Can I retire at age 66 with 532,000?

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 $532,000?

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$43,932$43,541$43,159$42,786$42,422$41,997
2 years$21,749$21,343$20,951$20,570$20,201$19,773
3 years$14,355$13,948$13,557$13,180$12,816$12,398
4 years$10,659$10,253$9,866$9,495$9,141$8,736
5 years$8,442$8,039$7,656$7,293$6,949$6,558
6 years$6,964$6,564$6,187$5,832$5,498$5,123
7 years$5,909$5,513$5,142$4,795$4,472$4,112
8 years$5,119$4,725$4,361$4,023$3,710$3,365
9 years$4,504$4,114$3,756$3,426$3,124$2,795
10 years$4,012$3,627$3,274$2,954$2,662$2,347
11 years$3,610$3,229$2,883$2,570$2,289$1,989
12 years$3,276$2,898$2,558$2,255$1,984$1,698
13 years$2,993$2,619$2,286$1,990$1,730$1,459
14 years$2,750$2,380$2,054$1,767$1,516$1,259
15 years$2,540$2,174$1,854$1,576$1,335$1,091
16 years$2,357$1,995$1,681$1,411$1,180$949
17 years$2,195$1,837$1,530$1,268$1,046$827
18 years$2,052$1,698$1,396$1,142$930$723
19 years$1,923$1,574$1,278$1,032$829$634
20 years$1,808$1,462$1,173$935$741$556
21 years$1,704$1,362$1,079$849$663$489
22 years$1,609$1,271$995$772$594$431
23 years$1,523$1,189$918$703$533$380
24 years$1,444$1,114$849$641$479$335
25 years$1,372$1,045$787$585$431$296
26 years$1,305$983$730$535$389$262
27 years$1,243$925$677$490$350$232
28 years$1,186$871$630$449$316$205
29 years$1,132$822$586$412$285$182
30 years$1,083$776$546$378$258$161
31 years$1,037$734$509$347$233$143
32 years$993$694$475$319$211$127
33 years$953$658$443$293$191$112
34 years$915$623$414$270$173$100
35 years$879$591$387$248$157$89
36 years$845$561$362$229$142$79
37 years$813$533$339$211$129$70
38 years$783$506$318$194$117$62
39 years$754$482$298$179$106$55
40 years$727$458$279$165$96$49
41 years$702$436$261$152$87$44
42 years$677$415$245$141$79$39
43 years$654$396$230$130$72$34
44 years$632$377$216$120$65$31
45 years$611$360$203$111$59$27
46 years$591$343$191$102$54$24
47 years$572$328$179$94$49$21
48 years$554$313$168$87$44$19
49 years$536$299$158$81$40$17
50 years$519$285$149$75$36$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $532,000, adding $6,113 every year, while hoping to spend $39,089 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: 73/13/14 Blend
65$532,000$532,000$532,000$532,000
66$592,570$564,374$556,128$633,589
67$611,421$550,437$533,167$647,628
68$630,886$534,508$508,128$657,603
69$650,984$516,447$480,898$667,484
70$671,739$496,108$451,363$677,253
71$693,173$473,333$419,400$686,888
72$715,309$447,960$384,883$696,368
73$738,174$419,813$347,680$705,672
74$761,793$388,709$307,653$714,774
75$786,194$354,454$264,656$723,650
76$811,404$316,841$218,541$732,273
77$837,454$275,652$169,149$740,613
78$864,375$230,660$116,315$748,642
79$892,198$181,619$59,869$756,328
80$920,959$128,275$0$763,638
81$950,693$70,357$0$770,590
82$981,437$7,578$0$786,642
83$1,013,231$0$0$802,830
84$1,046,116$0$0$827,780
85$1,080,136$0$0$854,714
86$1,115,337$0$0$882,583
87$1,151,766$0$0$911,427
88$1,189,474$0$0$941,286
89$1,228,517$0$0$972,203
90$1,268,949$0$0$1,004,222
91$1,310,832$0$0$1,037,393
92$1,354,230$0$0$1,071,765
93$1,399,209$0$0$1,107,393
94$1,445,842$0$0$1,144,333
95$1,494,204$0$0$1,182,647
96$1,544,378$0$0$1,222,399
97$1,596,449$0$0$1,263,658
98$1,650,509$0$0$1,306,498
99$1,706,657$0$0$1,350,997
100$1,764,998$0$0$1,397,238