Can I retire at age 66 with 501,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $501,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.8%
1 years$41,372$41,004$40,644$40,293$39,950$38,381
2 years$20,481$20,100$19,730$19,372$19,024$17,462
3 years$13,519$13,135$12,767$12,412$12,070$10,564
4 years$10,038$9,656$9,291$8,942$8,608$7,170
5 years$7,950$7,570$7,210$6,868$6,544$5,178
6 years$6,559$6,182$5,827$5,493$5,178$3,885
7 years$5,565$5,191$4,842$4,516$4,211$2,990
8 years$4,820$4,450$4,107$3,788$3,493$2,343
9 years$4,241$3,875$3,537$3,227$2,942$1,861
10 years$3,778$3,415$3,084$2,781$2,507$1,493
11 years$3,400$3,040$2,715$2,421$2,156$1,207
12 years$3,085$2,729$2,409$2,123$1,868$982
13 years$2,818$2,466$2,153$1,875$1,629$802
14 years$2,590$2,242$1,934$1,664$1,428$658
15 years$2,392$2,048$1,746$1,484$1,257$542
16 years$2,220$1,879$1,583$1,329$1,111$447
17 years$2,067$1,730$1,441$1,194$985$370
18 years$1,932$1,599$1,315$1,076$876$306
19 years$1,811$1,482$1,204$972$781$254
20 years$1,703$1,377$1,105$880$698$211
21 years$1,605$1,283$1,016$799$624$175
22 years$1,516$1,197$937$727$560$146
23 years$1,434$1,120$865$662$502$121
24 years$1,360$1,049$800$604$451$101
25 years$1,292$985$741$551$406$84
26 years$1,229$925$687$504$366$70
27 years$1,171$871$638$461$330$58
28 years$1,117$821$593$423$298$49
29 years$1,067$774$552$388$269$41
30 years$1,020$731$514$356$243$34
31 years$976$691$479$327$220$28
32 years$935$654$447$300$199$24
33 years$897$619$418$276$180$20
34 years$861$587$390$254$163$16
35 years$828$557$365$234$147$14
36 years$796$528$341$215$134$11
37 years$766$502$319$198$121$10
38 years$737$477$299$183$110$8
39 years$710$454$280$169$100$7
40 years$685$432$263$156$90$6
41 years$661$411$246$144$82$5
42 years$638$391$231$132$74$4
43 years$616$373$217$122$67$3
44 years$595$355$203$113$61$3
45 years$575$339$191$104$56$2
46 years$557$323$179$96$50$2
47 years$539$308$169$89$46$2
48 years$521$294$158$82$42$1
49 years$505$281$149$76$38$1
50 years$489$269$140$70$34$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $501,000, adding $4,599 every year, while hoping to spend $31,863 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: 57/16/27 Blend
65$501,000$501,000$501,000$501,000
66$556,846$530,293$522,527$584,234
67$579,742$522,375$506,130$595,611
68$603,906$513,002$488,116$604,270
69$629,433$502,067$468,396$613,049
70$656,427$489,461$446,879$621,970
71$685,003$475,065$423,470$631,059
72$715,285$458,754$398,068$640,345
73$747,408$440,397$370,567$649,862
74$781,522$419,855$340,859$659,649
75$817,788$396,979$308,829$669,751
76$856,385$371,613$274,357$680,222
77$897,507$343,593$237,319$691,120
78$941,367$312,744$197,584$702,513
79$988,199$278,880$155,015$714,481
80$1,038,258$241,808$109,471$727,110
81$1,091,825$201,322$60,803$740,502
82$1,149,207$157,203$8,856$754,769
83$1,210,742$109,221$0$770,041
84$1,276,800$57,135$0$799,880
85$1,347,785$687$0$834,625
86$1,424,146$0$0$871,958
87$1,506,369$0$0$922,769
88$1,594,994$0$0$977,700
89$1,690,610$0$0$1,036,998
90$1,793,867$0$0$1,101,072
91$1,905,476$0$0$1,170,368
92$2,026,221$0$0$1,245,377
93$2,156,964$0$0$1,326,639
94$2,298,650$0$0$1,414,749
95$2,452,322$0$0$1,510,358
96$2,619,122$0$0$1,614,186
97$2,800,312$0$0$1,727,022
98$2,997,274$0$0$1,849,736
99$3,211,535$0$0$1,983,282
100$3,444,768$0$0$2,128,714