Can I retire at age 66 with 609,000?

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 $609,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.2%
1 years$50,291$49,843$49,406$48,979$48,563$47,140
2 years$24,896$24,433$23,983$23,548$23,125$21,704
3 years$16,433$15,967$15,519$15,087$14,671$13,295
4 years$12,202$11,737$11,294$10,869$10,464$9,144
5 years$9,664$9,202$8,764$8,349$7,954$6,694
6 years$7,972$7,514$7,083$6,677$6,294$5,094
7 years$6,765$6,311$5,886$5,489$5,119$3,980
8 years$5,859$5,409$4,992$4,605$4,247$3,168
9 years$5,156$4,710$4,299$3,922$3,576$2,556
10 years$4,593$4,151$3,748$3,381$3,047$2,085
11 years$4,133$3,696$3,300$2,942$2,621$1,714
12 years$3,750$3,317$2,929$2,581$2,271$1,418
13 years$3,426$2,998$2,617$2,279$1,980$1,180
14 years$3,148$2,725$2,351$2,023$1,736$986
15 years$2,908$2,489$2,123$1,804$1,528$826
16 years$2,698$2,284$1,924$1,615$1,351$695
17 years$2,513$2,103$1,751$1,451$1,198$585
18 years$2,349$1,944$1,599$1,308$1,065$494
19 years$2,202$1,801$1,463$1,182$949$418
20 years$2,070$1,674$1,343$1,070$848$354
21 years$1,951$1,559$1,235$971$759$300
22 years$1,842$1,455$1,139$883$680$255
23 years$1,743$1,361$1,051$804$611$216
24 years$1,653$1,275$972$734$549$184
25 years$1,570$1,197$901$670$494$156
26 years$1,494$1,125$835$613$445$133
27 years$1,423$1,059$776$561$401$113
28 years$1,357$998$721$514$362$96
29 years$1,296$941$671$471$327$82
30 years$1,240$889$625$432$295$70
31 years$1,187$840$583$397$267$60
32 years$1,137$795$544$365$241$51
33 years$1,091$753$508$336$219$43
34 years$1,047$713$474$309$198$37
35 years$1,006$677$443$284$179$31
36 years$967$642$415$262$162$27
37 years$931$610$388$241$147$23
38 years$896$580$364$222$133$20
39 years$864$551$341$205$121$17
40 years$833$525$319$189$110$14
41 years$803$499$299$174$100$12
42 years$775$476$281$161$90$10
43 years$749$453$263$149$82$9
44 years$724$432$247$137$74$8
45 years$700$412$232$127$68$6
46 years$677$393$218$117$61$5
47 years$655$375$205$108$56$5
48 years$634$358$193$100$51$4
49 years$614$342$181$92$46$3
50 years$595$326$170$85$42$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $609,000, adding $5,022 every year, while hoping to spend $51,569 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: 46/43/11 Blend
65$609,000$609,000$609,000$609,000
66$676,298$644,021$634,582$705,099
67$690,412$620,709$600,971$702,221
68$704,236$594,527$564,506$693,397
69$717,688$565,278$525,037$682,664
70$730,673$532,758$482,407$669,862
71$743,086$496,747$436,451$654,823
72$754,808$457,014$387,000$637,361
73$765,707$413,317$333,873$617,281
74$775,636$365,397$276,885$594,369
75$784,431$312,981$215,840$568,398
76$791,907$255,782$150,535$539,122
77$797,861$193,494$80,758$506,275
78$802,066$125,799$6,286$469,574
79$804,269$52,354$0$428,710
80$804,188$0$0$391,942
81$801,513$0$0$364,538
82$795,896$0$0$360,375
83$786,955$0$0$354,485
84$774,263$0$0$346,652
85$757,348$0$0$336,633
86$735,686$0$0$324,163
87$708,700$0$0$308,947
88$675,748$0$0$290,658
89$636,119$0$0$268,935
90$589,028$0$0$243,378
91$533,607$0$0$213,545
92$468,895$0$0$178,947
93$393,829$0$0$139,044
94$307,236$0$0$93,239
95$207,817$0$0$40,873
96$94,138$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0