Can I retire at age 66 with 548,000?

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 $548,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.7%
1 years$45,253$44,850$44,457$44,073$43,698$42,504
2 years$22,403$21,985$21,581$21,189$20,809$19,614
3 years$14,787$14,368$13,964$13,576$13,202$12,045
4 years$10,980$10,562$10,162$9,781$9,416$8,304
5 years$8,696$8,281$7,887$7,513$7,158$6,096
6 years$7,174$6,762$6,373$6,008$5,664$4,652
7 years$6,087$5,678$5,296$4,939$4,606$3,644
8 years$5,272$4,867$4,492$4,144$3,821$2,909
9 years$4,639$4,238$3,869$3,529$3,218$2,355
10 years$4,133$3,736$3,373$3,042$2,742$1,926
11 years$3,719$3,326$2,969$2,648$2,358$1,589
12 years$3,374$2,985$2,635$2,322$2,043$1,319
13 years$3,083$2,697$2,354$2,050$1,782$1,101
14 years$2,833$2,452$2,115$1,820$1,562$923
15 years$2,617$2,240$1,910$1,623$1,375$777
16 years$2,428$2,055$1,732$1,453$1,216$655
17 years$2,261$1,893$1,576$1,306$1,078$554
18 years$2,113$1,749$1,438$1,177$958$470
19 years$1,981$1,621$1,317$1,063$854$399
20 years$1,862$1,506$1,209$963$763$339
21 years$1,755$1,403$1,112$874$683$288
22 years$1,658$1,310$1,025$795$612$246
23 years$1,569$1,225$946$724$549$209
24 years$1,488$1,148$875$660$494$179
25 years$1,413$1,077$810$603$444$153
26 years$1,344$1,012$752$551$400$130
27 years$1,280$953$698$505$361$111
28 years$1,221$898$649$462$326$95
29 years$1,167$847$604$424$294$81
30 years$1,115$800$562$389$266$70
31 years$1,068$756$524$357$240$60
32 years$1,023$715$489$328$217$51
33 years$981$677$457$302$197$44
34 years$942$642$427$278$178$37
35 years$905$609$399$256$161$32
36 years$870$578$373$236$146$27
37 years$837$549$349$217$132$23
38 years$806$522$327$200$120$20
39 years$777$496$306$184$109$17
40 years$749$472$287$170$99$15
41 years$723$449$269$157$90$13
42 years$698$428$253$145$81$11
43 years$674$408$237$134$74$9
44 years$651$389$223$123$67$8
45 years$629$371$209$114$61$7
46 years$609$354$196$105$55$6
47 years$589$337$184$97$50$5
48 years$570$322$173$90$46$4
49 years$552$308$163$83$41$4
50 years$535$294$153$77$38$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $548,000, adding $4,353 every year, while hoping to spend $21,959 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: 70/24/6 Blend
65$548,000$548,000$548,000$548,000
66$608,386$579,342$570,848$650,180
67$647,077$584,366$566,607$683,401
68$688,979$588,899$561,488$716,610
69$734,396$592,896$555,439$752,340
70$783,661$596,306$548,404$790,833
71$837,145$599,075$540,325$832,355
72$895,250$601,146$531,143$877,200
73$958,423$602,459$520,793$925,694
74$1,027,153$602,951$509,211$978,193
75$1,101,979$602,551$496,326$1,035,092
76$1,183,494$601,190$482,066$1,096,826
77$1,272,350$598,788$466,355$1,163,874
78$1,369,267$595,265$449,114$1,236,765
79$1,475,033$590,535$430,261$1,316,081
80$1,590,520$584,504$409,709$1,402,466
81$1,716,686$577,077$387,366$1,496,629
82$1,854,583$568,150$363,139$1,599,350
83$2,005,375$557,614$336,928$1,711,492
84$2,170,339$545,352$308,630$1,834,007
85$2,350,881$531,242$278,138$1,967,940
86$2,548,553$515,155$245,337$2,114,450
87$2,765,061$496,953$210,112$2,274,811
88$3,002,285$476,491$172,337$2,450,427
89$3,262,293$453,614$131,886$2,642,850
90$3,547,366$428,161$88,623$2,853,788
91$3,860,015$399,958$42,409$3,085,127
92$4,203,004$368,824$0$3,338,945
93$4,579,380$334,566$0$3,617,976
94$4,992,499$296,981$0$3,927,232
95$5,446,055$255,855$0$4,266,790
96$5,944,120$210,959$0$4,639,735
97$6,491,178$162,054$0$5,049,466
98$7,092,171$108,887$0$5,499,729
99$7,752,539$51,190$0$5,994,656
100$8,478,280$0$0$6,538,801