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%14.2%
1 years$41,620$41,249$40,887$40,534$40,190$39,491
2 years$20,604$20,220$19,848$19,488$19,138$18,437
3 years$13,599$13,214$12,843$12,486$12,142$11,460
4 years$10,098$9,714$9,347$8,995$8,660$8,001
5 years$7,998$7,616$7,253$6,909$6,583$5,951
6 years$6,598$6,219$5,862$5,525$5,209$4,603
7 years$5,598$5,223$4,871$4,543$4,236$3,658
8 years$4,849$4,477$4,131$3,811$3,514$2,963
9 years$4,267$3,898$3,558$3,246$2,960$2,434
10 years$3,801$3,436$3,102$2,798$2,522$2,022
11 years$3,420$3,059$2,731$2,435$2,169$1,695
12 years$3,103$2,745$2,424$2,136$1,879$1,430
13 years$2,835$2,481$2,165$1,886$1,639$1,214
14 years$2,605$2,255$1,946$1,674$1,437$1,035
15 years$2,407$2,060$1,757$1,493$1,265$886
16 years$2,233$1,890$1,593$1,337$1,118$761
17 years$2,080$1,741$1,449$1,201$991$655
18 years$1,944$1,608$1,323$1,082$881$566
19 years$1,822$1,491$1,211$978$786$489
20 years$1,713$1,385$1,112$886$702$424
21 years$1,614$1,290$1,022$804$628$368
22 years$1,525$1,204$942$731$563$319
23 years$1,443$1,126$870$666$505$278
24 years$1,368$1,055$805$607$454$242
25 years$1,299$990$745$554$409$210
26 years$1,236$931$691$507$368$183
27 years$1,178$876$642$464$332$160
28 years$1,123$826$597$425$299$140
29 years$1,073$779$555$390$270$122
30 years$1,026$735$517$358$244$106
31 years$982$695$482$329$221$93
32 years$941$658$450$302$200$81
33 years$903$623$420$278$181$71
34 years$866$590$392$256$164$62
35 years$832$560$367$235$148$54
36 years$800$532$343$217$134$47
37 years$770$505$321$200$122$42
38 years$742$480$301$184$110$36
39 years$715$456$282$170$100$32
40 years$689$434$264$156$91$28
41 years$665$413$248$144$82$24
42 years$642$394$232$133$75$21
43 years$620$375$218$123$68$19
44 years$599$357$205$114$62$16
45 years$579$341$192$105$56$14
46 years$560$325$181$97$51$13
47 years$542$310$170$89$46$11
48 years$524$296$159$83$42$10
49 years$508$283$150$76$38$8
50 years$492$270$141$71$35$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $504,000, adding $2,636 every year, while hoping to spend $35,532 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: 74/21/5 Blend
65$504,000$504,000$504,000$504,000
66$558,127$531,415$523,603$599,026
67$577,250$519,649$503,338$614,525
68$597,133$506,115$481,203$626,718
69$617,816$490,689$457,098$639,048
70$639,341$473,241$430,919$651,516
71$661,754$453,631$402,556$664,122
72$685,106$431,711$371,894$676,870
73$709,449$407,327$338,814$689,762
74$734,840$380,314$303,192$702,802
75$761,342$350,497$264,897$715,995
76$789,020$317,693$223,793$729,350
77$817,948$281,708$179,738$742,873
78$848,202$242,335$132,582$756,577
79$879,867$199,358$82,172$770,473
80$913,034$152,547$28,346$784,578
81$947,802$101,660$0$798,910
82$984,278$46,441$0$815,043
83$1,022,578$0$0$833,166
84$1,062,828$0$0$854,896
85$1,105,167$0$0$889,050
86$1,149,743$0$0$925,017
87$1,196,719$0$0$962,929
88$1,246,272$0$0$1,002,930
89$1,298,595$0$0$1,045,177
90$1,353,899$0$0$1,089,841
91$1,412,414$0$0$1,137,110
92$1,474,390$0$0$1,187,188
93$1,540,102$0$0$1,240,298
94$1,609,850$0$0$1,296,684
95$1,683,960$0$0$1,356,612
96$1,762,792$0$0$1,420,374
97$1,846,738$0$0$1,488,290
98$1,936,226$0$0$1,560,708
99$2,031,727$0$0$1,638,013
100$2,133,757$0$0$1,720,623