Can I retire at age 66 with 506,000?

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 $506,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.4%
1 years$41,785$41,413$41,050$40,695$40,349$39,616
2 years$20,686$20,300$19,927$19,565$19,214$18,477
3 years$13,653$13,267$12,894$12,535$12,190$11,474
4 years$10,138$9,752$9,384$9,031$8,694$8,003
5 years$8,029$7,646$7,282$6,937$6,609$5,946
6 years$6,624$6,243$5,885$5,547$5,230$4,595
7 years$5,621$5,243$4,890$4,561$4,253$3,647
8 years$4,868$4,494$4,147$3,826$3,528$2,950
9 years$4,284$3,913$3,572$3,259$2,971$2,421
10 years$3,816$3,449$3,114$2,809$2,532$2,009
11 years$3,434$3,071$2,742$2,445$2,177$1,682
12 years$3,115$2,756$2,433$2,144$1,887$1,417
13 years$2,846$2,491$2,174$1,893$1,645$1,201
14 years$2,616$2,264$1,953$1,681$1,442$1,023
15 years$2,416$2,068$1,764$1,499$1,270$875
16 years$2,242$1,898$1,599$1,342$1,122$750
17 years$2,088$1,748$1,455$1,206$995$645
18 years$1,951$1,615$1,328$1,087$885$556
19 years$1,829$1,497$1,216$982$789$480
20 years$1,720$1,391$1,116$889$704$415
21 years$1,621$1,295$1,026$807$630$360
22 years$1,531$1,209$946$734$565$312
23 years$1,449$1,131$873$668$507$271
24 years$1,374$1,060$808$610$456$235
25 years$1,305$994$748$557$410$205
26 years$1,241$935$694$509$370$178
27 years$1,182$880$644$466$333$155
28 years$1,128$829$599$427$301$135
29 years$1,077$782$557$391$271$118
30 years$1,030$738$519$359$245$103
31 years$986$698$484$330$222$89
32 years$945$660$452$303$201$78
33 years$906$625$422$279$182$68
34 years$870$593$394$257$164$59
35 years$836$562$368$236$149$52
36 years$804$534$345$218$135$45
37 years$773$507$323$200$122$40
38 years$745$482$302$185$111$35
39 years$717$458$283$170$101$30
40 years$692$436$265$157$91$26
41 years$667$415$249$145$83$23
42 years$644$395$233$134$75$20
43 years$622$376$219$123$68$18
44 years$601$359$205$114$62$15
45 years$581$342$193$105$56$13
46 years$562$326$181$97$51$12
47 years$544$312$170$90$46$10
48 years$527$297$160$83$42$9
49 years$510$284$150$77$38$8
50 years$494$271$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 $506,000, adding $4,646 every year, while hoping to spend $20,577 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: 30/41/29 Blend
65$506,000$506,000$506,000$506,000
66$562,404$535,586$527,743$574,164
67$597,876$539,936$523,529$588,111
68$636,276$543,810$518,484$601,001
69$677,881$547,162$512,558$614,465
70$722,996$549,944$505,700$628,565
71$771,956$552,106$497,856$643,376
72$825,130$553,593$488,968$658,978
73$882,921$554,347$478,977$675,462
74$945,777$554,308$467,820$692,932
75$1,014,187$553,410$455,433$711,501
76$1,088,691$551,584$441,747$731,299
77$1,169,883$548,757$426,691$752,467
78$1,258,416$544,851$410,190$775,167
79$1,355,010$539,783$392,166$799,578
80$1,460,455$533,467$372,538$825,899
81$1,575,623$525,809$351,220$854,354
82$1,701,474$516,711$328,123$885,189
83$1,839,064$506,069$303,154$918,682
84$1,989,555$493,773$276,217$955,141
85$2,154,228$479,706$247,208$994,908
86$2,334,492$463,744$216,022$1,038,364
87$2,531,899$445,758$182,549$1,085,933
88$2,748,160$425,607$146,671$1,138,087
89$2,985,157$403,146$108,269$1,195,348
90$3,244,963$378,220$67,216$1,258,298
91$3,529,862$350,666$23,381$1,327,582
92$3,842,369$320,309$0$1,403,915
93$4,185,254$286,968$0$1,495,332
94$4,561,569$250,448$0$1,603,665
95$4,974,674$210,545$0$1,722,695
96$5,428,273$167,044$0$1,853,552
97$5,926,443$119,716$0$1,997,486
98$6,473,678$68,320$0$2,155,878
99$7,074,928$12,602$0$2,330,256
100$7,735,644$0$0$2,522,305