Can I retire at age 65 with 600,000?

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 $600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.9%
1 years$49,547$49,106$48,676$48,255$47,845$46,688
2 years$24,528$24,072$23,629$23,200$22,783$21,625
3 years$16,190$15,731$15,289$14,864$14,455$13,331
4 years$12,021$11,564$11,127$10,709$10,309$9,228
5 years$9,521$9,066$8,635$8,225$7,837$6,802
6 years$7,855$7,403$6,978$6,578$6,201$5,214
7 years$6,665$6,217$5,799$5,408$5,043$4,103
8 years$5,773$5,329$4,918$4,537$4,184$3,291
9 years$5,079$4,640$4,236$3,864$3,523$2,677
10 years$4,525$4,090$3,693$3,331$3,002$2,200
11 years$4,072$3,641$3,251$2,899$2,582$1,824
12 years$3,694$3,268$2,885$2,543$2,237$1,523
13 years$3,375$2,953$2,578$2,245$1,951$1,278
14 years$3,102$2,685$2,316$1,993$1,710$1,077
15 years$2,865$2,452$2,091$1,777$1,506$911
16 years$2,658$2,250$1,896$1,591$1,331$773
17 years$2,476$2,072$1,725$1,430$1,180$658
18 years$2,314$1,915$1,575$1,289$1,049$561
19 years$2,169$1,775$1,442$1,164$935$479
20 years$2,039$1,649$1,323$1,054$835$410
21 years$1,922$1,536$1,217$957$748$351
22 years$1,815$1,434$1,122$870$670$301
23 years$1,718$1,341$1,036$792$601$258
24 years$1,629$1,256$958$723$541$221
25 years$1,547$1,179$887$660$486$190
26 years$1,472$1,108$823$604$438$164
27 years$1,402$1,043$764$552$395$141
28 years$1,337$983$710$506$356$121
29 years$1,277$927$661$464$322$104
30 years$1,221$876$616$426$291$90
31 years$1,169$828$574$391$263$77
32 years$1,120$783$536$360$238$67
33 years$1,075$742$500$331$215$57
34 years$1,032$703$467$304$195$50
35 years$991$667$437$280$177$43
36 years$953$633$409$258$160$37
37 years$917$601$382$238$145$32
38 years$883$571$358$219$131$27
39 years$851$543$336$202$119$24
40 years$820$517$315$186$108$20
41 years$791$492$295$172$98$18
42 years$764$468$277$159$89$15
43 years$738$446$260$146$81$13
44 years$713$425$244$135$73$11
45 years$689$406$229$125$67$10
46 years$667$387$215$115$60$8
47 years$645$369$202$107$55$7
48 years$624$353$190$98$50$6
49 years$605$337$178$91$45$5
50 years$586$322$168$84$41$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $600,000, adding $5,203 every year, while hoping to spend $28,033 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: 42/30/28 Blend
64$600,000$600,000$600,000$600,000
65$666,567$634,767$625,467$688,913
66$704,730$636,044$616,593$706,766
67$745,846$636,443$606,483$723,059
68$790,187$635,893$595,064$740,169
69$838,050$634,317$582,264$758,189
70$889,765$631,632$568,003$777,222
71$945,691$627,752$552,201$797,384
72$1,006,224$622,585$534,773$818,805
73$1,071,800$616,032$515,628$841,630
74$1,142,898$607,992$494,676$866,021
75$1,220,043$598,353$471,817$892,159
76$1,303,815$587,000$446,950$920,247
77$1,394,850$573,809$419,970$950,508
78$1,493,850$558,650$390,763$983,196
79$1,601,584$541,386$359,216$1,018,588
80$1,718,901$521,869$325,205$1,056,998
81$1,846,734$499,946$288,604$1,098,770
82$1,986,110$475,453$249,282$1,144,292
83$2,138,159$448,216$207,099$1,193,991
84$2,304,125$418,052$161,910$1,248,344
85$2,485,378$384,769$113,566$1,307,881
86$2,683,425$348,161$61,909$1,373,190
87$2,899,926$308,012$6,775$1,444,922
88$3,136,707$264,094$0$1,523,803
89$3,395,782$216,165$0$1,626,190
90$3,679,365$163,970$0$1,740,591
91$3,989,895$107,240$0$1,866,024
92$4,330,060$45,690$0$2,003,642
93$4,702,817$0$0$2,154,719
94$5,111,424$0$0$2,327,590
95$5,559,470$0$0$2,533,761
96$6,050,908$0$0$2,759,978
97$6,590,090$0$0$3,008,253
98$7,181,811$0$0$3,280,805
99$7,831,353$0$0$3,580,078
100$8,544,533$0$0$3,908,762