Can I retire at age 66 with 630,000?

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 $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%13.8%
1 years$52,025$51,561$51,109$50,668$50,237$49,446
2 years$25,755$25,275$24,810$24,360$23,922$23,127
3 years$16,999$16,518$16,054$15,607$15,177$14,403
4 years$12,622$12,142$11,683$11,244$10,825$10,077
5 years$9,997$9,520$9,067$8,637$8,229$7,510
6 years$8,247$7,773$7,327$6,907$6,511$5,822
7 years$6,998$6,528$6,089$5,678$5,295$4,636
8 years$6,061$5,596$5,164$4,764$4,393$3,764
9 years$5,333$4,872$4,448$4,057$3,699$3,100
10 years$4,751$4,295$3,878$3,498$3,152$2,582
11 years$4,275$3,823$3,414$3,044$2,711$2,169
12 years$3,879$3,432$3,030$2,670$2,349$1,836
13 years$3,544$3,101$2,707$2,357$2,049$1,562
14 years$3,257$2,819$2,432$2,092$1,796$1,336
15 years$3,008$2,575$2,196$1,866$1,581$1,146
16 years$2,791$2,363$1,991$1,671$1,397$987
17 years$2,600$2,176$1,812$1,501$1,239$853
18 years$2,430$2,011$1,654$1,353$1,102$738
19 years$2,278$1,863$1,514$1,222$982$640
20 years$2,141$1,732$1,389$1,107$877$556
21 years$2,018$1,613$1,278$1,005$785$484
22 years$1,906$1,506$1,178$914$704$422
23 years$1,804$1,408$1,088$832$632$368
24 years$1,710$1,319$1,006$759$568$321
25 years$1,624$1,238$932$693$511$281
26 years$1,545$1,164$864$634$460$245
27 years$1,472$1,095$802$580$415$215
28 years$1,404$1,032$746$531$374$188
29 years$1,341$973$694$487$338$165
30 years$1,282$919$646$447$305$144
31 years$1,228$869$603$411$276$126
32 years$1,176$822$562$378$250$111
33 years$1,128$779$525$347$226$97
34 years$1,083$738$491$319$205$85
35 years$1,041$700$459$294$185$75
36 years$1,001$664$429$271$168$66
37 years$963$631$402$250$152$58
38 years$927$600$376$230$138$51
39 years$893$570$352$212$125$44
40 years$861$543$330$196$114$39
41 years$831$517$310$180$103$34
42 years$802$492$290$167$93$30
43 years$775$469$273$154$85$26
44 years$749$447$256$142$77$23
45 years$724$426$240$131$70$20
46 years$700$406$226$121$63$18
47 years$677$388$212$112$58$16
48 years$656$370$199$103$52$14
49 years$635$354$187$96$48$12
50 years$615$338$176$88$43$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $630,000, adding $2,686 every year, while hoping to spend $50,689 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: 26/44/30 Blend
65$630,000$630,000$630,000$630,000
66$697,031$663,641$653,876$708,596
67$714,195$642,226$621,848$696,996
68$731,411$618,064$587,048$680,086
69$748,631$590,965$549,330$660,919
70$765,800$560,731$508,541$639,342
71$782,856$527,150$464,521$615,189
72$799,728$490,001$417,103$588,287
73$816,337$449,048$366,113$558,449
74$832,593$404,042$311,368$525,479
75$848,397$354,720$252,679$489,168
76$863,636$300,803$189,846$449,294
77$878,184$241,999$122,662$405,621
78$891,898$177,997$50,911$357,898
79$904,622$108,469$0$305,858
80$916,179$33,069$0$257,433
81$926,372$0$0$222,033
82$934,982$0$0$206,618
83$941,766$0$0$206,631
84$946,450$0$0$205,982
85$948,735$0$0$204,583
86$948,283$0$0$202,336
87$944,722$0$0$199,130
88$937,640$0$0$194,847
89$926,576$0$0$189,352
90$911,023$0$0$182,498
91$890,417$0$0$174,120
92$864,133$0$0$164,038
93$831,478$0$0$152,050
94$791,688$0$0$137,934
95$743,914$0$0$121,446
96$687,219$0$0$102,313
97$620,565$0$0$80,235
98$542,804$0$0$54,882
99$452,669$0$0$25,886
100$348,756$0$0$0