Can I retire at age 66 with 581,000?

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 $581,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18%
1 years$47,978$47,551$47,134$46,727$46,330$44,829
2 years$23,752$23,309$22,881$22,465$22,062$20,564
3 years$15,677$15,233$14,805$14,394$13,997$12,549
4 years$11,641$11,198$10,774$10,370$9,983$8,595
5 years$9,219$8,779$8,361$7,965$7,589$6,266
6 years$7,606$7,169$6,757$6,370$6,005$4,748
7 years$6,454$6,020$5,615$5,237$4,883$3,692
8 years$5,590$5,161$4,762$4,393$4,051$2,925
9 years$4,919$4,493$4,102$3,742$3,412$2,349
10 years$4,382$3,961$3,576$3,226$2,907$1,906
11 years$3,943$3,526$3,148$2,807$2,500$1,559
12 years$3,577$3,165$2,794$2,462$2,167$1,283
13 years$3,268$2,860$2,496$2,174$1,889$1,062
14 years$3,004$2,600$2,243$1,930$1,656$882
15 years$2,774$2,375$2,025$1,721$1,458$735
16 years$2,574$2,179$1,836$1,541$1,289$615
17 years$2,397$2,007$1,671$1,384$1,143$515
18 years$2,241$1,854$1,525$1,248$1,016$432
19 years$2,101$1,718$1,396$1,127$906$363
20 years$1,975$1,597$1,281$1,021$809$306
21 years$1,861$1,487$1,179$927$724$258
22 years$1,758$1,388$1,086$843$649$217
23 years$1,663$1,299$1,003$767$582$183
24 years$1,577$1,217$928$700$524$155
25 years$1,498$1,142$859$639$471$131
26 years$1,425$1,073$797$584$424$111
27 years$1,357$1,010$740$535$383$94
28 years$1,295$952$688$490$345$79
29 years$1,237$898$640$449$312$67
30 years$1,183$848$596$412$282$57
31 years$1,132$801$556$379$255$48
32 years$1,085$758$519$348$230$41
33 years$1,040$718$484$320$208$34
34 years$999$681$452$295$189$29
35 years$960$646$423$271$171$25
36 years$923$613$396$250$155$21
37 years$888$582$370$230$140$18
38 years$855$553$347$212$127$15
39 years$824$526$325$196$115$13
40 years$794$500$305$180$105$11
41 years$766$476$286$166$95$9
42 years$740$454$268$154$86$8
43 years$714$432$251$142$78$7
44 years$690$412$236$131$71$6
45 years$667$393$222$121$64$5
46 years$645$375$208$112$59$4
47 years$625$358$195$103$53$3
48 years$605$341$184$95$48$3
49 years$586$326$173$88$44$2
50 years$567$311$162$81$40$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $581,000, adding $3,604 every year, while hoping to spend $49,442 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: 69/5/26 Blend
65$581,000$581,000$581,000$581,000
66$643,980$613,187$604,181$683,877
67$657,060$590,627$571,815$688,535
68$669,817$565,304$536,708$687,609
69$682,166$537,032$498,715$685,446
70$694,011$505,611$457,687$681,924
71$705,246$470,832$413,465$676,909
72$715,751$432,473$365,887$670,253
73$725,393$390,299$314,779$661,796
74$734,022$344,063$259,963$651,366
75$741,472$293,502$201,251$638,770
76$747,559$238,340$138,450$623,803
77$752,075$178,284$71,354$606,237
78$754,793$113,026$0$585,824
79$755,457$42,240$0$562,364
80$753,785$0$0$556,622
81$749,462$0$0$550,417
82$742,140$0$0$544,236
83$731,433$0$0$535,462
84$716,912$0$0$523,768
85$698,102$0$0$508,793
86$674,477$0$0$490,135
87$645,456$0$0$467,352
88$610,393$0$0$439,953
89$568,575$0$0$407,394
90$519,214$0$0$369,075
91$461,436$0$0$324,331
92$394,276$0$0$272,429
93$316,668$0$0$212,555
94$227,432$0$0$143,813
95$125,266$0$0$65,210
96$8,730$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0