Can I retire at age 66 with 561,000?

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 $561,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.6%
1 years$46,327$45,914$45,512$45,119$44,735$43,182
2 years$22,934$22,507$22,093$21,692$21,302$19,754
3 years$15,138$14,709$14,296$13,898$13,515$12,020
4 years$11,240$10,812$10,404$10,013$9,639$8,208
5 years$8,902$8,477$8,074$7,691$7,327$5,965
6 years$7,344$6,922$6,525$6,150$5,798$4,505
7 years$6,232$5,813$5,422$5,057$4,715$3,491
8 years$5,398$4,983$4,598$4,242$3,912$2,756
9 years$4,749$4,339$3,961$3,613$3,294$2,205
10 years$4,231$3,824$3,453$3,115$2,807$1,782
11 years$3,807$3,404$3,040$2,711$2,414$1,452
12 years$3,454$3,056$2,698$2,378$2,092$1,191
13 years$3,156$2,761$2,410$2,099$1,824$981
14 years$2,900$2,510$2,166$1,863$1,599$812
15 years$2,679$2,293$1,955$1,662$1,408$674
16 years$2,485$2,104$1,773$1,488$1,244$561
17 years$2,315$1,938$1,613$1,337$1,103$468
18 years$2,164$1,790$1,473$1,205$981$391
19 years$2,028$1,659$1,348$1,089$874$327
20 years$1,907$1,542$1,237$986$781$274
21 years$1,797$1,436$1,138$895$699$230
22 years$1,697$1,341$1,049$814$627$193
23 years$1,606$1,254$968$741$562$162
24 years$1,523$1,175$896$676$505$136
25 years$1,446$1,102$830$617$455$115
26 years$1,376$1,036$769$564$410$96
27 years$1,311$975$714$517$369$81
28 years$1,250$919$664$473$333$68
29 years$1,194$867$618$434$301$57
30 years$1,142$819$576$398$272$48
31 years$1,093$774$537$366$246$41
32 years$1,047$732$501$336$222$34
33 years$1,005$693$468$309$201$29
34 years$964$657$437$284$182$24
35 years$927$623$408$262$165$21
36 years$891$592$382$241$150$17
37 years$857$562$358$222$136$15
38 years$826$534$335$205$123$12
39 years$795$508$314$189$111$10
40 years$767$483$294$174$101$9
41 years$740$460$276$161$92$7
42 years$714$438$259$148$83$6
43 years$690$417$243$137$76$5
44 years$667$398$228$126$69$4
45 years$644$379$214$117$62$4
46 years$623$362$201$108$56$3
47 years$603$345$189$100$51$3
48 years$584$330$177$92$47$2
49 years$565$315$167$85$42$2
50 years$548$301$157$79$38$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $561,000, adding $6,566 every year, while hoping to spend $33,284 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: 73/5/22 Blend
65$561,000$561,000$561,000$561,000
66$624,995$595,262$586,566$666,802
67$653,330$589,016$570,802$689,240
68$683,441$581,348$553,395$709,196
69$715,471$572,154$534,253$730,227
70$749,582$561,322$513,284$752,432
71$785,949$548,736$490,387$775,924
72$824,761$534,270$465,461$800,827
73$866,230$517,792$438,397$827,279
74$910,585$499,163$409,083$855,432
75$958,078$478,236$377,401$885,453
76$1,008,985$454,853$343,227$917,530
77$1,063,611$428,850$306,434$951,869
78$1,122,287$400,051$266,888$988,698
79$1,185,379$368,272$224,447$1,028,269
80$1,253,288$333,318$178,966$1,070,861
81$1,326,454$294,981$130,292$1,116,783
82$1,405,361$253,044$78,266$1,166,377
83$1,490,540$207,275$22,720$1,220,019
84$1,582,575$157,432$0$1,278,129
85$1,682,107$103,256$0$1,349,748
86$1,789,843$44,476$0$1,433,055
87$1,906,556$0$0$1,523,319
88$2,033,101$0$0$1,622,266
89$2,170,412$0$0$1,732,310
90$2,319,523$0$0$1,851,832
91$2,481,567$0$0$1,981,744
92$2,657,790$0$0$2,123,050
93$2,849,566$0$0$2,276,852
94$3,058,405$0$0$2,444,366
95$3,285,968$0$0$2,626,928
96$3,534,084$0$0$2,826,007
97$3,804,766$0$0$3,043,224
98$4,100,229$0$0$3,280,359
99$4,422,912$0$0$3,539,373
100$4,775,498$0$0$3,822,427