Can I retire at age 66 with 610,000?

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 $610,000?

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$50,373$49,925$49,487$49,059$48,642$48,094
2 years$24,937$24,473$24,023$23,586$23,163$22,611
3 years$16,460$15,993$15,544$15,112$14,696$14,157
4 years$12,222$11,757$11,312$10,887$10,481$9,960
5 years$9,680$9,217$8,779$8,363$7,967$7,466
6 years$7,985$7,527$7,095$6,688$6,304$5,823
7 years$6,776$6,321$5,896$5,498$5,127$4,665
8 years$5,869$5,418$5,000$4,612$4,253$3,812
9 years$5,164$4,718$4,306$3,929$3,582$3,160
10 years$4,600$4,158$3,754$3,387$3,052$2,649
11 years$4,140$3,702$3,305$2,947$2,625$2,241
12 years$3,756$3,323$2,933$2,585$2,275$1,910
13 years$3,431$3,003$2,621$2,282$1,984$1,637
14 years$3,153$2,729$2,355$2,026$1,739$1,410
15 years$2,913$2,493$2,126$1,807$1,531$1,219
16 years$2,703$2,288$1,928$1,618$1,353$1,058
17 years$2,517$2,107$1,754$1,454$1,200$921
18 years$2,353$1,947$1,601$1,310$1,067$803
19 years$2,205$1,804$1,466$1,184$951$702
20 years$2,073$1,677$1,345$1,072$849$615
21 years$1,954$1,562$1,237$973$760$540
22 years$1,845$1,458$1,140$885$681$474
23 years$1,746$1,363$1,053$806$612$417
24 years$1,656$1,277$974$735$550$367
25 years$1,573$1,199$902$671$495$324
26 years$1,496$1,127$837$614$446$286
27 years$1,425$1,060$777$562$402$252
28 years$1,360$999$722$515$362$223
29 years$1,299$943$672$472$327$197
30 years$1,242$890$626$433$296$174
31 years$1,189$841$584$398$267$154
32 years$1,139$796$544$366$242$136
33 years$1,092$754$508$336$219$120
34 years$1,049$715$475$309$198$107
35 years$1,008$678$444$285$179$94
36 years$969$643$415$262$163$84
37 years$932$611$389$242$147$74
38 years$898$581$364$223$134$66
39 years$865$552$341$205$121$58
40 years$834$525$320$189$110$52
41 years$805$500$300$175$100$46
42 years$777$476$281$161$90$41
43 years$750$454$264$149$82$36
44 years$725$433$248$137$75$32
45 years$701$412$233$127$68$28
46 years$678$394$218$117$61$25
47 years$656$376$205$108$56$22
48 years$635$358$193$100$51$20
49 years$615$342$181$93$46$17
50 years$596$327$170$86$42$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $610,000, adding $6,381 every year, while hoping to spend $32,398 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: 41/41/18 Blend
65$610,000$610,000$610,000$610,000
66$678,802$646,472$637,017$702,795
67$713,569$643,678$623,886$717,647
68$750,796$639,661$609,229$730,087
69$790,700$634,327$592,961$742,872
70$833,518$627,577$574,993$756,051
71$879,513$619,304$555,231$769,679
72$928,970$609,397$533,578$783,819
73$982,204$597,736$509,931$798,543
74$1,039,559$584,195$484,184$813,933
75$1,101,416$568,642$456,226$830,082
76$1,168,190$550,936$425,940$847,097
77$1,240,340$530,926$393,203$865,097
78$1,318,368$508,455$357,889$884,219
79$1,402,828$483,356$319,865$904,615
80$1,494,328$455,452$278,992$926,458
81$1,593,535$424,555$235,124$949,943
82$1,701,186$390,468$188,110$975,289
83$1,818,087$352,981$137,793$1,002,742
84$1,945,129$311,875$84,006$1,032,578
85$2,083,290$266,914$26,578$1,065,106
86$2,233,646$217,853$0$1,100,674
87$2,397,380$164,430$0$1,146,335
88$2,575,796$106,370$0$1,201,737
89$2,770,328$43,383$0$1,262,295
90$2,982,554$0$0$1,328,587
91$3,214,211$0$0$1,412,467
92$3,467,211$0$0$1,525,524
93$3,743,660$0$0$1,649,137
94$4,045,874$0$0$1,784,350
95$4,376,405$0$0$1,932,316
96$4,738,063$0$0$2,094,302
97$5,133,941$0$0$2,271,704
98$5,567,446$0$0$2,466,061
99$6,042,328$0$0$2,679,065
100$6,562,718$0$0$2,912,582