Can I retire at age 66 with 545,000?

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 $545,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.7%
1 years$45,006$44,605$44,214$43,832$43,459$42,102
2 years$22,280$21,865$21,463$21,073$20,695$19,339
3 years$14,706$14,289$13,888$13,502$13,130$11,819
4 years$10,919$10,504$10,107$9,727$9,364$8,108
5 years$8,648$8,235$7,843$7,471$7,118$5,920
6 years$7,135$6,725$6,339$5,975$5,633$4,493
7 years$6,054$5,647$5,267$4,912$4,581$3,500
8 years$5,244$4,841$4,467$4,121$3,800$2,777
9 years$4,614$4,215$3,848$3,510$3,200$2,234
10 years$4,110$3,715$3,354$3,026$2,727$1,817
11 years$3,698$3,307$2,953$2,633$2,345$1,489
12 years$3,356$2,969$2,621$2,310$2,032$1,228
13 years$3,066$2,683$2,342$2,039$1,772$1,018
14 years$2,817$2,438$2,104$1,810$1,553$848
15 years$2,602$2,228$1,900$1,614$1,368$708
16 years$2,415$2,044$1,722$1,445$1,209$593
17 years$2,249$1,882$1,567$1,299$1,072$498
18 years$2,102$1,739$1,431$1,170$953$419
19 years$1,970$1,612$1,310$1,058$849$353
20 years$1,852$1,498$1,202$958$759$298
21 years$1,746$1,395$1,106$869$679$251
22 years$1,649$1,302$1,019$790$609$213
23 years$1,560$1,218$941$720$546$180
24 years$1,479$1,141$870$657$491$152
25 years$1,405$1,071$806$600$442$129
26 years$1,337$1,007$747$548$398$109
27 years$1,273$947$694$502$359$93
28 years$1,215$893$645$460$324$79
29 years$1,160$842$600$422$292$67
30 years$1,109$795$559$387$264$57
31 years$1,062$752$521$355$239$48
32 years$1,018$711$486$327$216$41
33 years$976$674$454$300$196$35
34 years$937$639$424$276$177$29
35 years$900$606$397$254$160$25
36 years$866$575$371$234$145$21
37 years$833$546$347$216$132$18
38 years$802$519$325$199$119$15
39 years$773$493$305$183$108$13
40 years$745$469$286$169$98$11
41 years$719$447$268$156$89$9
42 years$694$426$251$144$81$8
43 years$670$405$236$133$73$7
44 years$648$386$221$123$67$6
45 years$626$369$208$113$60$5
46 years$605$352$195$105$55$4
47 years$586$336$183$97$50$4
48 years$567$320$172$89$45$3
49 years$549$306$162$83$41$3
50 years$532$292$152$76$37$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $545,000, adding $3,886 every year, while hoping to spend $43,116 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: 71/22/7 Blend
65$545,000$545,000$545,000$545,000
66$604,598$575,713$567,266$646,609
67$620,392$558,048$540,394$657,213
68$636,352$538,072$511,177$663,100
69$652,449$515,627$479,491$668,350
70$668,651$490,545$445,206$672,889
71$684,919$462,647$408,186$676,637
72$701,211$431,747$368,290$679,506
73$717,477$397,645$325,370$681,402
74$733,661$360,131$279,272$682,222
75$749,701$318,984$229,833$681,853
76$765,524$273,968$176,887$680,173
77$781,052$224,837$120,257$677,050
78$796,193$171,327$59,759$672,339
79$810,845$113,163$0$665,884
80$824,895$50,052$0$657,872
81$838,216$0$0$652,546
82$850,665$0$0$649,683
83$862,083$0$0$658,116
84$872,292$0$0$665,587
85$881,093$0$0$671,941
86$888,267$0$0$677,005
87$893,568$0$0$680,585
88$896,723$0$0$682,469
89$897,427$0$0$682,417
90$895,345$0$0$680,166
91$890,100$0$0$675,421
92$881,280$0$0$667,857
93$868,421$0$0$657,114
94$851,015$0$0$642,791
95$828,494$0$0$624,444
96$800,233$0$0$601,582
97$765,537$0$0$573,663
98$723,638$0$0$540,083
99$673,685$0$0$500,177
100$614,739$0$0$453,208