Can I retire at age 66 with 549,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $549,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.6%
1 years$45,336$44,932$44,538$44,154$43,778$43,484
2 years$22,444$22,026$21,620$21,228$20,847$20,550
3 years$14,814$14,394$13,990$13,601$13,226$12,936
4 years$11,000$10,581$10,181$9,799$9,433$9,152
5 years$8,712$8,296$7,901$7,526$7,171$6,899
6 years$7,187$6,774$6,385$6,019$5,674$5,413
7 years$6,098$5,689$5,306$4,948$4,614$4,363
8 years$5,282$4,876$4,500$4,151$3,828$3,587
9 years$4,648$4,246$3,876$3,536$3,224$2,993
10 years$4,140$3,742$3,379$3,048$2,747$2,526
11 years$3,726$3,332$2,975$2,653$2,362$2,152
12 years$3,380$2,990$2,640$2,327$2,047$1,846
13 years$3,088$2,702$2,359$2,054$1,785$1,594
14 years$2,838$2,456$2,119$1,823$1,565$1,383
15 years$2,622$2,244$1,913$1,626$1,378$1,205
16 years$2,432$2,059$1,735$1,456$1,218$1,053
17 years$2,265$1,896$1,579$1,308$1,080$924
18 years$2,117$1,752$1,441$1,179$960$812
19 years$1,985$1,624$1,319$1,065$856$716
20 years$1,866$1,509$1,211$965$764$632
21 years$1,758$1,405$1,114$876$684$559
22 years$1,661$1,312$1,026$796$613$495
23 years$1,572$1,227$948$725$550$439
24 years$1,490$1,150$876$661$495$390
25 years$1,415$1,079$812$604$445$347
26 years$1,346$1,014$753$552$401$309
27 years$1,283$954$699$505$362$275
28 years$1,224$899$650$463$326$245
29 years$1,169$848$605$425$295$218
30 years$1,118$801$563$390$266$195
31 years$1,070$757$525$358$241$174
32 years$1,025$717$490$329$218$155
33 years$983$679$458$303$197$139
34 years$944$643$427$278$178$124
35 years$907$610$400$256$162$111
36 years$872$579$374$236$146$99
37 years$839$550$350$217$133$88
38 years$808$523$328$200$120$79
39 years$778$497$307$185$109$71
40 years$751$473$288$170$99$63
41 years$724$450$270$157$90$57
42 years$699$429$253$145$81$51
43 years$675$408$238$134$74$45
44 years$652$389$223$124$67$41
45 years$631$371$209$114$61$36
46 years$610$354$197$106$55$33
47 years$590$338$185$97$50$29
48 years$571$323$174$90$46$26
49 years$553$308$163$83$41$23
50 years$536$294$153$77$38$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $549,000, adding $5,162 every year, while hoping to spend $34,792 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: 76/18/6 Blend
65$549,000$549,000$549,000$549,000
66$610,323$581,226$572,716$655,948
67$635,557$572,687$554,884$678,105
68$662,199$562,564$535,288$697,395
69$690,356$550,743$513,833$717,521
70$720,145$537,101$490,418$738,551
71$751,692$521,511$464,939$760,562
72$785,136$503,837$437,287$783,637
73$820,631$483,936$407,346$807,871
74$858,341$461,655$374,998$833,365
75$898,449$436,833$340,118$860,234
76$941,153$409,300$302,574$888,605
77$986,672$378,877$262,232$918,618
78$1,035,243$345,373$218,947$950,428
79$1,087,129$308,587$172,573$984,206
80$1,142,615$268,307$122,953$1,020,144
81$1,202,016$224,308$69,926$1,058,451
82$1,265,675$176,352$13,322$1,099,361
83$1,333,971$124,191$0$1,143,132
84$1,407,317$67,558$0$1,193,065
85$1,486,170$6,174$0$1,247,567
86$1,571,027$0$0$1,306,147
87$1,662,438$0$0$1,381,141
88$1,761,005$0$0$1,463,340
89$1,867,388$0$0$1,552,075
90$1,982,316$0$0$1,647,955
91$2,106,587$0$0$1,751,647
92$2,241,079$0$0$1,863,888
93$2,386,757$0$0$1,985,485
94$2,544,682$0$0$2,117,326
95$2,716,022$0$0$2,260,389
96$2,902,059$0$0$2,415,748
97$3,104,206$0$0$2,584,584
98$3,324,016$0$0$2,768,198
99$3,563,196$0$0$2,968,021
100$3,823,626$0$0$3,185,625