Can I retire at age 66 with 632,000?

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 $632,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.8%
1 years$52,190$51,725$51,272$50,829$50,397$48,803
2 years$25,837$25,355$24,889$24,437$23,998$22,407
3 years$17,053$16,570$16,105$15,657$15,226$13,687
4 years$12,663$12,181$11,720$11,280$10,859$9,384
5 years$10,029$9,550$9,095$8,664$8,255$6,849
6 years$8,273$7,798$7,350$6,929$6,532$5,195
7 years$7,020$6,549$6,108$5,697$5,312$4,044
8 years$6,081$5,614$5,180$4,779$4,407$3,208
9 years$5,350$4,888$4,462$4,070$3,711$2,579
10 years$4,766$4,308$3,890$3,509$3,162$2,095
11 years$4,289$3,835$3,425$3,054$2,720$1,716
12 years$3,891$3,442$3,039$2,678$2,357$1,415
13 years$3,555$3,111$2,715$2,365$2,055$1,172
14 years$3,267$2,828$2,440$2,099$1,801$975
15 years$3,018$2,583$2,203$1,872$1,586$814
16 years$2,800$2,370$1,997$1,676$1,402$681
17 years$2,608$2,183$1,817$1,506$1,243$572
18 years$2,437$2,017$1,659$1,357$1,105$480
19 years$2,285$1,869$1,519$1,226$985$404
20 years$2,148$1,737$1,394$1,111$880$341
21 years$2,024$1,618$1,282$1,008$787$288
22 years$1,912$1,510$1,182$917$706$243
23 years$1,809$1,413$1,091$835$634$205
24 years$1,716$1,323$1,009$761$569$174
25 years$1,629$1,242$935$695$512$147
26 years$1,550$1,167$867$636$462$125
27 years$1,477$1,099$805$582$416$105
28 years$1,409$1,035$748$533$376$89
29 years$1,345$977$696$489$339$76
30 years$1,286$922$649$449$306$64
31 years$1,231$872$605$412$277$54
32 years$1,180$825$564$379$251$46
33 years$1,132$781$527$348$227$39
34 years$1,087$740$492$320$205$33
35 years$1,044$702$460$295$186$28
36 years$1,004$667$430$272$168$24
37 years$966$633$403$250$153$20
38 years$930$602$377$231$138$17
39 years$896$572$353$213$126$15
40 years$864$544$331$196$114$12
41 years$834$518$311$181$103$11
42 years$805$493$291$167$94$9
43 years$777$470$273$154$85$8
44 years$751$448$257$142$77$6
45 years$726$427$241$132$70$5
46 years$702$408$226$121$64$5
47 years$679$389$213$112$58$4
48 years$658$371$200$104$52$3
49 years$637$355$188$96$48$3
50 years$617$339$177$89$43$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $632,000, adding $3,280 every year, while hoping to spend $23,327 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: 54/19/27 Blend
65$632,000$632,000$632,000$632,000
66$699,847$666,351$656,555$732,236
67$746,412$674,183$653,730$762,789
68$796,944$681,616$650,029$793,366
69$851,825$688,607$645,397$826,184
70$911,471$695,109$639,777$861,467
71$976,343$701,072$633,112$899,463
72$1,046,947$706,441$625,338$940,444
73$1,123,840$711,161$616,391$984,712
74$1,207,634$715,170$606,203$1,032,602
75$1,299,003$718,404$594,701$1,084,480
76$1,398,691$720,795$581,813$1,140,756
77$1,507,512$722,269$567,459$1,201,878
78$1,626,368$722,750$551,558$1,268,343
79$1,756,247$722,154$534,025$1,340,701
80$1,898,239$720,395$514,770$1,419,558
81$2,053,545$717,379$493,700$1,505,583
82$2,223,485$713,009$470,717$1,599,515
83$2,409,514$707,180$445,719$1,702,171
84$2,613,233$699,781$418,600$1,814,453
85$2,836,408$690,695$389,248$1,937,355
86$3,080,980$679,797$357,546$2,071,977
87$3,349,088$666,956$323,373$2,219,531
88$3,643,091$652,032$286,601$2,381,357
89$3,965,581$634,877$247,097$2,558,933
90$4,319,419$615,335$204,724$2,753,889
91$4,707,754$593,240$159,336$2,968,027
92$5,134,052$568,416$110,781$3,203,333
93$5,602,135$540,679$58,902$3,462,000
94$6,116,212$509,831$3,534$3,746,447
95$6,680,918$475,665$0$4,059,343
96$7,301,361$437,962$0$4,419,640
97$7,983,167$396,490$0$4,816,708
98$8,732,536$351,003$0$5,253,169
99$9,556,295$301,242$0$5,733,033
100$10,461,968$246,934$0$6,260,723