Can I retire at age 66 with 554,000?

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 $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%14.2%
1 years$45,749$45,341$44,944$44,556$44,177$43,409
2 years$22,648$22,226$21,817$21,421$21,037$20,266
3 years$14,949$14,525$14,117$13,725$13,346$12,596
4 years$11,100$10,677$10,274$9,888$9,519$8,795
5 years$8,791$8,371$7,973$7,595$7,236$6,541
6 years$7,252$6,836$6,443$6,074$5,726$5,060
7 years$6,154$5,741$5,354$4,993$4,656$4,021
8 years$5,330$4,921$4,541$4,189$3,863$3,256
9 years$4,690$4,284$3,911$3,568$3,253$2,676
10 years$4,178$3,777$3,410$3,076$2,772$2,223
11 years$3,760$3,362$3,002$2,677$2,384$1,863
12 years$3,411$3,018$2,664$2,348$2,066$1,572
13 years$3,116$2,727$2,380$2,073$1,801$1,335
14 years$2,864$2,479$2,139$1,840$1,579$1,138
15 years$2,645$2,264$1,931$1,641$1,390$974
16 years$2,454$2,078$1,751$1,469$1,229$837
17 years$2,286$1,913$1,593$1,320$1,090$720
18 years$2,137$1,768$1,454$1,190$969$622
19 years$2,003$1,639$1,331$1,075$864$538
20 years$1,883$1,523$1,222$974$771$466
21 years$1,774$1,418$1,124$884$690$404
22 years$1,676$1,324$1,036$803$619$351
23 years$1,586$1,238$956$732$555$305
24 years$1,504$1,160$884$667$499$266
25 years$1,428$1,089$819$609$449$231
26 years$1,359$1,023$760$557$405$202
27 years$1,294$963$705$510$365$176
28 years$1,235$907$656$467$329$153
29 years$1,179$856$610$429$297$134
30 years$1,128$808$568$393$269$117
31 years$1,080$764$530$361$243$102
32 years$1,034$723$494$332$220$89
33 years$992$685$462$305$199$78
34 years$952$649$431$281$180$68
35 years$915$616$403$259$163$60
36 years$880$584$377$238$148$52
37 years$847$555$353$219$134$46
38 years$815$527$331$202$121$40
39 years$786$502$310$186$110$35
40 years$757$477$290$172$100$31
41 years$731$454$272$159$91$27
42 years$705$433$255$146$82$23
43 years$681$412$240$135$75$20
44 years$658$393$225$125$68$18
45 years$636$375$211$115$61$16
46 years$615$357$198$106$56$14
47 years$596$341$186$98$51$12
48 years$577$326$175$91$46$11
49 years$558$311$165$84$42$9
50 years$541$297$155$78$38$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $554,000, adding $6,252 every year, while hoping to spend $23,749 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: 51/38/11 Blend
65$554,000$554,000$554,000$554,000
66$616,957$587,595$579,008$646,314
67$654,618$591,118$573,136$670,575
68$695,324$594,018$566,271$693,887
69$739,361$596,240$558,356$718,684
70$787,044$597,723$549,328$745,110
71$838,716$598,405$539,124$773,328
72$894,757$598,219$527,677$803,516
73$955,586$597,095$514,918$835,873
74$1,021,660$594,957$500,772$870,619
75$1,093,485$591,726$485,163$907,997
76$1,171,616$587,316$468,012$948,276
77$1,256,664$581,637$449,233$991,754
78$1,349,301$574,595$428,740$1,038,762
79$1,450,268$566,088$406,441$1,089,665
80$1,560,379$556,010$382,240$1,144,866
81$1,680,529$544,247$356,037$1,204,814
82$1,811,706$530,678$327,728$1,270,002
83$1,954,996$515,177$297,203$1,340,979
84$2,111,594$497,609$264,347$1,418,350
85$2,282,817$477,832$229,043$1,502,783
86$2,470,113$455,695$191,165$1,595,020
87$2,675,079$431,038$150,583$1,695,879
88$2,899,471$403,692$107,161$1,806,265
89$3,145,224$373,481$60,758$1,927,179
90$3,414,469$340,214$11,226$2,059,725
91$3,709,553$303,692$0$2,205,126
92$4,033,060$263,706$0$2,369,619
93$4,387,837$220,032$0$2,551,533
94$4,777,018$172,435$0$2,751,218
95$5,204,056$120,666$0$2,970,513
96$5,672,755$64,465$0$3,211,454
97$6,187,306$3,553$0$3,476,284
98$6,752,322$0$0$3,767,480
99$7,372,888$0$0$4,113,853
100$8,054,604$0$0$4,496,050