Can I retire at age 66 with 607,000?

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 $607,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.2%
1 years$50,125$49,679$49,243$48,818$48,403$47,759
2 years$24,815$24,352$23,905$23,470$23,049$22,401
3 years$16,379$15,915$15,468$15,038$14,623$13,991
4 years$12,162$11,699$11,257$10,834$10,429$9,819
5 years$9,632$9,172$8,736$8,321$7,928$7,341
6 years$7,946$7,490$7,060$6,655$6,273$5,709
7 years$6,742$6,290$5,867$5,471$5,102$4,562
8 years$5,840$5,392$4,975$4,590$4,233$3,716
9 years$5,139$4,694$4,285$3,909$3,564$3,072
10 years$4,578$4,138$3,736$3,370$3,037$2,568
11 years$4,119$3,684$3,289$2,933$2,612$2,165
12 years$3,737$3,306$2,919$2,572$2,263$1,839
13 years$3,414$2,988$2,608$2,271$1,974$1,571
14 years$3,138$2,716$2,343$2,016$1,730$1,349
15 years$2,899$2,481$2,116$1,798$1,523$1,163
16 years$2,689$2,276$1,918$1,610$1,346$1,005
17 years$2,505$2,096$1,745$1,446$1,194$872
18 years$2,341$1,937$1,593$1,304$1,061$758
19 years$2,195$1,795$1,459$1,178$946$660
20 years$2,063$1,668$1,339$1,067$845$576
21 years$1,944$1,554$1,231$968$756$504
22 years$1,836$1,451$1,135$880$678$441
23 years$1,738$1,357$1,048$802$609$386
24 years$1,648$1,271$969$731$547$339
25 years$1,565$1,193$898$668$492$298
26 years$1,489$1,121$832$611$443$261
27 years$1,418$1,055$773$559$400$230
28 years$1,353$994$719$512$361$202
29 years$1,292$938$669$470$326$178
30 years$1,236$886$623$431$294$157
31 years$1,183$837$581$396$266$138
32 years$1,133$792$542$364$241$122
33 years$1,087$750$506$334$218$107
34 years$1,044$711$473$308$197$94
35 years$1,003$675$442$283$179$83
36 years$964$640$413$261$162$73
37 years$928$608$387$240$147$65
38 years$893$578$362$222$133$57
39 years$861$549$339$204$121$50
40 years$830$523$318$188$109$45
41 years$801$498$298$174$99$39
42 years$773$474$280$160$90$35
43 years$746$452$263$148$82$31
44 years$721$430$247$137$74$27
45 years$697$410$231$126$67$24
46 years$674$392$217$117$61$21
47 years$653$374$204$108$56$19
48 years$632$357$192$100$50$16
49 years$612$341$180$92$46$15
50 years$593$325$170$85$42$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $607,000, adding $3,846 every year, while hoping to spend $24,554 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: 43/35/22 Blend
65$607,000$607,000$607,000$607,000
66$672,881$640,710$631,302$697,356
67$715,390$645,980$626,325$720,360
68$761,411$650,684$620,359$742,595
69$811,278$654,771$613,344$766,188
70$865,356$658,182$605,218$791,278
71$924,046$660,857$595,917$818,018
72$987,791$662,732$585,373$846,579
73$1,057,078$663,737$573,514$877,150
74$1,132,440$663,800$560,267$909,940
75$1,214,466$662,844$545,554$945,182
76$1,303,805$660,787$529,293$983,136
77$1,401,168$657,540$511,399$1,024,086
78$1,507,341$653,013$491,784$1,068,352
79$1,623,185$647,106$470,354$1,116,284
80$1,749,651$639,715$447,013$1,168,272
81$1,887,785$630,731$421,657$1,224,749
82$2,038,739$620,037$394,182$1,286,193
83$2,203,779$607,507$364,476$1,353,134
84$2,384,302$593,013$332,424$1,426,160
85$2,581,844$576,413$297,903$1,505,919
86$2,798,097$557,562$260,788$1,593,131
87$3,034,924$536,304$220,945$1,688,591
88$3,294,377$512,474$178,238$1,793,181
89$3,578,717$485,898$132,522$1,907,874
90$3,890,430$456,392$83,646$2,033,748
91$4,232,259$423,760$31,453$2,171,994
92$4,607,222$387,797$0$2,323,930
93$5,018,645$348,285$0$2,496,705
94$5,470,189$304,994$0$2,694,486
95$5,965,890$257,680$0$2,911,705
96$6,510,191$206,086$0$3,150,374
97$7,107,988$149,942$0$3,412,711
98$7,764,674$88,960$0$3,701,166
99$8,486,189$22,837$0$4,018,444
100$9,279,078$0$0$4,367,528