Can I retire at age 66 with 634,000?

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 $634,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.5%
1 years$52,355$51,889$51,434$50,990$50,556$48,627
2 years$25,918$25,436$24,968$24,514$24,074$22,154
3 years$17,107$16,622$16,156$15,707$15,274$13,422
4 years$12,703$12,219$11,757$11,316$10,893$9,124
5 years$10,060$9,580$9,124$8,692$8,281$6,599
6 years$8,300$7,823$7,374$6,951$6,552$4,959
7 years$7,042$6,570$6,128$5,715$5,329$3,824
8 years$6,100$5,631$5,197$4,794$4,421$3,002
9 years$5,367$4,903$4,476$4,083$3,723$2,389
10 years$4,781$4,322$3,902$3,520$3,172$1,920
11 years$4,302$3,848$3,435$3,063$2,728$1,555
12 years$3,904$3,453$3,049$2,687$2,364$1,268
13 years$3,566$3,121$2,724$2,372$2,062$1,038
14 years$3,278$2,837$2,447$2,106$1,807$853
15 years$3,027$2,591$2,210$1,878$1,591$704
16 years$2,809$2,378$2,003$1,681$1,406$582
17 years$2,616$2,190$1,823$1,511$1,247$482
18 years$2,445$2,023$1,664$1,362$1,109$400
19 years$2,292$1,875$1,524$1,230$988$333
20 years$2,155$1,743$1,398$1,114$883$277
21 years$2,031$1,623$1,286$1,011$790$230
22 years$1,918$1,515$1,185$919$708$192
23 years$1,815$1,417$1,094$837$636$160
24 years$1,721$1,328$1,012$764$571$134
25 years$1,635$1,246$937$697$514$112
26 years$1,555$1,171$869$638$463$93
27 years$1,481$1,102$807$584$417$78
28 years$1,413$1,038$751$535$377$65
29 years$1,350$980$698$490$340$54
30 years$1,291$925$651$450$307$45
31 years$1,235$875$607$413$278$38
32 years$1,184$828$566$380$251$32
33 years$1,135$784$528$349$227$27
34 years$1,090$743$494$321$206$22
35 years$1,047$705$462$296$187$19
36 years$1,007$669$432$273$169$16
37 years$969$635$404$251$153$13
38 years$933$604$378$231$139$11
39 years$899$574$355$213$126$9
40 years$867$546$332$197$114$8
41 years$836$520$312$182$104$6
42 years$807$495$292$168$94$5
43 years$780$472$274$155$85$4
44 years$753$450$257$143$77$4
45 years$728$429$242$132$70$3
46 years$704$409$227$122$64$3
47 years$682$390$213$113$58$2
48 years$660$373$200$104$53$2
49 years$639$356$188$96$48$2
50 years$619$340$177$89$43$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $634,000, adding $3,378 every year, while hoping to spend $24,726 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$634,000$634,000$634,000$634,000
66$702,152$668,550$658,723$749,700
67$747,464$675,001$654,482$788,169
68$796,568$680,939$649,271$826,970
69$849,826$686,313$643,029$868,823
70$907,635$691,069$635,697$914,026
71$970,431$695,149$627,210$962,907
72$1,038,693$698,490$617,500$1,015,828
73$1,112,951$701,027$606,498$1,073,188
74$1,193,785$702,690$594,128$1,135,428
75$1,281,834$703,405$580,315$1,203,033
76$1,377,802$703,093$564,976$1,276,537
77$1,482,464$701,670$548,029$1,356,530
78$1,596,671$699,047$529,383$1,443,663
79$1,721,361$695,131$508,947$1,538,654
80$1,857,567$689,820$486,625$1,642,292
81$2,006,427$683,008$462,314$1,755,450
82$2,169,190$674,583$435,910$1,879,090
83$2,347,236$664,426$407,301$2,014,272
84$2,542,081$652,411$376,373$2,162,165
85$2,755,397$638,402$343,005$2,324,058
86$2,989,022$622,259$307,070$2,501,371
87$3,244,984$603,830$268,438$2,695,674
88$3,525,512$582,958$226,971$2,908,693
89$3,833,065$559,474$182,525$3,142,333
90$4,170,349$533,199$134,951$3,398,695
91$4,540,344$503,946$84,091$3,680,096
92$4,946,334$471,514$29,784$3,989,089
93$5,391,937$435,695$0$4,328,489
94$5,881,134$396,263$0$4,706,510
95$6,418,315$352,986$0$5,127,563
96$7,008,313$305,612$0$5,590,045
97$7,656,455$253,881$0$6,098,151
98$8,368,605$197,513$0$6,656,504
99$9,151,228$136,216$0$7,270,197
100$10,011,442$69,679$0$7,944,844