Can I retire at age 66 with 571,000?

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 $571,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$47,153$46,733$46,323$45,923$45,532$45,283
2 years$23,343$22,908$22,487$22,078$21,682$21,431
3 years$15,407$14,971$14,550$14,146$13,756$13,510
4 years$11,440$11,005$10,589$10,191$9,811$9,573
5 years$9,061$8,628$8,218$7,828$7,458$7,228
6 years$7,475$7,046$6,641$6,260$5,901$5,680
7 years$6,343$5,917$5,519$5,147$4,799$4,586
8 years$5,494$5,072$4,680$4,317$3,982$3,777
9 years$4,834$4,416$4,031$3,677$3,353$3,157
10 years$4,306$3,892$3,514$3,170$2,857$2,669
11 years$3,875$3,465$3,094$2,759$2,457$2,278
12 years$3,516$3,110$2,746$2,420$2,129$1,958
13 years$3,212$2,811$2,453$2,136$1,857$1,693
14 years$2,952$2,555$2,204$1,896$1,628$1,472
15 years$2,727$2,334$1,990$1,691$1,433$1,285
16 years$2,530$2,141$1,804$1,514$1,267$1,126
17 years$2,356$1,972$1,642$1,361$1,123$989
18 years$2,202$1,822$1,499$1,226$999$872
19 years$2,064$1,689$1,372$1,108$890$770
20 years$1,941$1,569$1,259$1,004$795$681
21 years$1,829$1,462$1,158$911$711$604
22 years$1,727$1,365$1,068$828$638$536
23 years$1,635$1,276$986$754$572$477
24 years$1,550$1,196$912$688$515$424
25 years$1,472$1,122$844$628$463$378
26 years$1,400$1,055$783$574$417$337
27 years$1,334$993$727$526$376$301
28 years$1,273$935$676$482$339$269
29 years$1,216$882$629$442$306$240
30 years$1,162$833$586$405$277$215
31 years$1,113$788$546$372$250$192
32 years$1,066$745$510$342$226$172
33 years$1,023$706$476$315$205$154
34 years$982$669$445$290$185$138
35 years$943$635$416$267$168$124
36 years$907$602$389$245$152$111
37 years$873$572$364$226$138$99
38 years$840$544$341$208$125$89
39 years$810$517$319$192$113$80
40 years$781$492$299$177$103$72
41 years$753$468$281$164$93$64
42 years$727$446$263$151$85$58
43 years$702$425$247$139$77$52
44 years$678$405$232$129$70$46
45 years$656$386$218$119$63$42
46 years$634$368$205$110$58$37
47 years$614$352$192$101$52$34
48 years$594$336$181$94$47$30
49 years$575$320$170$87$43$27
50 years$557$306$160$80$39$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $571,000, adding $4,412 every year, while hoping to spend $47,213 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: 30/49/21 Blend
65$571,000$571,000$571,000$571,000
66$633,793$603,530$594,679$648,538
67$648,206$582,869$564,367$639,481
68$662,506$559,613$531,457$625,210
69$676,633$533,585$495,812$608,866
70$690,517$504,598$457,289$590,299
71$704,080$472,454$415,739$569,351
72$717,236$436,944$371,005$545,849
73$729,885$397,846$322,926$519,613
74$741,919$354,926$271,329$490,449
75$753,215$307,937$216,038$458,152
76$763,634$256,617$156,867$422,501
77$773,025$200,691$93,622$383,261
78$781,215$139,867$26,100$340,183
79$788,015$73,836$0$293,000
80$793,213$2,275$0$251,723
81$796,573$0$0$212,663
82$797,833$0$0$210,218
83$796,702$0$0$208,157
84$792,856$0$0$205,146
85$785,937$0$0$201,064
86$775,547$0$0$195,778
87$761,245$0$0$189,140
88$742,542$0$0$180,987
89$718,895$0$0$171,138
90$689,706$0$0$159,393
91$654,311$0$0$145,529
92$611,974$0$0$129,303
93$561,883$0$0$110,443
94$503,139$0$0$88,650
95$434,747$0$0$63,592
96$355,608$0$0$34,904
97$264,507$0$0$2,183
98$160,102$0$0$0
99$40,908$0$0$0
100$0$0$0$0