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%11.3%
1 years$41,620$41,249$40,887$40,534$40,190$39,970
2 years$20,604$20,220$19,848$19,488$19,138$18,916
3 years$13,599$13,214$12,843$12,486$12,142$11,925
4 years$10,098$9,714$9,347$8,995$8,660$8,449
5 years$7,998$7,616$7,253$6,909$6,583$6,380
6 years$6,598$6,219$5,862$5,525$5,209$5,013
7 years$5,598$5,223$4,871$4,543$4,236$4,048
8 years$4,849$4,477$4,131$3,811$3,514$3,334
9 years$4,267$3,898$3,558$3,246$2,960$2,786
10 years$3,801$3,436$3,102$2,798$2,522$2,356
11 years$3,420$3,059$2,731$2,435$2,169$2,010
12 years$3,103$2,745$2,424$2,136$1,879$1,728
13 years$2,835$2,481$2,165$1,886$1,639$1,495
14 years$2,605$2,255$1,946$1,674$1,437$1,299
15 years$2,407$2,060$1,757$1,493$1,265$1,134
16 years$2,233$1,890$1,593$1,337$1,118$994
17 years$2,080$1,741$1,449$1,201$991$873
18 years$1,944$1,608$1,323$1,082$881$770
19 years$1,822$1,491$1,211$978$786$680
20 years$1,713$1,385$1,112$886$702$601
21 years$1,614$1,290$1,022$804$628$533
22 years$1,525$1,204$942$731$563$473
23 years$1,443$1,126$870$666$505$421
24 years$1,368$1,055$805$607$454$375
25 years$1,299$990$745$554$409$334
26 years$1,236$931$691$507$368$298
27 years$1,178$876$642$464$332$266
28 years$1,123$826$597$425$299$237
29 years$1,073$779$555$390$270$212
30 years$1,026$735$517$358$244$190
31 years$982$695$482$329$221$170
32 years$941$658$450$302$200$152
33 years$903$623$420$278$181$136
34 years$866$590$392$256$164$122
35 years$832$560$367$235$148$109
36 years$800$532$343$217$134$98
37 years$770$505$321$200$122$88
38 years$742$480$301$184$110$79
39 years$715$456$282$170$100$71
40 years$689$434$264$156$91$63
41 years$665$413$248$144$82$57
42 years$642$394$232$133$75$51
43 years$620$375$218$123$68$46
44 years$599$357$205$114$62$41
45 years$579$341$192$105$56$37
46 years$560$325$181$97$51$33
47 years$542$310$170$89$46$30
48 years$524$296$159$83$42$27
49 years$508$283$150$76$38$24
50 years$492$270$141$71$35$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $504,000, adding $2,742 every year, while hoping to spend $46,659 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: 65/29/6 Blend
65$504,000$504,000$504,000$504,000
66$558,236$531,524$523,712$593,802
67$565,532$507,924$491,612$594,188
68$572,007$481,604$456,872$588,794
69$577,530$452,381$419,356$581,667
70$581,953$420,062$378,919$572,633
71$585,110$384,443$335,411$561,502
72$586,819$345,309$288,675$548,069
73$586,876$302,430$238,547$532,109
74$585,056$255,567$184,856$513,374
75$581,106$204,465$127,424$491,599
76$574,750$148,855$66,063$466,489
77$565,678$88,452$580$437,726
78$553,548$22,957$0$404,960
79$537,982$0$0$372,248
80$518,558$0$0$350,365
81$494,813$0$0$332,693
82$466,233$0$0$311,535
83$432,246$0$0$286,484
84$392,225$0$0$257,088
85$345,472$0$0$222,847
86$291,217$0$0$183,209
87$228,609$0$0$137,563
88$156,707$0$0$85,235
89$74,471$0$0$25,479
90$0$0$0$0
91$0$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0