Can I retire at age 66 with 516,000?

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 $516,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.1%
1 years$42,611$42,231$41,861$41,499$41,147$40,956
2 years$21,094$20,702$20,321$19,952$19,594$19,401
3 years$13,923$13,529$13,149$12,783$12,431$12,243
4 years$10,338$9,945$9,569$9,210$8,866$8,683
5 years$8,188$7,797$7,426$7,074$6,740$6,563
6 years$6,755$6,367$6,001$5,657$5,333$5,163
7 years$5,732$5,347$4,987$4,651$4,337$4,173
8 years$4,965$4,583$4,229$3,902$3,598$3,441
9 years$4,368$3,991$3,643$3,323$3,030$2,879
10 years$3,891$3,517$3,176$2,865$2,582$2,437
11 years$3,502$3,131$2,796$2,493$2,220$2,082
12 years$3,177$2,811$2,481$2,187$1,924$1,792
13 years$2,903$2,540$2,217$1,931$1,678$1,552
14 years$2,668$2,309$1,992$1,714$1,471$1,351
15 years$2,464$2,109$1,798$1,528$1,295$1,181
16 years$2,286$1,935$1,631$1,369$1,145$1,036
17 years$2,129$1,782$1,484$1,230$1,015$912
18 years$1,990$1,647$1,354$1,108$902$805
19 years$1,866$1,526$1,240$1,001$804$712
20 years$1,754$1,418$1,138$907$718$631
21 years$1,653$1,321$1,047$823$643$560
22 years$1,561$1,233$965$748$576$498
23 years$1,477$1,153$891$682$517$443
24 years$1,401$1,081$824$622$465$395
25 years$1,330$1,014$763$568$418$353
26 years$1,266$953$708$519$377$315
27 years$1,206$897$657$475$340$281
28 years$1,150$845$611$435$307$252
29 years$1,098$797$568$399$277$225
30 years$1,050$753$529$366$250$202
31 years$1,005$712$494$336$226$181
32 years$963$674$461$309$205$162
33 years$924$638$430$284$185$145
34 years$887$605$402$262$168$131
35 years$852$573$376$241$152$117
36 years$820$544$351$222$138$105
37 years$789$517$329$204$125$94
38 years$759$491$308$188$113$85
39 years$732$467$289$174$102$76
40 years$705$444$270$160$93$68
41 years$681$423$254$148$84$62
42 years$657$403$238$136$77$55
43 years$634$384$223$126$69$50
44 years$613$366$210$116$63$45
45 years$593$349$197$107$57$40
46 years$573$333$185$99$52$36
47 years$555$318$174$92$47$33
48 years$537$303$163$85$43$29
49 years$520$290$153$78$39$26
50 years$504$277$144$72$35$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $516,000, adding $4,062 every year, while hoping to spend $36,087 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: 68/26/6 Blend
65$516,000$516,000$516,000$516,000
66$572,822$545,474$537,476$610,999
67$592,854$533,806$517,085$625,145
68$613,719$520,357$494,802$635,832
69$635,465$505,001$470,524$646,539
70$658,142$487,606$444,147$657,261
71$681,805$468,031$415,558$667,993
72$706,512$446,127$384,642$678,731
73$732,327$421,738$351,278$689,474
74$759,318$394,697$315,340$700,219
75$787,560$364,829$276,695$710,966
76$817,132$331,946$235,206$721,715
77$848,122$295,854$190,727$732,470
78$880,623$256,344$143,109$743,235
79$914,738$213,196$92,195$754,018
80$950,578$166,180$37,821$764,828
81$988,264$115,049$0$775,678
82$1,027,927$59,546$0$787,879
83$1,069,709$0$0$802,827
84$1,113,766$0$0$818,307
85$1,160,269$0$0$852,640
86$1,209,400$0$0$888,928
87$1,261,363$0$0$927,320
88$1,316,377$0$0$967,982
89$1,374,683$0$0$1,011,093
90$1,436,543$0$0$1,056,848
91$1,502,244$0$0$1,105,464
92$1,572,101$0$0$1,157,173
93$1,646,457$0$0$1,212,235
94$1,725,689$0$0$1,270,929
95$1,810,208$0$0$1,333,563
96$1,900,465$0$0$1,400,476
97$1,996,956$0$0$1,472,037
98$2,100,222$0$0$1,548,652
99$2,210,858$0$0$1,630,765
100$2,329,515$0$0$1,718,865