Can I retire at age 66 with 521,000?

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 $521,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.3%
1 years$43,024$42,640$42,267$41,902$41,545$40,151
2 years$21,299$20,902$20,518$20,145$19,783$18,393
3 years$14,058$13,660$13,276$12,907$12,551$11,208
4 years$10,439$10,041$9,662$9,299$8,952$7,665
5 years$8,267$7,873$7,498$7,142$6,805$5,579
6 years$6,820$6,429$6,059$5,712$5,385$4,220
7 years$5,787$5,399$5,035$4,696$4,379$3,276
8 years$5,013$4,628$4,270$3,939$3,633$2,591
9 years$4,411$4,029$3,678$3,355$3,059$2,077
10 years$3,929$3,552$3,207$2,892$2,607$1,682
11 years$3,536$3,162$2,823$2,517$2,242$1,373
12 years$3,208$2,838$2,505$2,208$1,943$1,128
13 years$2,931$2,565$2,238$1,949$1,694$932
14 years$2,693$2,331$2,011$1,730$1,485$772
15 years$2,488$2,130$1,816$1,543$1,308$642
16 years$2,308$1,954$1,646$1,382$1,156$536
17 years$2,150$1,799$1,498$1,242$1,025$448
18 years$2,009$1,663$1,368$1,119$911$375
19 years$1,884$1,541$1,252$1,011$812$315
20 years$1,771$1,432$1,149$916$725$264
21 years$1,669$1,334$1,057$831$649$222
22 years$1,576$1,245$974$756$582$187
23 years$1,492$1,164$899$688$522$157
24 years$1,414$1,091$832$628$469$133
25 years$1,343$1,024$770$573$422$112
26 years$1,278$962$714$524$381$94
27 years$1,217$906$663$480$343$79
28 years$1,161$853$617$440$310$67
29 years$1,109$805$574$403$280$57
30 years$1,061$760$535$370$253$48
31 years$1,015$719$498$340$228$40
32 years$973$680$465$312$207$34
33 years$933$644$434$287$187$29
34 years$896$610$406$264$169$24
35 years$861$579$379$243$153$21
36 years$827$550$355$224$139$17
37 years$796$522$332$206$126$15
38 years$767$496$311$190$114$12
39 years$739$472$291$175$103$10
40 years$712$449$273$162$94$9
41 years$687$427$256$149$85$7
42 years$663$407$240$138$77$6
43 years$641$388$225$127$70$5
44 years$619$369$212$117$64$5
45 years$598$352$199$108$58$4
46 years$579$336$187$100$52$3
47 years$560$321$175$93$48$3
48 years$542$306$165$85$43$2
49 years$525$292$155$79$39$2
50 years$509$279$146$73$36$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $521,000, adding $4,604 every year, while hoping to spend $35,525 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: 68/23/9 Blend
65$521,000$521,000$521,000$521,000
66$578,891$551,278$543,203$616,933
67$600,140$540,492$523,601$631,990
68$622,365$527,987$502,153$643,732
69$645,629$513,642$478,758$655,630
70$669,999$497,326$453,313$667,695
71$695,548$478,904$425,708$679,938
72$722,356$458,232$395,830$692,372
73$750,507$435,157$363,562$705,015
74$780,096$409,516$328,778$717,886
75$811,223$381,140$291,350$731,007
76$843,999$349,847$251,141$744,406
77$878,545$315,447$208,012$758,114
78$914,990$277,738$161,815$772,165
79$953,478$236,507$112,395$786,602
80$994,165$191,527$59,592$801,472
81$1,037,220$142,562$3,238$816,829
82$1,082,828$89,360$0$832,735
83$1,131,192$31,654$0$854,726
84$1,182,534$0$0$878,104
85$1,237,095$0$0$910,473
86$1,295,141$0$0$953,449
87$1,356,962$0$0$999,237
88$1,422,874$0$0$1,048,074
89$1,493,225$0$0$1,100,220
90$1,568,397$0$0$1,155,960
91$1,648,806$0$0$1,215,607
92$1,734,911$0$0$1,279,502
93$1,827,213$0$0$1,348,021
94$1,926,263$0$0$1,421,577
95$2,032,665$0$0$1,500,621
96$2,147,083$0$0$1,585,650
97$2,270,245$0$0$1,677,209
98$2,402,950$0$0$1,775,897
99$2,546,078$0$0$1,882,370
100$2,700,592$0$0$1,997,352