Can I retire at age 66 with 630,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $630,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.2%
1 years$52,025$51,561$51,109$50,668$50,237$49,162
2 years$25,755$25,275$24,810$24,360$23,922$22,845
3 years$16,999$16,518$16,054$15,607$15,177$14,131
4 years$12,622$12,142$11,683$11,244$10,825$9,817
5 years$9,997$9,520$9,067$8,637$8,229$7,263
6 years$8,247$7,773$7,327$6,907$6,511$5,588
7 years$6,998$6,528$6,089$5,678$5,295$4,415
8 years$6,061$5,596$5,164$4,764$4,393$3,555
9 years$5,333$4,872$4,448$4,057$3,699$2,904
10 years$4,751$4,295$3,878$3,498$3,152$2,398
11 years$4,275$3,823$3,414$3,044$2,711$1,997
12 years$3,879$3,432$3,030$2,670$2,349$1,674
13 years$3,544$3,101$2,707$2,357$2,049$1,412
14 years$3,257$2,819$2,432$2,092$1,796$1,196
15 years$3,008$2,575$2,196$1,866$1,581$1,016
16 years$2,791$2,363$1,991$1,671$1,397$867
17 years$2,600$2,176$1,812$1,501$1,239$741
18 years$2,430$2,011$1,654$1,353$1,102$635
19 years$2,278$1,863$1,514$1,222$982$545
20 years$2,141$1,732$1,389$1,107$877$469
21 years$2,018$1,613$1,278$1,005$785$403
22 years$1,906$1,506$1,178$914$704$348
23 years$1,804$1,408$1,088$832$632$300
24 years$1,710$1,319$1,006$759$568$259
25 years$1,624$1,238$932$693$511$224
26 years$1,545$1,164$864$634$460$194
27 years$1,472$1,095$802$580$415$167
28 years$1,404$1,032$746$531$374$145
29 years$1,341$973$694$487$338$125
30 years$1,282$919$646$447$305$109
31 years$1,228$869$603$411$276$94
32 years$1,176$822$562$378$250$82
33 years$1,128$779$525$347$226$71
34 years$1,083$738$491$319$205$61
35 years$1,041$700$459$294$185$53
36 years$1,001$664$429$271$168$46
37 years$963$631$402$250$152$40
38 years$927$600$376$230$138$35
39 years$893$570$352$212$125$30
40 years$861$543$330$196$114$26
41 years$831$517$310$180$103$23
42 years$802$492$290$167$93$20
43 years$775$469$273$154$85$17
44 years$749$447$256$142$77$15
45 years$724$426$240$131$70$13
46 years$700$406$226$121$63$11
47 years$677$388$212$112$58$10
48 years$656$370$199$103$52$8
49 years$635$354$187$96$48$7
50 years$615$338$176$88$43$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $630,000, adding $3,328 every year, while hoping to spend $35,185 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: 82/13/5 Blend
65$630,000$630,000$630,000$630,000
66$697,693$664,303$654,538$754,563
67$731,421$659,417$639,028$787,320
68$767,410$653,113$621,820$818,200
69$805,854$645,283$602,819$851,002
70$846,964$635,815$581,926$885,895
71$890,973$624,589$559,040$923,068
72$938,136$611,477$534,051$962,730
73$988,733$596,347$506,849$1,005,108
74$1,043,070$579,054$477,314$1,050,455
75$1,101,484$559,449$445,326$1,099,048
76$1,164,345$537,371$410,754$1,151,193
77$1,232,059$512,654$373,465$1,207,228
78$1,305,072$485,116$333,319$1,267,523
79$1,383,874$454,571$290,169$1,332,488
80$1,469,002$420,818$243,863$1,402,574
81$1,561,048$383,647$194,241$1,478,280
82$1,660,663$342,833$141,136$1,560,153
83$1,768,561$298,142$84,374$1,648,798
84$1,885,527$249,324$23,773$1,744,882
85$2,012,426$196,117$0$1,849,141
86$2,150,208$138,241$0$1,964,566
87$2,299,918$75,403$0$2,091,366
88$2,462,705$7,293$0$2,229,266
89$2,639,835$0$0$2,379,367
90$2,832,699$0$0$2,552,378
91$3,042,829$0$0$2,742,028
92$3,271,909$0$0$2,948,795
93$3,521,795$0$0$3,174,356
94$3,794,529$0$0$3,420,554
95$4,092,356$0$0$3,689,420
96$4,417,752$0$0$3,983,190
97$4,773,439$0$0$4,304,324
98$5,162,417$0$0$4,655,531
99$5,587,986$0$0$5,039,795
100$6,053,781$0$0$5,460,400