Can I retire at age 66 with 574,000?

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 $574,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.8%
1 years$47,400$46,978$46,566$46,164$45,772$45,237
2 years$23,466$23,029$22,605$22,194$21,796$21,258
3 years$15,488$15,049$14,627$14,220$13,828$13,304
4 years$11,500$11,063$10,645$10,245$9,862$9,355
5 years$9,108$8,673$8,261$7,869$7,497$7,009
6 years$7,514$7,083$6,676$6,293$5,932$5,463
7 years$6,376$5,948$5,548$5,174$4,825$4,375
8 years$5,523$5,098$4,705$4,340$4,002$3,572
9 years$4,859$4,439$4,052$3,697$3,371$2,960
10 years$4,329$3,913$3,533$3,187$2,872$2,480
11 years$3,895$3,483$3,110$2,773$2,470$2,097
12 years$3,534$3,126$2,760$2,433$2,140$1,785
13 years$3,229$2,825$2,466$2,148$1,866$1,529
14 years$2,967$2,568$2,216$1,906$1,636$1,316
15 years$2,741$2,346$2,001$1,700$1,441$1,138
16 years$2,543$2,153$1,814$1,522$1,273$986
17 years$2,369$1,982$1,651$1,368$1,129$858
18 years$2,214$1,832$1,507$1,233$1,004$748
19 years$2,075$1,698$1,379$1,114$895$654
20 years$1,951$1,578$1,266$1,009$799$572
21 years$1,838$1,469$1,164$916$715$502
22 years$1,736$1,372$1,073$832$641$440
23 years$1,643$1,283$991$758$575$387
24 years$1,558$1,202$916$691$517$340
25 years$1,480$1,128$849$631$465$300
26 years$1,408$1,060$787$577$419$264
27 years$1,341$998$731$528$378$233
28 years$1,279$940$680$484$341$206
29 years$1,222$887$632$444$308$182
30 years$1,168$838$589$408$278$160
31 years$1,118$792$549$374$252$142
32 years$1,072$749$512$344$228$125
33 years$1,028$710$478$316$206$111
34 years$987$672$447$291$186$98
35 years$948$638$418$268$169$87
36 years$912$605$391$247$153$77
37 years$877$575$366$227$139$68
38 years$845$546$343$210$126$60
39 years$814$520$321$193$114$53
40 years$785$494$301$178$103$47
41 years$757$471$282$164$94$42
42 years$731$448$265$152$85$37
43 years$706$427$248$140$77$33
44 years$682$407$233$129$70$29
45 years$659$388$219$119$64$26
46 years$638$370$206$110$58$23
47 years$617$353$193$102$52$20
48 years$597$337$181$94$48$18
49 years$578$322$171$87$43$16
50 years$560$308$160$80$39$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $574,000, adding $4,189 every year, while hoping to spend $27,140 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: 51/33/16 Blend
65$574,000$574,000$574,000$574,000
66$636,869$606,447$597,550$666,360
67$672,953$607,286$588,691$687,907
68$711,808$607,257$578,626$708,137
69$753,687$606,288$567,285$729,532
70$798,871$604,303$554,597$752,212
71$847,665$601,223$540,485$776,309
72$900,406$596,963$524,871$801,970
73$957,465$591,431$507,671$829,357
74$1,019,248$584,533$488,800$858,652
75$1,086,203$576,167$468,166$890,057
76$1,158,821$566,224$445,675$923,795
77$1,237,644$554,593$421,229$960,115
78$1,323,267$541,150$394,723$999,291
79$1,416,343$525,770$366,049$1,041,631
80$1,517,594$508,317$335,095$1,087,472
81$1,627,811$488,646$301,743$1,137,192
82$1,747,866$466,608$265,870$1,191,208
83$1,878,718$442,042$227,346$1,249,981
84$2,021,423$414,777$186,038$1,314,025
85$2,177,142$384,636$141,805$1,383,907
86$2,347,156$351,428$94,500$1,460,257
87$2,532,871$314,953$43,971$1,543,772
88$2,735,837$274,999$0$1,635,221
89$2,957,762$231,343$0$1,737,160
90$3,200,523$183,749$0$1,856,956
91$3,466,189$131,965$0$1,988,169
92$3,757,039$75,730$0$2,131,990
93$4,075,580$14,764$0$2,289,730
94$4,424,575$0$0$2,462,842
95$4,807,066$0$0$2,671,527
96$5,226,404$0$0$2,906,254
97$5,686,277$0$0$3,163,733
98$6,190,752$0$0$3,446,248
99$6,744,304$0$0$3,756,313
100$7,351,864$0$0$4,096,699