Can I retire at age 66 with 513,000?

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 $513,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.2%
1 years$42,363$41,986$41,618$41,258$40,907$40,363
2 years$20,972$20,581$20,203$19,836$19,480$18,932
3 years$13,842$13,450$13,072$12,709$12,359$11,825
4 years$10,278$9,887$9,513$9,156$8,814$8,298
5 years$8,140$7,752$7,383$7,033$6,701$6,204
6 years$6,716$6,330$5,966$5,624$5,302$4,825
7 years$5,698$5,316$4,958$4,624$4,312$3,855
8 years$4,936$4,557$4,205$3,879$3,577$3,141
9 years$4,343$3,967$3,622$3,304$3,012$2,596
10 years$3,869$3,497$3,157$2,848$2,567$2,170
11 years$3,481$3,113$2,780$2,479$2,207$1,830
12 years$3,159$2,794$2,467$2,174$1,913$1,554
13 years$2,886$2,525$2,204$1,919$1,668$1,328
14 years$2,652$2,295$1,980$1,704$1,462$1,140
15 years$2,450$2,097$1,788$1,520$1,288$983
16 years$2,273$1,924$1,621$1,361$1,138$850
17 years$2,117$1,772$1,475$1,222$1,009$737
18 years$1,978$1,637$1,347$1,102$897$641
19 years$1,855$1,517$1,233$995$800$558
20 years$1,744$1,410$1,131$902$714$487
21 years$1,643$1,313$1,041$818$639$426
22 years$1,552$1,226$959$744$573$373
23 years$1,469$1,147$886$678$514$327
24 years$1,393$1,074$819$618$462$286
25 years$1,323$1,008$759$564$416$251
26 years$1,258$948$704$516$375$221
27 years$1,199$892$653$472$338$194
28 years$1,143$840$607$433$305$171
29 years$1,092$793$565$397$275$150
30 years$1,044$749$526$364$249$132
31 years$1,000$708$491$334$225$117
32 years$958$670$458$307$203$103
33 years$919$634$428$283$184$91
34 years$882$601$399$260$167$80
35 years$847$570$373$239$151$70
36 years$815$541$349$221$137$62
37 years$784$514$327$203$124$55
38 years$755$488$306$187$112$48
39 years$727$464$287$173$102$43
40 years$701$442$269$159$92$38
41 years$677$421$252$147$84$33
42 years$653$401$237$136$76$29
43 years$631$382$222$125$69$26
44 years$610$364$208$116$63$23
45 years$589$347$196$107$57$20
46 years$570$331$184$99$52$18
47 years$551$316$173$91$47$16
48 years$534$301$162$84$43$14
49 years$517$288$152$78$39$12
50 years$501$275$143$72$35$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $513,000, adding $5,830 every year, while hoping to spend $25,360 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: 32/48/20 Blend
65$513,000$513,000$513,000$513,000
66$571,340$544,151$536,199$585,922
67$602,633$543,831$527,179$597,007
68$636,269$542,646$517,007$606,222
69$672,459$540,526$505,617$615,617
70$711,436$537,398$492,941$625,224
71$753,456$533,184$478,908$635,078
72$798,799$527,801$463,442$645,221
73$847,776$521,162$446,466$655,703
74$900,723$513,173$427,898$666,578
75$958,016$503,738$407,651$677,912
76$1,020,063$492,750$385,637$689,778
77$1,087,315$480,101$361,761$702,260
78$1,160,268$465,672$335,927$715,454
79$1,239,466$449,341$308,032$729,469
80$1,325,510$430,977$277,969$744,428
81$1,419,058$410,441$245,627$760,471
82$1,520,836$387,586$210,889$777,757
83$1,631,641$362,259$173,634$796,463
84$1,752,353$334,294$133,735$816,790
85$1,883,937$303,518$91,060$838,966
86$2,027,458$269,750$45,469$863,243
87$2,184,085$232,794$0$889,909
88$2,355,108$192,447$0$919,962
89$2,541,945$148,493$0$963,482
90$2,746,158$100,704$0$1,011,191
91$2,969,466$48,838$0$1,063,574
92$3,213,763$0$0$1,121,169
93$3,481,132$0$0$1,188,463
94$3,773,868$0$0$1,290,461
95$4,094,501$0$0$1,402,258
96$4,445,812$0$0$1,524,833
97$4,830,868$0$0$1,659,267
98$5,253,044$0$0$1,806,748
99$5,716,059$0$0$1,968,586
100$6,224,009$0$0$2,146,225