Can I retire at age 66 with 578,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $578,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.4%
1 years$47,731$47,306$46,891$46,486$46,091$44,885
2 years$23,629$23,189$22,762$22,349$21,948$20,742
3 years$15,596$15,154$14,729$14,319$13,925$12,755
4 years$11,581$11,140$10,719$10,316$9,931$8,808
5 years$9,172$8,734$8,318$7,924$7,550$6,475
6 years$7,567$7,132$6,722$6,337$5,974$4,950
7 years$6,420$5,989$5,586$5,210$4,858$3,884
8 years$5,561$5,134$4,738$4,370$4,030$3,106
9 years$4,893$4,470$4,081$3,723$3,394$2,519
10 years$4,359$3,940$3,558$3,209$2,892$2,064
11 years$3,922$3,508$3,132$2,793$2,487$1,706
12 years$3,559$3,148$2,780$2,450$2,155$1,419
13 years$3,251$2,845$2,483$2,163$1,880$1,187
14 years$2,988$2,586$2,231$1,920$1,648$997
15 years$2,760$2,362$2,015$1,712$1,451$841
16 years$2,561$2,168$1,826$1,533$1,282$711
17 years$2,385$1,996$1,662$1,377$1,137$602
18 years$2,229$1,845$1,517$1,241$1,011$512
19 years$2,090$1,710$1,389$1,122$901$435
20 years$1,964$1,589$1,275$1,016$805$371
21 years$1,851$1,480$1,172$922$720$316
22 years$1,748$1,381$1,081$838$646$270
23 years$1,655$1,292$998$763$579$231
24 years$1,569$1,210$923$696$521$198
25 years$1,490$1,136$855$636$469$169
26 years$1,418$1,068$793$581$422$145
27 years$1,350$1,005$736$532$381$124
28 years$1,288$947$684$488$343$106
29 years$1,230$893$637$447$310$91
30 years$1,177$843$593$410$280$78
31 years$1,126$797$553$377$253$67
32 years$1,079$754$516$346$229$58
33 years$1,035$714$482$319$207$49
34 years$994$677$450$293$188$42
35 years$955$642$421$270$170$36
36 years$918$610$394$248$154$31
37 years$883$579$368$229$140$27
38 years$851$550$345$211$127$23
39 years$820$523$323$195$115$20
40 years$790$498$303$179$104$17
41 years$762$474$284$166$94$15
42 years$736$451$266$153$86$13
43 years$711$430$250$141$78$11
44 years$687$410$235$130$71$9
45 years$664$391$220$120$64$8
46 years$642$373$207$111$58$7
47 years$621$356$194$103$53$6
48 years$601$340$183$95$48$5
49 years$583$324$172$88$44$4
50 years$564$310$162$81$40$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $578,000, adding $6,616 every year, while hoping to spend $35,325 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: 48/39/13 Blend
65$578,000$578,000$578,000$578,000
66$643,780$613,146$604,187$672,060
67$671,860$605,605$586,842$684,714
68$701,621$596,510$567,732$694,253
69$733,195$585,749$546,760$703,823
70$766,731$573,200$523,826$713,438
71$802,388$558,737$498,825$723,117
72$840,341$542,225$471,645$732,883
73$880,783$523,521$442,173$742,764
74$923,924$502,475$410,287$752,793
75$969,995$478,926$375,861$763,010
76$1,019,247$452,707$338,766$773,461
77$1,071,958$423,637$298,862$784,203
78$1,128,431$391,529$256,007$795,298
79$1,188,999$356,181$210,052$806,821
80$1,254,027$317,385$160,839$818,859
81$1,323,917$274,915$108,205$831,509
82$1,399,107$228,536$51,981$844,886
83$1,480,081$178,000$0$859,120
84$1,567,370$123,043$0$875,471
85$1,661,557$63,387$0$900,761
86$1,763,281$0$0$927,993
87$1,873,248$0$0$957,953
88$1,992,229$0$0$1,019,852
89$2,121,076$0$0$1,086,937
90$2,260,722$0$0$1,159,701
91$2,412,197$0$0$1,238,687
92$2,576,629$0$0$1,324,491
93$2,755,263$0$0$1,417,771
94$2,949,466$0$0$1,519,247
95$3,160,742$0$0$1,629,715
96$3,390,747$0$0$1,750,050
97$3,641,302$0$0$1,881,213
98$3,914,412$0$0$2,024,263
99$4,212,282$0$0$2,180,366
100$4,537,342$0$0$2,350,804