Can I retire at age 65 with 666,000?

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 $666,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.5%
1 years$54,998$54,508$54,030$53,563$53,108$52,336
2 years$27,227$26,719$26,228$25,752$25,289$24,513
3 years$17,971$17,461$16,971$16,499$16,045$15,288
4 years$13,344$12,836$12,351$11,887$11,443$10,713
5 years$10,568$10,064$9,585$9,130$8,699$7,996
6 years$8,719$8,218$7,746$7,302$6,883$6,209
7 years$7,398$6,901$6,437$6,003$5,598$4,953
8 years$6,408$5,916$5,459$5,036$4,644$4,028
9 years$5,638$5,151$4,702$4,289$3,911$3,324
10 years$5,023$4,540$4,099$3,697$3,332$2,773
11 years$4,520$4,042$3,609$3,218$2,866$2,334
12 years$4,101$3,628$3,203$2,823$2,483$1,979
13 years$3,746$3,278$2,861$2,492$2,166$1,687
14 years$3,443$2,980$2,571$2,212$1,898$1,446
15 years$3,180$2,722$2,321$1,973$1,672$1,243
16 years$2,951$2,498$2,105$1,766$1,477$1,073
17 years$2,748$2,300$1,915$1,587$1,310$929
18 years$2,569$2,125$1,748$1,430$1,165$806
19 years$2,408$1,970$1,600$1,292$1,038$700
20 years$2,264$1,830$1,469$1,170$927$610
21 years$2,133$1,705$1,351$1,062$830$532
22 years$2,015$1,592$1,245$966$744$464
23 years$1,907$1,489$1,150$880$668$406
24 years$1,808$1,395$1,063$802$600$355
25 years$1,717$1,309$985$733$540$311
26 years$1,633$1,230$913$670$486$273
27 years$1,556$1,158$848$613$439$239
28 years$1,484$1,091$788$562$396$210
29 years$1,418$1,029$734$515$357$184
30 years$1,356$972$683$473$323$162
31 years$1,298$919$637$434$292$142
32 years$1,244$869$594$399$264$125
33 years$1,193$823$555$367$239$110
34 years$1,145$780$519$338$216$97
35 years$1,100$740$485$311$196$85
36 years$1,058$702$454$286$178$75
37 years$1,018$667$425$264$161$66
38 years$980$634$398$243$146$58
39 years$944$603$372$224$132$51
40 years$911$574$349$207$120$45
41 years$878$546$327$191$109$40
42 years$848$520$307$176$99$35
43 years$819$495$288$163$90$31
44 years$791$472$270$150$81$27
45 years$765$450$254$139$74$24
46 years$740$430$239$128$67$21
47 years$716$410$224$118$61$18
48 years$693$391$211$109$55$16
49 years$671$374$198$101$50$14
50 years$650$357$186$93$46$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $666,000, adding $3,240 every year, while hoping to spend $33,952 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: 78/11/11 Blend
64$666,000$666,000$666,000$666,000
65$737,274$701,976$691,653$793,067
66$776,351$700,248$678,699$828,482
67$818,277$697,298$664,173$862,628
68$863,304$693,029$647,986$899,104
69$911,714$687,340$630,046$938,126
70$963,813$680,124$610,257$979,937
71$1,019,938$671,266$588,516$1,024,800
72$1,080,459$660,645$564,719$1,073,008
73$1,145,782$648,133$538,753$1,124,883
74$1,216,354$633,594$510,504$1,180,780
75$1,292,666$616,884$479,850$1,241,091
76$1,375,258$597,851$446,665$1,306,248
77$1,464,722$576,334$410,816$1,376,727
78$1,561,712$552,162$372,166$1,453,054
79$1,666,943$525,154$330,570$1,535,808
80$1,781,204$495,120$285,877$1,625,627
81$1,905,364$461,858$237,931$1,723,216
82$2,040,376$425,154$186,567$1,829,353
83$2,187,290$384,783$131,613$1,944,895
84$2,347,262$340,505$72,890$2,070,786
85$2,521,562$292,069$10,211$2,208,068
86$2,711,589$239,208$0$2,357,893
87$2,918,883$181,641$0$2,528,179
88$3,145,139$119,071$0$2,715,385
89$3,392,221$51,184$0$2,919,877
90$3,662,184$0$0$3,143,383
91$3,957,287$0$0$3,390,510
92$4,280,020$0$0$3,667,571
93$4,633,123$0$0$3,970,726
94$5,019,614$0$0$4,302,569
95$5,442,815$0$0$4,665,955
96$5,906,385$0$0$5,064,028
97$6,414,354$0$0$5,500,253
98$6,971,160$0$0$5,978,443
99$7,581,690$0$0$6,502,799
100$8,251,327$0$0$7,077,948