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%12.8%
1 years$52,355$51,889$51,434$50,990$50,556$49,966
2 years$25,918$25,436$24,968$24,514$24,074$23,480
3 years$17,107$16,622$16,156$15,707$15,274$14,694
4 years$12,703$12,219$11,757$11,316$10,893$10,333
5 years$10,060$9,580$9,124$8,692$8,281$7,741
6 years$8,300$7,823$7,374$6,951$6,552$6,034
7 years$7,042$6,570$6,128$5,715$5,329$4,832
8 years$6,100$5,631$5,197$4,794$4,421$3,945
9 years$5,367$4,903$4,476$4,083$3,723$3,269
10 years$4,781$4,322$3,902$3,520$3,172$2,739
11 years$4,302$3,848$3,435$3,063$2,728$2,316
12 years$3,904$3,453$3,049$2,687$2,364$1,972
13 years$3,566$3,121$2,724$2,372$2,062$1,689
14 years$3,278$2,837$2,447$2,106$1,807$1,454
15 years$3,027$2,591$2,210$1,878$1,591$1,256
16 years$2,809$2,378$2,003$1,681$1,406$1,090
17 years$2,616$2,190$1,823$1,511$1,247$948
18 years$2,445$2,023$1,664$1,362$1,109$826
19 years$2,292$1,875$1,524$1,230$988$722
20 years$2,155$1,743$1,398$1,114$883$632
21 years$2,031$1,623$1,286$1,011$790$554
22 years$1,918$1,515$1,185$919$708$486
23 years$1,815$1,417$1,094$837$636$427
24 years$1,721$1,328$1,012$764$571$376
25 years$1,635$1,246$937$697$514$331
26 years$1,555$1,171$869$638$463$292
27 years$1,481$1,102$807$584$417$257
28 years$1,413$1,038$751$535$377$227
29 years$1,350$980$698$490$340$201
30 years$1,291$925$651$450$307$177
31 years$1,235$875$607$413$278$157
32 years$1,184$828$566$380$251$138
33 years$1,135$784$528$349$227$122
34 years$1,090$743$494$321$206$108
35 years$1,047$705$462$296$187$96
36 years$1,007$669$432$273$169$85
37 years$969$635$404$251$153$75
38 years$933$604$378$231$139$66
39 years$899$574$355$213$126$59
40 years$867$546$332$197$114$52
41 years$836$520$312$182$104$46
42 years$807$495$292$168$94$41
43 years$780$472$274$155$85$36
44 years$753$450$257$143$77$32
45 years$728$429$242$132$70$28
46 years$704$409$227$122$64$25
47 years$682$390$213$113$58$22
48 years$660$373$200$104$53$20
49 years$639$356$188$96$48$18
50 years$619$340$177$89$43$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $634,000, adding $5,527 every year, while hoping to spend $20,646 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: 27/49/24 Blend
65$634,000$634,000$634,000$634,000
66$704,369$670,767$660,940$717,959
67$754,248$681,668$661,114$740,095
68$808,522$692,410$660,603$761,679
69$867,618$702,965$659,360$784,423
70$932,006$713,301$657,339$808,436
71$1,002,202$723,385$654,492$833,844
72$1,078,774$733,178$650,765$860,784
73$1,162,349$742,644$646,106$889,409
74$1,253,616$751,740$640,457$919,888
75$1,353,331$760,422$633,759$952,410
76$1,462,331$768,643$625,950$987,183
77$1,581,534$776,352$616,964$1,024,439
78$1,711,952$783,494$606,734$1,064,434
79$1,854,699$790,014$595,188$1,107,452
80$2,011,003$795,849$582,251$1,153,809
81$2,182,214$800,934$567,845$1,203,853
82$2,369,820$805,201$551,889$1,257,972
83$2,575,461$808,574$534,296$1,316,595
84$2,800,940$810,977$514,977$1,380,194
85$3,048,246$812,324$493,838$1,449,297
86$3,319,567$812,529$470,782$1,524,484
87$3,617,316$811,496$445,707$1,606,400
88$3,944,149$809,125$418,504$1,695,757
89$4,302,991$805,312$389,063$1,793,343
90$4,697,066$799,942$357,267$1,900,031
91$5,129,925$792,897$322,994$2,016,786
92$5,605,479$784,051$286,115$2,144,675
93$6,128,037$773,268$246,499$2,284,877
94$6,702,346$760,407$204,006$2,438,699
95$7,333,636$745,318$158,491$2,607,582
96$8,027,668$727,840$109,801$2,793,122
97$8,790,790$707,805$57,780$2,997,081
98$9,629,997$685,033$2,262$3,221,408
99$10,552,993$659,336$0$3,468,254
100$11,568,267$630,512$0$3,754,592