Can I retire at age 66 with 526,000?

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 $526,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.7%
1 years$43,437$43,050$42,672$42,304$41,944$40,634
2 years$21,503$21,103$20,715$20,338$19,973$18,665
3 years$14,193$13,791$13,404$13,031$12,672$11,407
4 years$10,539$10,138$9,755$9,388$9,038$7,825
5 years$8,347$7,948$7,570$7,211$6,870$5,713
6 years$6,886$6,490$6,118$5,767$5,436$4,336
7 years$5,843$5,451$5,084$4,741$4,421$3,378
8 years$5,061$4,672$4,311$3,977$3,668$2,681
9 years$4,453$4,068$3,713$3,388$3,089$2,157
10 years$3,967$3,586$3,237$2,920$2,632$1,753
11 years$3,570$3,192$2,850$2,541$2,263$1,437
12 years$3,239$2,865$2,529$2,229$1,961$1,185
13 years$2,959$2,589$2,260$1,968$1,710$983
14 years$2,719$2,353$2,031$1,747$1,499$818
15 years$2,512$2,150$1,833$1,558$1,320$683
16 years$2,330$1,973$1,662$1,395$1,167$572
17 years$2,171$1,817$1,513$1,253$1,035$481
18 years$2,029$1,679$1,381$1,130$920$404
19 years$1,902$1,556$1,264$1,021$820$341
20 years$1,788$1,446$1,160$924$732$287
21 years$1,685$1,347$1,067$839$655$243
22 years$1,591$1,257$983$763$587$205
23 years$1,506$1,176$908$695$527$174
24 years$1,428$1,102$840$634$474$147
25 years$1,356$1,034$778$579$426$124
26 years$1,290$972$721$529$384$105
27 years$1,229$914$670$484$346$89
28 years$1,172$862$623$444$313$76
29 years$1,120$813$579$407$282$64
30 years$1,071$768$540$373$255$55
31 years$1,025$726$503$343$231$46
32 years$982$687$469$315$209$39
33 years$942$650$438$290$189$33
34 years$904$616$410$267$171$28
35 years$869$584$383$245$155$24
36 years$835$555$358$226$140$20
37 years$804$527$335$208$127$17
38 years$774$501$314$192$115$15
39 years$746$476$294$177$104$13
40 years$719$453$276$163$95$11
41 years$694$431$259$151$86$9
42 years$670$411$243$139$78$8
43 years$647$391$228$128$71$7
44 years$625$373$214$119$64$6
45 years$604$356$201$109$58$5
46 years$584$339$188$101$53$4
47 years$565$324$177$93$48$3
48 years$547$309$166$86$44$3
49 years$530$295$156$80$40$2
50 years$514$282$147$74$36$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $526,000, adding $3,535 every year, while hoping to spend $24,983 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: 47/32/21 Blend
65$526,000$526,000$526,000$526,000
66$583,298$555,420$547,267$607,076
67$616,213$556,054$539,019$624,682
68$651,648$555,882$529,657$641,004
69$689,833$554,837$519,118$658,205
70$731,022$552,851$507,335$676,377
71$775,494$549,848$494,238$695,625
72$823,554$545,750$479,754$716,065
73$875,538$540,473$463,808$737,827
74$931,816$533,929$446,318$761,055
75$992,794$526,025$427,203$785,909
76$1,058,919$516,660$406,374$812,569
77$1,130,681$505,729$383,740$841,234
78$1,208,622$493,120$359,206$872,126
79$1,293,334$478,716$332,673$905,492
80$1,385,473$462,392$304,036$941,605
81$1,485,756$444,014$273,186$980,769
82$1,594,976$423,444$240,010$1,023,325
83$1,714,003$400,532$204,390$1,069,646
84$1,843,795$375,122$166,201$1,120,149
85$1,985,407$347,048$125,314$1,175,299
86$2,140,001$316,135$81,594$1,235,607
87$2,308,854$282,199$34,900$1,301,643
88$2,493,372$245,042$0$1,374,038
89$2,695,106$204,459$0$1,456,838
90$2,915,760$160,230$0$1,556,034
91$3,157,211$112,126$0$1,664,694
92$3,421,529$59,901$0$1,783,805
93$3,710,988$3,300$0$1,914,462
94$4,028,097$0$0$2,057,870
95$4,375,617$0$0$2,235,770
96$4,756,588$0$0$2,432,128
97$5,174,360$0$0$2,647,517
98$5,632,621$0$0$2,883,845
99$6,135,435$0$0$3,143,217
100$6,687,278$0$0$3,427,950