Can I retire at age 66 with 549,000?

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 $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%12.9%
1 years$45,336$44,932$44,538$44,154$43,778$43,249
2 years$22,444$22,026$21,620$21,228$20,847$20,314
3 years$14,814$14,394$13,990$13,601$13,226$12,707
4 years$11,000$10,581$10,181$9,799$9,433$8,931
5 years$8,712$8,296$7,901$7,526$7,171$6,687
6 years$7,187$6,774$6,385$6,019$5,674$5,210
7 years$6,098$5,689$5,306$4,948$4,614$4,170
8 years$5,282$4,876$4,500$4,151$3,828$3,403
9 years$4,648$4,246$3,876$3,536$3,224$2,817
10 years$4,140$3,742$3,379$3,048$2,747$2,359
11 years$3,726$3,332$2,975$2,653$2,362$1,993
12 years$3,380$2,990$2,640$2,327$2,047$1,696
13 years$3,088$2,702$2,359$2,054$1,785$1,452
14 years$2,838$2,456$2,119$1,823$1,565$1,249
15 years$2,622$2,244$1,913$1,626$1,378$1,079
16 years$2,432$2,059$1,735$1,456$1,218$935
17 years$2,265$1,896$1,579$1,308$1,080$812
18 years$2,117$1,752$1,441$1,179$960$708
19 years$1,985$1,624$1,319$1,065$856$618
20 years$1,866$1,509$1,211$965$764$541
21 years$1,758$1,405$1,114$876$684$474
22 years$1,661$1,312$1,026$796$613$415
23 years$1,572$1,227$948$725$550$365
24 years$1,490$1,150$876$661$495$321
25 years$1,415$1,079$812$604$445$282
26 years$1,346$1,014$753$552$401$249
27 years$1,283$954$699$505$362$219
28 years$1,224$899$650$463$326$193
29 years$1,169$848$605$425$295$170
30 years$1,118$801$563$390$266$150
31 years$1,070$757$525$358$241$133
32 years$1,025$717$490$329$218$117
33 years$983$679$458$303$197$104
34 years$944$643$427$278$178$92
35 years$907$610$400$256$162$81
36 years$872$579$374$236$146$72
37 years$839$550$350$217$133$63
38 years$808$523$328$200$120$56
39 years$778$497$307$185$109$50
40 years$751$473$288$170$99$44
41 years$724$450$270$157$90$39
42 years$699$429$253$145$81$34
43 years$675$408$238$134$74$30
44 years$652$389$223$124$67$27
45 years$631$371$209$114$61$24
46 years$610$354$197$106$55$21
47 years$590$338$185$97$50$19
48 years$571$323$174$90$46$17
49 years$553$308$163$83$41$15
50 years$536$294$153$77$38$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $549,000, adding $3,449 every year, while hoping to spend $27,359 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: 38/43/19 Blend
65$549,000$549,000$549,000$549,000
66$608,556$579,459$570,949$628,094
67$641,519$578,742$560,966$641,777
68$676,927$577,074$549,732$653,706
69$715,001$574,378$537,175$666,031
70$755,983$570,574$523,222$678,802
71$800,138$565,578$507,796$692,076
72$847,760$559,299$490,814$705,920
73$899,168$551,641$472,193$720,407
74$954,715$542,503$451,844$735,624
75$1,014,789$531,779$429,673$751,665
76$1,079,815$519,354$405,585$768,638
77$1,150,261$505,107$379,478$786,666
78$1,226,643$488,913$351,245$805,886
79$1,309,526$470,635$320,777$826,451
80$1,399,532$450,131$287,958$848,537
81$1,497,347$427,250$252,667$872,338
82$1,603,724$401,832$214,779$898,073
83$1,719,491$373,709$174,161$925,987
84$1,845,560$342,701$130,676$956,354
85$1,982,934$308,621$84,181$989,481
86$2,132,718$271,268$34,526$1,025,711
87$2,296,127$230,432$0$1,065,428
88$2,474,499$185,890$0$1,112,803
89$2,669,306$137,407$0$1,172,282
90$2,882,169$84,734$0$1,237,425
91$3,114,873$27,608$0$1,308,861
92$3,369,382$0$0$1,387,287
93$3,647,860$0$0$1,489,682
94$3,952,690$0$0$1,616,139
95$4,286,493$0$0$1,754,691
96$4,652,159$0$0$1,906,547
97$5,052,870$0$0$2,073,038
98$5,492,127$0$0$2,255,630
99$5,973,791$0$0$2,455,938
100$6,502,110$0$0$2,675,739