Can I retire at age 66 with 565,000?

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 $565,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%20%
1 years$46,657$46,242$45,836$45,440$45,054$43,249
2 years$23,098$22,667$22,251$21,846$21,454$19,659
3 years$15,245$14,813$14,398$13,997$13,611$11,882
4 years$11,320$10,889$10,478$10,084$9,708$8,057
5 years$8,966$8,537$8,131$7,746$7,380$5,812
6 years$7,396$6,971$6,571$6,194$5,839$4,355
7 years$6,276$5,855$5,461$5,093$4,749$3,349
8 years$5,436$5,018$4,631$4,272$3,940$2,621
9 years$4,783$4,370$3,989$3,639$3,318$2,079
10 years$4,261$3,852$3,477$3,137$2,827$1,666
11 years$3,834$3,429$3,062$2,730$2,431$1,345
12 years$3,479$3,077$2,717$2,394$2,107$1,093
13 years$3,178$2,781$2,427$2,114$1,837$892
14 years$2,921$2,528$2,181$1,877$1,611$731
15 years$2,698$2,309$1,969$1,674$1,418$600
16 years$2,503$2,119$1,785$1,498$1,253$495
17 years$2,331$1,951$1,625$1,346$1,111$408
18 years$2,179$1,803$1,483$1,213$988$338
19 years$2,043$1,671$1,358$1,096$881$279
20 years$1,920$1,553$1,246$993$787$232
21 years$1,810$1,446$1,146$901$704$192
22 years$1,709$1,350$1,056$819$631$160
23 years$1,618$1,263$975$746$566$133
24 years$1,534$1,183$902$681$509$110
25 years$1,457$1,110$835$622$458$92
26 years$1,386$1,044$775$568$413$76
27 years$1,320$982$719$520$372$63
28 years$1,259$925$669$477$336$53
29 years$1,203$873$622$437$303$44
30 years$1,150$824$580$401$274$37
31 years$1,101$779$541$368$248$30
32 years$1,055$737$504$339$224$25
33 years$1,012$698$471$311$203$21
34 years$971$662$440$286$184$18
35 years$933$628$411$264$166$15
36 years$897$596$385$243$151$12
37 years$863$566$360$224$137$10
38 years$831$538$337$206$124$8
39 years$801$511$316$190$112$7
40 years$772$487$296$175$102$6
41 years$745$463$278$162$92$5
42 years$719$441$261$149$84$4
43 years$695$420$244$138$76$3
44 years$671$401$229$127$69$3
45 years$649$382$215$118$63$2
46 years$628$364$202$109$57$2
47 years$607$348$190$100$52$2
48 years$588$332$179$93$47$1
49 years$569$317$168$86$43$1
50 years$552$303$158$79$39$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $565,000, adding $2,229 every year, while hoping to spend $35,788 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: 66/27/7 Blend
65$565,000$565,000$565,000$565,000
66$624,929$594,984$586,227$665,261
67$650,594$586,060$567,787$683,413
68$677,677$575,500$547,530$698,754
69$706,285$563,184$525,358$714,571
70$736,535$548,989$501,166$730,908
71$768,554$532,782$474,848$747,811
72$802,481$514,423$446,290$765,333
73$838,468$493,764$415,374$783,536
74$876,681$470,647$381,979$802,485
75$917,301$444,908$345,974$822,258
76$960,528$416,370$307,226$842,939
77$1,006,578$384,848$265,594$864,623
78$1,055,689$350,146$220,931$887,419
79$1,108,123$312,057$173,086$911,445
80$1,164,164$270,360$121,897$936,837
81$1,224,127$224,826$67,199$963,743
82$1,288,354$175,209$8,816$992,334
83$1,357,222$121,250$0$1,022,796
84$1,431,145$62,678$0$1,059,333
85$1,510,576$0$0$1,099,148
86$1,596,012$0$0$1,142,094
87$1,688,001$0$0$1,208,410
88$1,787,142$0$0$1,279,909
89$1,894,096$0$0$1,357,071
90$2,009,585$0$0$1,440,422
91$2,134,406$0$0$1,530,539
92$2,269,435$0$0$1,628,060
93$2,415,631$0$0$1,733,681
94$2,574,053$0$0$1,848,172
95$2,745,864$0$0$1,972,378
96$2,932,340$0$0$2,107,226
97$3,134,889$0$0$2,253,740
98$3,355,056$0$0$2,413,043
99$3,594,543$0$0$2,586,371
100$3,855,222$0$0$2,775,086