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%13.9%
1 years$50,291$49,843$49,406$48,979$48,563$47,778
2 years$24,896$24,433$23,983$23,548$23,125$22,336
3 years$16,433$15,967$15,519$15,087$14,671$13,904
4 years$12,202$11,737$11,294$10,869$10,464$9,723
5 years$9,664$9,202$8,764$8,349$7,954$7,242
6 years$7,972$7,514$7,083$6,677$6,294$5,612
7 years$6,765$6,311$5,886$5,489$5,119$4,466
8 years$5,859$5,409$4,992$4,605$4,247$3,624
9 years$5,156$4,710$4,299$3,922$3,576$2,983
10 years$4,593$4,151$3,748$3,381$3,047$2,483
11 years$4,133$3,696$3,300$2,942$2,621$2,085
12 years$3,750$3,317$2,929$2,581$2,271$1,763
13 years$3,426$2,998$2,617$2,279$1,980$1,499
14 years$3,148$2,725$2,351$2,023$1,736$1,281
15 years$2,908$2,489$2,123$1,804$1,528$1,099
16 years$2,698$2,284$1,924$1,615$1,351$946
17 years$2,513$2,103$1,751$1,451$1,198$816
18 years$2,349$1,944$1,599$1,308$1,065$706
19 years$2,202$1,801$1,463$1,182$949$612
20 years$2,070$1,674$1,343$1,070$848$531
21 years$1,951$1,559$1,235$971$759$462
22 years$1,842$1,455$1,139$883$680$402
23 years$1,743$1,361$1,051$804$611$350
24 years$1,653$1,275$972$734$549$306
25 years$1,570$1,197$901$670$494$267
26 years$1,494$1,125$835$613$445$233
27 years$1,423$1,059$776$561$401$204
28 years$1,357$998$721$514$362$178
29 years$1,296$941$671$471$327$156
30 years$1,240$889$625$432$295$137
31 years$1,187$840$583$397$267$120
32 years$1,137$795$544$365$241$105
33 years$1,091$753$508$336$219$92
34 years$1,047$713$474$309$198$80
35 years$1,006$677$443$284$179$71
36 years$967$642$415$262$162$62
37 years$931$610$388$241$147$54
38 years$896$580$364$222$133$48
39 years$864$551$341$205$121$42
40 years$833$525$319$189$110$37
41 years$803$499$299$174$100$32
42 years$775$476$281$161$90$28
43 years$749$453$263$149$82$25
44 years$724$432$247$137$74$22
45 years$700$412$232$127$68$19
46 years$677$393$218$117$61$17
47 years$655$375$205$108$56$15
48 years$634$358$193$100$51$13
49 years$614$342$181$92$46$11
50 years$595$326$170$85$42$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $609,000, adding $6,002 every year, while hoping to spend $45,906 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: 51/32/17 Blend
65$609,000$609,000$609,000$609,000
66$677,309$645,032$635,593$708,402
67$697,551$627,795$608,041$713,191
68$718,319$608,175$578,028$713,116
69$739,618$586,006$545,423$712,033
70$761,453$561,114$510,089$709,861
71$783,826$533,314$471,882$706,515
72$806,740$502,410$430,653$701,903
73$830,194$468,194$386,247$695,929
74$854,187$430,449$338,499$688,490
75$878,716$388,943$287,241$679,478
76$903,775$343,431$232,293$668,775
77$929,356$293,655$173,471$656,258
78$955,449$239,342$110,581$641,795
79$982,038$180,204$43,419$625,246
80$1,009,108$115,936$0$606,462
81$1,036,636$46,216$0$590,410
82$1,064,597$0$0$580,534
83$1,092,959$0$0$579,128
84$1,121,688$0$0$594,167
85$1,150,740$0$0$609,353
86$1,180,067$0$0$624,658
87$1,209,612$0$0$640,048
88$1,239,309$0$0$655,485
89$1,269,084$0$0$670,927
90$1,298,852$0$0$686,324
91$1,328,517$0$0$701,621
92$1,357,969$0$0$716,755
93$1,387,084$0$0$731,655
94$1,415,723$0$0$746,242
95$1,443,729$0$0$760,424
96$1,470,925$0$0$774,103
97$1,497,112$0$0$787,164
98$1,522,069$0$0$799,482
99$1,545,548$0$0$810,916
100$1,567,272$0$0$821,306