Can I retire at age 65 with 661,000?

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 $661,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.4%
1 years$54,585$54,099$53,624$53,161$52,709$52,399
2 years$27,022$26,519$26,031$25,558$25,100$24,787
3 years$17,836$17,330$16,844$16,375$15,924$15,618
4 years$13,244$12,740$12,258$11,798$11,357$11,061
5 years$10,489$9,988$9,513$9,062$8,634$8,347
6 years$8,653$8,156$7,688$7,247$6,831$6,555
7 years$7,342$6,849$6,389$5,958$5,556$5,290
8 years$6,360$5,871$5,418$4,998$4,609$4,354
9 years$5,596$5,112$4,666$4,257$3,882$3,637
10 years$4,985$4,506$4,068$3,670$3,307$3,074
11 years$4,486$4,011$3,582$3,194$2,844$2,621
12 years$4,070$3,600$3,179$2,801$2,465$2,252
13 years$3,718$3,254$2,840$2,473$2,149$1,946
14 years$3,417$2,958$2,552$2,195$1,884$1,691
15 years$3,156$2,702$2,304$1,958$1,659$1,475
16 years$2,928$2,479$2,089$1,753$1,466$1,291
17 years$2,728$2,283$1,901$1,575$1,300$1,134
18 years$2,549$2,109$1,735$1,420$1,156$999
19 years$2,390$1,955$1,588$1,283$1,030$881
20 years$2,247$1,817$1,458$1,162$920$779
21 years$2,117$1,692$1,341$1,054$824$690
22 years$2,000$1,580$1,236$959$738$613
23 years$1,892$1,477$1,141$873$663$544
24 years$1,794$1,384$1,055$796$596$484
25 years$1,704$1,299$977$727$536$431
26 years$1,621$1,221$906$665$483$384
27 years$1,544$1,149$842$609$435$342
28 years$1,473$1,083$783$558$393$306
29 years$1,407$1,021$728$511$355$273
30 years$1,346$965$678$469$320$244
31 years$1,288$912$632$431$290$218
32 years$1,234$863$590$396$262$195
33 years$1,184$817$551$364$237$174
34 years$1,136$774$515$335$215$156
35 years$1,092$735$481$309$194$140
36 years$1,050$697$450$284$176$125
37 years$1,010$662$421$262$160$112
38 years$973$629$395$241$145$100
39 years$937$598$370$222$131$90
40 years$904$569$346$205$119$81
41 years$872$542$325$189$108$72
42 years$842$516$305$175$98$65
43 years$813$492$286$161$89$58
44 years$785$469$268$149$81$52
45 years$759$447$252$138$73$47
46 years$734$426$237$127$67$42
47 years$711$407$222$117$60$38
48 years$688$388$209$108$55$34
49 years$666$371$196$100$50$30
50 years$645$354$185$93$45$27

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $661,000, adding $4,448 every year, while hoping to spend $40,215 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: 60/10/30 Blend
64$661,000$661,000$661,000$661,000
65$733,010$697,977$687,732$770,766
66$764,989$689,390$667,982$788,494
67$798,881$679,033$646,223$803,173
68$834,841$666,779$622,345$818,367
69$873,034$652,491$596,233$834,134
70$913,643$636,023$567,767$850,545
71$956,869$617,222$536,821$867,675
72$1,002,930$595,927$503,265$885,612
73$1,052,066$571,964$466,961$904,454
74$1,104,538$545,152$427,767$924,312
75$1,160,636$515,299$385,532$945,309
76$1,220,674$482,202$340,100$967,584
77$1,284,998$445,645$291,308$991,292
78$1,353,987$405,401$238,986$1,016,608
79$1,428,057$361,229$182,956$1,043,726
80$1,507,665$312,876$123,032$1,072,865
81$1,593,313$260,072$59,019$1,104,267
82$1,685,550$202,536$0$1,138,205
83$1,784,982$139,966$0$1,177,956
84$1,892,273$72,046$0$1,241,238
85$2,008,151$0$0$1,309,585
86$2,133,420$0$0$1,383,661
87$2,268,959$0$0$1,472,431
88$2,415,739$0$0$1,568,605
89$2,574,823$0$0$1,672,888
90$2,747,383$0$0$1,786,053
91$2,934,707$0$0$1,908,951
92$3,138,212$0$0$2,042,517
93$3,359,455$0$0$2,187,780
94$3,600,151$0$0$2,345,873
95$3,862,186$0$0$2,518,043
96$4,147,636$0$0$2,705,659
97$4,458,784$0$0$2,910,232
98$4,798,144$0$0$3,133,423
99$5,168,482$0$0$3,377,059
100$5,572,844$0$0$3,643,152