Can I retire at age 66 with 496,000?

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 $496,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.9%
1 years$40,959$40,594$40,238$39,891$39,552$39,074
2 years$20,277$19,899$19,533$19,178$18,834$18,353
3 years$13,384$13,004$12,639$12,288$11,949$11,480
4 years$9,938$9,560$9,198$8,853$8,522$8,069
5 years$7,871$7,495$7,138$6,800$6,478$6,042
6 years$6,493$6,120$5,769$5,438$5,126$4,707
7 years$5,510$5,140$4,794$4,471$4,169$3,767
8 years$4,772$4,406$4,066$3,750$3,459$3,074
9 years$4,199$3,836$3,502$3,194$2,913$2,545
10 years$3,741$3,381$3,053$2,754$2,482$2,132
11 years$3,366$3,010$2,688$2,397$2,134$1,801
12 years$3,054$2,702$2,385$2,102$1,850$1,533
13 years$2,790$2,441$2,131$1,856$1,613$1,312
14 years$2,564$2,219$1,915$1,647$1,414$1,128
15 years$2,368$2,027$1,729$1,469$1,245$975
16 years$2,197$1,860$1,567$1,315$1,100$845
17 years$2,047$1,713$1,426$1,182$976$734
18 years$1,913$1,583$1,302$1,065$867$640
19 years$1,793$1,467$1,192$962$773$558
20 years$1,686$1,363$1,094$872$691$488
21 years$1,589$1,270$1,006$791$618$428
22 years$1,500$1,185$927$719$554$375
23 years$1,420$1,109$856$655$497$330
24 years$1,346$1,039$792$597$447$290
25 years$1,279$975$733$546$402$255
26 years$1,216$916$680$499$362$225
27 years$1,159$862$632$457$327$198
28 years$1,105$812$587$418$295$175
29 years$1,056$766$546$384$266$154
30 years$1,010$724$509$352$240$136
31 years$966$684$475$323$217$120
32 years$926$647$443$297$197$106
33 years$888$613$413$273$178$94
34 years$853$581$386$251$161$83
35 years$819$551$361$231$146$73
36 years$788$523$338$213$132$65
37 years$758$497$316$196$120$57
38 years$730$472$296$181$109$51
39 years$703$449$277$167$99$45
40 years$678$427$260$154$89$40
41 years$654$407$244$142$81$35
42 years$631$387$229$131$74$31
43 years$610$369$215$121$67$27
44 years$589$352$201$112$61$24
45 years$570$335$189$103$55$22
46 years$551$320$178$95$50$19
47 years$533$305$167$88$45$17
48 years$516$291$157$81$41$15
49 years$500$278$147$75$37$13
50 years$484$266$139$70$34$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $496,000, adding $4,535 every year, while hoping to spend $32,597 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
65$496,000$496,000$496,000$496,000
66$551,270$524,982$517,294$569,327
67$572,816$516,023$499,940$573,768
68$595,468$505,533$480,913$575,131
69$619,304$493,401$460,121$575,935
70$644,408$479,513$437,470$576,146
71$670,873$463,746$412,862$575,733
72$698,802$445,968$386,192$574,660
73$728,303$426,044$357,353$572,893
74$759,498$403,828$326,232$570,400
75$792,517$379,166$292,711$567,146
76$827,503$351,895$256,666$563,096
77$864,615$321,844$217,970$558,219
78$904,021$288,830$176,488$552,481
79$945,911$252,662$132,080$545,852
80$990,488$213,136$84,599$538,302
81$1,037,977$170,039$33,892$529,803
82$1,088,623$123,144$0$520,332
83$1,142,695$72,211$0$514,182
84$1,200,489$16,988$0$515,018
85$1,262,326$0$0$515,624
86$1,328,561$0$0$535,338
87$1,399,583$0$0$564,739
88$1,475,818$0$0$596,345
89$1,557,733$0$0$630,355
90$1,645,843$0$0$666,990
91$1,740,709$0$0$706,491
92$1,842,953$0$0$749,122
93$1,953,253$0$0$795,174
94$2,072,356$0$0$844,967
95$2,201,084$0$0$898,852
96$2,340,339$0$0$957,216
97$2,491,112$0$0$1,020,484
98$2,654,494$0$0$1,089,123
99$2,831,684$0$0$1,163,646
100$3,023,999$0$0$1,244,619