Can I retire at age 66 with 539,000?

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 $539,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.1%
1 years$44,510$44,114$43,727$43,349$42,981$42,426
2 years$22,035$21,624$21,227$20,841$20,467$19,909
3 years$14,544$14,132$13,735$13,353$12,985$12,441
4 years$10,799$10,388$9,996$9,620$9,261$8,735
5 years$8,553$8,145$7,757$7,389$7,040$6,534
6 years$7,056$6,651$6,269$5,909$5,571$5,085
7 years$5,987$5,585$5,209$4,858$4,530$4,065
8 years$5,186$4,788$4,418$4,075$3,758$3,313
9 years$4,563$4,168$3,805$3,471$3,165$2,740
10 years$4,065$3,674$3,317$2,992$2,697$2,292
11 years$3,658$3,271$2,921$2,604$2,319$1,934
12 years$3,319$2,936$2,592$2,284$2,010$1,644
13 years$3,032$2,653$2,316$2,017$1,753$1,405
14 years$2,786$2,412$2,081$1,790$1,536$1,207
15 years$2,574$2,203$1,879$1,597$1,353$1,041
16 years$2,388$2,021$1,703$1,430$1,196$901
17 years$2,224$1,862$1,550$1,284$1,060$782
18 years$2,079$1,720$1,415$1,158$943$680
19 years$1,949$1,594$1,295$1,046$840$593
20 years$1,832$1,481$1,189$947$750$518
21 years$1,726$1,380$1,093$860$672$453
22 years$1,630$1,288$1,008$782$602$397
23 years$1,543$1,205$930$712$540$348
24 years$1,463$1,129$861$649$486$306
25 years$1,390$1,059$797$593$437$268
26 years$1,322$996$739$542$394$236
27 years$1,259$937$686$496$355$208
28 years$1,201$883$638$455$320$183
29 years$1,147$833$594$417$289$161
30 years$1,097$787$553$383$261$142
31 years$1,050$744$516$351$236$125
32 years$1,006$704$481$323$214$110
33 years$965$666$449$297$193$97
34 years$927$631$420$273$175$86
35 years$890$599$392$252$159$76
36 years$856$568$367$232$144$67
37 years$824$540$344$213$130$59
38 years$793$513$322$197$118$52
39 years$764$488$301$181$107$46
40 years$737$464$283$167$97$41
41 years$711$442$265$154$88$36
42 years$686$421$249$142$80$32
43 years$663$401$233$132$73$28
44 years$640$382$219$121$66$25
45 years$619$364$206$112$60$22
46 years$599$348$193$104$54$19
47 years$579$332$181$96$49$17
48 years$561$317$170$88$45$15
49 years$543$302$160$82$41$13
50 years$526$289$151$76$37$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $539,000, adding $6,713 every year, while hoping to spend $34,878 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: 41/50/9 Blend
65$539,000$539,000$539,000$539,000
66$600,902$572,335$563,981$623,668
67$625,085$563,270$545,764$631,198
68$650,564$552,591$525,769$635,331
69$677,437$540,184$503,897$639,014
70$705,807$525,924$480,049$642,221
71$735,788$509,683$454,120$644,925
72$767,504$491,323$425,998$647,101
73$801,090$470,698$395,569$648,722
74$836,693$447,654$362,713$649,764
75$874,475$422,029$327,303$650,201
76$914,614$393,650$289,210$650,012
77$957,300$362,335$248,294$649,176
78$1,002,747$327,892$204,415$647,673
79$1,051,186$290,117$157,421$645,489
80$1,102,869$248,794$107,156$642,609
81$1,158,074$203,698$53,458$639,025
82$1,217,105$154,587$0$634,733
83$1,280,297$101,209$0$630,104
84$1,348,014$43,294$0$630,279
85$1,420,657$0$0$630,150
86$1,498,667$0$0$640,456
87$1,582,527$0$0$677,191
88$1,672,767$0$0$716,771
89$1,769,970$0$0$759,460
90$1,874,774$0$0$805,545
91$1,987,883$0$0$855,342
92$2,110,068$0$0$909,199
93$2,242,178$0$0$967,498
94$2,385,145$0$0$1,030,658
95$2,539,994$0$0$1,099,141
96$2,707,852$0$0$1,173,456
97$2,889,957$0$0$1,254,160
98$3,087,674$0$0$1,341,867
99$3,302,500$0$0$1,437,254
100$3,536,085$0$0$1,541,063