Can I retire at age 66 with 627,000?

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 $627,000?

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%
1 years$51,777$51,316$50,866$50,427$49,998$48,359
2 years$25,632$25,155$24,692$24,244$23,809$22,173
3 years$16,918$16,439$15,977$15,533$15,105$13,524
4 years$12,562$12,084$11,628$11,191$10,773$9,259
5 years$9,949$9,474$9,023$8,596$8,190$6,746
6 years$8,208$7,736$7,292$6,874$6,480$5,109
7 years$6,965$6,497$6,060$5,651$5,270$3,971
8 years$6,033$5,569$5,139$4,741$4,372$3,144
9 years$5,308$4,849$4,426$4,038$3,682$2,523
10 years$4,729$4,274$3,859$3,481$3,137$2,046
11 years$4,255$3,805$3,397$3,029$2,698$1,672
12 years$3,860$3,415$3,015$2,657$2,338$1,376
13 years$3,527$3,086$2,694$2,346$2,039$1,138
14 years$3,241$2,805$2,420$2,082$1,787$944
15 years$2,994$2,563$2,185$1,857$1,574$787
16 years$2,778$2,351$1,981$1,663$1,391$657
17 years$2,587$2,165$1,803$1,494$1,233$550
18 years$2,418$2,001$1,646$1,346$1,096$461
19 years$2,267$1,854$1,507$1,217$977$387
20 years$2,131$1,723$1,383$1,102$873$326
21 years$2,008$1,605$1,272$1,000$781$274
22 years$1,897$1,498$1,172$909$700$231
23 years$1,795$1,401$1,082$828$629$195
24 years$1,702$1,313$1,001$755$565$165
25 years$1,617$1,232$927$690$508$139
26 years$1,538$1,158$860$631$458$117
27 years$1,465$1,090$798$577$413$99
28 years$1,397$1,027$742$529$373$84
29 years$1,335$969$691$485$336$71
30 years$1,276$915$643$445$304$60
31 years$1,222$865$600$409$275$51
32 years$1,171$818$560$376$249$43
33 years$1,123$775$523$346$225$36
34 years$1,078$735$488$318$204$31
35 years$1,036$697$456$293$184$26
36 years$996$661$427$270$167$22
37 years$958$628$400$248$151$19
38 years$923$597$374$229$137$16
39 years$889$568$351$211$125$13
40 years$857$540$329$195$113$11
41 years$827$514$308$180$102$10
42 years$798$490$289$166$93$8
43 years$771$466$271$153$84$7
44 years$745$445$255$141$77$6
45 years$720$424$239$130$70$5
46 years$697$404$225$121$63$4
47 years$674$386$211$111$57$4
48 years$652$368$198$103$52$3
49 years$632$352$186$95$47$3
50 years$612$336$175$88$43$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $627,000, adding $6,195 every year, while hoping to spend $59,208 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: 68/27/5 Blend
65$627,000$627,000$627,000$627,000
66$697,344$664,113$654,395$743,936
67$705,476$633,658$613,320$745,128
68$712,454$599,726$568,885$738,617
69$718,096$562,084$520,914$729,878
70$722,202$520,487$469,226$718,680
71$724,549$474,673$413,627$704,774
72$724,889$424,368$353,920$687,885
73$722,947$369,281$289,895$667,713
74$718,416$309,104$221,335$643,933
75$710,957$243,513$148,013$616,185
76$700,195$172,165$69,691$584,079
77$685,711$94,698$0$547,187
78$667,044$10,729$0$505,783
79$643,682$0$0$462,628
80$615,057$0$0$437,269
81$580,544$0$0$410,662
82$539,446$0$0$379,097
83$490,997$0$0$341,999
84$434,346$0$0$298,730
85$368,555$0$0$248,586
86$292,585$0$0$190,789
87$205,290$0$0$124,476
88$105,400$0$0$48,698
89$0$0$0$0
90$0$0$0$0
91$0$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0