Can I retire at age 66 with 583,000?

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 $583,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.1%
1 years$48,144$47,715$47,296$46,888$46,489$45,700
2 years$23,833$23,390$22,959$22,542$22,138$21,345
3 years$15,731$15,285$14,856$14,443$14,045$13,274
4 years$11,681$11,236$10,812$10,405$10,017$9,273
5 years$9,251$8,809$8,390$7,992$7,615$6,900
6 years$7,632$7,194$6,781$6,392$6,025$5,341
7 years$6,476$6,041$5,635$5,255$4,900$4,246
8 years$5,609$5,178$4,779$4,408$4,065$3,441
9 years$4,935$4,509$4,116$3,755$3,423$2,829
10 years$4,397$3,974$3,588$3,237$2,917$2,352
11 years$3,956$3,538$3,159$2,817$2,509$1,972
12 years$3,590$3,176$2,804$2,471$2,174$1,666
13 years$3,279$2,870$2,505$2,181$1,896$1,415
14 years$3,014$2,609$2,251$1,936$1,662$1,207
15 years$2,784$2,383$2,032$1,727$1,463$1,034
16 years$2,583$2,186$1,842$1,546$1,293$889
17 years$2,406$2,013$1,676$1,389$1,147$766
18 years$2,248$1,861$1,530$1,252$1,020$661
19 years$2,108$1,724$1,401$1,131$909$572
20 years$1,981$1,602$1,286$1,025$812$496
21 years$1,867$1,493$1,183$930$726$431
22 years$1,764$1,393$1,090$845$651$374
23 years$1,669$1,303$1,006$770$584$326
24 years$1,583$1,221$931$702$525$284
25 years$1,503$1,146$862$641$473$247
26 years$1,430$1,077$800$586$426$216
27 years$1,362$1,013$742$537$384$188
28 years$1,299$955$690$492$346$164
29 years$1,241$901$642$451$313$144
30 years$1,187$851$598$414$283$126
31 years$1,136$804$558$380$256$110
32 years$1,089$761$520$349$231$96
33 years$1,044$721$486$321$209$84
34 years$1,002$683$454$296$189$74
35 years$963$648$424$272$172$64
36 years$926$615$397$251$155$56
37 years$891$584$372$231$141$49
38 years$858$555$348$213$128$43
39 years$827$528$326$196$116$38
40 years$797$502$306$181$105$33
41 years$769$478$287$167$95$29
42 years$742$455$269$154$86$25
43 years$717$434$252$142$78$22
44 years$693$413$237$131$71$19
45 years$670$394$222$121$65$17
46 years$648$376$209$112$59$15
47 years$627$359$196$104$53$13
48 years$607$343$184$96$48$11
49 years$588$327$173$88$44$10
50 years$569$313$163$82$40$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $583,000, adding $2,451 every year, while hoping to spend $32,847 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: 39/48/13 Blend
65$583,000$583,000$583,000$583,000
66$644,994$614,095$605,059$667,536
67$675,835$609,237$590,379$678,908
68$708,720$603,040$574,107$687,809
69$743,824$595,403$556,154$696,716
70$781,337$586,221$536,429$705,644
71$821,469$575,381$514,834$714,614
72$864,447$562,763$491,270$723,650
73$910,524$548,242$465,630$732,784
74$959,974$531,683$437,806$742,050
75$1,013,101$512,945$407,682$751,493
76$1,070,236$491,877$375,138$761,163
77$1,131,743$468,322$340,048$771,122
78$1,198,023$442,112$302,281$781,437
79$1,269,514$413,069$261,701$792,192
80$1,346,701$381,005$218,164$803,479
81$1,430,113$345,723$171,521$815,407
82$1,520,333$307,013$121,616$828,101
83$1,618,003$264,652$68,286$841,701
84$1,723,827$218,408$11,362$856,372
85$1,838,580$168,033$0$872,297
86$1,963,114$113,265$0$896,536
87$2,098,366$53,829$0$924,605
88$2,245,367$0$0$955,222
89$2,405,250$0$0$994,301
90$2,579,262$0$0$1,067,846
91$2,768,778$0$0$1,148,015
92$2,975,307$0$0$1,235,455
93$3,200,511$0$0$1,330,881
94$3,446,221$0$0$1,435,076
95$3,714,449$0$0$1,548,904
96$4,007,413$0$0$1,673,319
97$4,327,553$0$0$1,809,365
98$4,677,557$0$0$1,958,198
99$5,060,381$0$0$2,121,086
100$5,479,283$0$0$2,299,429