Can I retire at age 66 with 537,000?

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 $537,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.9%
1 years$44,345$43,950$43,565$43,188$42,821$42,304
2 years$21,953$21,544$21,148$20,764$20,391$19,870
3 years$14,490$14,079$13,684$13,303$12,937$12,429
4 years$10,759$10,350$9,958$9,584$9,227$8,736
5 years$8,521$8,114$7,728$7,362$7,014$6,541
6 years$7,030$6,626$6,246$5,887$5,550$5,096
7 years$5,965$5,564$5,190$4,840$4,514$4,078
8 years$5,167$4,770$4,402$4,060$3,744$3,328
9 years$4,546$4,153$3,791$3,459$3,153$2,756
10 years$4,050$3,661$3,305$2,981$2,687$2,308
11 years$3,644$3,259$2,910$2,595$2,311$1,950
12 years$3,306$2,925$2,582$2,276$2,002$1,659
13 years$3,021$2,643$2,307$2,009$1,746$1,420
14 years$2,776$2,403$2,073$1,784$1,531$1,222
15 years$2,564$2,195$1,872$1,591$1,348$1,055
16 years$2,379$2,014$1,697$1,424$1,191$914
17 years$2,216$1,855$1,544$1,280$1,056$795
18 years$2,071$1,714$1,410$1,153$939$692
19 years$1,942$1,588$1,290$1,042$837$605
20 years$1,825$1,476$1,184$944$748$529
21 years$1,720$1,375$1,089$857$669$463
22 years$1,624$1,283$1,004$779$600$406
23 years$1,537$1,200$927$709$538$357
24 years$1,458$1,125$857$647$484$314
25 years$1,384$1,055$794$591$435$276
26 years$1,317$992$736$540$392$243
27 years$1,255$933$684$494$354$214
28 years$1,197$880$636$453$319$189
29 years$1,143$830$592$415$288$167
30 years$1,093$784$551$381$260$147
31 years$1,046$741$514$350$235$130
32 years$1,003$701$479$322$213$115
33 years$962$664$448$296$193$101
34 years$923$629$418$272$174$90
35 years$887$597$391$251$158$79
36 years$853$566$366$231$143$70
37 years$821$538$342$213$130$62
38 years$790$511$321$196$118$55
39 years$761$486$300$181$107$49
40 years$734$463$281$167$97$43
41 years$708$440$264$154$88$38
42 years$684$419$248$142$80$34
43 years$660$400$232$131$72$30
44 years$638$381$218$121$66$26
45 years$617$363$205$112$60$23
46 years$597$346$192$103$54$21
47 years$577$331$181$95$49$18
48 years$559$316$170$88$45$16
49 years$541$301$160$81$41$14
50 years$524$288$150$75$37$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $537,000, adding $6,160 every year, while hoping to spend $28,831 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: 62/31/7 Blend
65$537,000$537,000$537,000$537,000
66$598,128$569,667$561,344$634,012
67$628,461$566,905$549,473$655,971
68$660,922$563,041$536,238$676,014
69$695,697$557,991$521,563$697,150
70$732,991$551,665$505,368$719,485
71$773,028$543,969$487,570$743,136
72$816,056$534,802$468,082$768,231
73$862,344$524,058$446,813$794,915
74$912,189$511,623$423,667$823,347
75$965,918$497,378$398,546$853,704
76$1,023,888$481,196$371,344$886,182
77$1,086,495$462,945$341,954$920,999
78$1,154,169$442,481$310,262$958,396
79$1,227,387$419,656$276,148$998,641
80$1,306,672$394,310$239,490$1,042,030
81$1,392,597$366,276$200,158$1,088,893
82$1,485,795$335,376$158,016$1,139,593
83$1,586,961$301,424$112,924$1,194,535
84$1,696,858$264,221$64,735$1,254,165
85$1,816,328$223,558$13,293$1,318,979
86$1,946,295$179,214$0$1,389,525
87$2,087,776$130,955$0$1,469,519
88$2,241,892$78,535$0$1,557,785
89$2,409,875$21,692$0$1,654,089
90$2,593,080$0$0$1,759,266
91$2,793,000$0$0$1,887,834
92$3,011,277$0$0$2,036,326
93$3,249,721$0$0$2,198,576
94$3,510,321$0$0$2,375,943
95$3,795,271$0$0$2,569,925
96$4,106,983$0$0$2,782,169
97$4,448,114$0$0$3,014,491
98$4,821,590$0$0$3,268,889
99$5,230,633$0$0$3,547,563
100$5,678,792$0$0$3,852,938