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%13.1%
1 years$46,740$46,323$45,917$45,521$45,134$44,551
2 years$23,138$22,708$22,290$21,885$21,492$20,906
3 years$15,272$14,840$14,423$14,022$13,636$13,064
4 years$11,340$10,909$10,496$10,102$9,725$9,173
5 years$8,981$8,553$8,146$7,759$7,393$6,861
6 years$7,409$6,984$6,583$6,205$5,850$5,339
7 years$6,287$5,865$5,470$5,102$4,757$4,269
8 years$5,446$5,027$4,639$4,280$3,947$3,479
9 years$4,792$4,377$3,996$3,645$3,324$2,878
10 years$4,269$3,858$3,484$3,142$2,832$2,407
11 years$3,841$3,435$3,067$2,735$2,436$2,031
12 years$3,485$3,083$2,722$2,399$2,111$1,726
13 years$3,184$2,786$2,432$2,118$1,840$1,476
14 years$2,926$2,532$2,185$1,880$1,613$1,268
15 years$2,703$2,313$1,973$1,677$1,421$1,093
16 years$2,508$2,123$1,789$1,501$1,255$946
17 years$2,336$1,955$1,628$1,349$1,113$821
18 years$2,183$1,806$1,486$1,215$990$714
19 years$2,046$1,674$1,360$1,098$882$623
20 years$1,924$1,556$1,248$995$788$544
21 years$1,813$1,449$1,148$903$705$476
22 years$1,712$1,353$1,058$821$632$417
23 years$1,620$1,265$977$748$567$365
24 years$1,536$1,185$904$682$510$321
25 years$1,459$1,112$837$623$459$282
26 years$1,388$1,045$776$569$413$248
27 years$1,322$984$721$521$373$218
28 years$1,261$927$670$477$336$192
29 years$1,205$875$624$438$304$169
30 years$1,152$826$581$402$274$149
31 years$1,103$781$541$369$248$131
32 years$1,057$739$505$339$224$116
33 years$1,014$700$472$312$203$102
34 years$973$663$441$287$184$90
35 years$935$629$412$264$167$80
36 years$899$597$385$243$151$70
37 years$865$567$361$224$137$62
38 years$833$539$338$207$124$55
39 years$803$512$317$191$112$48
40 years$774$487$297$176$102$43
41 years$747$464$278$162$93$38
42 years$721$442$261$150$84$33
43 years$696$421$245$138$76$29
44 years$672$401$230$128$69$26
45 years$650$383$216$118$63$23
46 years$629$365$203$109$57$20
47 years$608$348$190$101$52$18
48 years$589$333$179$93$47$16
49 years$570$318$168$86$43$14
50 years$553$303$158$79$39$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $566,000, adding $2,202 every year, while hoping to spend $42,787 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: 60/24/16 Blend
65$566,000$566,000$566,000$566,000
66$626,003$596,005$587,232$660,891
67$644,331$579,685$561,380$668,368
68$663,093$561,130$533,227$671,560
69$682,291$540,187$502,652$674,040
70$701,920$516,692$469,526$675,746
71$721,978$490,472$433,717$676,609
72$742,458$461,344$395,086$676,556
73$763,353$429,114$353,485$675,510
74$784,652$393,577$308,763$673,386
75$806,341$354,517$260,762$670,095
76$828,405$311,706$209,314$665,542
77$850,824$264,901$154,248$659,624
78$873,574$213,846$95,381$652,232
79$896,627$158,274$32,525$643,248
80$919,951$97,897$0$632,546
81$943,508$32,416$0$625,891
82$967,254$0$0$623,549
83$991,138$0$0$630,007
84$1,015,104$0$0$645,055
85$1,039,084$0$0$660,087
86$1,063,004$0$0$675,054
87$1,086,779$0$0$689,898
88$1,110,312$0$0$704,555
89$1,133,496$0$0$718,952
90$1,156,207$0$0$733,007
91$1,178,307$0$0$746,629
92$1,199,644$0$0$759,714
93$1,220,042$0$0$772,146
94$1,239,310$0$0$783,798
95$1,257,230$0$0$794,524
96$1,273,560$0$0$804,164
97$1,288,031$0$0$812,538
98$1,300,342$0$0$819,446
99$1,310,158$0$0$824,665
100$1,317,106$0$0$827,949