Can I retire at age 66 with 564,000?

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 $564,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14%
1 years$46,575$46,160$45,755$45,360$44,974$44,229
2 years$23,057$22,627$22,211$21,808$21,416$20,668
3 years$15,218$14,787$14,372$13,972$13,587$12,859
4 years$11,300$10,870$10,459$10,066$9,691$8,988
5 years$8,950$8,522$8,117$7,732$7,367$6,691
6 years$7,383$6,959$6,560$6,183$5,829$5,182
7 years$6,265$5,844$5,451$5,084$4,741$4,122
8 years$5,426$5,010$4,623$4,265$3,933$3,342
9 years$4,775$4,362$3,982$3,632$3,312$2,750
10 years$4,253$3,845$3,471$3,131$2,822$2,287
11 years$3,827$3,423$3,056$2,725$2,427$1,919
12 years$3,473$3,072$2,712$2,390$2,103$1,622
13 years$3,173$2,776$2,423$2,110$1,834$1,378
14 years$2,916$2,524$2,177$1,873$1,608$1,177
15 years$2,693$2,305$1,966$1,671$1,416$1,009
16 years$2,499$2,115$1,782$1,496$1,251$868
17 years$2,327$1,948$1,622$1,344$1,109$748
18 years$2,175$1,800$1,480$1,211$986$647
19 years$2,039$1,668$1,355$1,094$879$560
20 years$1,917$1,550$1,244$991$785$486
21 years$1,806$1,444$1,144$900$703$422
22 years$1,706$1,348$1,054$818$630$367
23 years$1,615$1,261$974$745$565$320
24 years$1,531$1,181$900$679$508$279
25 years$1,454$1,108$834$620$457$243
26 years$1,383$1,042$773$567$412$212
27 years$1,318$980$718$519$371$185
28 years$1,257$924$668$476$335$162
29 years$1,201$871$621$436$303$142
30 years$1,148$823$579$400$273$124
31 years$1,099$778$540$368$247$108
32 years$1,053$736$503$338$224$95
33 years$1,010$697$470$311$202$83
34 years$970$661$439$286$183$73
35 years$932$627$411$263$166$64
36 years$896$595$384$242$150$56
37 years$862$565$360$223$136$49
38 years$830$537$337$206$124$43
39 years$800$511$315$190$112$38
40 years$771$486$296$175$102$33
41 years$744$462$277$162$92$29
42 years$718$440$260$149$84$25
43 years$693$420$244$138$76$22
44 years$670$400$229$127$69$19
45 years$648$381$215$117$63$17
46 years$627$364$202$108$57$15
47 years$606$347$190$100$52$13
48 years$587$331$178$93$47$12
49 years$568$317$168$86$43$10
50 years$551$302$158$79$39$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $564,000, adding $3,945 every year, while hoping to spend $26,029 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: 59/35/6 Blend
65$564,000$564,000$564,000$564,000
66$625,597$595,705$586,963$661,539
67$661,714$597,200$578,932$687,592
68$700,641$597,896$569,759$712,658
69$742,640$597,726$559,379$739,330
70$787,994$596,619$547,723$767,763
71$837,017$594,501$534,719$798,128
72$890,052$591,292$520,292$830,616
73$947,479$586,906$504,363$865,437
74$1,009,712$581,255$486,850$902,822
75$1,077,209$574,243$467,666$943,029
76$1,150,473$565,769$446,721$986,342
77$1,230,056$555,727$423,921$1,033,076
78$1,316,567$544,003$399,168$1,083,579
79$1,410,676$530,477$372,358$1,138,236
80$1,513,117$515,024$343,385$1,197,471
81$1,624,702$497,507$312,136$1,261,756
82$1,746,322$477,785$278,493$1,331,611
83$1,878,958$455,708$242,334$1,407,611
84$2,023,691$431,116$203,530$1,490,391
85$2,181,707$403,841$161,949$1,580,655
86$2,354,317$373,705$117,450$1,679,180
87$2,542,961$340,520$69,887$1,786,824
88$2,749,224$304,086$19,110$1,904,535
89$2,974,853$264,194$0$2,033,363
90$3,221,769$220,621$0$2,176,711
91$3,492,091$173,133$0$2,335,064
92$3,788,150$121,482$0$2,508,623
93$4,112,512$65,405$0$2,698,961
94$4,468,005$4,627$0$2,907,815
95$4,857,743$0$0$3,137,102
96$5,285,155$0$0$3,412,487
97$5,754,019$0$0$3,716,583
98$6,268,495$0$0$4,050,311
99$6,833,166$0$0$4,416,651
100$7,453,079$0$0$4,818,883