Can I retire at age 65 with 661,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%13.6%
1 years$54,585$54,099$53,624$53,161$52,709$51,921
2 years$27,022$26,519$26,031$25,558$25,100$24,308
3 years$17,836$17,330$16,844$16,375$15,924$15,153
4 years$13,244$12,740$12,258$11,798$11,357$10,612
5 years$10,489$9,988$9,513$9,062$8,634$7,917
6 years$8,653$8,156$7,688$7,247$6,831$6,145
7 years$7,342$6,849$6,389$5,958$5,556$4,899
8 years$6,360$5,871$5,418$4,998$4,609$3,982
9 years$5,596$5,112$4,666$4,257$3,882$3,283
10 years$4,985$4,506$4,068$3,670$3,307$2,738
11 years$4,486$4,011$3,582$3,194$2,844$2,303
12 years$4,070$3,600$3,179$2,801$2,465$1,951
13 years$3,718$3,254$2,840$2,473$2,149$1,663
14 years$3,417$2,958$2,552$2,195$1,884$1,423
15 years$3,156$2,702$2,304$1,958$1,659$1,224
16 years$2,928$2,479$2,089$1,753$1,466$1,055
17 years$2,728$2,283$1,901$1,575$1,300$913
18 years$2,549$2,109$1,735$1,420$1,156$791
19 years$2,390$1,955$1,588$1,283$1,030$687
20 years$2,247$1,817$1,458$1,162$920$598
21 years$2,117$1,692$1,341$1,054$824$521
22 years$2,000$1,580$1,236$959$738$455
23 years$1,892$1,477$1,141$873$663$397
24 years$1,794$1,384$1,055$796$596$347
25 years$1,704$1,299$977$727$536$304
26 years$1,621$1,221$906$665$483$266
27 years$1,544$1,149$842$609$435$233
28 years$1,473$1,083$783$558$393$204
29 years$1,407$1,021$728$511$355$179
30 years$1,346$965$678$469$320$157
31 years$1,288$912$632$431$290$138
32 years$1,234$863$590$396$262$121
33 years$1,184$817$551$364$237$107
34 years$1,136$774$515$335$215$94
35 years$1,092$735$481$309$194$82
36 years$1,050$697$450$284$176$72
37 years$1,010$662$421$262$160$64
38 years$973$629$395$241$145$56
39 years$937$598$370$222$131$49
40 years$904$569$346$205$119$43
41 years$872$542$325$189$108$38
42 years$842$516$305$175$98$34
43 years$813$492$286$161$89$29
44 years$785$469$268$149$81$26
45 years$759$447$252$138$73$23
46 years$734$426$237$127$67$20
47 years$711$407$222$117$60$18
48 years$688$388$209$108$55$16
49 years$666$371$196$100$50$14
50 years$645$354$185$93$45$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $661,000, adding $4,740 every year, while hoping to spend $50,655 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: 48/40/12 Blend
64$661,000$661,000$661,000$661,000
65$733,311$698,278$688,033$765,865
66$754,213$678,597$657,185$769,104
67$775,548$656,254$623,607$766,973
68$797,308$631,065$587,152$763,520
69$819,482$602,836$547,670$758,638
70$842,054$571,360$505,002$752,214
71$865,006$536,419$458,982$744,126
72$888,317$497,784$409,438$734,245
73$911,961$455,211$356,190$722,432
74$935,907$408,442$299,048$708,541
75$960,120$357,206$237,817$692,414
76$984,558$301,215$172,289$673,883
77$1,009,173$240,165$102,252$652,769
78$1,033,912$173,736$27,480$628,881
79$1,058,710$101,588$0$602,015
80$1,083,497$23,365$0$578,651
81$1,108,192$0$0$556,048
82$1,132,702$0$0$557,455
83$1,156,924$0$0$568,954
84$1,180,739$0$0$580,196
85$1,204,017$0$0$591,112
86$1,226,609$0$0$601,621
87$1,248,349$0$0$611,633
88$1,269,049$0$0$621,049
89$1,288,502$0$0$629,756
90$1,306,475$0$0$637,631
91$1,322,707$0$0$644,534
92$1,336,908$0$0$650,309
93$1,348,755$0$0$654,785
94$1,357,888$0$0$657,768
95$1,363,907$0$0$659,046
96$1,366,367$0$0$658,382
97$1,364,773$0$0$655,511
98$1,358,576$0$0$650,141
99$1,347,166$0$0$641,948
100$1,329,868$0$0$630,573