Can I retire at age 66 with 504,000?

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 $504,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.3%
1 years$41,620$41,249$40,887$40,534$40,190$39,638
2 years$20,604$20,220$19,848$19,488$19,138$18,583
3 years$13,599$13,214$12,843$12,486$12,142$11,601
4 years$10,098$9,714$9,347$8,995$8,660$8,137
5 years$7,998$7,616$7,253$6,909$6,583$6,080
6 years$6,598$6,219$5,862$5,525$5,209$4,727
7 years$5,598$5,223$4,871$4,543$4,236$3,775
8 years$4,849$4,477$4,131$3,811$3,514$3,073
9 years$4,267$3,898$3,558$3,246$2,960$2,539
10 years$3,801$3,436$3,102$2,798$2,522$2,121
11 years$3,420$3,059$2,731$2,435$2,169$1,787
12 years$3,103$2,745$2,424$2,136$1,879$1,517
13 years$2,835$2,481$2,165$1,886$1,639$1,295
14 years$2,605$2,255$1,946$1,674$1,437$1,111
15 years$2,407$2,060$1,757$1,493$1,265$957
16 years$2,233$1,890$1,593$1,337$1,118$827
17 years$2,080$1,741$1,449$1,201$991$717
18 years$1,944$1,608$1,323$1,082$881$623
19 years$1,822$1,491$1,211$978$786$542
20 years$1,713$1,385$1,112$886$702$473
21 years$1,614$1,290$1,022$804$628$413
22 years$1,525$1,204$942$731$563$361
23 years$1,443$1,126$870$666$505$316
24 years$1,368$1,055$805$607$454$277
25 years$1,299$990$745$554$409$243
26 years$1,236$931$691$507$368$213
27 years$1,178$876$642$464$332$187
28 years$1,123$826$597$425$299$165
29 years$1,073$779$555$390$270$145
30 years$1,026$735$517$358$244$127
31 years$982$695$482$329$221$112
32 years$941$658$450$302$200$99
33 years$903$623$420$278$181$87
34 years$866$590$392$256$164$77
35 years$832$560$367$235$148$68
36 years$800$532$343$217$134$60
37 years$770$505$321$200$122$52
38 years$742$480$301$184$110$46
39 years$715$456$282$170$100$41
40 years$689$434$264$156$91$36
41 years$665$413$248$144$82$32
42 years$642$394$232$133$75$28
43 years$620$375$218$123$68$25
44 years$599$357$205$114$62$22
45 years$579$341$192$105$56$19
46 years$560$325$181$97$51$17
47 years$542$310$170$89$46$15
48 years$524$296$159$83$42$13
49 years$508$283$150$76$38$12
50 years$492$270$141$71$35$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $504,000, adding $6,956 every year, while hoping to spend $38,339 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: 43/31/26 Blend
65$504,000$504,000$504,000$504,000
66$562,583$535,871$528,059$582,254
67$579,174$521,336$504,957$582,432
68$596,173$504,805$479,795$578,437
69$613,579$486,137$452,466$573,361
70$631,395$465,188$422,853$567,126
71$649,617$441,802$390,839$559,648
72$668,242$415,815$356,297$550,841
73$687,268$387,055$319,097$540,609
74$706,686$355,337$279,104$528,855
75$726,488$320,469$236,174$515,472
76$746,664$282,246$190,160$500,349
77$767,198$240,450$140,905$483,368
78$788,075$194,855$88,248$464,403
79$809,274$145,218$32,019$443,320
80$830,770$91,285$0$419,978
81$852,537$32,786$0$401,990
82$874,540$0$0$391,418
83$896,741$0$0$389,677
84$919,096$0$0$399,160
85$941,555$0$0$408,657
86$964,058$0$0$418,139
87$986,540$0$0$427,574
88$1,008,927$0$0$436,924
89$1,031,132$0$0$446,150
90$1,053,060$0$0$455,203
91$1,074,602$0$0$464,031
92$1,095,637$0$0$472,576
93$1,116,027$0$0$480,770
94$1,135,619$0$0$488,539
95$1,154,240$0$0$495,801
96$1,171,699$0$0$502,463
97$1,187,780$0$0$508,422
98$1,202,243$0$0$513,561
99$1,214,821$0$0$517,753
100$1,225,215$0$0$520,854