Can I retire at age 66 with 570,000?

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 $570,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.1%
1 years$47,070$46,651$46,242$45,842$45,453$44,499
2 years$23,302$22,868$22,447$22,040$21,644$20,687
3 years$15,380$14,945$14,525$14,121$13,732$12,802
4 years$11,420$10,986$10,570$10,173$9,794$8,899
5 years$9,045$8,613$8,203$7,814$7,445$6,587
6 years$7,462$7,033$6,629$6,249$5,891$5,071
7 years$6,331$5,906$5,509$5,138$4,791$4,009
8 years$5,484$5,063$4,672$4,310$3,975$3,230
9 years$4,825$4,408$4,024$3,671$3,347$2,640
10 years$4,299$3,886$3,508$3,164$2,852$2,181
11 years$3,868$3,459$3,089$2,754$2,453$1,817
12 years$3,510$3,105$2,741$2,416$2,126$1,525
13 years$3,206$2,806$2,449$2,133$1,853$1,287
14 years$2,947$2,550$2,200$1,893$1,625$1,090
15 years$2,722$2,330$1,987$1,688$1,431$928
16 years$2,525$2,138$1,801$1,512$1,264$792
17 years$2,352$1,969$1,639$1,358$1,121$677
18 years$2,198$1,819$1,496$1,224$997$581
19 years$2,061$1,686$1,370$1,106$888$499
20 years$1,937$1,567$1,257$1,002$794$429
21 years$1,826$1,459$1,156$909$710$370
22 years$1,724$1,362$1,066$827$637$319
23 years$1,632$1,274$984$753$571$275
24 years$1,547$1,194$910$687$514$238
25 years$1,470$1,120$843$627$462$206
26 years$1,398$1,053$782$573$416$178
27 years$1,332$991$726$525$375$154
28 years$1,270$934$675$481$339$134
29 years$1,213$881$628$441$306$116
30 years$1,160$832$585$405$276$100
31 years$1,111$786$545$372$250$87
32 years$1,064$744$509$342$226$75
33 years$1,021$705$475$314$205$65
34 years$980$668$444$289$185$57
35 years$942$633$415$266$168$49
36 years$905$601$388$245$152$43
37 years$871$571$363$226$138$37
38 years$839$543$340$208$125$32
39 years$808$516$319$192$113$28
40 years$779$491$299$177$103$24
41 years$752$467$280$163$93$21
42 years$726$445$263$151$85$18
43 years$701$424$247$139$77$16
44 years$677$404$231$128$70$14
45 years$655$385$217$119$63$12
46 years$633$368$204$110$57$10
47 years$613$351$192$101$52$9
48 years$593$335$180$94$47$8
49 years$574$320$169$86$43$7
50 years$557$306$159$80$39$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $570,000, adding $6,062 every year, while hoping to spend $43,952 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: 74/8/18 Blend
65$570,000$570,000$570,000$570,000
66$634,393$604,183$595,348$678,256
67$652,336$587,023$568,528$690,989
68$670,637$567,550$539,336$698,973
69$689,285$545,603$507,646$706,573
70$708,267$521,013$473,328$713,739
71$727,570$493,601$436,243$720,418
72$747,173$463,179$396,248$726,554
73$767,055$429,545$353,194$732,082
74$787,192$392,490$306,922$736,937
75$807,551$351,788$257,270$741,044
76$828,100$307,204$204,067$744,324
77$848,797$258,488$147,135$746,689
78$869,597$205,376$86,286$748,045
79$890,446$147,590$21,327$748,290
80$911,285$84,835$0$747,313
81$932,044$16,800$0$754,211
82$952,647$0$0$764,603
83$973,006$0$0$779,293
84$993,021$0$0$795,169
85$1,012,583$0$0$810,661
86$1,031,566$0$0$825,666
87$1,049,829$0$0$840,069
88$1,067,216$0$0$853,743
89$1,083,551$0$0$866,542
90$1,098,638$0$0$878,307
91$1,112,257$0$0$888,859
92$1,124,165$0$0$897,997
93$1,134,089$0$0$905,500
94$1,141,725$0$0$911,118
95$1,146,737$0$0$914,578
96$1,148,750$0$0$915,572
97$1,147,348$0$0$913,760
98$1,142,067$0$0$908,764
99$1,132,394$0$0$900,165
100$1,117,761$0$0$887,499