Can I retire at age 66 with 497,000?

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 $497,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.1%
1 years$41,042$40,676$40,320$39,971$39,631$38,959
2 years$20,318$19,939$19,573$19,217$18,872$18,197
3 years$13,411$13,031$12,665$12,313$11,973$11,316
4 years$9,958$9,579$9,217$8,870$8,539$7,905
5 years$7,887$7,510$7,153$6,813$6,492$5,882
6 years$6,506$6,132$5,780$5,449$5,137$4,553
7 years$5,521$5,150$4,803$4,480$4,177$3,619
8 years$4,782$4,415$4,074$3,758$3,466$2,933
9 years$4,207$3,844$3,509$3,201$2,918$2,412
10 years$3,748$3,388$3,059$2,759$2,487$2,005
11 years$3,373$3,016$2,693$2,401$2,139$1,681
12 years$3,060$2,707$2,390$2,106$1,853$1,420
13 years$2,796$2,446$2,135$1,860$1,616$1,206
14 years$2,569$2,224$1,919$1,651$1,417$1,029
15 years$2,373$2,031$1,732$1,472$1,247$881
16 years$2,202$1,864$1,571$1,318$1,102$757
17 years$2,051$1,716$1,429$1,184$977$653
18 years$1,917$1,586$1,305$1,067$869$564
19 years$1,797$1,470$1,194$964$775$488
20 years$1,689$1,366$1,096$873$692$423
21 years$1,592$1,272$1,008$793$619$367
22 years$1,503$1,188$929$721$555$319
23 years$1,423$1,111$858$656$498$278
24 years$1,349$1,041$793$599$448$242
25 years$1,281$977$735$547$403$211
26 years$1,219$918$682$500$363$184
27 years$1,161$864$633$458$327$161
28 years$1,108$814$588$419$295$140
29 years$1,058$768$548$384$267$122
30 years$1,012$725$510$353$241$107
31 years$968$686$475$324$218$94
32 years$928$649$444$298$197$82
33 years$890$614$414$274$178$72
34 years$854$582$387$252$161$63
35 years$821$552$362$232$146$55
36 years$789$524$338$214$132$48
37 years$760$498$317$197$120$42
38 years$731$473$297$181$109$37
39 years$705$450$278$167$99$32
40 years$679$428$261$154$90$28
41 years$656$407$244$142$81$25
42 years$633$388$229$131$74$22
43 years$611$370$215$121$67$19
44 years$591$352$202$112$61$17
45 years$571$336$190$103$55$15
46 years$552$321$178$96$50$13
47 years$534$306$167$88$45$11
48 years$517$292$157$82$41$10
49 years$501$279$148$75$37$9
50 years$485$266$139$70$34$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $497,000, adding $4,562 every year, while hoping to spend $31,753 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: 71/8/21 Blend
65$497,000$497,000$497,000$497,000
66$552,400$526,059$518,355$588,464
67$574,960$518,051$501,935$605,089
68$598,756$508,586$483,901$619,088
69$623,882$497,560$464,165$633,630
70$650,439$484,861$442,635$648,765
71$678,537$470,372$419,216$664,548
72$708,295$453,968$393,808$681,041
73$739,847$435,518$366,305$698,314
74$773,335$414,881$336,600$716,443
75$808,916$391,912$304,577$735,515
76$846,762$366,453$270,118$755,625
77$887,062$338,339$233,097$776,880
78$930,022$307,397$193,385$799,398
79$975,866$273,441$150,845$823,310
80$1,024,843$236,278$105,337$848,763
81$1,077,222$195,701$56,711$875,920
82$1,133,301$151,493$4,813$904,961
83$1,193,406$103,424$0$936,087
84$1,257,893$51,252$0$980,851
85$1,327,155$0$0$1,030,058
86$1,401,622$0$0$1,083,406
87$1,481,766$0$0$1,145,695
88$1,568,106$0$0$1,212,818
89$1,661,211$0$0$1,285,221
90$1,761,708$0$0$1,363,394
91$1,870,283$0$0$1,447,873
92$1,987,693$0$0$1,539,249
93$2,114,768$0$0$1,638,172
94$2,252,420$0$0$1,745,356
95$2,401,655$0$0$1,861,585
96$2,563,575$0$0$1,987,723
97$2,739,396$0$0$2,124,719
98$2,930,451$0$0$2,273,618
99$3,138,211$0$0$2,435,568
100$3,364,291$0$0$2,611,833