Can I retire at age 66 with 622,000?

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 $622,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.1%
1 years$51,364$50,907$50,460$50,025$49,599$48,959
2 years$25,428$24,954$24,495$24,050$23,619$22,975
3 years$16,783$16,308$15,850$15,409$14,985$14,357
4 years$12,462$11,988$11,535$11,101$10,687$10,080
5 years$9,870$9,399$8,951$8,527$8,124$7,540
6 years$8,143$7,675$7,234$6,819$6,428$5,868
7 years$6,909$6,445$6,012$5,606$5,228$4,691
8 years$5,984$5,525$5,098$4,703$4,337$3,824
9 years$5,266$4,810$4,391$4,006$3,653$3,162
10 years$4,691$4,240$3,828$3,453$3,112$2,645
11 years$4,221$3,775$3,370$3,005$2,677$2,232
12 years$3,830$3,388$2,991$2,636$2,319$1,897
13 years$3,499$3,062$2,672$2,327$2,023$1,622
14 years$3,215$2,783$2,401$2,066$1,773$1,393
15 years$2,970$2,542$2,168$1,842$1,561$1,202
16 years$2,756$2,333$1,966$1,650$1,380$1,040
17 years$2,567$2,148$1,789$1,482$1,223$902
18 years$2,399$1,985$1,633$1,336$1,088$785
19 years$2,249$1,840$1,495$1,207$970$684
20 years$2,114$1,710$1,372$1,093$866$598
21 years$1,992$1,592$1,262$992$775$523
22 years$1,882$1,486$1,163$902$695$458
23 years$1,781$1,390$1,074$822$624$402
24 years$1,688$1,303$993$749$560$353
25 years$1,604$1,222$920$684$504$310
26 years$1,525$1,149$853$626$454$272
27 years$1,453$1,081$792$573$410$240
28 years$1,386$1,019$736$525$370$211
29 years$1,324$961$685$481$334$186
30 years$1,266$908$638$442$302$164
31 years$1,212$858$595$406$273$144
32 years$1,161$812$555$373$247$127
33 years$1,114$769$518$343$223$112
34 years$1,069$729$484$315$202$99
35 years$1,027$691$453$290$183$87
36 years$988$656$424$267$166$77
37 years$951$623$396$246$150$68
38 years$915$592$371$227$136$60
39 years$882$563$348$209$124$53
40 years$850$536$326$193$112$47
41 years$820$510$306$178$102$41
42 years$792$486$287$164$92$37
43 years$765$463$269$152$84$32
44 years$739$441$253$140$76$29
45 years$714$421$237$129$69$25
46 years$691$401$223$120$63$22
47 years$669$383$209$110$57$20
48 years$647$366$197$102$52$17
49 years$627$349$185$94$47$15
50 years$607$333$174$87$43$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $622,000, adding $6,241 every year, while hoping to spend $37,328 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: 43/45/12 Blend
65$622,000$622,000$622,000$622,000
66$691,882$658,916$649,275$718,969
67$722,737$651,486$631,309$731,082
68$755,488$642,441$611,490$739,962
69$790,290$631,662$589,716$748,755
70$827,310$619,024$565,882$757,468
71$866,733$604,394$539,877$766,114
72$908,761$587,630$511,584$774,706
73$953,615$568,585$480,882$783,265
74$1,001,537$547,099$447,645$791,814
75$1,052,793$523,005$411,740$800,385
76$1,107,673$496,128$373,029$809,014
77$1,166,497$466,280$331,367$817,747
78$1,229,616$433,263$286,604$826,639
79$1,297,412$396,869$238,581$835,752
80$1,370,309$356,877$187,134$845,163
81$1,448,769$313,052$132,092$854,959
82$1,533,301$265,149$73,274$865,243
83$1,624,462$212,906$10,493$876,133
84$1,722,868$156,048$0$887,766
85$1,829,191$94,285$0$907,533
86$1,944,172$27,309$0$930,284
87$2,068,626$0$0$954,906
88$2,203,449$0$0$1,004,046
89$2,349,623$0$0$1,072,050
90$2,508,233$0$0$1,145,906
91$2,680,467$0$0$1,226,178
92$2,867,635$0$0$1,313,484
93$3,071,179$0$0$1,408,506
94$3,292,681$0$0$1,511,992
95$3,533,886$0$0$1,624,769
96$3,796,713$0$0$1,747,744
97$4,083,273$0$0$1,881,915
98$4,395,890$0$0$2,028,383
99$4,737,122$0$0$2,188,357
100$5,109,784$0$0$2,363,171