Can I retire at age 66 with 563,000?

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 $563,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.6%
1 years$46,492$46,078$45,674$45,279$44,894$44,407
2 years$23,016$22,587$22,172$21,769$21,378$20,888
3 years$15,191$14,761$14,347$13,948$13,563$13,084
4 years$11,280$10,851$10,441$10,048$9,673$9,210
5 years$8,934$8,507$8,102$7,718$7,354$6,907
6 years$7,370$6,947$6,548$6,172$5,819$5,390
7 years$6,254$5,834$5,441$5,075$4,732$4,321
8 years$5,417$5,001$4,615$4,257$3,926$3,532
9 years$4,766$4,354$3,975$3,626$3,306$2,930
10 years$4,246$3,838$3,465$3,126$2,817$2,458
11 years$3,821$3,417$3,051$2,720$2,423$2,081
12 years$3,466$3,067$2,707$2,386$2,099$1,774
13 years$3,167$2,771$2,419$2,106$1,831$1,522
14 years$2,910$2,519$2,173$1,870$1,605$1,311
15 years$2,688$2,301$1,962$1,668$1,413$1,135
16 years$2,494$2,111$1,779$1,493$1,249$986
17 years$2,323$1,944$1,619$1,342$1,107$858
18 years$2,171$1,797$1,478$1,209$985$749
19 years$2,036$1,665$1,353$1,092$878$656
20 years$1,913$1,547$1,242$989$784$575
21 years$1,803$1,441$1,142$898$701$505
22 years$1,703$1,345$1,053$816$629$444
23 years$1,612$1,258$972$744$564$391
24 years$1,528$1,179$899$678$507$344
25 years$1,452$1,106$832$619$456$304
26 years$1,381$1,040$772$566$411$268
27 years$1,315$979$717$518$371$237
28 years$1,255$922$666$475$335$209
29 years$1,198$870$620$436$302$185
30 years$1,146$822$578$400$273$164
31 years$1,097$777$539$367$247$145
32 years$1,051$735$503$337$223$128
33 years$1,008$696$469$310$202$114
34 years$968$660$438$285$183$101
35 years$930$626$410$263$166$89
36 years$894$594$383$242$150$79
37 years$860$564$359$223$136$70
38 years$829$536$336$206$123$62
39 years$798$510$315$190$112$55
40 years$770$485$295$175$101$49
41 years$743$462$277$161$92$43
42 years$717$440$260$149$84$39
43 years$692$419$244$137$76$34
44 years$669$399$229$127$69$30
45 years$647$381$215$117$62$27
46 years$625$363$202$108$57$24
47 years$605$347$189$100$51$21
48 years$586$331$178$92$47$19
49 years$567$316$167$85$42$17
50 years$550$302$157$79$39$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $563,000, adding $4,808 every year, while hoping to spend $20,857 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: 45/28/27 Blend
65$563,000$563,000$563,000$563,000
66$625,385$595,546$586,820$648,461
67$666,983$602,537$584,287$672,300
68$712,125$609,170$580,970$695,757
69$761,150$615,408$576,820$720,792
70$814,431$621,207$571,788$747,564
71$872,380$626,523$565,820$776,250
72$935,449$631,309$558,861$807,044
73$1,004,135$635,513$550,853$840,161
74$1,078,984$639,080$541,734$875,840
75$1,160,599$641,954$531,441$914,345
76$1,249,644$644,073$519,907$955,967
77$1,346,846$645,372$507,063$1,001,031
78$1,453,010$645,781$492,836$1,049,893
79$1,569,020$645,227$477,148$1,102,950
80$1,695,848$643,631$459,921$1,160,638
81$1,834,567$640,911$441,071$1,223,441
82$1,986,356$636,979$420,510$1,291,895
83$2,152,514$631,741$398,147$1,366,591
84$2,334,473$625,098$373,886$1,448,182
85$2,533,806$616,946$347,629$1,537,391
86$2,752,250$607,172$319,270$1,635,017
87$2,991,716$595,659$288,702$1,741,943
88$3,254,306$582,282$255,809$1,859,143
89$3,542,341$566,909$220,474$1,987,696
90$3,858,371$549,399$182,572$2,128,791
91$4,205,211$529,605$141,973$2,283,744
92$4,585,956$507,370$98,543$2,454,007
93$5,004,020$482,527$52,141$2,641,184
94$5,463,160$454,901$2,618$2,847,046
95$5,967,518$424,307$0$3,073,549
96$6,521,655$390,548$0$3,337,324
97$7,130,595$353,416$0$3,628,029
98$7,799,874$312,692$0$3,947,591
99$8,535,592$268,144$0$4,298,964
100$9,344,467$219,528$0$4,685,409