Can I retire at age 66 with 619,000?

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 $619,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.2%
1 years$51,116$50,661$50,217$49,783$49,360$48,502
2 years$25,305$24,834$24,377$23,934$23,505$22,643
3 years$16,703$16,229$15,774$15,335$14,912$14,074
4 years$12,402$11,930$11,479$11,048$10,636$9,827
5 years$9,822$9,353$8,908$8,486$8,085$7,309
6 years$8,103$7,638$7,199$6,786$6,397$5,654
7 years$6,876$6,414$5,983$5,579$5,203$4,492
8 years$5,956$5,498$5,074$4,680$4,316$3,639
9 years$5,240$4,787$4,370$3,987$3,635$2,990
10 years$4,668$4,220$3,810$3,437$3,097$2,484
11 years$4,201$3,756$3,354$2,991$2,664$2,082
12 years$3,811$3,372$2,977$2,623$2,308$1,757
13 years$3,482$3,047$2,659$2,316$2,013$1,491
14 years$3,200$2,770$2,390$2,056$1,764$1,271
15 years$2,956$2,530$2,157$1,833$1,554$1,088
16 years$2,742$2,321$1,956$1,642$1,373$935
17 years$2,554$2,138$1,780$1,475$1,217$805
18 years$2,387$1,975$1,625$1,329$1,082$695
19 years$2,238$1,831$1,487$1,201$965$601
20 years$2,104$1,701$1,365$1,088$862$520
21 years$1,983$1,585$1,256$987$771$451
22 years$1,872$1,479$1,157$898$691$392
23 years$1,772$1,384$1,069$818$621$341
24 years$1,680$1,296$988$746$558$297
25 years$1,596$1,216$915$681$502$258
26 years$1,518$1,143$849$623$452$225
27 years$1,446$1,076$788$570$408$196
28 years$1,380$1,014$733$522$368$171
29 years$1,318$956$682$479$332$150
30 years$1,260$903$635$439$300$131
31 years$1,206$854$592$404$271$114
32 years$1,156$808$553$371$245$100
33 years$1,109$765$516$341$222$87
34 years$1,064$725$482$314$201$76
35 years$1,022$688$451$289$182$67
36 years$983$653$422$266$165$58
37 years$946$620$395$245$150$51
38 years$911$589$370$226$136$45
39 years$878$560$346$208$123$39
40 years$846$533$324$192$112$34
41 years$816$507$304$177$101$30
42 years$788$483$285$164$92$26
43 years$761$461$268$151$83$23
44 years$735$439$251$139$76$20
45 years$711$419$236$129$69$18
46 years$688$399$222$119$62$15
47 years$665$381$208$110$57$13
48 years$644$364$196$102$51$12
49 years$624$347$184$94$47$10
50 years$604$332$173$87$42$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $619,000, adding $2,980 every year, while hoping to spend $49,027 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: 57/37/6 Blend
65$619,000$619,000$619,000$619,000
66$685,212$652,405$642,810$723,247
67$702,939$632,208$612,180$728,968
68$720,831$609,379$578,881$729,410
69$738,854$583,736$542,771$728,671
70$756,966$555,088$503,703$726,643
71$775,122$523,234$461,523$723,210
72$793,270$487,958$416,069$718,245
73$811,351$449,034$367,174$711,613
74$829,296$406,225$314,662$703,168
75$847,030$359,276$258,349$692,753
76$864,468$307,920$198,044$680,199
77$881,511$251,876$133,546$665,322
78$898,052$190,845$64,647$647,928
79$913,970$124,512$0$627,802
80$929,126$52,545$0$605,286
81$943,370$0$0$584,017
82$956,530$0$0$569,946
83$968,415$0$0$576,439
84$978,814$0$0$581,968
85$987,490$0$0$586,382
86$994,179$0$0$589,516
87$998,589$0$0$591,184
88$1,000,392$0$0$591,181
89$999,228$0$0$589,278
90$994,694$0$0$585,221
91$986,345$0$0$578,729
92$973,685$0$0$569,491
93$956,165$0$0$557,159
94$933,179$0$0$541,352
95$904,051$0$0$521,644
96$868,037$0$0$497,566
97$824,310$0$0$468,597
98$771,956$0$0$434,162
99$709,965$0$0$393,625
100$637,217$0$0$346,281