Can I retire at age 66 with 553,000?

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 $553,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.2%
1 years$45,666$45,259$44,863$44,475$44,097$43,510
2 years$22,607$22,186$21,778$21,382$20,999$20,408
3 years$14,922$14,499$14,092$13,700$13,322$12,747
4 years$11,080$10,658$10,255$9,870$9,502$8,945
5 years$8,775$8,356$7,958$7,581$7,223$6,688
6 years$7,239$6,823$6,432$6,063$5,715$5,202
7 years$6,143$5,730$5,345$4,984$4,648$4,156
8 years$5,321$4,912$4,533$4,181$3,856$3,386
9 years$4,681$4,277$3,904$3,562$3,247$2,799
10 years$4,171$3,770$3,404$3,070$2,767$2,339
11 years$3,753$3,356$2,997$2,672$2,380$1,973
12 years$3,405$3,012$2,659$2,344$2,062$1,676
13 years$3,111$2,722$2,376$2,069$1,798$1,432
14 years$2,859$2,474$2,135$1,837$1,576$1,229
15 years$2,641$2,260$1,927$1,638$1,388$1,059
16 years$2,450$2,074$1,747$1,467$1,227$916
17 years$2,282$1,910$1,590$1,318$1,088$794
18 years$2,133$1,765$1,452$1,188$967$691
19 years$1,999$1,636$1,329$1,073$862$602
20 years$1,879$1,520$1,220$972$770$525
21 years$1,771$1,416$1,122$882$689$459
22 years$1,673$1,322$1,034$802$618$402
23 years$1,583$1,236$955$730$554$352
24 years$1,501$1,158$883$666$498$309
25 years$1,426$1,087$818$608$448$271
26 years$1,356$1,021$758$556$404$238
27 years$1,292$961$704$509$364$209
28 years$1,233$906$655$466$329$184
29 years$1,177$854$609$428$297$162
30 years$1,126$807$567$393$268$143
31 years$1,078$763$529$361$242$126
32 years$1,033$722$494$331$219$111
33 years$990$684$461$305$198$98
34 years$951$648$431$280$180$86
35 years$913$615$403$258$163$76
36 years$878$583$377$238$147$67
37 years$845$554$353$219$134$59
38 years$814$526$330$202$121$52
39 years$784$501$309$186$110$46
40 years$756$476$290$172$100$41
41 years$729$453$272$158$90$36
42 years$704$432$255$146$82$32
43 years$680$411$239$135$74$28
44 years$657$392$225$125$68$25
45 years$635$374$211$115$61$22
46 years$614$357$198$106$56$19
47 years$594$340$186$98$51$17
48 years$575$325$175$91$46$15
49 years$557$310$164$84$42$13
50 years$540$296$155$78$38$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $553,000, adding $6,221 every year, while hoping to spend $20,194 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: 46/32/22 Blend
65$553,000$553,000$553,000$553,000
66$615,823$586,514$577,942$640,012
67$657,151$593,767$575,817$664,865
68$702,017$600,698$572,944$689,330
69$750,761$607,271$569,276$715,461
70$803,758$613,446$564,766$743,423
71$861,417$619,181$559,361$773,400
72$924,191$624,431$553,010$805,593
73$992,578$629,147$545,655$840,226
74$1,067,125$633,279$537,238$877,546
75$1,148,435$636,773$527,699$917,826
76$1,237,171$639,571$516,972$961,369
77$1,334,063$641,611$504,992$1,008,509
78$1,439,916$642,828$491,687$1,059,616
79$1,555,613$643,152$476,985$1,115,098
80$1,682,130$642,511$460,808$1,175,407
81$1,820,538$640,825$443,076$1,241,042
82$1,972,019$638,012$423,706$1,312,556
83$2,137,874$633,983$402,608$1,390,557
84$2,319,534$628,645$379,693$1,475,720
85$2,518,577$621,899$354,863$1,568,788
86$2,736,739$613,639$328,018$1,670,586
87$2,975,934$603,755$299,054$1,782,020
88$3,238,268$592,128$267,861$1,904,095
89$3,526,062$578,633$234,325$2,037,920
90$3,841,872$563,137$198,327$2,184,717
91$4,188,513$545,502$159,741$2,345,840
92$4,569,087$525,577$118,438$2,522,781
93$4,987,010$503,206$74,282$2,717,188
94$5,446,046$478,224$27,131$2,930,882
95$5,950,339$450,453$0$3,165,870
96$6,504,457$419,709$0$3,429,814
97$7,113,432$385,795$0$3,726,869
98$7,782,805$348,502$0$4,053,400
99$8,518,685$307,613$0$4,412,427
100$9,327,799$262,893$0$4,807,284