Can I retire at age 66 with 611,000?

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 $611,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17%
1 years$50,456$50,006$49,568$49,140$48,722$47,333
2 years$24,978$24,513$24,062$23,625$23,201$21,813
3 years$16,487$16,019$15,570$15,137$14,720$13,375
4 years$12,242$11,776$11,331$10,905$10,498$9,208
5 years$9,696$9,233$8,793$8,376$7,981$6,748
6 years$7,999$7,539$7,106$6,699$6,315$5,141
7 years$6,787$6,331$5,905$5,507$5,136$4,021
8 years$5,879$5,427$5,008$4,620$4,260$3,204
9 years$5,172$4,725$4,314$3,935$3,588$2,589
10 years$4,608$4,165$3,761$3,392$3,057$2,114
11 years$4,146$3,708$3,311$2,952$2,629$1,740
12 years$3,762$3,328$2,938$2,589$2,278$1,442
13 years$3,437$3,008$2,625$2,286$1,987$1,201
14 years$3,159$2,734$2,359$2,029$1,742$1,005
15 years$2,918$2,497$2,130$1,810$1,533$844
16 years$2,707$2,291$1,931$1,620$1,355$710
17 years$2,521$2,110$1,757$1,456$1,202$599
18 years$2,356$1,950$1,604$1,312$1,068$507
19 years$2,209$1,807$1,468$1,186$952$429
20 years$2,077$1,679$1,347$1,074$851$364
21 years$1,957$1,564$1,239$975$761$309
22 years$1,848$1,460$1,142$886$682$263
23 years$1,749$1,366$1,055$807$613$223
24 years$1,659$1,280$975$736$551$190
25 years$1,575$1,201$903$672$495$162
26 years$1,498$1,129$838$615$446$138
27 years$1,428$1,062$778$563$402$118
28 years$1,362$1,001$723$515$363$100
29 years$1,301$944$673$473$328$86
30 years$1,244$892$627$434$296$73
31 years$1,191$843$585$398$268$62
32 years$1,141$798$545$366$242$53
33 years$1,094$755$509$337$219$45
34 years$1,050$716$476$310$198$39
35 years$1,009$679$445$285$180$33
36 years$970$644$416$263$163$28
37 years$934$612$389$242$148$24
38 years$899$582$365$223$134$21
39 years$866$553$342$206$121$18
40 years$835$526$320$190$110$15
41 years$806$501$300$175$100$13
42 years$778$477$282$162$91$11
43 years$751$455$264$149$82$9
44 years$726$433$248$138$75$8
45 years$702$413$233$127$68$7
46 years$679$394$219$117$62$6
47 years$657$376$206$109$56$5
48 years$636$359$193$100$51$4
49 years$616$343$182$93$46$4
50 years$597$328$171$86$42$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $611,000, adding $5,261 every year, while hoping to spend $20,434 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: 46/34/20 Blend
65$611,000$611,000$611,000$611,000
66$678,749$646,366$636,895$705,869
67$726,239$656,296$636,490$735,310
68$777,889$666,028$635,386$764,784
69$834,101$675,531$633,538$796,335
70$895,318$684,770$630,900$830,169
71$962,027$693,710$627,422$866,507
72$1,034,765$702,314$623,052$905,600
73$1,114,123$710,539$617,736$947,719
74$1,200,750$718,342$611,417$993,167
75$1,295,363$725,676$604,035$1,042,277
76$1,398,748$732,493$595,528$1,095,420
77$1,511,773$738,738$585,831$1,153,001
78$1,635,393$744,355$574,876$1,215,471
79$1,770,658$749,284$562,590$1,283,326
80$1,918,728$753,460$548,898$1,357,115
81$2,080,875$756,817$533,723$1,437,443
82$2,258,504$759,281$516,983$1,524,979
83$2,453,160$760,775$498,591$1,620,462
84$2,666,547$761,217$478,458$1,724,708
85$2,900,539$760,521$456,490$1,838,615
86$3,157,201$758,593$432,590$1,963,179
87$3,438,808$755,337$406,654$2,099,496
88$3,747,865$750,647$378,576$2,248,776
89$4,087,133$744,415$348,244$2,412,357
90$4,459,651$736,522$315,541$2,591,715
91$4,868,768$726,844$280,344$2,788,476
92$5,318,174$715,251$242,527$3,004,438
93$5,811,932$701,602$201,956$3,241,584
94$6,354,519$685,751$158,491$3,502,103
95$6,950,868$667,541$111,989$3,788,409
96$7,606,413$646,806$62,296$4,103,165
97$8,327,139$623,372$9,256$4,449,313
98$9,119,643$597,053$0$4,830,094
99$9,991,191$567,653$0$5,259,192
100$10,949,790$534,965$0$5,733,215