Can I retire at age 66 with 543,000?

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 $543,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.7%
1 years$44,840$44,441$44,051$43,671$43,300$42,812
2 years$22,198$21,785$21,384$20,996$20,619$20,128
3 years$14,652$14,237$13,837$13,452$13,081$12,602
4 years$10,879$10,465$10,070$9,691$9,330$8,866
5 years$8,616$8,205$7,815$7,444$7,092$6,646
6 years$7,108$6,700$6,315$5,953$5,612$5,183
7 years$6,032$5,627$5,248$4,894$4,564$4,153
8 years$5,224$4,823$4,451$4,106$3,786$3,393
9 years$4,597$4,199$3,833$3,497$3,189$2,813
10 years$4,095$3,702$3,342$3,015$2,717$2,358
11 years$3,685$3,295$2,942$2,624$2,337$1,995
12 years$3,343$2,958$2,611$2,301$2,025$1,700
13 years$3,054$2,673$2,333$2,032$1,766$1,457
14 years$2,807$2,430$2,096$1,803$1,548$1,255
15 years$2,593$2,219$1,893$1,608$1,363$1,085
16 years$2,406$2,036$1,716$1,440$1,204$942
17 years$2,241$1,875$1,561$1,294$1,068$820
18 years$2,094$1,733$1,425$1,166$950$715
19 years$1,963$1,606$1,305$1,054$846$625
20 years$1,845$1,492$1,198$954$756$548
21 years$1,739$1,390$1,101$866$677$481
22 years$1,643$1,298$1,015$787$606$422
23 years$1,555$1,214$937$717$544$371
24 years$1,474$1,137$867$654$489$327
25 years$1,400$1,067$803$597$440$288
26 years$1,332$1,003$745$546$397$254
27 years$1,269$944$691$500$358$224
28 years$1,210$889$643$458$323$198
29 years$1,156$839$598$420$291$175
30 years$1,105$792$557$386$263$155
31 years$1,058$749$519$354$238$137
32 years$1,014$709$485$325$215$121
33 years$972$671$453$299$195$107
34 years$934$636$423$275$176$95
35 years$897$603$395$253$160$84
36 years$862$573$370$233$145$74
37 years$830$544$346$215$131$66
38 years$799$517$324$198$119$58
39 years$770$492$304$183$108$52
40 years$742$468$285$169$98$46
41 years$716$445$267$156$89$41
42 years$691$424$250$144$81$36
43 years$668$404$235$133$73$32
44 years$645$385$221$122$66$28
45 years$624$367$207$113$60$25
46 years$603$350$194$104$55$22
47 years$584$334$183$96$50$20
48 years$565$319$172$89$45$18
49 years$547$305$161$82$41$16
50 years$530$291$152$76$37$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $543,000, adding $2,652 every year, while hoping to spend $43,676 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: 62/27/11 Blend
65$543,000$543,000$543,000$543,000
66$601,122$572,343$563,926$636,706
67$615,965$553,916$536,347$642,437
68$630,859$533,124$506,379$643,434
69$645,762$509,802$473,898$643,440
70$660,627$483,780$438,772$642,358
71$675,402$454,876$400,862$640,085
72$690,027$422,899$360,025$636,511
73$704,435$387,646$316,110$631,515
74$718,548$348,902$268,962$624,966
75$732,283$306,441$218,414$616,723
76$745,543$260,023$164,298$606,633
77$758,219$209,396$106,433$594,532
78$770,193$154,292$44,634$580,240
79$781,329$94,428$0$563,564
80$791,477$29,508$0$546,795
81$800,470$0$0$532,956
82$808,120$0$0$528,700
83$814,219$0$0$532,129
84$818,536$0$0$534,317
85$820,814$0$0$535,087
86$820,765$0$0$534,244
87$818,073$0$0$531,569
88$812,384$0$0$526,819
89$803,307$0$0$519,728
90$790,408$0$0$509,998
91$773,206$0$0$497,299
92$751,168$0$0$481,266
93$723,704$0$0$461,494
94$690,160$0$0$437,537
95$649,812$0$0$408,898
96$601,861$0$0$375,031
97$545,420$0$0$335,329
98$479,510$0$0$289,121
99$403,050$0$0$235,667
100$314,841$0$0$174,148