Can I retire at age 66 with 565,000?

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 $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%13.7%
1 years$46,657$46,242$45,836$45,440$45,054$44,362
2 years$23,098$22,667$22,251$21,846$21,454$20,759
3 years$15,245$14,813$14,398$13,997$13,611$12,934
4 years$11,320$10,889$10,478$10,084$9,708$9,054
5 years$8,966$8,537$8,131$7,746$7,380$6,751
6 years$7,396$6,971$6,571$6,194$5,839$5,237
7 years$6,276$5,855$5,461$5,093$4,749$4,173
8 years$5,436$5,018$4,631$4,272$3,940$3,389
9 years$4,783$4,370$3,989$3,639$3,318$2,793
10 years$4,261$3,852$3,477$3,137$2,827$2,328
11 years$3,834$3,429$3,062$2,730$2,431$1,957
12 years$3,479$3,077$2,717$2,394$2,107$1,657
13 years$3,178$2,781$2,427$2,114$1,837$1,411
14 years$2,921$2,528$2,181$1,877$1,611$1,207
15 years$2,698$2,309$1,969$1,674$1,418$1,037
16 years$2,503$2,119$1,785$1,498$1,253$894
17 years$2,331$1,951$1,625$1,346$1,111$772
18 years$2,179$1,803$1,483$1,213$988$669
19 years$2,043$1,671$1,358$1,096$881$581
20 years$1,920$1,553$1,246$993$787$505
21 years$1,810$1,446$1,146$901$704$440
22 years$1,709$1,350$1,056$819$631$383
23 years$1,618$1,263$975$746$566$335
24 years$1,534$1,183$902$681$509$292
25 years$1,457$1,110$835$622$458$256
26 years$1,386$1,044$775$568$413$224
27 years$1,320$982$719$520$372$196
28 years$1,259$925$669$477$336$172
29 years$1,203$873$622$437$303$150
30 years$1,150$824$580$401$274$132
31 years$1,101$779$541$368$248$116
32 years$1,055$737$504$339$224$102
33 years$1,012$698$471$311$203$89
34 years$971$662$440$286$184$78
35 years$933$628$411$264$166$69
36 years$897$596$385$243$151$60
37 years$863$566$360$224$137$53
38 years$831$538$337$206$124$47
39 years$801$511$316$190$112$41
40 years$772$487$296$175$102$36
41 years$745$463$278$162$92$32
42 years$719$441$261$149$84$28
43 years$695$420$244$138$76$24
44 years$671$401$229$127$69$21
45 years$649$382$215$118$63$19
46 years$628$364$202$109$57$17
47 years$607$348$190$100$52$15
48 years$588$332$179$93$47$13
49 years$569$317$168$86$43$11
50 years$552$303$158$79$39$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $565,000, adding $5,769 every year, while hoping to spend $22,027 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: 35/36/29 Blend
65$565,000$565,000$565,000$565,000
66$628,581$598,636$589,878$644,933
67$669,259$604,532$586,203$663,600
68$713,349$609,980$581,666$681,350
69$761,174$614,932$576,215$700,081
70$813,092$619,342$569,796$719,897
71$869,496$623,158$562,353$740,912
72$930,816$626,325$553,824$763,256
73$997,530$628,785$544,147$787,071
74$1,070,159$630,476$533,257$812,514
75$1,149,279$631,333$521,084$839,764
76$1,235,522$631,286$507,558$869,016
77$1,329,587$630,260$492,603$900,489
78$1,432,240$628,178$476,140$934,425
79$1,544,325$624,955$458,087$971,094
80$1,666,771$620,503$438,358$1,010,795
81$1,800,602$614,728$416,864$1,053,860
82$1,946,945$607,531$393,509$1,100,658
83$2,107,038$598,805$368,197$1,151,599
84$2,282,249$588,439$340,824$1,207,135
85$2,474,080$576,315$311,284$1,267,771
86$2,684,188$562,306$279,464$1,334,064
87$2,914,396$546,280$245,247$1,406,632
88$3,166,713$528,095$208,510$1,486,159
89$3,443,349$507,604$169,128$1,573,405
90$3,746,743$484,648$126,965$1,669,210
91$4,079,575$459,061$81,883$1,774,505
92$4,444,803$430,666$33,737$1,890,318
93$4,845,681$399,277$0$2,017,789
94$5,285,795$364,696$0$2,163,641
95$5,769,094$326,715$0$2,335,302
96$6,299,932$285,113$0$2,523,920
97$6,883,099$239,658$0$2,731,252
98$7,523,878$190,105$0$2,959,244
99$8,228,086$136,192$0$3,210,041
100$9,002,131$77,645$0$3,486,009