Can I retire at age 66 with 584,000?

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 $584,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.6%
1 years$48,226$47,797$47,377$46,968$46,569$46,063
2 years$23,874$23,430$22,999$22,581$22,176$21,667
3 years$15,758$15,312$14,882$14,468$14,069$13,573
4 years$11,701$11,256$10,830$10,423$10,034$9,554
5 years$9,267$8,825$8,405$8,006$7,628$7,165
6 years$7,645$7,206$6,792$6,403$6,036$5,591
7 years$6,487$6,052$5,644$5,264$4,909$4,482
8 years$5,619$5,187$4,787$4,416$4,072$3,664
9 years$4,944$4,516$4,123$3,761$3,429$3,039
10 years$4,404$3,981$3,594$3,242$2,922$2,550
11 years$3,963$3,544$3,164$2,822$2,513$2,158
12 years$3,596$3,181$2,808$2,475$2,178$1,840
13 years$3,285$2,875$2,509$2,185$1,899$1,578
14 years$3,019$2,613$2,254$1,940$1,665$1,360
15 years$2,789$2,387$2,035$1,730$1,466$1,177
16 years$2,587$2,190$1,845$1,549$1,295$1,022
17 years$2,410$2,017$1,679$1,392$1,149$890
18 years$2,252$1,864$1,533$1,254$1,021$777
19 years$2,111$1,727$1,403$1,133$910$680
20 years$1,985$1,605$1,288$1,026$813$596
21 years$1,870$1,495$1,185$931$728$524
22 years$1,767$1,396$1,092$847$652$460
23 years$1,672$1,305$1,008$771$585$405
24 years$1,585$1,223$932$703$526$357
25 years$1,506$1,148$864$642$474$315
26 years$1,432$1,079$801$587$427$278
27 years$1,364$1,015$744$538$385$246
28 years$1,302$957$691$493$347$217
29 years$1,243$902$643$452$313$192
30 years$1,189$852$599$415$283$170
31 years$1,138$806$559$381$256$150
32 years$1,090$762$521$350$232$133
33 years$1,046$722$487$322$210$118
34 years$1,004$684$455$296$190$105
35 years$965$649$425$273$172$93
36 years$928$616$398$251$156$82
37 years$893$585$372$231$141$73
38 years$859$556$349$213$128$65
39 years$828$529$327$197$116$57
40 years$798$503$306$181$105$51
41 years$770$479$287$167$95$45
42 years$744$456$269$154$87$40
43 years$718$434$253$143$79$35
44 years$694$414$237$132$71$32
45 years$671$395$223$122$65$28
46 years$649$377$209$112$59$25
47 years$628$360$197$104$53$22
48 years$608$343$185$96$49$20
49 years$589$328$174$89$44$17
50 years$570$313$163$82$40$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $584,000, adding $4,177 every year, while hoping to spend $27,653 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: 42/30/28 Blend
65$584,000$584,000$584,000$584,000
66$647,877$616,925$607,873$669,627
67$684,537$617,731$598,814$686,485
68$724,011$617,651$588,525$701,814
69$766,555$616,610$576,935$717,888
70$812,452$614,533$563,971$734,791
71$862,013$611,336$549,555$752,621
72$915,580$606,934$533,607$771,484
73$973,529$601,233$516,043$791,500
74$1,036,273$594,137$496,774$812,806
75$1,104,265$585,542$475,707$835,551
76$1,178,004$575,337$452,748$859,905
77$1,258,039$563,408$427,794$886,055
78$1,344,974$549,630$400,740$914,212
79$1,439,473$533,873$371,476$944,610
80$1,542,266$516,000$339,887$977,511
81$1,654,156$495,863$305,853$1,013,205
82$1,776,029$473,309$269,248$1,052,018
83$1,908,857$448,175$229,941$1,094,311
84$2,053,712$420,286$187,795$1,140,484
85$2,211,771$389,461$142,667$1,190,985
86$2,384,333$355,505$94,407$1,246,311
87$2,572,825$318,215$42,860$1,307,012
88$2,778,820$277,375$0$1,373,703
89$3,004,048$232,755$0$1,450,692
90$3,250,417$184,116$0$1,549,007
91$3,520,023$131,201$0$1,656,718
92$3,815,179$73,743$0$1,774,812
93$4,138,428$11,458$0$1,904,376
94$4,492,572$0$0$2,046,611
95$4,880,699$0$0$2,221,319
96$5,306,205$0$0$2,417,074
97$5,772,834$0$0$2,631,825
98$6,284,710$0$0$2,867,479
99$6,846,373$0$0$3,126,137
100$7,462,826$0$0$3,410,113