Can I retire at age 66 with 498,000?

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 $498,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.7%
1 years$41,124$40,758$40,401$40,052$39,711$38,941
2 years$20,359$19,979$19,612$19,256$18,910$18,138
3 years$13,438$13,057$12,690$12,337$11,997$11,246
4 years$9,978$9,598$9,235$8,888$8,557$7,833
5 years$7,902$7,525$7,167$6,827$6,505$5,810
6 years$6,519$6,145$5,792$5,460$5,147$4,482
7 years$5,532$5,160$4,813$4,489$4,186$3,551
8 years$4,791$4,423$4,082$3,765$3,473$2,868
9 years$4,216$3,851$3,516$3,207$2,924$2,350
10 years$3,756$3,395$3,065$2,765$2,492$1,946
11 years$3,380$3,022$2,698$2,406$2,143$1,626
12 years$3,066$2,713$2,395$2,111$1,857$1,368
13 years$2,801$2,451$2,140$1,863$1,619$1,157
14 years$2,574$2,228$1,922$1,654$1,420$983
15 years$2,378$2,036$1,736$1,475$1,250$839
16 years$2,206$1,868$1,574$1,321$1,105$718
17 years$2,055$1,720$1,432$1,187$979$616
18 years$1,921$1,589$1,307$1,069$871$530
19 years$1,800$1,473$1,197$966$776$456
20 years$1,693$1,369$1,098$875$693$394
21 years$1,595$1,275$1,010$794$620$340
22 years$1,506$1,190$931$722$556$295
23 years$1,426$1,113$860$658$499$255
24 years$1,352$1,043$795$600$449$221
25 years$1,284$979$736$548$404$192
26 years$1,221$920$683$501$364$167
27 years$1,164$866$634$459$328$145
28 years$1,110$816$590$420$296$126
29 years$1,060$770$549$385$267$109
30 years$1,014$727$511$354$241$95
31 years$970$687$476$325$218$83
32 years$930$650$445$298$197$72
33 years$892$616$415$274$179$63
34 years$856$583$388$252$162$55
35 years$823$553$363$232$147$47
36 years$791$525$339$214$133$41
37 years$761$499$317$197$120$36
38 years$733$474$297$182$109$31
39 years$706$451$279$168$99$27
40 years$681$429$261$155$90$24
41 years$657$408$245$143$81$21
42 years$634$389$230$132$74$18
43 years$612$370$215$122$67$16
44 years$592$353$202$112$61$14
45 years$572$337$190$104$55$12
46 years$553$321$178$96$50$10
47 years$535$307$168$88$46$9
48 years$518$293$157$82$41$8
49 years$502$279$148$76$38$7
50 years$486$267$139$70$34$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $498,000, adding $4,995 every year, while hoping to spend $39,316 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: 26/49/25 Blend
65$498,000$498,000$498,000$498,000
66$553,948$527,554$519,835$563,894
67$568,619$511,573$495,418$556,342
68$583,469$493,490$468,865$544,519
69$598,474$473,162$440,063$531,008
70$613,607$450,436$408,894$515,692
71$628,838$425,151$375,235$498,447
72$644,131$397,134$338,957$479,143
73$659,444$366,206$299,924$457,639
74$674,733$332,176$257,997$433,788
75$689,944$294,840$213,028$407,433
76$705,017$253,987$164,863$378,407
77$719,886$209,389$113,344$346,535
78$734,475$160,810$58,301$311,629
79$748,699$107,996$0$273,490
80$762,461$50,683$0$232,024
81$775,655$0$0$203,495
82$788,161$0$0$178,298
83$799,844$0$0$180,149
84$810,555$0$0$181,673
85$820,125$0$0$182,822
86$828,369$0$0$183,541
87$835,078$0$0$183,769
88$840,022$0$0$183,437
89$842,942$0$0$182,471
90$843,553$0$0$180,786
91$841,537$0$0$178,290
92$836,542$0$0$174,879
93$828,176$0$0$170,441
94$816,006$0$0$164,848
95$799,549$0$0$157,961
96$778,274$0$0$149,625
97$751,590$0$0$139,668
98$718,843$0$0$127,902
99$679,310$0$0$114,116
100$632,189$0$0$98,078