Can I retire at age 66 with 568,000?

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 $568,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14%
1 years$46,905$46,487$46,079$45,682$45,293$44,543
2 years$23,220$22,788$22,369$21,962$21,568$20,814
3 years$15,326$14,892$14,474$14,071$13,684$12,950
4 years$11,380$10,947$10,533$10,138$9,759$9,051
5 years$9,013$8,583$8,174$7,787$7,419$6,739
6 years$7,436$7,008$6,606$6,227$5,870$5,219
7 years$6,309$5,886$5,490$5,120$4,774$4,151
8 years$5,465$5,045$4,656$4,295$3,961$3,366
9 years$4,808$4,393$4,010$3,658$3,335$2,769
10 years$4,284$3,872$3,496$3,153$2,842$2,303
11 years$3,855$3,447$3,078$2,744$2,444$1,933
12 years$3,497$3,094$2,731$2,407$2,118$1,633
13 years$3,195$2,796$2,440$2,125$1,847$1,388
14 years$2,936$2,541$2,193$1,887$1,619$1,185
15 years$2,712$2,322$1,980$1,682$1,426$1,016
16 years$2,516$2,130$1,795$1,506$1,260$874
17 years$2,344$1,962$1,633$1,354$1,117$753
18 years$2,191$1,813$1,491$1,220$993$651
19 years$2,054$1,680$1,365$1,102$885$564
20 years$1,930$1,561$1,253$998$791$489
21 years$1,819$1,454$1,152$906$708$425
22 years$1,718$1,357$1,062$824$634$370
23 years$1,626$1,270$981$750$569$322
24 years$1,542$1,189$907$684$512$281
25 years$1,464$1,116$840$625$461$245
26 years$1,393$1,049$779$571$415$214
27 years$1,327$987$723$523$374$187
28 years$1,266$930$672$479$337$163
29 years$1,209$878$626$439$305$143
30 years$1,156$829$583$403$275$125
31 years$1,107$784$543$370$249$109
32 years$1,061$741$507$340$225$96
33 years$1,017$702$473$313$204$84
34 years$976$665$442$288$185$73
35 years$938$631$414$265$167$64
36 years$902$599$387$244$151$56
37 years$868$569$362$225$137$49
38 years$836$541$339$207$124$43
39 years$805$514$318$191$113$38
40 years$777$489$298$176$102$33
41 years$749$466$279$163$93$29
42 years$723$443$262$150$84$26
43 years$698$423$246$139$76$22
44 years$675$403$231$128$69$20
45 years$652$384$217$118$63$17
46 years$631$366$203$109$57$15
47 years$611$350$191$101$52$13
48 years$591$334$180$93$47$12
49 years$572$319$169$86$43$10
50 years$555$304$159$80$39$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $568,000, adding $2,393 every year, while hoping to spend $43,248 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: 38/44/18 Blend
65$568,000$568,000$568,000$568,000
66$628,404$598,300$589,496$648,802
67$646,486$581,602$563,229$646,997
68$664,963$562,635$534,632$640,756
69$683,829$541,244$503,582$633,107
70$703,077$517,262$469,950$623,944
71$722,697$490,515$433,600$613,158
72$742,678$460,816$394,391$600,632
73$763,005$427,969$352,176$586,242
74$783,658$391,767$306,802$569,857
75$804,618$351,990$258,106$551,335
76$825,857$308,406$205,921$530,528
77$847,347$260,770$150,072$507,278
78$869,053$208,824$90,375$481,416
79$890,933$152,294$26,640$452,765
80$912,942$90,890$0$421,135
81$935,027$24,308$0$394,270
82$957,127$0$0$369,987
83$979,173$0$0$366,108
84$1,001,087$0$0$373,901
85$1,022,781$0$0$381,558
86$1,044,154$0$0$389,036
87$1,065,094$0$0$396,286
88$1,085,474$0$0$403,254
89$1,105,154$0$0$409,879
90$1,123,973$0$0$416,092
91$1,141,753$0$0$421,819
92$1,158,296$0$0$426,973
93$1,173,379$0$0$431,459
94$1,186,753$0$0$435,173
95$1,198,144$0$0$437,997
96$1,207,241$0$0$439,799
97$1,213,704$0$0$440,434
98$1,217,150$0$0$439,741
99$1,217,157$0$0$437,540
100$1,213,255$0$0$433,633