Can I retire at age 66 with 548,000?

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 $548,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.7%
1 years$45,253$44,850$44,457$44,073$43,698$42,504
2 years$22,403$21,985$21,581$21,189$20,809$19,614
3 years$14,787$14,368$13,964$13,576$13,202$12,045
4 years$10,980$10,562$10,162$9,781$9,416$8,304
5 years$8,696$8,281$7,887$7,513$7,158$6,096
6 years$7,174$6,762$6,373$6,008$5,664$4,652
7 years$6,087$5,678$5,296$4,939$4,606$3,644
8 years$5,272$4,867$4,492$4,144$3,821$2,909
9 years$4,639$4,238$3,869$3,529$3,218$2,355
10 years$4,133$3,736$3,373$3,042$2,742$1,926
11 years$3,719$3,326$2,969$2,648$2,358$1,589
12 years$3,374$2,985$2,635$2,322$2,043$1,319
13 years$3,083$2,697$2,354$2,050$1,782$1,101
14 years$2,833$2,452$2,115$1,820$1,562$923
15 years$2,617$2,240$1,910$1,623$1,375$777
16 years$2,428$2,055$1,732$1,453$1,216$655
17 years$2,261$1,893$1,576$1,306$1,078$554
18 years$2,113$1,749$1,438$1,177$958$470
19 years$1,981$1,621$1,317$1,063$854$399
20 years$1,862$1,506$1,209$963$763$339
21 years$1,755$1,403$1,112$874$683$288
22 years$1,658$1,310$1,025$795$612$246
23 years$1,569$1,225$946$724$549$209
24 years$1,488$1,148$875$660$494$179
25 years$1,413$1,077$810$603$444$153
26 years$1,344$1,012$752$551$400$130
27 years$1,280$953$698$505$361$111
28 years$1,221$898$649$462$326$95
29 years$1,167$847$604$424$294$81
30 years$1,115$800$562$389$266$70
31 years$1,068$756$524$357$240$60
32 years$1,023$715$489$328$217$51
33 years$981$677$457$302$197$44
34 years$942$642$427$278$178$37
35 years$905$609$399$256$161$32
36 years$870$578$373$236$146$27
37 years$837$549$349$217$132$23
38 years$806$522$327$200$120$20
39 years$777$496$306$184$109$17
40 years$749$472$287$170$99$15
41 years$723$449$269$157$90$13
42 years$698$428$253$145$81$11
43 years$674$408$237$134$74$9
44 years$651$389$223$123$67$8
45 years$629$371$209$114$61$7
46 years$609$354$196$105$55$6
47 years$589$337$184$97$50$5
48 years$570$322$173$90$46$4
49 years$552$308$163$83$41$4
50 years$535$294$153$77$38$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $548,000, adding $2,872 every year, while hoping to spend $22,504 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: 81/10/9 Blend
65$548,000$548,000$548,000$548,000
66$606,858$577,814$569,320$654,994
67$644,814$582,183$564,449$691,315
68$685,887$586,012$558,659$727,909
69$730,371$589,250$551,898$767,397
70$778,590$591,845$544,108$810,059
71$830,899$593,738$535,229$856,199
72$887,691$594,871$525,199$906,155
73$949,394$595,179$513,952$960,298
74$1,016,482$594,593$501,419$1,019,038
75$1,089,477$593,041$487,530$1,082,824
76$1,168,950$590,446$472,209$1,152,154
77$1,255,532$586,728$455,377$1,227,574
78$1,349,917$581,798$436,953$1,309,686
79$1,452,869$575,567$416,851$1,399,155
80$1,565,227$567,935$394,981$1,496,713
81$1,687,918$558,801$371,250$1,603,165
82$1,821,958$548,055$345,560$1,719,401
83$1,968,469$535,581$317,808$1,846,399
84$2,128,686$521,257$287,887$1,985,238
85$2,303,967$504,954$255,686$2,137,107
86$2,495,808$486,533$221,089$2,303,318
87$2,705,858$465,851$183,972$2,485,313
88$2,935,930$442,752$144,210$2,684,686
89$3,188,023$417,075$101,669$2,903,190
90$3,464,337$388,648$56,211$3,142,758
91$3,767,296$357,288$7,690$3,405,522
92$4,099,569$322,804$0$3,693,830
93$4,464,096$284,992$0$4,014,504
94$4,864,116$243,639$0$4,367,227
95$5,303,195$198,517$0$4,754,421
96$5,785,263$149,386$0$5,179,566
97$6,314,647$95,994$0$5,646,500
98$6,896,117$38,073$0$6,159,450
99$7,534,924$0$0$6,723,077
100$8,236,854$0$0$7,345,226