Can I retire at age 66 with 496,000?

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 $496,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.4%
1 years$40,959$40,594$40,238$39,891$39,552$39,155
2 years$20,277$19,899$19,533$19,178$18,834$18,435
3 years$13,384$13,004$12,639$12,288$11,949$11,559
4 years$9,938$9,560$9,198$8,853$8,522$8,145
5 years$7,871$7,495$7,138$6,800$6,478$6,115
6 years$6,493$6,120$5,769$5,438$5,126$4,776
7 years$5,510$5,140$4,794$4,471$4,169$3,833
8 years$4,772$4,406$4,066$3,750$3,459$3,137
9 years$4,199$3,836$3,502$3,194$2,913$2,605
10 years$3,741$3,381$3,053$2,754$2,482$2,188
11 years$3,366$3,010$2,688$2,397$2,134$1,855
12 years$3,054$2,702$2,385$2,102$1,850$1,583
13 years$2,790$2,441$2,131$1,856$1,613$1,360
14 years$2,564$2,219$1,915$1,647$1,414$1,174
15 years$2,368$2,027$1,729$1,469$1,245$1,017
16 years$2,197$1,860$1,567$1,315$1,100$884
17 years$2,047$1,713$1,426$1,182$976$771
18 years$1,913$1,583$1,302$1,065$867$674
19 years$1,793$1,467$1,192$962$773$591
20 years$1,686$1,363$1,094$872$691$519
21 years$1,589$1,270$1,006$791$618$456
22 years$1,500$1,185$927$719$554$402
23 years$1,420$1,109$856$655$497$354
24 years$1,346$1,039$792$597$447$313
25 years$1,279$975$733$546$402$276
26 years$1,216$916$680$499$362$244
27 years$1,159$862$632$457$327$216
28 years$1,105$812$587$418$295$191
29 years$1,056$766$546$384$266$169
30 years$1,010$724$509$352$240$150
31 years$966$684$475$323$217$133
32 years$926$647$443$297$197$118
33 years$888$613$413$273$178$105
34 years$853$581$386$251$161$93
35 years$819$551$361$231$146$83
36 years$788$523$338$213$132$73
37 years$758$497$316$196$120$65
38 years$730$472$296$181$109$58
39 years$703$449$277$167$99$51
40 years$678$427$260$154$89$46
41 years$654$407$244$142$81$41
42 years$631$387$229$131$74$36
43 years$610$369$215$121$67$32
44 years$589$352$201$112$61$29
45 years$570$335$189$103$55$25
46 years$551$320$178$95$50$23
47 years$533$305$167$88$45$20
48 years$516$291$157$81$41$18
49 years$500$278$147$75$37$16
50 years$484$266$139$70$34$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $496,000, adding $5,975 every year, while hoping to spend $26,077 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: 47/32/21 Blend
65$496,000$496,000$496,000$496,000
66$552,755$526,467$518,779$575,176
67$581,391$524,518$508,413$589,499
68$612,073$521,600$496,825$601,958
69$644,983$517,637$483,947$614,942
70$680,320$512,550$469,708$628,512
71$718,302$506,255$454,033$642,737
72$759,169$498,662$436,843$657,694
73$803,184$489,676$418,057$673,470
74$850,636$479,197$397,589$690,161
75$901,842$467,118$375,349$707,878
76$957,150$453,328$351,244$726,743
77$1,016,945$437,706$325,176$746,894
78$1,081,647$420,128$297,043$768,483
79$1,151,719$400,458$266,739$791,683
80$1,227,671$378,557$234,151$816,687
81$1,310,062$354,275$199,163$843,708
82$1,399,507$327,453$161,654$872,986
83$1,496,684$297,926$121,497$904,789
84$1,602,338$265,516$78,559$939,415
85$1,717,288$230,037$32,702$977,194
86$1,842,435$191,293$0$1,018,498
87$1,978,771$149,074$0$1,067,374
88$2,127,389$103,162$0$1,128,699
89$2,289,489$53,324$0$1,195,683
90$2,466,395$0$0$1,268,926
91$2,659,561$0$0$1,349,338
92$2,870,590$0$0$1,457,751
93$3,101,247$0$0$1,576,303
94$3,353,473$0$0$1,705,997
95$3,629,407$0$0$1,847,941
96$3,931,404$0$0$2,003,353
97$4,262,055$0$0$2,173,575
98$4,624,217$0$0$2,360,085
99$5,021,034$0$0$2,564,511
100$5,455,968$0$0$2,788,644