Can I retire at age 66 with 554,000?

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 $554,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.8%
1 years$45,749$45,341$44,944$44,556$44,177$43,661
2 years$22,648$22,226$21,817$21,421$21,037$20,517
3 years$14,949$14,525$14,117$13,725$13,346$12,840
4 years$11,100$10,677$10,274$9,888$9,519$9,029
5 years$8,791$8,371$7,973$7,595$7,236$6,764
6 years$7,252$6,836$6,443$6,074$5,726$5,273
7 years$6,154$5,741$5,354$4,993$4,656$4,222
8 years$5,330$4,921$4,541$4,189$3,863$3,448
9 years$4,690$4,284$3,911$3,568$3,253$2,856
10 years$4,178$3,777$3,410$3,076$2,772$2,393
11 years$3,760$3,362$3,002$2,677$2,384$2,024
12 years$3,411$3,018$2,664$2,348$2,066$1,723
13 years$3,116$2,727$2,380$2,073$1,801$1,476
14 years$2,864$2,479$2,139$1,840$1,579$1,270
15 years$2,645$2,264$1,931$1,641$1,390$1,098
16 years$2,454$2,078$1,751$1,469$1,229$952
17 years$2,286$1,913$1,593$1,320$1,090$828
18 years$2,137$1,768$1,454$1,190$969$722
19 years$2,003$1,639$1,331$1,075$864$631
20 years$1,883$1,523$1,222$974$771$552
21 years$1,774$1,418$1,124$884$690$484
22 years$1,676$1,324$1,036$803$619$425
23 years$1,586$1,238$956$732$555$373
24 years$1,504$1,160$884$667$499$329
25 years$1,428$1,089$819$609$449$289
26 years$1,359$1,023$760$557$405$255
27 years$1,294$963$705$510$365$225
28 years$1,235$907$656$467$329$199
29 years$1,179$856$610$429$297$175
30 years$1,128$808$568$393$269$155
31 years$1,080$764$530$361$243$137
32 years$1,034$723$494$332$220$121
33 years$992$685$462$305$199$107
34 years$952$649$431$281$180$95
35 years$915$616$403$259$163$84
36 years$880$584$377$238$148$74
37 years$847$555$353$219$134$66
38 years$815$527$331$202$121$58
39 years$786$502$310$186$110$51
40 years$757$477$290$172$100$46
41 years$731$454$272$159$91$40
42 years$705$433$255$146$82$36
43 years$681$412$240$135$75$32
44 years$658$393$225$125$68$28
45 years$636$375$211$115$61$25
46 years$615$357$198$106$56$22
47 years$596$341$186$98$51$20
48 years$577$326$175$91$46$17
49 years$558$311$165$84$42$15
50 years$541$297$155$78$38$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $554,000, adding $6,969 every year, while hoping to spend $38,195 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: 63/19/18 Blend
65$554,000$554,000$554,000$554,000
66$617,697$588,335$579,748$653,381
67$640,062$576,524$558,530$666,415
68$663,429$562,854$535,321$675,698
69$687,859$547,194$510,015$684,935
70$713,419$529,405$482,498$694,124
71$740,181$509,339$452,655$703,264
72$768,224$486,840$420,363$712,357
73$797,632$461,745$385,495$721,404
74$828,497$433,877$347,916$730,411
75$860,921$403,054$307,488$739,383
76$895,011$369,080$264,065$748,332
77$930,885$331,748$217,494$757,269
78$968,674$290,842$167,619$766,212
79$1,008,516$246,131$114,271$775,180
80$1,050,565$197,372$57,280$784,200
81$1,094,987$144,307$0$793,303
82$1,141,964$86,667$0$803,206
83$1,191,694$24,163$0$825,057
84$1,244,394$0$0$847,934
85$1,300,300$0$0$881,032
86$1,359,672$0$0$921,568
87$1,422,792$0$0$964,684
88$1,489,970$0$0$1,010,595
89$1,561,545$0$0$1,059,536
90$1,637,887$0$0$1,111,763
91$1,719,405$0$0$1,167,559
92$1,806,542$0$0$1,227,231
93$1,899,787$0$0$1,291,117
94$1,999,677$0$0$1,359,590
95$2,106,797$0$0$1,433,055
96$2,221,794$0$0$1,511,960
97$2,345,373$0$0$1,596,794
98$2,478,311$0$0$1,688,095
99$2,621,461$0$0$1,786,455
100$2,775,759$0$0$1,892,522