Can I retire at age 66 with 564,000?

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 $564,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.6%
1 years$46,575$46,160$45,755$45,360$44,974$44,486
2 years$23,057$22,627$22,211$21,808$21,416$20,925
3 years$15,218$14,787$14,372$13,972$13,587$13,108
4 years$11,300$10,870$10,459$10,066$9,691$9,227
5 years$8,950$8,522$8,117$7,732$7,367$6,920
6 years$7,383$6,959$6,560$6,183$5,829$5,399
7 years$6,265$5,844$5,451$5,084$4,741$4,329
8 years$5,426$5,010$4,623$4,265$3,933$3,538
9 years$4,775$4,362$3,982$3,632$3,312$2,935
10 years$4,253$3,845$3,471$3,131$2,822$2,462
11 years$3,827$3,423$3,056$2,725$2,427$2,084
12 years$3,473$3,072$2,712$2,390$2,103$1,777
13 years$3,173$2,776$2,423$2,110$1,834$1,524
14 years$2,916$2,524$2,177$1,873$1,608$1,314
15 years$2,693$2,305$1,966$1,671$1,416$1,137
16 years$2,499$2,115$1,782$1,496$1,251$987
17 years$2,327$1,948$1,622$1,344$1,109$860
18 years$2,175$1,800$1,480$1,211$986$751
19 years$2,039$1,668$1,355$1,094$879$657
20 years$1,917$1,550$1,244$991$785$576
21 years$1,806$1,444$1,144$900$703$506
22 years$1,706$1,348$1,054$818$630$445
23 years$1,615$1,261$974$745$565$391
24 years$1,531$1,181$900$679$508$345
25 years$1,454$1,108$834$620$457$304
26 years$1,383$1,042$773$567$412$268
27 years$1,318$980$718$519$371$237
28 years$1,257$924$668$476$335$210
29 years$1,201$871$621$436$303$185
30 years$1,148$823$579$400$273$164
31 years$1,099$778$540$368$247$145
32 years$1,053$736$503$338$224$129
33 years$1,010$697$470$311$202$114
34 years$970$661$439$286$183$101
35 years$932$627$411$263$166$89
36 years$896$595$384$242$150$79
37 years$862$565$360$223$136$70
38 years$830$537$337$206$124$62
39 years$800$511$315$190$112$55
40 years$771$486$296$175$102$49
41 years$744$462$277$162$92$44
42 years$718$440$260$149$84$39
43 years$693$420$244$138$76$34
44 years$670$400$229$127$69$30
45 years$648$381$215$117$63$27
46 years$627$364$202$108$57$24
47 years$606$347$190$100$52$21
48 years$587$331$178$93$47$19
49 years$568$317$168$86$43$17
50 years$551$302$158$79$39$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $564,000, adding $3,637 every year, while hoping to spend $25,873 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: 38/47/15 Blend
65$564,000$564,000$564,000$564,000
66$625,280$595,388$586,646$646,080
67$661,529$597,033$578,770$662,940
68$700,610$597,892$569,762$678,390
69$742,781$597,898$559,559$694,532
70$788,332$596,982$548,092$711,439
71$837,577$595,070$535,288$729,196
72$890,864$592,082$521,074$747,900
73$948,573$587,935$505,371$767,655
74$1,011,124$582,540$488,097$788,581
75$1,078,978$575,804$469,168$810,811
76$1,152,642$567,626$448,493$834,496
77$1,232,673$557,901$425,979$859,801
78$1,319,684$546,517$401,528$886,914
79$1,414,351$533,356$375,038$916,043
80$1,517,416$518,291$346,403$947,420
81$1,629,696$501,191$315,511$981,305
82$1,752,090$481,914$282,245$1,017,987
83$1,885,587$460,312$246,484$1,057,788
84$2,031,276$436,227$208,101$1,101,067
85$2,190,357$409,492$166,963$1,148,224
86$2,364,148$379,932$122,931$1,199,702
87$2,554,103$347,361$75,861$1,255,996
88$2,761,821$311,581$25,602$1,317,656
89$2,989,063$272,384$0$1,385,291
90$3,237,768$229,552$0$1,464,068
91$3,510,071$182,851$0$1,554,916
92$3,808,324$132,036$0$1,654,599
93$4,135,115$76,848$0$1,764,071
94$4,493,297$17,014$0$1,884,392
95$4,886,011$0$0$2,016,734
96$5,316,714$0$0$2,187,095
97$5,789,218$0$0$2,383,722
98$6,307,718$0$0$2,599,571
99$6,876,838$0$0$2,836,577
100$7,501,668$0$0$3,096,871