Can I retire at age 66 with 564,000?

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 $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%13.9%
1 years$46,575$46,160$45,755$45,360$44,974$44,247
2 years$23,057$22,627$22,211$21,808$21,416$20,686
3 years$15,218$14,787$14,372$13,972$13,587$12,876
4 years$11,300$10,870$10,459$10,066$9,691$9,004
5 years$8,950$8,522$8,117$7,732$7,367$6,707
6 years$7,383$6,959$6,560$6,183$5,829$5,197
7 years$6,265$5,844$5,451$5,084$4,741$4,136
8 years$5,426$5,010$4,623$4,265$3,933$3,356
9 years$4,775$4,362$3,982$3,632$3,312$2,763
10 years$4,253$3,845$3,471$3,131$2,822$2,299
11 years$3,827$3,423$3,056$2,725$2,427$1,931
12 years$3,473$3,072$2,712$2,390$2,103$1,633
13 years$3,173$2,776$2,423$2,110$1,834$1,388
14 years$2,916$2,524$2,177$1,873$1,608$1,186
15 years$2,693$2,305$1,966$1,671$1,416$1,018
16 years$2,499$2,115$1,782$1,496$1,251$876
17 years$2,327$1,948$1,622$1,344$1,109$756
18 years$2,175$1,800$1,480$1,211$986$654
19 years$2,039$1,668$1,355$1,094$879$567
20 years$1,917$1,550$1,244$991$785$492
21 years$1,806$1,444$1,144$900$703$428
22 years$1,706$1,348$1,054$818$630$372
23 years$1,615$1,261$974$745$565$324
24 years$1,531$1,181$900$679$508$283
25 years$1,454$1,108$834$620$457$247
26 years$1,383$1,042$773$567$412$216
27 years$1,318$980$718$519$371$189
28 years$1,257$924$668$476$335$165
29 years$1,201$871$621$436$303$144
30 years$1,148$823$579$400$273$126
31 years$1,099$778$540$368$247$111
32 years$1,053$736$503$338$224$97
33 years$1,010$697$470$311$202$85
34 years$970$661$439$286$183$75
35 years$932$627$411$263$166$65
36 years$896$595$384$242$150$57
37 years$862$565$360$223$136$50
38 years$830$537$337$206$124$44
39 years$800$511$315$190$112$39
40 years$771$486$296$175$102$34
41 years$744$462$277$162$92$30
42 years$718$440$260$149$84$26
43 years$693$420$244$138$76$23
44 years$670$400$229$127$69$20
45 years$648$381$215$117$63$18
46 years$627$364$202$108$57$15
47 years$606$347$190$100$52$14
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 $5,088 every year, while hoping to spend $22,412 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: 45/41/14 Blend
65$564,000$564,000$564,000$564,000
66$626,776$596,884$588,142$652,260
67$666,861$602,285$583,999$675,918
68$710,284$607,200$578,965$698,889
69$757,361$611,581$572,989$723,309
70$808,440$615,377$566,012$749,319
71$863,905$618,534$557,978$777,078
72$924,177$620,996$548,824$806,761
73$989,720$622,702$538,486$838,564
74$1,061,043$623,586$526,898$872,700
75$1,138,708$623,581$513,987$909,410
76$1,223,332$622,612$499,682$948,957
77$1,315,595$620,603$483,904$991,633
78$1,416,245$617,471$466,573$1,037,763
79$1,526,104$613,129$447,606$1,087,705
80$1,646,079$607,485$426,913$1,141,856
81$1,777,167$600,440$404,403$1,200,655
82$1,920,466$591,890$379,979$1,264,588
83$2,077,186$581,725$353,540$1,334,193
84$2,248,658$569,828$324,982$1,410,064
85$2,436,347$556,076$294,195$1,492,860
86$2,641,868$540,336$261,064$1,583,307
87$2,866,997$522,472$225,469$1,682,211
88$3,113,693$502,336$187,285$1,790,461
89$3,384,112$479,772$146,380$1,909,040
90$3,680,627$454,616$102,620$2,039,036
91$4,005,853$426,695$55,860$2,181,650
92$4,362,672$395,825$5,953$2,338,210
93$4,754,255$361,811$0$2,510,183
94$5,184,097$324,447$0$2,706,258
95$5,656,047$283,518$0$2,922,566
96$6,174,347$238,793$0$3,160,223
97$6,743,666$190,030$0$3,421,439
98$7,369,152$136,973$0$3,708,657
99$8,056,472$79,351$0$4,024,571
100$8,811,873$16,880$0$4,372,156