Can I retire at age 66 with 541,000?

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 $541,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.3%
1 years$44,675$44,277$43,889$43,510$43,140$42,548
2 years$22,116$21,705$21,305$20,918$20,543$19,948
3 years$14,598$14,184$13,786$13,403$13,033$12,453
4 years$10,839$10,427$10,033$9,656$9,295$8,735
5 years$8,585$8,175$7,786$7,417$7,066$6,527
6 years$7,082$6,675$6,292$5,931$5,591$5,074
7 years$6,009$5,606$5,229$4,876$4,547$4,052
8 years$5,205$4,805$4,434$4,091$3,772$3,299
9 years$4,580$4,184$3,819$3,484$3,177$2,725
10 years$4,080$3,688$3,330$3,003$2,707$2,277
11 years$3,671$3,283$2,931$2,614$2,328$1,919
12 years$3,331$2,947$2,602$2,293$2,017$1,629
13 years$3,043$2,663$2,324$2,024$1,759$1,390
14 years$2,797$2,421$2,088$1,797$1,542$1,193
15 years$2,583$2,211$1,886$1,602$1,358$1,027
16 years$2,397$2,029$1,710$1,435$1,200$888
17 years$2,232$1,868$1,556$1,289$1,064$769
18 years$2,086$1,727$1,420$1,162$946$668
19 years$1,956$1,600$1,300$1,050$843$582
20 years$1,839$1,487$1,193$951$753$507
21 years$1,733$1,385$1,097$863$674$443
22 years$1,637$1,293$1,011$785$604$388
23 years$1,549$1,209$934$715$542$339
24 years$1,469$1,133$864$652$487$297
25 years$1,395$1,063$800$595$439$261
26 years$1,327$999$742$544$395$229
27 years$1,264$940$689$498$356$201
28 years$1,206$886$640$456$321$177
29 years$1,152$836$596$419$290$156
30 years$1,101$789$555$384$262$137
31 years$1,054$746$518$353$237$120
32 years$1,010$706$483$324$214$106
33 years$969$669$451$298$194$93
34 years$930$634$421$274$176$82
35 years$894$601$394$253$159$72
36 years$859$571$368$233$144$64
37 years$827$542$345$214$131$56
38 years$796$515$323$197$119$50
39 years$767$490$303$182$107$44
40 years$740$466$284$168$97$39
41 years$714$444$266$155$88$34
42 years$689$422$249$143$80$30
43 years$665$402$234$132$73$26
44 years$643$384$220$122$66$23
45 years$621$366$206$113$60$21
46 years$601$349$194$104$54$18
47 years$582$333$182$96$49$16
48 years$563$318$171$89$45$14
49 years$545$304$161$82$41$12
50 years$528$290$151$76$37$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $541,000, adding $3,926 every year, while hoping to spend $34,716 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: 47/29/24 Blend
65$541,000$541,000$541,000$541,000
66$600,232$571,559$563,173$624,163
67$624,518$562,627$545,102$632,419
68$650,117$552,095$525,262$637,635
69$677,128$539,847$503,557$642,599
70$705,656$525,760$479,887$647,305
71$735,817$509,706$454,147$651,748
72$767,736$491,548$426,227$655,924
73$801,553$471,142$396,013$659,833
74$837,418$448,334$363,386$663,476
75$875,496$422,963$328,220$666,858
76$915,966$394,858$290,385$669,989
77$959,025$363,837$249,744$672,882
78$1,004,891$329,710$206,156$675,556
79$1,053,798$292,273$159,470$678,033
80$1,106,005$251,315$109,532$680,345
81$1,161,796$206,608$56,180$682,530
82$1,221,482$157,914$0$684,635
83$1,285,403$104,982$0$686,908
84$1,353,933$47,545$0$704,589
85$1,427,481$0$0$723,403
86$1,506,498$0$0$748,177
87$1,591,477$0$0$791,180
88$1,682,961$0$0$837,520
89$1,781,544$0$0$887,505
90$1,887,881$0$0$941,471
91$2,002,689$0$0$999,790
92$2,126,759$0$0$1,062,870
93$2,260,958$0$0$1,131,159
94$2,406,238$0$0$1,205,149
95$2,563,649$0$0$1,285,383
96$2,734,344$0$0$1,372,456
97$2,919,589$0$0$1,467,023
98$3,120,779$0$0$1,569,805
99$3,339,447$0$0$1,681,595
100$3,577,280$0$0$1,803,265