Can I retire at age 66 with 605,000?

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 $605,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.6%
1 years$49,960$49,515$49,081$48,657$48,244$47,135
2 years$24,733$24,272$23,826$23,393$22,973$21,862
3 years$16,325$15,862$15,417$14,988$14,575$13,497
4 years$12,122$11,660$11,220$10,798$10,395$9,357
5 years$9,600$9,142$8,707$8,294$7,902$6,908
6 years$7,920$7,465$7,036$6,633$6,253$5,304
7 years$6,720$6,269$5,847$5,453$5,085$4,181
8 years$5,821$5,374$4,959$4,575$4,219$3,359
9 years$5,122$4,679$4,271$3,896$3,553$2,737
10 years$4,563$4,124$3,724$3,359$3,027$2,254
11 years$4,106$3,672$3,278$2,923$2,603$1,873
12 years$3,725$3,295$2,909$2,564$2,256$1,566
13 years$3,403$2,978$2,599$2,264$1,967$1,317
14 years$3,128$2,707$2,336$2,009$1,725$1,112
15 years$2,889$2,473$2,109$1,792$1,518$943
16 years$2,680$2,269$1,912$1,605$1,342$802
17 years$2,497$2,089$1,740$1,442$1,190$684
18 years$2,333$1,931$1,588$1,299$1,058$584
19 years$2,187$1,789$1,454$1,174$943$500
20 years$2,056$1,663$1,334$1,063$842$428
21 years$1,938$1,549$1,227$965$754$368
22 years$1,830$1,446$1,131$877$676$316
23 years$1,732$1,352$1,044$799$607$272
24 years$1,642$1,267$966$729$545$234
25 years$1,560$1,189$895$666$491$201
26 years$1,484$1,117$830$609$442$174
27 years$1,414$1,052$770$557$398$150
28 years$1,348$991$716$510$359$129
29 years$1,288$935$667$468$325$111
30 years$1,232$883$621$430$293$96
31 years$1,179$835$579$394$265$83
32 years$1,130$790$540$363$240$72
33 years$1,083$748$504$333$217$62
34 years$1,040$709$471$307$197$54
35 years$999$672$440$282$178$46
36 years$961$638$412$260$161$40
37 years$925$606$386$240$146$35
38 years$890$576$361$221$133$30
39 years$858$548$338$204$120$26
40 years$827$521$317$188$109$22
41 years$798$496$297$173$99$19
42 years$770$472$279$160$90$17
43 years$744$450$262$148$81$14
44 years$719$429$246$136$74$13
45 years$695$409$231$126$67$11
46 years$672$390$217$116$61$9
47 years$650$372$204$107$55$8
48 years$630$356$191$99$50$7
49 years$610$340$180$92$46$6
50 years$591$324$169$85$41$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $605,000, adding $4,102 every year, while hoping to spend $28,004 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: 43/37/20 Blend
65$605,000$605,000$605,000$605,000
66$670,941$638,876$629,499$695,726
67$709,581$640,385$620,791$715,159
68$751,224$641,029$610,853$733,152
69$796,146$640,737$599,614$752,069
70$844,651$639,432$586,999$772,008
71$897,074$637,032$572,932$793,081
72$953,782$633,453$557,331$815,412
73$1,015,178$628,602$540,112$839,138
74$1,081,705$622,383$521,185$864,414
75$1,153,852$614,693$500,458$891,413
76$1,232,156$605,424$477,834$920,326
77$1,317,205$594,459$453,211$951,368
78$1,409,650$581,677$426,483$984,776
79$1,510,204$566,949$397,540$1,020,816
80$1,619,652$550,137$366,265$1,059,783
81$1,738,860$531,097$332,539$1,102,006
82$1,868,778$509,675$296,233$1,147,850
83$2,010,453$485,709$257,216$1,197,720
84$2,165,038$459,027$215,351$1,252,068
85$2,333,800$429,447$170,494$1,311,393
86$2,518,135$396,778$122,493$1,376,253
87$2,719,580$360,816$71,192$1,447,265
88$2,939,828$321,346$16,427$1,525,112
89$3,180,741$278,142$0$1,610,555
90$3,444,370$230,965$0$1,713,401
91$3,732,973$179,560$0$1,829,943
92$4,049,039$123,661$0$1,957,745
93$4,395,305$62,984$0$2,097,995
94$4,774,788$0$0$2,252,007
95$5,190,810$0$0$2,422,358
96$5,647,030$0$0$2,637,365
97$6,147,477$0$0$2,873,293
98$6,696,589$0$0$3,132,244
99$7,299,256$0$0$3,416,532
100$7,960,864$0$0$3,728,709