Can I retire at age 66 with 612,000?

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 $612,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.5%
1 years$50,538$50,088$49,649$49,220$48,802$47,895
2 years$25,019$24,553$24,101$23,664$23,239$22,329
3 years$16,514$16,046$15,595$15,162$14,744$13,858
4 years$12,262$11,795$11,349$10,923$10,515$9,662
5 years$9,711$9,248$8,808$8,390$7,994$7,174
6 years$8,012$7,551$7,118$6,709$6,325$5,541
7 years$6,798$6,342$5,915$5,516$5,144$4,395
8 years$5,888$5,436$5,016$4,627$4,267$3,554
9 years$5,181$4,733$4,321$3,942$3,594$2,915
10 years$4,615$4,172$3,767$3,398$3,062$2,417
11 years$4,153$3,714$3,316$2,957$2,633$2,022
12 years$3,768$3,333$2,943$2,594$2,282$1,703
13 years$3,443$3,012$2,629$2,290$1,990$1,443
14 years$3,164$2,738$2,363$2,033$1,744$1,228
15 years$2,922$2,501$2,133$1,813$1,536$1,049
16 years$2,711$2,295$1,934$1,623$1,357$899
17 years$2,525$2,114$1,760$1,458$1,204$772
18 years$2,360$1,953$1,606$1,314$1,070$665
19 years$2,213$1,810$1,471$1,188$954$574
20 years$2,080$1,682$1,350$1,076$852$496
21 years$1,960$1,567$1,241$976$762$429
22 years$1,851$1,463$1,144$888$683$372
23 years$1,752$1,368$1,056$808$614$323
24 years$1,661$1,282$977$737$551$280
25 years$1,578$1,203$905$673$496$243
26 years$1,501$1,130$839$616$447$212
27 years$1,430$1,064$779$563$403$184
28 years$1,364$1,002$725$516$364$160
29 years$1,303$946$674$473$328$140
30 years$1,246$893$628$434$297$122
31 years$1,193$844$585$399$268$106
32 years$1,143$799$546$367$243$92
33 years$1,096$757$510$337$220$81
34 years$1,052$717$477$310$199$70
35 years$1,011$680$446$286$180$61
36 years$972$645$417$263$163$53
37 years$935$613$390$242$148$47
38 years$901$583$365$223$134$41
39 years$868$554$342$206$122$36
40 years$837$527$321$190$110$31
41 years$807$502$301$175$100$27
42 years$779$478$282$162$91$24
43 years$753$455$265$149$82$21
44 years$727$434$249$138$75$18
45 years$703$414$233$127$68$16
46 years$680$395$219$118$62$14
47 years$658$377$206$109$56$12
48 years$637$360$194$100$51$10
49 years$617$343$182$93$46$9
50 years$598$328$171$86$42$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $612,000, adding $3,696 every year, while hoping to spend $43,442 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: 60/15/25 Blend
65$612,000$612,000$612,000$612,000
66$678,236$645,800$636,314$714,181
67$701,195$631,223$611,409$724,481
68$725,038$614,475$584,213$730,697
69$749,813$595,404$554,605$736,542
70$775,565$573,850$522,455$741,990
71$802,345$549,642$487,630$747,013
72$830,209$522,599$449,991$751,584
73$859,215$492,531$409,390$755,672
74$889,426$459,236$365,675$759,248
75$920,909$422,500$318,687$762,283
76$953,737$382,098$268,259$764,746
77$987,990$337,792$214,216$766,607
78$1,023,750$289,329$156,378$767,835
79$1,061,110$236,444$94,555$768,400
80$1,100,169$178,855$28,547$768,272
81$1,141,032$116,265$0$767,421
82$1,183,816$48,360$0$776,994
83$1,228,645$0$0$794,641
84$1,275,655$0$0$816,931
85$1,324,994$0$0$848,718
86$1,376,821$0$0$882,124
87$1,431,309$0$0$917,262
88$1,488,648$0$0$954,258
89$1,549,042$0$0$993,244
90$1,612,717$0$0$1,034,370
91$1,679,914$0$0$1,077,794
92$1,750,901$0$0$1,123,693
93$1,825,968$0$0$1,172,255
94$1,905,429$0$0$1,223,691
95$1,989,633$0$0$1,278,226
96$2,078,955$0$0$1,336,110
97$2,173,809$0$0$1,397,615
98$2,274,646$0$0$1,463,038
99$2,381,961$0$0$1,532,704
100$2,496,294$0$0$1,606,971