1,573$1,315$1,077
17 years$2,447$2,048$1,705$1,413$1,166$940
18 years$2,287$1,892$1,557$1,273$1,037$824
19 years$2,144$1,754$1,425$1,151$924$723
20 years$2,015$1,630$1,308$1,042$826$635
21 years$1,899$1,518$1,203$946$739$559
22 years$1,794$1,417$1,109$860$662$493
23 years$1,698$1,325$1,024$783$594$436
24 years$1,610$1,242$947$714$534$385
25 years$1,529$1,165$877$652$481$341
26 years$1,454$1,095$813$596$433$302
27 years$1,385$1,031$755$546$390$267
28 years$1,322$971$702$500$352$237
29 years$1,262$916$653$459$318$210
30 years$1,207$865$609$421$287$187
31 years$1,155$818$567$387$260$166
32 years$1,107$774$529$355$235$147
33 years$1,062$733$494$327$213$131
34 years$1,019$695$462$301$193$116
35 years$979$659$432$277$174$104
36 years$942$625$404$255$158$92
37 years$906$594$378$235$143$82
38 years$873$565$354$216$130$73
39 years$841$537$332$200$118$65
40 years$811$511$311$184$107$58
41 years$782$486$291$170$97$51
42 years$755$463$273$157$88$46
43 years$729$441$257$145$80$41
44 years$705$421$241$134$72$36
45 years$681$401$226$123$66$32
46 years$659$383$212$114$60$29
47 years$637$365$200$105$54$26
48 years$617$348$188$97$49$23
49 years$598$333$176$90$45$20
50 years$579$318$166$83$41$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $593,000, adding $2,130 every year, while hoping to spend $52,449 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: 39/41/20 Blend
64$593,000$593,000$593,000$593,000
65$655,683$624,254$615,063$677,272
66$666,757$599,037$579,862$667,771
67$677,204$570,827$541,724$652,362
68$686,902$539,421$500,495$634,621
69$695,719$504,606$456,015$614,368
70$703,506$466,155$408,116$591,405
71$710,098$423,831$356,621$565,523
72$715,309$377,380$301,349$536,496
73$718,934$326,535$242,108$504,083
74$720,745$271,015$178,699$468,021
75$720,488$210,521$110,912$428,031
76$717,881$144,740$38,530$383,812
77$712,610$73,338$0$335,039
78$704,330$0$0$289,626
79$692,654$0$0$250,066
80$677,157$0$0$241,905
81$657,366$0$0$231,852
82$632,756$0$0$219,679
83$602,749$0$0$205,136
84$566,703$0$0$187,946
85$523,909$0$0$167,802
86$473,580$0$0$144,365
87$414,849$0$0$117,260
88$346,756$0$0$86,072
89$268,240$0$0$50,344
90$178,128$0$0$9,570
91$75,124$0$0$0
92$0$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