Can I retire at age 66 with 531,000?

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 $531,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.6%
1 years$43,849$43,459$43,078$42,706$42,343$41,883
2 years$21,708$21,303$20,912$20,532$20,163$19,700
3 years$14,328$13,922$13,531$13,155$12,792$12,341
4 years$10,639$10,234$9,847$9,477$9,124$8,687
5 years$8,426$8,024$7,642$7,279$6,936$6,515
6 years$6,951$6,552$6,176$5,821$5,488$5,083
7 years$5,898$5,502$5,132$4,786$4,463$4,075
8 years$5,109$4,716$4,352$4,015$3,703$3,331
9 years$4,495$4,107$3,749$3,420$3,118$2,763
10 years$4,005$3,620$3,268$2,948$2,657$2,318
11 years$3,603$3,222$2,877$2,566$2,285$1,962
12 years$3,269$2,892$2,554$2,250$1,980$1,673
13 years$2,987$2,614$2,281$1,987$1,727$1,435
14 years$2,745$2,376$2,050$1,764$1,514$1,237
15 years$2,536$2,170$1,851$1,573$1,333$1,070
16 years$2,353$1,991$1,678$1,408$1,178$930
17 years$2,191$1,834$1,527$1,265$1,044$810
18 years$2,048$1,695$1,394$1,140$929$707
19 years$1,920$1,571$1,276$1,030$828$618
20 years$1,805$1,459$1,171$933$739$542
21 years$1,701$1,359$1,077$847$662$476
22 years$1,606$1,269$993$770$593$419
23 years$1,520$1,187$917$701$532$368
24 years$1,441$1,112$848$640$478$325
25 years$1,369$1,044$785$584$431$286
26 years$1,302$981$728$534$388$253
27 years$1,241$923$676$489$350$223
28 years$1,183$870$629$448$315$197
29 years$1,130$821$585$411$285$175
30 years$1,081$775$545$377$257$154
31 years$1,035$733$508$346$233$137
32 years$991$693$474$318$211$121
33 years$951$656$443$293$191$107
34 years$913$622$413$269$172$95
35 years$877$590$387$248$156$84
36 years$843$560$362$228$142$75
37 years$812$532$338$210$128$66
38 years$781$506$317$194$116$59
39 years$753$481$297$179$105$52
40 years$726$457$278$165$96$46
41 years$700$435$261$152$87$41
42 years$676$415$245$140$79$36
43 years$653$395$230$130$71$32
44 years$631$377$216$120$65$29
45 years$610$359$202$110$59$25
46 years$590$343$190$102$53$23
47 years$571$327$179$94$49$20
48 years$553$312$168$87$44$18
49 years$535$298$158$81$40$16
50 years$518$285$148$74$36$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $531,000, adding $6,542 every year, while hoping to spend $26,863 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: 37/48/15 Blend
65$531,000$531,000$531,000$531,000
66$591,910$563,767$555,537$610,888
67$623,703$562,810$545,565$624,165
68$657,838$560,905$534,359$635,447
69$694,527$557,978$521,849$647,055
70$733,999$553,950$507,962$659,032
71$776,510$548,737$492,622$671,428
72$822,338$542,248$475,748$684,298
73$871,789$534,391$457,258$697,708
74$925,199$525,064$437,064$711,730
75$982,938$514,161$415,075$726,449
76$1,045,413$501,570$391,195$741,957
77$1,113,070$487,172$365,325$758,362
78$1,186,401$470,841$337,361$775,785
79$1,265,945$452,443$307,193$794,362
80$1,352,296$431,838$274,709$814,246
81$1,446,107$408,875$239,789$835,611
82$1,548,098$383,397$202,309$858,649
83$1,659,058$355,237$162,141$883,581
84$1,779,856$324,219$119,147$910,650
85$1,911,451$290,155$73,188$940,131
86$2,054,896$252,849$24,116$972,332
87$2,211,348$212,092$0$1,007,595
88$2,382,085$167,663$0$1,050,828
89$2,568,509$119,331$0$1,102,352
90$2,772,168$66,849$0$1,158,808
91$2,994,763$9,958$0$1,220,760
92$3,238,167$0$0$1,288,833
93$3,504,443$0$0$1,390,987
94$3,795,863$0$0$1,508,617
95$4,114,928$0$0$1,637,480
96$4,464,392$0$0$1,778,700
97$4,847,288$0$0$1,933,511
98$5,266,957$0$0$2,103,275
99$5,727,077$0$0$2,289,489
100$6,231,700$0$0$2,493,806