Can I retire at age 66 with 550,000?

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 $550,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.8%
1 years$45,418$45,014$44,619$44,234$43,858$42,471
2 years$22,484$22,066$21,660$21,266$20,885$19,500
3 years$14,841$14,420$14,015$13,626$13,250$11,911
4 years$11,020$10,600$10,200$9,816$9,450$8,167
5 years$8,728$8,311$7,915$7,540$7,184$5,960
6 years$7,200$6,786$6,397$6,030$5,684$4,521
7 years$6,109$5,699$5,316$4,957$4,623$3,520
8 years$5,292$4,885$4,508$4,159$3,835$2,791
9 years$4,656$4,254$3,883$3,542$3,230$2,244
10 years$4,148$3,749$3,385$3,053$2,752$1,823
11 years$3,732$3,338$2,980$2,657$2,367$1,494
12 years$3,386$2,996$2,645$2,331$2,051$1,231
13 years$3,094$2,707$2,363$2,058$1,788$1,020
14 years$2,843$2,461$2,123$1,827$1,568$849
15 years$2,626$2,248$1,917$1,629$1,380$708
16 years$2,437$2,063$1,738$1,459$1,220$593
17 years$2,270$1,900$1,582$1,311$1,082$497
18 years$2,121$1,755$1,444$1,181$962$418
19 years$1,989$1,627$1,322$1,067$857$352
20 years$1,869$1,512$1,213$967$766$297
21 years$1,762$1,408$1,116$877$685$250
22 years$1,664$1,314$1,028$798$614$211
23 years$1,575$1,229$949$726$551$179
24 years$1,493$1,152$878$663$496$151
25 years$1,418$1,081$813$605$446$128
26 years$1,349$1,016$754$553$402$108
27 years$1,285$956$700$506$362$92
28 years$1,226$901$651$464$327$78
29 years$1,171$850$606$425$295$66
30 years$1,120$803$564$390$267$56
31 years$1,072$759$526$359$241$47
32 years$1,027$718$491$330$218$40
33 years$985$680$458$303$197$34
34 years$946$644$428$279$179$29
35 years$908$611$400$257$162$25
36 years$874$580$375$236$147$21
37 years$841$551$351$218$133$18
38 years$809$524$328$201$120$15
39 years$780$498$308$185$109$13
40 years$752$474$288$171$99$11
41 years$725$451$270$158$90$9
42 years$700$429$254$145$82$8
43 years$676$409$238$134$74$7
44 years$653$390$223$124$67$6
45 years$632$372$210$114$61$5
46 years$611$355$197$106$55$4
47 years$591$339$185$98$50$3
48 years$572$323$174$90$46$3
49 years$554$309$163$83$41$2
50 years$537$295$154$77$38$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $550,000, adding $5,112 every year, while hoping to spend $31,596 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: 70/20/10 Blend
65$550,000$550,000$550,000$550,000
66$611,373$582,223$573,698$652,609
67$640,115$577,134$559,299$675,514
68$670,730$570,737$543,359$696,230
69$703,375$562,934$525,792$718,052
70$738,224$553,622$506,510$741,083
71$775,464$542,691$485,420$765,436
72$815,305$530,026$462,425$791,236
73$857,972$515,503$437,422$818,624
74$903,716$498,994$410,307$847,753
75$952,811$480,360$380,967$878,793
76$1,005,555$459,455$349,288$911,936
77$1,062,280$436,127$315,147$947,389
78$1,123,347$410,211$278,418$985,384
79$1,189,153$381,536$238,970$1,026,180
80$1,260,134$349,919$196,664$1,070,060
81$1,336,771$315,169$151,355$1,117,338
82$1,419,590$277,081$102,894$1,168,364
83$1,509,171$235,440$51,123$1,223,522
84$1,606,149$190,019$0$1,283,239
85$1,711,225$140,579$0$1,348,428
86$1,825,168$86,866$0$1,425,020
87$1,948,825$28,611$0$1,508,151
88$2,083,125$0$0$1,598,479
89$2,229,093$0$0$1,704,318
90$2,387,854$0$0$1,826,307
91$2,560,648$0$0$1,959,106
92$2,748,838$0$0$2,103,766
93$2,953,923$0$0$2,261,444
94$3,177,556$0$0$2,433,412
95$3,421,553$0$0$2,621,072
96$3,687,913$0$0$2,825,965
97$3,978,840$0$0$3,049,791
98$4,296,755$0$0$3,294,417
99$4,644,329$0$0$3,561,902
100$5,024,498$0$0$3,854,512