Can I retire at age 66 with 510,000?

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 $510,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.7%
1 years$42,115$41,740$41,374$41,017$40,668$40,378
2 years$20,849$20,461$20,085$19,720$19,366$19,073
3 years$13,761$13,371$12,996$12,635$12,286$12,001
4 years$10,218$9,829$9,458$9,103$8,763$8,486
5 years$8,093$7,706$7,340$6,992$6,661$6,394
6 years$6,676$6,293$5,932$5,591$5,271$5,013
7 years$5,665$5,285$4,929$4,597$4,287$4,039
8 years$4,907$4,530$4,180$3,856$3,556$3,319
9 years$4,317$3,944$3,600$3,285$2,995$2,768
10 years$3,846$3,477$3,139$2,831$2,552$2,335
11 years$3,461$3,095$2,764$2,464$2,195$1,987
12 years$3,140$2,778$2,453$2,161$1,902$1,704
13 years$2,869$2,510$2,191$1,908$1,658$1,470
14 years$2,637$2,282$1,969$1,694$1,454$1,274
15 years$2,435$2,085$1,778$1,511$1,280$1,110
16 years$2,259$1,913$1,612$1,353$1,131$969
17 years$2,104$1,761$1,466$1,215$1,003$850
18 years$1,967$1,628$1,339$1,095$892$747
19 years$1,844$1,508$1,226$990$795$658
20 years$1,733$1,402$1,125$896$710$580
21 years$1,633$1,306$1,035$813$635$513
22 years$1,543$1,219$953$740$570$454
23 years$1,460$1,140$880$674$511$402
24 years$1,384$1,068$814$614$460$357
25 years$1,315$1,002$754$561$414$317
26 years$1,251$942$699$513$372$282
27 years$1,192$887$649$470$336$251
28 years$1,137$835$604$430$303$223
29 years$1,086$788$562$395$274$199
30 years$1,038$744$523$362$247$177
31 years$994$704$488$333$224$158
32 years$952$666$455$306$202$141
33 years$913$630$425$281$183$126
34 years$877$598$397$259$166$112
35 years$842$567$371$238$150$100
36 years$810$538$347$219$136$90
37 years$779$511$325$202$123$80
38 years$751$486$304$186$112$72
39 years$723$462$285$172$101$64
40 years$697$439$267$158$92$57
41 years$673$418$251$146$83$51
42 years$649$398$235$135$76$46
43 years$627$379$221$124$69$41
44 years$606$362$207$115$62$37
45 years$586$345$194$106$57$33
46 years$567$329$183$98$51$29
47 years$548$314$172$91$47$26
48 years$531$300$161$84$42$23
49 years$514$286$152$77$38$21
50 years$498$273$143$71$35$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $510,000, adding $4,543 every year, while hoping to spend $30,666 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: 49/45/6 Blend
65$510,000$510,000$510,000$510,000
66$566,706$539,676$531,771$593,392
67$591,882$533,492$516,957$605,911
68$618,597$525,977$500,619$615,853
69$646,978$517,033$482,673$625,922
70$677,160$506,558$463,033$636,138
71$709,292$494,441$441,607$646,524
72$743,539$480,568$418,299$657,108
73$780,078$464,814$393,010$667,922
74$819,106$447,050$365,637$679,006
75$860,838$427,139$336,069$690,402
76$905,510$404,935$304,193$702,163
77$953,379$380,284$269,891$714,349
78$1,004,730$353,024$233,038$727,028
79$1,059,873$322,982$193,505$740,278
80$1,119,149$289,977$151,157$754,190
81$1,182,933$253,817$105,851$768,867
82$1,251,636$214,298$57,441$784,426
83$1,325,710$171,206$5,773$801,001
84$1,405,652$124,315$0$818,742
85$1,492,007$73,384$0$840,981
86$1,585,374$18,162$0$865,351
87$1,686,411$0$0$891,712
88$1,795,843$0$0$940,930
89$1,914,465$0$0$1,004,077
90$2,043,154$0$0$1,072,631
91$2,182,871$0$0$1,147,111
92$2,334,677$0$0$1,228,087
93$2,499,734$0$0$1,316,188
94$2,679,325$0$0$1,412,105
95$2,874,861$0$0$1,516,598
96$3,087,891$0$0$1,630,503
97$3,320,124$0$0$1,754,742
98$3,573,439$0$0$1,890,328
99$3,849,904$0$0$2,038,377
100$4,151,795$0$0$2,200,117