Can I retire at age 66 with 617,000?

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 $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%12.9%
1 years$50,951$50,497$50,055$49,622$49,200$48,606
2 years$25,223$24,754$24,298$23,857$23,429$22,830
3 years$16,649$16,177$15,723$15,285$14,864$14,281
4 years$12,362$11,892$11,442$11,012$10,601$10,037
5 years$9,791$9,323$8,880$8,458$8,059$7,515
6 years$8,077$7,613$7,176$6,764$6,377$5,855
7 years$6,854$6,393$5,963$5,561$5,186$4,686
8 years$5,936$5,480$5,057$4,665$4,302$3,824
9 years$5,223$4,772$4,356$3,974$3,623$3,166
10 years$4,653$4,206$3,798$3,425$3,087$2,652
11 years$4,187$3,744$3,343$2,981$2,655$2,240
12 years$3,799$3,361$2,967$2,615$2,301$1,907
13 years$3,471$3,037$2,651$2,309$2,006$1,632
14 years$3,190$2,761$2,382$2,049$1,759$1,404
15 years$2,946$2,522$2,150$1,828$1,549$1,212
16 years$2,734$2,314$1,950$1,636$1,369$1,051
17 years$2,546$2,131$1,774$1,470$1,213$913
18 years$2,380$1,969$1,620$1,325$1,079$796
19 years$2,231$1,825$1,483$1,197$962$695
20 years$2,097$1,696$1,361$1,084$859$608
21 years$1,976$1,580$1,252$984$769$532
22 years$1,866$1,474$1,154$895$689$467
23 years$1,766$1,379$1,065$815$619$410
24 years$1,675$1,292$985$743$556$360
25 years$1,591$1,213$912$679$500$317
26 years$1,513$1,140$846$621$451$279
27 years$1,442$1,072$786$568$406$246
28 years$1,375$1,011$730$520$367$217
29 years$1,313$953$680$477$331$192
30 years$1,256$900$633$438$299$169
31 years$1,202$851$590$402$270$149
32 years$1,152$805$551$370$245$132
33 years$1,105$763$514$340$221$117
34 years$1,061$723$480$313$200$103
35 years$1,019$686$449$288$182$91
36 years$980$651$420$265$164$81
37 years$943$618$393$244$149$71
38 years$908$587$368$225$135$63
39 years$875$559$345$208$123$56
40 years$844$531$323$192$111$49
41 years$814$506$303$177$101$44
42 years$786$482$284$163$92$39
43 years$759$459$267$151$83$34
44 years$733$438$251$139$75$30
45 years$709$417$235$128$68$27
46 years$685$398$221$119$62$24
47 years$663$380$208$110$56$21
48 years$642$363$195$101$51$19
49 years$622$346$183$94$47$16
50 years$602$331$172$86$42$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $617,000, adding $3,715 every year, while hoping to spend $41,750 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: 47/44/9 Blend
65$617,000$617,000$617,000$617,000
66$683,766$651,065$641,502$714,047
67$709,088$638,546$618,570$722,750
68$735,595$624,013$593,471$727,538
69$763,361$607,326$566,088$731,774
70$792,471$588,331$536,299$735,422
71$823,014$566,871$503,976$738,441
72$855,088$542,775$468,986$740,792
73$888,800$515,864$431,191$742,434
74$924,265$485,948$390,443$743,328
75$961,609$452,829$346,592$743,430
76$1,000,969$416,293$299,478$742,701
77$1,042,494$376,117$248,937$741,097
78$1,086,346$332,065$194,794$738,580
79$1,132,703$283,886$136,869$735,107
80$1,181,758$231,315$74,974$730,640
81$1,233,723$174,075$8,910$725,142
82$1,288,827$111,870$0$718,576
83$1,347,325$44,389$0$716,826
84$1,409,491$0$0$715,243
85$1,475,627$0$0$726,863
86$1,546,063$0$0$762,166
87$1,621,162$0$0$799,846
88$1,701,318$0$0$840,108
89$1,786,967$0$0$883,176
90$1,878,584$0$0$929,293
91$1,976,689$0$0$978,729
92$2,081,857$0$0$1,031,780
93$2,194,712$0$0$1,088,767
94$2,315,945$0$0$1,150,048
95$2,446,311$0$0$1,216,011
96$2,586,640$0$0$1,287,086
97$2,737,843$0$0$1,363,742
98$2,900,920$0$0$1,446,496
99$3,076,972$0$0$1,535,916
100$3,267,205$0$0$1,632,625