Can I retire at age 66 with 566,000?

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 $566,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.9%
1 years$46,740$46,323$45,917$45,521$45,134$44,043
2 years$23,138$22,708$22,290$21,885$21,492$20,400
3 years$15,272$14,840$14,423$14,022$13,636$12,575
4 years$11,340$10,909$10,496$10,102$9,725$8,706
5 years$8,981$8,553$8,146$7,759$7,393$6,417
6 years$7,409$6,984$6,583$6,205$5,850$4,918
7 years$6,287$5,865$5,470$5,102$4,757$3,871
8 years$5,446$5,027$4,639$4,280$3,947$3,104
9 years$4,792$4,377$3,996$3,645$3,324$2,525
10 years$4,269$3,858$3,484$3,142$2,832$2,076
11 years$3,841$3,435$3,067$2,735$2,436$1,721
12 years$3,485$3,083$2,722$2,399$2,111$1,436
13 years$3,184$2,786$2,432$2,118$1,840$1,205
14 years$2,926$2,532$2,185$1,880$1,613$1,016
15 years$2,703$2,313$1,973$1,677$1,421$860
16 years$2,508$2,123$1,789$1,501$1,255$729
17 years$2,336$1,955$1,628$1,349$1,113$620
18 years$2,183$1,806$1,486$1,215$990$529
19 years$2,046$1,674$1,360$1,098$882$452
20 years$1,924$1,556$1,248$995$788$386
21 years$1,813$1,449$1,148$903$705$331
22 years$1,712$1,353$1,058$821$632$284
23 years$1,620$1,265$977$748$567$243
24 years$1,536$1,185$904$682$510$209
25 years$1,459$1,112$837$623$459$180
26 years$1,388$1,045$776$569$413$154
27 years$1,322$984$721$521$373$133
28 years$1,261$927$670$477$336$114
29 years$1,205$875$624$438$304$98
30 years$1,152$826$581$402$274$85
31 years$1,103$781$541$369$248$73
32 years$1,057$739$505$339$224$63
33 years$1,014$700$472$312$203$54
34 years$973$663$441$287$184$47
35 years$935$629$412$264$167$40
36 years$899$597$385$243$151$35
37 years$865$567$361$224$137$30
38 years$833$539$338$207$124$26
39 years$803$512$317$191$112$22
40 years$774$487$297$176$102$19
41 years$747$464$278$162$93$17
42 years$721$442$261$150$84$14
43 years$696$421$245$138$76$12
44 years$672$401$230$128$69$11
45 years$650$383$216$118$63$9
46 years$629$365$203$109$57$8
47 years$608$348$190$101$52$7
48 years$589$333$179$93$47$6
49 years$570$318$168$86$43$5
50 years$553$303$158$79$39$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $566,000, adding $4,916 every year, while hoping to spend $37,802 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: 51/32/17 Blend
65$566,000$566,000$566,000$566,000
66$628,803$598,805$590,032$657,700
67$652,720$587,925$569,577$667,220
68$677,809$575,246$547,170$673,221
69$704,151$560,638$522,705$678,919
70$731,831$543,966$496,073$684,300
71$760,945$525,087$467,158$689,347
72$791,593$503,849$435,840$694,045
73$823,889$480,090$401,993$698,382
74$857,952$453,641$365,487$702,346
75$893,916$424,322$326,183$705,927
76$931,924$391,943$283,939$709,116
77$972,134$356,302$238,605$711,909
78$1,014,718$317,187$190,025$714,304
79$1,059,863$274,373$138,035$716,301
80$1,107,775$227,623$82,465$717,907
81$1,158,678$176,687$23,137$719,133
82$1,212,818$121,299$0$719,995
83$1,270,462$61,179$0$727,803
84$1,331,904$0$0$740,254
85$1,397,468$0$0$754,619
86$1,467,504$0$0$793,011
87$1,542,400$0$0$834,104
88$1,622,580$0$0$878,135
89$1,708,509$0$0$925,364
90$1,800,695$0$0$976,077
91$1,899,699$0$0$1,030,586
92$2,006,134$0$0$1,089,237
93$2,120,674$0$0$1,152,406
94$2,244,060$0$0$1,220,508
95$2,377,105$0$0$1,294,000
96$2,520,700$0$0$1,373,381
97$2,675,828$0$0$1,459,202
98$2,843,566$0$0$1,552,067
99$3,025,100$0$0$1,652,642
100$3,221,733$0$0$1,761,656