Can I retire at age 66 with 558,000?

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 $558,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.3%
1 years$46,079$45,669$45,268$44,877$44,496$43,526
2 years$22,811$22,387$21,975$21,576$21,188$20,217
3 years$15,057$14,630$14,219$13,824$13,443$12,499
4 years$11,180$10,755$10,348$9,959$9,588$8,679
5 years$8,854$8,432$8,030$7,650$7,288$6,417
6 years$7,305$6,885$6,490$6,117$5,767$4,935
7 years$6,198$5,782$5,393$5,030$4,690$3,897
8 years$5,369$4,956$4,574$4,219$3,891$3,136
9 years$4,724$4,315$3,939$3,594$3,277$2,560
10 years$4,208$3,804$3,434$3,098$2,792$2,113
11 years$3,787$3,386$3,024$2,696$2,401$1,758
12 years$3,436$3,039$2,683$2,365$2,081$1,473
13 years$3,139$2,747$2,397$2,088$1,814$1,241
14 years$2,885$2,497$2,154$1,853$1,591$1,051
15 years$2,665$2,281$1,945$1,653$1,400$893
16 years$2,472$2,093$1,763$1,480$1,238$761
17 years$2,303$1,927$1,605$1,330$1,097$650
18 years$2,152$1,781$1,465$1,198$976$556
19 years$2,017$1,650$1,341$1,083$870$477
20 years$1,896$1,534$1,231$981$777$410
21 years$1,787$1,429$1,132$890$695$353
22 years$1,688$1,333$1,043$809$623$304
23 years$1,597$1,247$963$737$559$262
24 years$1,515$1,169$891$672$503$226
25 years$1,439$1,097$825$614$452$195
26 years$1,369$1,031$765$561$408$169
27 years$1,304$970$711$514$367$146
28 years$1,244$914$661$471$332$126
29 years$1,188$862$615$432$299$109
30 years$1,136$814$573$396$271$94
31 years$1,087$770$534$364$245$82
32 years$1,042$728$498$334$221$71
33 years$999$690$465$307$200$61
34 years$959$654$435$283$181$53
35 years$922$620$406$260$164$46
36 years$886$589$380$240$149$40
37 years$853$559$356$221$135$35
38 years$821$531$333$204$122$30
39 years$791$505$312$188$111$26
40 years$763$481$293$173$101$22
41 years$736$457$274$160$91$19
42 years$710$436$257$148$83$17
43 years$686$415$241$136$75$15
44 years$663$396$227$126$68$13
45 years$641$377$213$116$62$11
46 years$620$360$200$107$56$10
47 years$600$344$188$99$51$8
48 years$581$328$176$92$46$7
49 years$562$313$166$85$42$6
50 years$545$299$156$78$38$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $558,000, adding $2,173 every year, while hoping to spend $26,815 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: 55/40/5 Blend
65$558,000$558,000$558,000$558,000
66$617,157$587,583$578,934$650,352
67$651,577$587,844$569,798$673,232
68$688,608$587,219$559,456$694,949
69$728,489$585,636$547,841$717,928
70$771,482$583,019$534,881$742,293
71$817,874$579,288$520,500$768,178
72$867,980$574,356$504,620$795,737
73$922,148$568,133$487,159$825,136
74$980,758$560,523$468,030$856,561
75$1,044,230$551,423$447,144$890,220
76$1,113,024$540,726$424,406$926,342
77$1,187,648$528,316$399,718$965,180
78$1,268,657$514,073$372,978$1,007,017
79$1,356,665$497,867$344,078$1,052,163
80$1,452,346$479,564$312,905$1,100,965
81$1,556,441$459,019$279,344$1,153,806
82$1,669,767$436,079$243,271$1,211,111
83$1,793,221$410,585$204,558$1,273,349
84$1,927,791$382,365$163,072$1,341,042
85$2,074,565$351,240$118,674$1,414,764
86$2,234,738$317,019$71,218$1,495,156
87$2,409,630$279,501$20,552$1,582,922
88$2,600,689$238,473$0$1,678,845
89$2,809,513$193,712$0$1,785,578
90$3,037,858$144,979$0$1,903,575
91$3,287,661$92,024$0$2,032,808
92$3,561,051$34,582$0$2,174,456
93$3,860,376$0$0$2,329,824
94$4,188,219$0$0$2,512,516
95$4,547,426$0$0$2,729,413
96$4,941,130$0$0$2,967,194
97$5,372,783$0$0$3,227,948
98$5,846,186$0$0$3,513,980
99$6,365,525$0$0$3,827,825
100$6,935,412$0$0$4,172,279