Can I retire at age 65 with 595,000?

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 $595,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.6%
1 years$49,135$48,697$48,270$47,853$47,446$46,545
2 years$24,324$23,871$23,432$23,006$22,593$21,689
3 years$16,055$15,600$15,162$14,740$14,334$13,455
4 years$11,921$11,468$11,034$10,620$10,223$9,376
5 years$9,442$8,991$8,563$8,157$7,772$6,958
6 years$7,789$7,342$6,920$6,523$6,149$5,371
7 years$6,609$6,165$5,751$5,363$5,001$4,258
8 years$5,725$5,285$4,877$4,499$4,149$3,441
9 years$5,037$4,602$4,201$3,832$3,494$2,821
10 years$4,487$4,056$3,662$3,303$2,977$2,338
11 years$4,038$3,611$3,224$2,875$2,560$1,954
12 years$3,663$3,241$2,861$2,522$2,219$1,645
13 years$3,347$2,929$2,556$2,226$1,935$1,392
14 years$3,076$2,662$2,297$1,976$1,696$1,184
15 years$2,841$2,432$2,074$1,762$1,493$1,011
16 years$2,636$2,231$1,880$1,578$1,320$866
17 years$2,455$2,055$1,711$1,418$1,170$743
18 years$2,295$1,899$1,562$1,278$1,041$640
19 years$2,151$1,760$1,430$1,155$927$552
20 years$2,022$1,635$1,312$1,046$828$476
21 years$1,906$1,523$1,207$949$741$412
22 years$1,800$1,422$1,112$863$664$357
23 years$1,703$1,330$1,027$786$596$309
24 years$1,615$1,246$950$717$536$268
25 years$1,534$1,169$880$655$482$233
26 years$1,459$1,099$816$599$435$202
27 years$1,390$1,034$758$548$392$176
28 years$1,326$975$704$502$354$153
29 years$1,267$919$655$460$319$133
30 years$1,211$868$611$422$288$116
31 years$1,159$821$569$388$261$101
32 years$1,111$777$531$357$236$88
33 years$1,066$735$496$328$213$77
34 years$1,023$697$463$302$193$67
35 years$983$661$433$278$175$58
36 years$945$628$405$256$159$51
37 years$909$596$379$236$144$44
38 years$876$566$355$217$130$39
39 years$844$539$333$200$118$34
40 years$813$512$312$185$107$29
41 years$785$488$292$170$97$26
42 years$758$465$274$157$88$22
43 years$732$443$257$145$80$19
44 years$707$422$242$134$73$17
45 years$683$402$227$124$66$15
46 years$661$384$213$114$60$13
47 years$640$366$200$106$54$11
48 years$619$350$188$98$49$10
49 years$600$334$177$90$45$9
50 years$581$319$166$83$41$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $595,000, adding $2,232 every year, while hoping to spend $38,929 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: 76/10/14 Blend
64$595,000$595,000$595,000$595,000
65$657,992$626,457$617,235$705,904
66$683,687$615,734$596,492$727,107
67$710,699$603,180$573,750$745,235
68$739,119$588,665$548,900$764,037
69$769,050$572,050$521,829$783,566
70$800,603$553,190$492,419$803,883
71$833,896$531,928$460,547$825,054
72$869,062$508,101$426,084$847,153
73$906,243$481,535$388,895$870,262
74$945,596$452,046$348,838$894,472
75$987,290$419,440$305,768$919,886
76$1,031,512$383,511$259,530$946,614
77$1,078,466$344,043$209,964$974,782
78$1,128,374$300,805$156,902$1,004,527
79$1,181,480$253,556$100,170$1,036,004
80$1,238,049$202,039$39,584$1,069,382
81$1,298,375$145,984$0$1,104,850
82$1,362,776$85,104$0$1,146,363
83$1,431,604$19,098$0$1,196,959
84$1,505,241$0$0$1,251,009
85$1,584,108$0$0$1,314,591
86$1,668,669$0$0$1,385,029
87$1,759,428$0$0$1,460,648
88$1,856,942$0$0$1,541,912
89$1,961,822$0$0$1,629,331
90$2,074,736$0$0$1,723,466
91$2,196,422$0$0$1,824,934
92$2,327,686$0$0$1,934,410
93$2,469,417$0$0$2,052,638
94$2,622,590$0$0$2,180,433
95$2,788,277$0$0$2,318,695
96$2,967,657$0$0$2,468,408
97$3,162,026$0$0$2,630,658
98$3,372,808$0$0$2,806,638
99$3,601,569$0$0$2,997,658
100$3,850,034$0$0$3,205,162