Can I retire at age 66 with 522,000?

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 $522,000?

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$43,106$42,722$42,348$41,982$41,625$41,071
2 years$21,340$20,942$20,557$20,184$19,821$19,264
3 years$14,085$13,686$13,302$12,932$12,576$12,032
4 years$10,459$10,061$9,680$9,317$8,969$8,444
5 years$8,283$7,888$7,512$7,156$6,818$6,313
6 years$6,833$6,441$6,071$5,723$5,395$4,910
7 years$5,798$5,409$5,045$4,705$4,388$3,923
8 years$5,022$4,637$4,279$3,947$3,640$3,196
9 years$4,419$4,037$3,685$3,362$3,065$2,642
10 years$3,937$3,558$3,213$2,898$2,612$2,208
11 years$3,542$3,168$2,829$2,522$2,246$1,862
12 years$3,214$2,843$2,510$2,212$1,947$1,582
13 years$2,936$2,569$2,243$1,953$1,697$1,351
14 years$2,699$2,336$2,015$1,734$1,488$1,160
15 years$2,493$2,134$1,819$1,546$1,310$1,000
16 years$2,313$1,958$1,650$1,384$1,158$865
17 years$2,154$1,803$1,501$1,244$1,027$750
18 years$2,013$1,666$1,370$1,121$913$652
19 years$1,887$1,544$1,254$1,013$814$568
20 years$1,774$1,435$1,151$917$727$496
21 years$1,672$1,336$1,059$833$650$433
22 years$1,579$1,247$976$757$583$379
23 years$1,494$1,167$901$689$523$332
24 years$1,417$1,093$833$629$470$291
25 years$1,346$1,026$772$574$423$256
26 years$1,280$964$716$525$381$225
27 years$1,220$907$665$481$344$198
28 years$1,163$855$618$440$310$174
29 years$1,111$807$575$404$280$153
30 years$1,063$762$536$371$253$135
31 years$1,017$720$499$340$229$119
32 years$975$681$466$313$207$105
33 years$935$645$435$288$187$92
34 years$897$612$406$265$170$81
35 years$862$580$380$244$154$72
36 years$829$551$356$224$139$63
37 years$798$523$333$207$126$56
38 years$768$497$312$191$114$49
39 years$740$473$292$176$104$43
40 years$714$450$274$162$94$38
41 years$688$428$257$150$85$34
42 years$665$408$241$138$77$30
43 years$642$388$226$127$70$26
44 years$620$370$212$118$64$23
45 years$600$353$199$109$58$21
46 years$580$337$187$100$53$18
47 years$561$321$176$93$48$16
48 years$543$307$165$86$43$14
49 years$526$293$155$79$39$12
50 years$510$280$146$73$36$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $522,000, adding $4,794 every year, while hoping to spend $42,730 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: 61/12/27 Blend
65$522,000$522,000$522,000$522,000
66$580,189$552,523$544,432$611,106
67$593,904$534,132$517,206$614,302
68$607,586$513,408$487,636$612,749
69$621,186$490,191$455,598$610,143
70$634,649$464,313$420,963$606,388
71$647,914$435,595$383,596$601,385
72$660,910$403,849$343,356$595,021
73$673,560$368,875$300,095$587,179
74$685,776$330,461$253,661$577,731
75$697,457$288,387$203,891$566,537
76$708,495$242,415$150,618$553,446
77$718,766$192,297$93,668$538,295
78$728,131$137,771$32,857$520,909
79$736,437$78,558$0$501,094
80$743,513$14,367$0$487,875
81$749,166$0$0$482,497
82$753,186$0$0$482,577
83$755,336$0$0$483,274
84$755,352$0$0$482,514
85$752,943$0$0$480,100
86$747,786$0$0$475,813
87$739,522$0$0$469,411
88$727,751$0$0$460,626
89$712,033$0$0$449,160
90$691,879$0$0$434,683
91$666,746$0$0$416,830
92$636,035$0$0$395,197
93$599,081$0$0$369,337
94$555,151$0$0$338,755
95$503,431$0$0$302,903
96$443,023$0$0$261,177
97$372,933$0$0$212,907
98$292,062$0$0$157,354
99$199,197$0$0$93,700
100$92,996$0$0$21,043