Can I retire at age 66 with 540,000?

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 $540,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.2%
1 years$44,593$44,195$43,808$43,430$43,060$42,843
2 years$22,076$21,664$21,266$20,880$20,505$20,285
3 years$14,571$14,158$13,761$13,378$13,009$12,794
4 years$10,819$10,408$10,014$9,638$9,278$9,070
5 years$8,569$8,160$7,771$7,403$7,053$6,852
6 years$7,069$6,663$6,280$5,920$5,581$5,387
7 years$5,998$5,596$5,219$4,867$4,539$4,352
8 years$5,195$4,796$4,426$4,083$3,765$3,586
9 years$4,571$4,176$3,812$3,478$3,171$2,999
10 years$4,072$3,681$3,324$2,998$2,702$2,537
11 years$3,665$3,277$2,926$2,609$2,324$2,167
12 years$3,325$2,941$2,597$2,289$2,014$1,864
13 years$3,038$2,658$2,320$2,020$1,756$1,613
14 years$2,792$2,416$2,085$1,794$1,539$1,403
15 years$2,579$2,207$1,882$1,599$1,355$1,225
16 years$2,392$2,025$1,706$1,432$1,198$1,074
17 years$2,228$1,865$1,553$1,287$1,062$945
18 years$2,083$1,723$1,417$1,160$944$833
19 years$1,952$1,597$1,298$1,048$842$736
20 years$1,835$1,484$1,191$949$752$652
21 years$1,730$1,382$1,095$861$673$579
22 years$1,633$1,290$1,010$783$603$514
23 years$1,546$1,207$932$713$541$457
24 years$1,466$1,131$862$650$487$407
25 years$1,392$1,061$798$594$438$363
26 years$1,324$997$741$543$394$324
27 years$1,262$939$688$497$356$290
28 years$1,204$884$639$456$321$259
29 years$1,150$834$595$418$290$231
30 years$1,099$788$554$383$262$207
31 years$1,052$745$517$352$237$185
32 years$1,008$705$482$324$214$166
33 years$967$668$450$298$194$149
34 years$928$633$420$274$175$133
35 years$892$600$393$252$159$120
36 years$858$570$368$232$144$107
37 years$825$541$344$214$130$96
38 years$795$514$322$197$118$86
39 years$766$489$302$182$107$78
40 years$738$465$283$168$97$70
41 years$712$443$265$155$88$63
42 years$687$422$249$143$80$56
43 years$664$402$234$132$73$50
44 years$642$383$219$122$66$45
45 years$620$365$206$112$60$41
46 years$600$348$193$104$54$37
47 years$581$332$182$96$49$33
48 years$562$317$171$89$45$30
49 years$544$303$160$82$41$27
50 years$527$289$151$76$37$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $540,000, adding $6,114 every year, while hoping to spend $33,526 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: 57/21/22 Blend
65$540,000$540,000$540,000$540,000
66$601,387$572,767$564,397$631,779
67$627,057$565,161$547,632$645,598
68$654,221$556,059$529,183$656,546
69$682,998$545,351$508,957$667,752
70$713,514$532,924$486,857$679,249
71$745,910$518,654$462,784$691,074
72$780,337$502,413$436,632$703,272
73$816,965$484,065$408,292$715,893
74$855,975$463,463$377,650$728,994
75$897,567$440,456$344,584$742,640
76$941,963$414,882$308,971$756,904
77$989,401$386,569$270,680$771,871
78$1,040,145$355,337$229,573$787,635
79$1,094,485$320,993$185,509$804,304
80$1,152,737$283,337$138,338$821,997
81$1,215,250$242,154$87,906$840,852
82$1,282,404$197,218$34,049$861,022
83$1,354,619$148,291$0$882,678
84$1,432,354$95,121$0$911,512
85$1,516,114$37,442$0$951,131
86$1,606,454$0$0$993,818
87$1,703,983$0$0$1,045,675
88$1,809,370$0$0$1,111,096
89$1,923,352$0$0$1,181,891
90$2,046,737$0$0$1,258,567
91$2,180,415$0$0$1,341,683
92$2,325,362$0$0$1,431,850
93$2,482,654$0$0$1,529,744
94$2,653,472$0$0$1,636,106
95$2,839,119$0$0$1,751,753
96$3,041,023$0$0$1,877,582
97$3,260,760$0$0$2,014,580
98$3,500,061$0$0$2,163,835
99$3,760,832$0$0$2,326,543
100$4,045,169$0$0$2,504,019