Can I retire at age 66 with 631,000?

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 $631,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.4%
1 years$52,107$51,643$51,190$50,748$50,317$49,402
2 years$25,796$25,315$24,850$24,398$23,960$23,042
3 years$17,026$16,544$16,079$15,632$15,201$14,308
4 years$12,642$12,161$11,702$11,262$10,842$9,980
5 years$10,013$9,535$9,081$8,650$8,242$7,415
6 years$8,260$7,786$7,339$6,918$6,521$5,730
7 years$7,009$6,539$6,099$5,687$5,304$4,547
8 years$6,071$5,605$5,172$4,771$4,400$3,679
9 years$5,342$4,880$4,455$4,064$3,705$3,019
10 years$4,759$4,301$3,884$3,503$3,157$2,505
11 years$4,282$3,829$3,419$3,049$2,715$2,097
12 years$3,885$3,437$3,034$2,674$2,353$1,768
13 years$3,549$3,106$2,711$2,361$2,052$1,498
14 years$3,262$2,823$2,436$2,096$1,799$1,276
15 years$3,013$2,579$2,199$1,869$1,584$1,091
16 years$2,796$2,366$1,994$1,674$1,400$935
17 years$2,604$2,179$1,814$1,504$1,241$804
18 years$2,434$2,014$1,656$1,355$1,103$693
19 years$2,281$1,866$1,516$1,224$984$599
20 years$2,145$1,734$1,392$1,109$879$518
21 years$2,021$1,615$1,280$1,006$786$448
22 years$1,909$1,508$1,180$915$705$389
23 years$1,806$1,410$1,089$833$633$338
24 years$1,713$1,321$1,007$760$569$293
25 years$1,627$1,240$933$694$512$255
26 years$1,548$1,165$865$635$461$222
27 years$1,474$1,097$804$581$415$193
28 years$1,406$1,034$747$532$375$168
29 years$1,343$975$695$488$339$147
30 years$1,284$921$648$448$306$128
31 years$1,230$870$604$411$277$112
32 years$1,178$824$563$378$250$97
33 years$1,130$780$526$348$226$85
34 years$1,085$739$491$320$205$74
35 years$1,042$701$459$295$186$65
36 years$1,002$666$430$271$168$57
37 years$964$632$402$250$152$49
38 years$929$601$377$230$138$43
39 years$895$571$353$212$125$38
40 years$863$543$331$196$114$33
41 years$832$517$310$181$103$29
42 years$803$493$291$167$94$25
43 years$776$469$273$154$85$22
44 years$750$447$256$142$77$19
45 years$725$427$241$131$70$17
46 years$701$407$226$121$64$15
47 years$678$388$212$112$58$13
48 years$657$371$200$104$52$11
49 years$636$354$188$96$48$10
50 years$616$338$176$88$43$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $631,000, adding $2,833 every year, while hoping to spend $34,639 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: 72/11/17 Blend
65$631,000$631,000$631,000$631,000
66$698,284$664,841$655,061$745,607
67$732,654$660,563$640,150$773,125
68$769,368$654,914$623,578$798,791
69$808,629$647,791$605,254$826,002
70$850,660$639,083$585,081$854,906
71$895,704$628,674$562,957$885,665
72$944,028$616,442$538,778$918,459
73$995,925$602,254$512,434$953,485
74$1,051,718$585,972$483,809$990,963
75$1,111,758$567,451$452,782$1,031,136
76$1,176,436$546,534$419,228$1,074,270
77$1,246,175$523,057$383,015$1,120,662
78$1,321,445$496,847$344,006$1,170,640
79$1,402,759$467,719$302,057$1,224,565
80$1,490,683$435,480$257,019$1,282,837
81$1,585,838$399,924$208,734$1,345,897
82$1,688,907$360,833$157,040$1,414,234
83$1,800,639$317,978$101,765$1,488,387
84$1,921,862$271,116$42,731$1,568,952
85$2,053,482$219,991$0$1,656,587
86$2,196,499$164,333$0$1,755,695
87$2,352,011$103,854$0$1,871,915
88$2,521,226$38,253$0$1,998,411
89$2,705,474$0$0$2,136,200
90$2,906,219$0$0$2,290,374
91$3,125,071$0$0$2,463,531
92$3,363,801$0$0$2,652,444
93$3,624,362$0$0$2,858,662
94$3,908,899$0$0$3,083,888
95$4,219,776$0$0$3,329,997
96$4,559,597$0$0$3,599,053
97$4,931,226$0$0$3,893,329
98$5,337,817$0$0$4,215,326
99$5,782,844$0$0$4,567,801
100$6,270,131$0$0$4,953,788