Can I retire at age 66 with 626,000?

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 $626,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.5%
1 years$51,694$51,234$50,785$50,346$49,918$49,192
2 years$25,591$25,115$24,653$24,205$23,771$23,041
3 years$16,891$16,413$15,952$15,508$15,081$14,370
4 years$12,542$12,065$11,609$11,173$10,756$10,069
5 years$9,934$9,459$9,009$8,582$8,176$7,516
6 years$8,195$7,724$7,281$6,863$6,470$5,836
7 years$6,954$6,487$6,050$5,642$5,262$4,656
8 years$6,023$5,560$5,131$4,733$4,365$3,786
9 years$5,299$4,841$4,419$4,032$3,676$3,124
10 years$4,721$4,267$3,853$3,475$3,132$2,607
11 years$4,248$3,799$3,392$3,025$2,694$2,194
12 years$3,854$3,410$3,010$2,653$2,334$1,860
13 years$3,521$3,081$2,690$2,342$2,036$1,586
14 years$3,236$2,801$2,417$2,079$1,784$1,359
15 years$2,989$2,559$2,182$1,854$1,571$1,169
16 years$2,773$2,348$1,978$1,660$1,389$1,009
17 years$2,583$2,162$1,800$1,492$1,231$873
18 years$2,414$1,998$1,643$1,344$1,095$757
19 years$2,263$1,852$1,504$1,215$976$658
20 years$2,128$1,721$1,381$1,100$872$573
21 years$2,005$1,603$1,270$998$780$500
22 years$1,894$1,496$1,170$908$699$436
23 years$1,792$1,399$1,081$827$628$382
24 years$1,699$1,311$999$754$564$334
25 years$1,614$1,230$926$689$508$292
26 years$1,535$1,156$858$630$457$256
27 years$1,463$1,088$797$576$412$225
28 years$1,395$1,025$741$528$372$197
29 years$1,333$967$690$484$336$173
30 years$1,274$914$642$444$303$152
31 years$1,220$864$599$408$274$134
32 years$1,169$817$559$375$248$117
33 years$1,121$774$522$345$225$103
34 years$1,076$733$487$317$203$91
35 years$1,034$696$456$292$184$80
36 years$994$660$426$269$167$70
37 years$957$627$399$248$151$62
38 years$921$596$374$229$137$54
39 years$888$567$350$211$124$48
40 years$856$539$328$194$113$42
41 years$826$513$308$179$102$37
42 years$797$489$289$165$93$33
43 years$770$466$271$153$84$29
44 years$744$444$254$141$76$25
45 years$719$423$239$130$69$22
46 years$695$404$224$120$63$20
47 years$673$385$211$111$57$17
48 years$651$368$198$103$52$15
49 years$631$351$186$95$47$13
50 years$611$336$175$88$43$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $626,000, adding $5,234 every year, while hoping to spend $35,184 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: 51/41/8 Blend
65$626,000$626,000$626,000$626,000
66$695,251$662,073$652,370$729,030
67$728,731$657,079$636,789$747,614
68$764,447$650,661$619,506$763,586
69$802,589$642,712$600,429$780,118
70$843,368$633,120$579,457$797,270
71$887,011$621,762$556,489$815,112
72$933,771$608,514$531,417$833,721
73$983,924$593,239$504,127$853,185
74$1,037,772$575,795$474,503$873,603
75$1,095,647$556,032$442,422$895,087
76$1,157,914$533,789$407,754$917,763
77$1,224,974$508,897$370,366$941,771
78$1,297,266$481,177$330,118$967,271
79$1,375,273$450,440$286,862$994,440
80$1,459,525$416,487$240,447$1,023,479
81$1,550,607$379,104$190,712$1,054,611
82$1,649,158$338,070$137,490$1,088,086
83$1,755,884$293,147$80,608$1,124,185
84$1,871,559$244,087$19,883$1,163,220
85$1,997,035$190,624$0$1,205,542
86$2,133,249$132,481$0$1,255,375
87$2,281,231$69,363$0$1,311,381
88$2,442,115$959$0$1,372,363
89$2,617,146$0$0$1,438,883
90$2,807,698$0$0$1,544,522
91$3,015,280$0$0$1,660,133
92$3,241,553$0$0$1,786,216
93$3,488,345$0$0$1,923,797
94$3,757,669$0$0$2,074,005
95$4,051,739$0$0$2,238,085
96$4,372,995$0$0$2,417,407
97$4,724,119$0$0$2,613,476
98$5,108,069$0$0$2,827,954
99$5,528,097$0$0$3,062,667
100$5,987,787$0$0$3,319,629