Can I retire at age 66 with 573,000?

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 $573,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.2%
1 years$47,318$46,896$46,485$46,084$45,692$45,083
2 years$23,425$22,988$22,566$22,156$21,758$21,146
3 years$15,461$15,023$14,601$14,195$13,804$13,208
4 years$11,480$11,044$10,626$10,227$9,845$9,269
5 years$9,093$8,658$8,246$7,855$7,484$6,929
6 years$7,501$7,070$6,664$6,282$5,922$5,390
7 years$6,365$5,938$5,538$5,165$4,816$4,306
8 years$5,513$5,090$4,697$4,333$3,995$3,508
9 years$4,851$4,431$4,045$3,690$3,365$2,900
10 years$4,321$3,906$3,527$3,181$2,867$2,424
11 years$3,888$3,477$3,105$2,769$2,466$2,044
12 years$3,528$3,121$2,755$2,428$2,137$1,736
13 years$3,223$2,821$2,462$2,144$1,863$1,483
14 years$2,962$2,564$2,212$1,903$1,633$1,273
15 years$2,736$2,342$1,997$1,697$1,438$1,097
16 years$2,539$2,149$1,811$1,520$1,271$949
17 years$2,364$1,979$1,648$1,365$1,127$823
18 years$2,210$1,829$1,504$1,231$1,002$716
19 years$2,072$1,695$1,377$1,112$893$623
20 years$1,947$1,575$1,264$1,007$798$544
21 years$1,835$1,467$1,162$914$714$476
22 years$1,733$1,369$1,071$831$640$416
23 years$1,640$1,281$989$757$574$365
24 years$1,555$1,200$915$690$516$320
25 years$1,477$1,126$847$630$465$281
26 years$1,405$1,058$786$576$418$247
27 years$1,339$996$730$528$377$217
28 years$1,277$939$678$483$340$191
29 years$1,220$885$631$443$307$168
30 years$1,166$836$588$407$278$148
31 years$1,117$790$548$374$251$130
32 years$1,070$748$511$343$227$115
33 years$1,026$708$478$316$206$101
34 years$985$671$446$291$186$89
35 years$946$637$417$267$169$79
36 years$910$604$390$246$153$69
37 years$876$574$365$227$138$61
38 years$843$545$342$209$126$54
39 years$813$519$320$193$114$48
40 years$783$494$300$178$103$42
41 years$756$470$282$164$94$37
42 years$730$447$264$151$85$33
43 years$705$426$248$140$77$29
44 years$681$406$233$129$70$26
45 years$658$387$219$119$64$23
46 years$637$370$205$110$58$20
47 years$616$353$193$102$52$18
48 years$596$337$181$94$48$16
49 years$577$322$170$87$43$14
50 years$559$307$160$80$39$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $573,000, adding $6,485 every year, while hoping to spend $23,190 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: 62/19/19 Blend
65$573,000$573,000$573,000$573,000
66$638,135$607,766$598,885$674,206
67$678,551$612,873$594,273$704,407
68$722,312$617,452$588,730$734,191
69$769,735$621,455$582,200$766,171
70$821,168$624,826$574,624$800,562
71$876,994$627,510$565,941$837,602
72$937,635$629,445$556,087$877,554
73$1,003,553$630,567$544,995$920,710
74$1,075,259$630,808$532,596$967,389
75$1,153,313$630,096$518,816$1,017,947
76$1,238,333$628,352$503,578$1,072,775
77$1,330,997$625,495$486,802$1,132,304
78$1,432,053$621,439$468,404$1,197,012
79$1,542,324$616,091$448,297$1,267,425
80$1,662,714$609,352$426,388$1,344,124
81$1,794,221$601,121$402,582$1,427,752
82$1,937,942$591,286$376,779$1,519,015
83$2,095,085$579,732$348,874$1,618,697
84$2,266,980$566,335$318,757$1,727,659
85$2,455,091$550,965$286,315$1,846,854
86$2,661,031$533,483$251,428$1,977,333
87$2,886,576$513,744$213,971$2,120,256
88$3,133,682$491,592$173,813$2,276,901
89$3,404,501$466,864$130,820$2,448,683
90$3,701,407$439,387$84,849$2,637,158
91$4,027,010$408,977$35,751$2,844,047
92$4,384,189$375,441$0$3,071,246
93$4,776,113$338,574$0$3,324,222
94$5,206,272$298,159$0$3,609,864
95$5,678,512$253,969$0$3,923,499
96$6,197,068$205,761$0$4,267,971
97$6,766,606$153,281$0$4,646,418
98$7,392,266$96,258$0$5,062,298
99$8,079,711$34,408$0$5,519,421
100$8,835,178$0$0$6,021,991