Can I retire at age 66 with 600,000?

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 $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%12.7%
1 years$49,547$49,106$48,676$48,255$47,845$47,306
2 years$24,528$24,072$23,629$23,200$22,783$22,241
3 years$16,190$15,731$15,289$14,864$14,455$13,925
4 years$12,021$11,564$11,127$10,709$10,309$9,797
5 years$9,521$9,066$8,635$8,225$7,837$7,344
6 years$7,855$7,403$6,978$6,578$6,201$5,727
7 years$6,665$6,217$5,799$5,408$5,043$4,589
8 years$5,773$5,329$4,918$4,537$4,184$3,749
9 years$5,079$4,640$4,236$3,864$3,523$3,108
10 years$4,525$4,090$3,693$3,331$3,002$2,606
11 years$4,072$3,641$3,251$2,899$2,582$2,204
12 years$3,694$3,268$2,885$2,543$2,237$1,878
13 years$3,375$2,953$2,578$2,245$1,951$1,610
14 years$3,102$2,685$2,316$1,993$1,710$1,387
15 years$2,865$2,452$2,091$1,777$1,506$1,199
16 years$2,658$2,250$1,896$1,591$1,331$1,041
17 years$2,476$2,072$1,725$1,430$1,180$906
18 years$2,314$1,915$1,575$1,289$1,049$790
19 years$2,169$1,775$1,442$1,164$935$691
20 years$2,039$1,649$1,323$1,054$835$605
21 years$1,922$1,536$1,217$957$748$531
22 years$1,815$1,434$1,122$870$670$467
23 years$1,718$1,341$1,036$792$601$410
24 years$1,629$1,256$958$723$541$361
25 years$1,547$1,179$887$660$486$318
26 years$1,472$1,108$823$604$438$281
27 years$1,402$1,043$764$552$395$248
28 years$1,337$983$710$506$356$219
29 years$1,277$927$661$464$322$194
30 years$1,221$876$616$426$291$171
31 years$1,169$828$574$391$263$151
32 years$1,120$783$536$360$238$134
33 years$1,075$742$500$331$215$118
34 years$1,032$703$467$304$195$105
35 years$991$667$437$280$177$93
36 years$953$633$409$258$160$82
37 years$917$601$382$238$145$73
38 years$883$571$358$219$131$65
39 years$851$543$336$202$119$57
40 years$820$517$315$186$108$51
41 years$791$492$295$172$98$45
42 years$764$468$277$159$89$40
43 years$738$446$260$146$81$35
44 years$713$425$244$135$73$31
45 years$689$406$229$125$67$28
46 years$667$387$215$115$60$25
47 years$645$369$202$107$55$22
48 years$624$353$190$98$50$19
49 years$605$337$178$91$45$17
50 years$586$322$168$84$41$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $600,000, adding $3,437 every year, while hoping to spend $24,884 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: 81/14/5 Blend
65$600,000$600,000$600,000$600,000
66$664,745$632,945$623,645$718,223
67$706,073$637,483$618,061$758,227
68$750,782$641,409$611,456$798,447
69$799,191$644,668$603,769$841,817
70$851,650$647,199$594,937$888,640
71$908,545$648,938$584,894$939,245
72$970,300$649,818$573,570$993,999
73$1,037,379$649,768$560,894$1,053,301
74$1,110,295$648,711$546,787$1,117,595
75$1,189,613$646,565$531,173$1,187,369
76$1,275,953$643,246$513,966$1,263,158
77$1,369,996$638,661$495,080$1,345,554
78$1,472,495$632,715$474,424$1,435,209
79$1,584,275$625,304$451,904$1,532,842
80$1,706,247$616,320$427,418$1,639,242
81$1,839,412$605,647$400,865$1,755,282
82$1,984,873$593,164$372,134$1,881,922
83$2,143,842$578,741$341,113$2,020,221
84$2,317,657$562,242$307,682$2,171,346
85$2,507,787$543,522$271,719$2,336,581
86$2,715,853$522,426$233,094$2,517,344
87$2,943,639$498,793$191,671$2,715,196
88$3,193,107$472,452$147,309$2,931,857
89$3,466,422$443,220$99,862$3,169,224
90$3,765,965$410,906$49,176$3,429,388
91$4,094,360$375,306$0$3,714,652
92$4,454,495$336,207$0$4,027,816
93$4,849,553$293,380$0$4,374,235
94$5,283,039$246,587$0$4,754,375
95$5,758,813$195,575$0$5,171,645
96$6,281,130$140,075$0$5,629,803
97$6,854,672$79,806$0$6,132,988
98$7,484,601$14,469$0$6,685,763
99$8,176,601$0$0$7,293,157
100$8,936,936$0$0$7,969,376