Can I retire at age 66 with 560,000?

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 $560,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.5%
1 years$46,244$45,832$45,430$45,038$44,655$44,189
2 years$22,893$22,467$22,054$21,653$21,264$20,795
3 years$15,111$14,682$14,270$13,873$13,491$13,033
4 years$11,220$10,793$10,385$9,995$9,622$9,178
5 years$8,886$8,462$8,059$7,677$7,314$6,887
6 years$7,331$6,910$6,513$6,139$5,788$5,377
7 years$6,220$5,803$5,412$5,048$4,707$4,313
8 years$5,388$4,974$4,590$4,234$3,905$3,528
9 years$4,741$4,331$3,953$3,607$3,288$2,928
10 years$4,223$3,817$3,447$3,109$2,802$2,458
11 years$3,800$3,398$3,034$2,706$2,410$2,082
12 years$3,448$3,050$2,693$2,373$2,088$1,776
13 years$3,150$2,757$2,406$2,095$1,821$1,524
14 years$2,895$2,506$2,162$1,860$1,596$1,315
15 years$2,674$2,289$1,952$1,659$1,405$1,138
16 years$2,481$2,100$1,770$1,485$1,242$989
17 years$2,311$1,934$1,610$1,334$1,101$862
18 years$2,160$1,787$1,470$1,203$979$753
19 years$2,025$1,656$1,346$1,087$873$660
20 years$1,903$1,539$1,235$984$780$579
21 years$1,794$1,434$1,136$893$698$508
22 years$1,694$1,338$1,047$812$625$447
23 years$1,603$1,252$967$740$561$394
24 years$1,520$1,173$894$675$505$348
25 years$1,444$1,101$828$616$454$307
26 years$1,373$1,034$768$563$409$271
27 years$1,308$973$713$516$369$240
28 years$1,248$917$663$472$333$212
29 years$1,192$865$617$433$300$188
30 years$1,140$817$575$398$271$166
31 years$1,091$773$536$365$245$147
32 years$1,046$731$500$336$222$130
33 years$1,003$692$467$309$201$116
34 years$963$656$436$284$182$103
35 years$925$622$408$261$165$91
36 years$889$591$381$241$149$81
37 years$856$561$357$222$135$72
38 years$824$533$334$204$123$64
39 years$794$507$313$188$111$56
40 years$766$482$294$174$101$50
41 years$739$459$275$160$92$45
42 years$713$437$258$148$83$40
43 years$689$417$242$137$75$35
44 years$665$397$227$126$68$31
45 years$643$379$214$117$62$28
46 years$622$361$201$108$56$25
47 years$602$345$188$99$51$22
48 years$583$329$177$92$47$19
49 years$564$314$166$85$42$17
50 years$547$300$156$78$38$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $560,000, adding $6,562 every year, while hoping to spend $29,445 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: 64/16/20 Blend
65$560,000$560,000$560,000$560,000
66$623,889$594,209$585,529$660,237
67$656,196$591,996$573,815$683,271
68$690,812$588,687$560,721$704,502
69$727,941$584,199$546,171$727,008
70$767,807$578,441$530,084$750,917
71$810,656$571,317$512,375$776,368
72$856,758$562,727$492,955$803,516
73$906,411$552,564$471,732$832,535
74$959,939$540,714$448,609$863,614
75$1,017,701$527,057$423,486$896,965
76$1,080,090$511,467$396,256$932,823
77$1,147,538$493,807$366,810$971,446
78$1,220,520$473,937$335,031$1,013,122
79$1,299,558$451,705$300,800$1,058,170
80$1,385,227$426,952$263,990$1,106,941
81$1,478,156$399,509$224,470$1,159,826
82$1,579,041$369,198$182,103$1,217,255
83$1,688,644$335,830$136,744$1,279,705
84$1,807,807$299,206$88,246$1,347,706
85$1,937,451$259,116$36,451$1,421,840
86$2,078,595$215,336$0$1,502,755
87$2,232,357$167,632$0$1,595,180
88$2,399,967$115,756$0$1,704,453
89$2,582,780$59,445$0$1,823,696
90$2,782,288$0$0$1,953,915
91$3,000,132$0$0$2,096,497
92$3,238,119$0$0$2,263,732
93$3,498,237$0$0$2,446,556
94$3,782,677$0$0$2,646,515
95$4,093,850$0$0$2,865,307
96$4,434,411$0$0$3,104,805
97$4,807,283$0$0$3,367,069
98$5,215,686$0$0$3,654,370
99$5,663,165$0$0$3,969,207
100$6,153,624$0$0$4,314,333