Can I retire at age 66 with 600,000?

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 $600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11%
1 years$49,547$49,106$48,676$48,255$47,845$47,643
2 years$24,528$24,072$23,629$23,200$22,783$22,580
3 years$16,190$15,731$15,289$14,864$14,455$14,255
4 years$12,021$11,564$11,127$10,709$10,309$10,116
5 years$9,521$9,066$8,635$8,225$7,837$7,650
6 years$7,855$7,403$6,978$6,578$6,201$6,021
7 years$6,665$6,217$5,799$5,408$5,043$4,870
8 years$5,773$5,329$4,918$4,537$4,184$4,017
9 years$5,079$4,640$4,236$3,864$3,523$3,364
10 years$4,525$4,090$3,693$3,331$3,002$2,849
11 years$4,072$3,641$3,251$2,899$2,582$2,436
12 years$3,694$3,268$2,885$2,543$2,237$2,098
13 years$3,375$2,953$2,578$2,245$1,951$1,818
14 years$3,102$2,685$2,316$1,993$1,710$1,583
15 years$2,865$2,452$2,091$1,777$1,506$1,385
16 years$2,658$2,250$1,896$1,591$1,331$1,216
17 years$2,476$2,072$1,725$1,430$1,180$1,071
18 years$2,314$1,915$1,575$1,289$1,049$945
19 years$2,169$1,775$1,442$1,164$935$837
20 years$2,039$1,649$1,323$1,054$835$742
21 years$1,922$1,536$1,217$957$748$659
22 years$1,815$1,434$1,122$870$670$587
23 years$1,718$1,341$1,036$792$601$523
24 years$1,629$1,256$958$723$541$466
25 years$1,547$1,179$887$660$486$416
26 years$1,472$1,108$823$604$438$372
27 years$1,402$1,043$764$552$395$333
28 years$1,337$983$710$506$356$298
29 years$1,277$927$661$464$322$267
30 years$1,221$876$616$426$291$239
31 years$1,169$828$574$391$263$215
32 years$1,120$783$536$360$238$193
33 years$1,075$742$500$331$215$173
34 years$1,032$703$467$304$195$155
35 years$991$667$437$280$177$139
36 years$953$633$409$258$160$125
37 years$917$601$382$238$145$113
38 years$883$571$358$219$131$101
39 years$851$543$336$202$119$91
40 years$820$517$315$186$108$82
41 years$791$492$295$172$98$74
42 years$764$468$277$159$89$66
43 years$738$446$260$146$81$60
44 years$713$425$244$135$73$54
45 years$689$406$229$125$67$48
46 years$667$387$215$115$60$43
47 years$645$369$202$107$55$39
48 years$624$353$190$98$50$35
49 years$605$337$178$91$45$32
50 years$586$322$168$84$41$29

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $600,000, adding $6,457 every year, while hoping to spend $41,749 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: 57/13/30 Blend
65$600,000$600,000$600,000$600,000
66$667,860$636,060$626,760$700,080
67$691,562$622,807$603,336$709,706
68$716,281$607,504$577,728$715,311
69$742,078$590,009$549,819$720,584
70$769,018$570,167$519,486$725,507
71$797,171$547,818$486,601$730,061
72$826,610$522,789$451,030$734,229
73$857,419$494,900$412,634$737,995
74$889,685$463,959$371,266$741,343
75$923,503$429,764$326,774$744,257
76$958,977$392,099$278,998$746,724
77$996,220$350,739$227,772$748,733
78$1,035,354$305,445$172,921$750,273
79$1,076,511$255,963$114,265$751,339
80$1,119,836$202,026$51,614$751,924
81$1,165,486$143,352$0$752,028
82$1,213,633$79,643$0$756,535
83$1,264,462$10,584$0$778,521
84$1,318,178$0$0$801,528
85$1,375,002$0$0$834,826
86$1,435,176$0$0$871,715
87$1,498,966$0$0$910,846
88$1,566,661$0$0$952,400
89$1,638,577$0$0$996,575
90$1,715,060$0$0$1,043,588
91$1,796,488$0$0$1,093,675
92$1,883,277$0$0$1,147,095
93$1,975,880$0$0$1,204,133
94$2,074,795$0$0$1,265,100
95$2,180,566$0$0$1,330,337
96$2,293,792$0$0$1,400,218
97$2,415,126$0$0$1,475,154
98$2,545,290$0$0$1,555,596
99$2,685,070$0$0$1,642,036
100$2,835,332$0$0$1,735,018