Can I retire at age 66 with 545,000?

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 $545,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12%
1 years$45,006$44,605$44,214$43,832$43,459$43,095
2 years$22,280$21,865$21,463$21,073$20,695$20,328
3 years$14,706$14,289$13,888$13,502$13,130$12,771
4 years$10,919$10,504$10,107$9,727$9,364$9,017
5 years$8,648$8,235$7,843$7,471$7,118$6,784
6 years$7,135$6,725$6,339$5,975$5,633$5,310
7 years$6,054$5,647$5,267$4,912$4,581$4,271
8 years$5,244$4,841$4,467$4,121$3,800$3,504
9 years$4,614$4,215$3,848$3,510$3,200$2,917
10 years$4,110$3,715$3,354$3,026$2,727$2,456
11 years$3,698$3,307$2,953$2,633$2,345$2,086
12 years$3,356$2,969$2,621$2,310$2,032$1,786
13 years$3,066$2,683$2,342$2,039$1,772$1,538
14 years$2,817$2,438$2,104$1,810$1,553$1,330
15 years$2,602$2,228$1,900$1,614$1,368$1,156
16 years$2,415$2,044$1,722$1,445$1,209$1,008
17 years$2,249$1,882$1,567$1,299$1,072$882
18 years$2,102$1,739$1,431$1,170$953$773
19 years$1,970$1,612$1,310$1,058$849$679
20 years$1,852$1,498$1,202$958$759$598
21 years$1,746$1,395$1,106$869$679$527
22 years$1,649$1,302$1,019$790$609$466
23 years$1,560$1,218$941$720$546$412
24 years$1,479$1,141$870$657$491$365
25 years$1,405$1,071$806$600$442$323
26 years$1,337$1,007$747$548$398$287
27 years$1,273$947$694$502$359$254
28 years$1,215$893$645$460$324$226
29 years$1,160$842$600$422$292$201
30 years$1,109$795$559$387$264$179
31 years$1,062$752$521$355$239$159
32 years$1,018$711$486$327$216$141
33 years$976$674$454$300$196$126
34 years$937$639$424$276$177$112
35 years$900$606$397$254$160$100
36 years$866$575$371$234$145$89
37 years$833$546$347$216$132$79
38 years$802$519$325$199$119$71
39 years$773$493$305$183$108$63
40 years$745$469$286$169$98$56
41 years$719$447$268$156$89$50
42 years$694$426$251$144$81$45
43 years$670$405$236$133$73$40
44 years$648$386$221$123$67$36
45 years$626$369$208$113$60$32
46 years$605$352$195$105$55$28
47 years$586$336$183$97$50$25
48 years$567$320$172$89$45$23
49 years$549$306$162$83$41$20
50 years$532$292$152$76$37$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $545,000, adding $5,787 every year, while hoping to spend $42,291 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: 61/23/16 Blend
65$545,000$545,000$545,000$545,000
66$606,559$577,674$569,227$640,773
67$623,431$560,983$543,299$647,819
68$640,606$542,056$515,084$650,244
69$658,071$520,740$484,463$651,894
70$675,810$496,872$451,308$652,695
71$693,802$470,278$415,486$652,573
72$712,024$440,777$376,859$651,444
73$730,451$408,174$335,284$649,220
74$749,049$372,267$290,608$645,806
75$767,783$332,840$242,675$641,099
76$786,612$289,663$191,319$634,990
77$805,487$242,498$136,369$627,360
78$824,355$191,088$77,646$618,082
79$843,154$135,166$14,962$607,018
80$861,813$74,447$0$594,021
81$880,255$8,632$0$587,798
82$898,389$0$0$582,614
83$916,117$0$0$591,606
84$933,324$0$0$602,410
85$949,885$0$0$612,756
86$965,658$0$0$622,547
87$980,485$0$0$631,676
88$994,189$0$0$640,024
89$1,006,572$0$0$647,457
90$1,017,413$0$0$653,826
91$1,026,468$0$0$658,964
92$1,033,463$0$0$662,688
93$1,038,093$0$0$664,792
94$1,040,021$0$0$665,048
95$1,038,871$0$0$663,201
96$1,034,226$0$0$658,972
97$1,025,623$0$0$652,046
98$1,012,548$0$0$642,079
99$994,433$0$0$628,687
100$970,646$0$0$611,443