Can I retire at age 66 with 562,000?

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 $562,000?

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$46,409$45,996$45,593$45,199$44,815$44,236
2 years$22,975$22,547$22,132$21,730$21,340$20,758
3 years$15,164$14,735$14,321$13,923$13,539$12,972
4 years$11,260$10,832$10,422$10,031$9,656$9,108
5 years$8,918$8,492$8,088$7,704$7,341$6,813
6 years$7,357$6,934$6,536$6,161$5,808$5,302
7 years$6,243$5,824$5,432$5,066$4,724$4,239
8 years$5,407$4,992$4,607$4,249$3,919$3,455
9 years$4,758$4,346$3,968$3,620$3,300$2,857
10 years$4,238$3,831$3,459$3,120$2,812$2,390
11 years$3,814$3,411$3,045$2,715$2,418$2,017
12 years$3,460$3,061$2,703$2,382$2,096$1,714
13 years$3,161$2,766$2,415$2,103$1,827$1,465
14 years$2,905$2,515$2,170$1,867$1,602$1,259
15 years$2,684$2,297$1,959$1,665$1,410$1,086
16 years$2,490$2,108$1,776$1,491$1,247$940
17 years$2,319$1,941$1,616$1,339$1,105$815
18 years$2,167$1,794$1,475$1,207$983$709
19 years$2,032$1,662$1,350$1,091$876$618
20 years$1,910$1,545$1,239$988$782$540
21 years$1,800$1,439$1,140$896$700$472
22 years$1,700$1,343$1,051$815$628$414
23 years$1,609$1,256$970$742$563$363
24 years$1,526$1,177$897$677$506$319
25 years$1,449$1,104$831$618$456$280
26 years$1,378$1,038$771$565$410$246
27 years$1,313$977$716$517$370$217
28 years$1,253$921$665$474$334$191
29 years$1,196$868$619$435$302$168
30 years$1,144$820$577$399$272$148
31 years$1,095$775$538$366$246$130
32 years$1,049$734$502$337$223$115
33 years$1,006$695$468$310$202$101
34 years$966$658$438$285$183$90
35 years$928$625$409$262$165$79
36 years$893$593$383$242$150$70
37 years$859$563$358$223$136$62
38 years$827$535$335$205$123$54
39 years$797$509$314$189$112$48
40 years$768$484$295$174$101$42
41 years$741$461$276$161$92$37
42 years$716$439$259$149$83$33
43 years$691$418$243$137$76$29
44 years$668$399$228$127$69$26
45 years$646$380$214$117$62$23
46 years$624$363$201$108$57$20
47 years$604$346$189$100$51$18
48 years$585$330$178$92$47$16
49 years$566$315$167$85$42$14
50 years$549$301$157$79$39$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $562,000, adding $6,679 every year, while hoping to spend $23,953 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: 28/46/26 Blend
65$562,000$562,000$562,000$562,000
66$626,213$596,427$587,716$638,538
67$664,601$600,167$581,919$652,566
68$706,102$603,286$575,125$665,099
69$751,008$605,730$567,275$678,074
70$799,640$607,440$558,308$691,547
71$852,351$608,353$548,159$705,577
72$909,530$608,401$536,761$720,236
73$971,604$607,515$524,045$735,600
74$1,039,042$605,618$509,935$751,760
75$1,112,362$602,630$494,355$768,815
76$1,192,131$598,468$477,224$786,879
77$1,278,976$593,040$458,458$806,077
78$1,373,583$586,251$437,969$826,553
79$1,476,712$578,001$415,664$848,467
80$1,589,195$568,181$391,448$871,999
81$1,711,950$556,679$365,218$897,350
82$1,845,987$543,374$336,871$924,745
83$1,992,417$528,139$306,295$954,436
84$2,152,464$510,838$273,377$986,706
85$2,327,476$491,330$237,995$1,021,868
86$2,518,936$469,462$200,026$1,060,274
87$2,728,478$445,076$159,337$1,102,316
88$2,957,900$418,003$115,793$1,148,431
89$3,209,184$388,063$69,249$1,199,105
90$3,484,510$355,067$19,559$1,254,881
91$3,786,281$318,817$0$1,316,361
92$4,117,143$279,100$0$1,393,503
93$4,480,010$235,694$0$1,484,159
94$4,878,091$188,363$0$1,583,777
95$5,314,922$136,858$0$1,693,324
96$5,794,396$80,917$0$1,813,877
97$6,320,803$20,260$0$1,946,624
98$6,898,868$0$0$2,092,881
99$7,533,796$0$0$2,277,087
100$8,231,321$0$0$2,490,818