Can I retire at age 66 with 544,000?

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 $544,000?

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$44,923$44,523$44,132$43,751$43,379$42,908
2 years$22,239$21,825$21,424$21,034$20,657$20,183
3 years$14,679$14,263$13,862$13,477$13,106$12,643
4 years$10,899$10,485$10,088$9,709$9,347$8,899
5 years$8,632$8,220$7,829$7,458$7,105$6,674
6 years$7,121$6,712$6,327$5,964$5,622$5,208
7 years$6,043$5,637$5,258$4,903$4,572$4,175
8 years$5,234$4,832$4,459$4,113$3,793$3,413
9 years$4,605$4,207$3,841$3,504$3,194$2,831
10 years$4,103$3,708$3,348$3,020$2,722$2,375
11 years$3,692$3,301$2,948$2,628$2,341$2,010
12 years$3,349$2,963$2,616$2,305$2,029$1,714
13 years$3,060$2,678$2,337$2,035$1,769$1,470
14 years$2,812$2,434$2,100$1,807$1,551$1,267
15 years$2,598$2,224$1,896$1,611$1,365$1,097
16 years$2,410$2,040$1,719$1,443$1,207$952
17 years$2,245$1,879$1,564$1,296$1,070$829
18 years$2,098$1,736$1,428$1,168$951$724
19 years$1,967$1,609$1,307$1,056$848$634
20 years$1,849$1,495$1,200$956$757$555
21 years$1,742$1,393$1,104$868$678$488
22 years$1,646$1,300$1,017$789$608$429
23 years$1,557$1,216$939$718$545$377
24 years$1,477$1,139$868$655$490$333
25 years$1,403$1,069$804$598$441$293
26 years$1,334$1,005$746$547$397$259
27 years$1,271$946$693$501$358$229
28 years$1,212$891$644$459$323$202
29 years$1,158$841$599$421$292$179
30 years$1,107$794$558$386$264$158
31 years$1,060$750$520$355$238$140
32 years$1,016$710$486$326$216$124
33 years$974$672$453$300$195$110
34 years$935$637$424$276$177$97
35 years$899$605$396$254$160$86
36 years$864$574$370$234$145$76
37 years$831$545$347$215$131$68
38 years$801$518$325$199$119$60
39 years$771$492$304$183$108$53
40 years$744$469$285$169$98$47
41 years$718$446$267$156$89$42
42 years$693$425$251$144$81$37
43 years$669$405$235$133$73$33
44 years$646$386$221$123$66$29
45 years$625$368$207$113$60$26
46 years$604$351$195$105$55$23
47 years$585$335$183$97$50$21
48 years$566$320$172$89$45$18
49 years$548$305$162$82$41$16
50 years$531$292$152$76$37$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $544,000, adding $4,787 every year, while hoping to spend $41,674 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: 68/14/18 Blend
65$544,000$544,000$544,000$544,000
66$604,426$575,594$567,162$642,567
67$621,736$559,457$541,821$652,508
68$639,416$541,133$514,234$658,048
69$657,458$520,470$484,283$663,081
70$675,854$497,309$451,842$667,552
71$694,594$471,480$416,781$671,405
72$713,664$442,804$378,965$674,579
73$733,049$411,091$338,251$677,008
74$752,728$376,143$294,490$678,620
75$772,678$337,747$247,528$679,337
76$792,874$295,679$197,203$679,079
77$813,283$249,703$143,345$677,753
78$833,870$199,570$85,779$675,265
79$854,591$145,016$24,320$671,509
80$875,400$85,762$0$666,374
81$896,241$21,514$0$667,663
82$917,052$0$0$672,820
83$937,761$0$0$684,466
84$958,288$0$0$699,274
85$978,543$0$0$713,858
86$998,422$0$0$728,144
87$1,017,812$0$0$742,042
88$1,036,582$0$0$755,457
89$1,054,588$0$0$768,278
90$1,071,667$0$0$780,384
91$1,087,637$0$0$791,637
92$1,102,296$0$0$801,885
93$1,115,418$0$0$810,958
94$1,126,750$0$0$818,666
95$1,136,011$0$0$824,797
96$1,142,888$0$0$829,116
97$1,147,033$0$0$831,361
98$1,148,059$0$0$831,242
99$1,145,537$0$0$828,437
100$1,138,989$0$0$822,586