Can I retire at age 66 with 582,000?

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 $582,000?

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$48,061$47,633$47,215$46,808$46,409$45,868
2 years$23,793$23,349$22,920$22,504$22,100$21,554
3 years$15,704$15,259$14,831$14,418$14,021$13,489
4 years$11,661$11,217$10,793$10,388$10,000$9,485
5 years$9,235$8,794$8,376$7,979$7,602$7,106
6 years$7,619$7,181$6,769$6,381$6,015$5,539
7 years$6,465$6,031$5,625$5,246$4,892$4,436
8 years$5,600$5,169$4,770$4,401$4,058$3,622
9 years$4,927$4,501$4,109$3,748$3,418$3,001
10 years$4,389$3,967$3,582$3,231$2,912$2,514
11 years$3,950$3,532$3,154$2,812$2,504$2,126
12 years$3,583$3,170$2,799$2,467$2,170$1,810
13 years$3,274$2,865$2,501$2,178$1,893$1,551
14 years$3,009$2,604$2,247$1,933$1,659$1,335
15 years$2,779$2,379$2,028$1,724$1,461$1,153
16 years$2,578$2,183$1,839$1,544$1,291$1,000
17 years$2,402$2,010$1,674$1,387$1,145$870
18 years$2,245$1,857$1,528$1,250$1,018$758
19 years$2,104$1,721$1,399$1,129$907$663
20 years$1,978$1,600$1,284$1,023$810$580
21 years$1,864$1,490$1,181$928$725$509
22 years$1,761$1,391$1,088$844$650$446
23 years$1,666$1,301$1,005$769$583$392
24 years$1,580$1,219$929$701$524$345
25 years$1,500$1,144$861$640$472$304
26 years$1,427$1,075$798$585$425$268
27 years$1,360$1,012$741$536$383$236
28 years$1,297$953$689$491$346$209
29 years$1,239$899$641$450$312$184
30 years$1,185$849$597$413$282$163
31 years$1,134$803$557$379$255$144
32 years$1,087$760$519$349$231$127
33 years$1,042$719$485$321$209$112
34 years$1,001$682$453$295$189$99
35 years$961$647$424$272$171$88
36 years$924$614$396$250$155$78
37 years$889$583$371$230$141$69
38 years$856$554$347$212$127$61
39 years$825$527$325$196$116$54
40 years$796$501$305$181$105$48
41 years$768$477$286$167$95$42
42 years$741$454$268$154$86$38
43 years$716$433$252$142$78$33
44 years$691$413$236$131$71$29
45 years$669$394$222$121$65$26
46 years$647$375$208$112$59$23
47 years$626$358$196$103$53$20
48 years$606$342$184$95$48$18
49 years$587$327$173$88$44$16
50 years$568$312$163$82$40$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $582,000, adding $4,430 every year, while hoping to spend $35,434 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: 62/10/28 Blend
65$582,000$582,000$582,000$582,000
66$645,934$615,088$606,067$680,880
67$674,117$607,525$588,668$697,585
68$703,988$598,405$569,500$711,582
69$735,681$587,613$548,464$726,111
70$769,343$575,028$525,460$741,231
71$805,134$560,523$500,381$757,008
72$843,233$543,963$473,119$773,516
73$883,830$525,205$443,556$790,838
74$927,138$504,097$411,572$809,069
75$973,387$480,480$377,041$828,313
76$1,022,832$454,183$339,832$848,688
77$1,075,751$425,028$299,806$870,325
78$1,132,448$392,824$256,819$893,370
79$1,193,257$357,372$210,722$917,989
80$1,258,546$318,460$161,358$944,363
81$1,328,717$275,864$108,563$972,699
82$1,404,212$229,347$52,166$1,003,222
83$1,485,517$178,660$0$1,036,188
84$1,573,164$123,539$0$1,074,275
85$1,667,739$63,705$0$1,132,190
86$1,769,885$0$0$1,194,738
87$1,880,309$0$0$1,262,496
88$1,999,788$0$0$1,343,430
89$2,129,177$0$0$1,431,111
90$2,269,413$0$0$1,526,182
91$2,421,529$0$0$1,629,347
92$2,586,662$0$0$1,741,380
93$2,766,060$0$0$1,863,135
94$2,961,096$0$0$1,995,549
95$3,173,282$0$0$2,139,654
96$3,404,281$0$0$2,296,585
97$3,655,922$0$0$2,467,592
98$3,930,220$0$0$2,654,049
99$4,229,390$0$0$2,857,470
100$4,555,872$0$0$3,079,520