Can I retire at age 66 with 617,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $617,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18%
1 years$50,951$50,497$50,055$49,622$49,200$47,606
2 years$25,223$24,754$24,298$23,857$23,429$21,838
3 years$16,649$16,177$15,723$15,285$14,864$13,326
4 years$12,362$11,892$11,442$11,012$10,601$9,128
5 years$9,791$9,323$8,880$8,458$8,059$6,654
6 years$8,077$7,613$7,176$6,764$6,377$5,042
7 years$6,854$6,393$5,963$5,561$5,186$3,921
8 years$5,936$5,480$5,057$4,665$4,302$3,106
9 years$5,223$4,772$4,356$3,974$3,623$2,494
10 years$4,653$4,206$3,798$3,425$3,087$2,024
11 years$4,187$3,744$3,343$2,981$2,655$1,656
12 years$3,799$3,361$2,967$2,615$2,301$1,363
13 years$3,471$3,037$2,651$2,309$2,006$1,128
14 years$3,190$2,761$2,382$2,049$1,759$937
15 years$2,946$2,522$2,150$1,828$1,549$781
16 years$2,734$2,314$1,950$1,636$1,369$653
17 years$2,546$2,131$1,774$1,470$1,213$547
18 years$2,380$1,969$1,620$1,325$1,079$459
19 years$2,231$1,825$1,483$1,197$962$386
20 years$2,097$1,696$1,361$1,084$859$325
21 years$1,976$1,580$1,252$984$769$274
22 years$1,866$1,474$1,154$895$689$231
23 years$1,766$1,379$1,065$815$619$195
24 years$1,675$1,292$985$743$556$164
25 years$1,591$1,213$912$679$500$139
26 years$1,513$1,140$846$621$451$117
27 years$1,442$1,072$786$568$406$99
28 years$1,375$1,011$730$520$367$84
29 years$1,313$953$680$477$331$71
30 years$1,256$900$633$438$299$60
31 years$1,202$851$590$402$270$51
32 years$1,152$805$551$370$245$43
33 years$1,105$763$514$340$221$37
34 years$1,061$723$480$313$200$31
35 years$1,019$686$449$288$182$26
36 years$980$651$420$265$164$22
37 years$943$618$393$244$149$19
38 years$908$587$368$225$135$16
39 years$875$559$345$208$123$13
40 years$844$531$323$192$111$11
41 years$814$506$303$177$101$10
42 years$786$482$284$163$92$8
43 years$759$459$267$151$83$7
44 years$733$438$251$139$75$6
45 years$709$417$235$128$68$5
46 years$685$398$221$119$62$4
47 years$663$380$208$110$56$4
48 years$642$363$195$101$51$3
49 years$622$346$183$94$47$3
50 years$602$331$172$86$42$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $617,000, adding $2,282 every year, while hoping to spend $28,510 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: 39/42/19 Blend
65$617,000$617,000$617,000$617,000
66$682,288$649,587$640,023$704,950
67$721,547$651,082$631,130$722,916
68$763,855$651,695$620,983$739,440
69$809,492$651,353$609,510$756,717
70$858,768$649,977$596,636$774,828
71$912,022$647,485$582,283$793,869
72$969,625$643,789$566,366$813,944
73$1,031,988$638,796$548,801$835,172
74$1,099,562$632,407$529,496$857,685
75$1,172,840$624,519$508,358$881,631
76$1,252,369$615,019$485,287$907,177
77$1,338,746$603,790$460,179$934,507
78$1,432,630$590,708$432,928$963,829
79$1,534,747$575,641$403,419$995,374
80$1,645,893$558,450$371,536$1,029,400
81$1,766,946$538,986$337,154$1,066,195
82$1,898,872$517,093$300,146$1,106,079
83$2,042,732$492,606$260,376$1,149,411
84$2,199,697$465,350$217,705$1,196,589
85$2,371,053$435,139$171,985$1,248,054
86$2,558,218$401,778$123,064$1,304,300
87$2,762,750$365,060$70,781$1,365,876
88$2,986,369$324,766$14,970$1,433,389
89$3,230,964$280,665$0$1,507,517
90$3,498,617$232,512$0$1,598,050
91$3,791,620$180,050$0$1,700,611
92$4,112,499$123,005$0$1,813,124
93$4,464,032$61,091$0$1,936,659
94$4,849,281$0$0$2,072,396
95$5,271,619$0$0$2,224,415
96$5,734,757$0$0$2,422,165
97$6,242,787$0$0$2,639,167
98$6,800,214$0$0$2,877,356
99$7,411,998$0$0$3,138,863
100$8,083,607$0$0$3,426,037