Can I retire at age 66 with 635,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $635,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.1%
1 years$52,438$51,971$51,515$51,070$50,636$49,776
2 years$25,959$25,476$25,007$24,553$24,112$23,249
3 years$17,134$16,649$16,181$15,731$15,298$14,458
4 years$12,723$12,239$11,776$11,334$10,911$10,100
5 years$10,076$9,595$9,139$8,705$8,294$7,515
6 years$8,313$7,835$7,385$6,962$6,563$5,817
7 years$7,053$6,580$6,137$5,724$5,337$4,624
8 years$6,110$5,640$5,205$4,801$4,428$3,748
9 years$5,376$4,911$4,483$4,090$3,729$3,081
10 years$4,789$4,329$3,908$3,525$3,177$2,562
11 years$4,309$3,854$3,441$3,068$2,732$2,148
12 years$3,910$3,459$3,054$2,691$2,368$1,814
13 years$3,572$3,126$2,728$2,376$2,065$1,541
14 years$3,283$2,841$2,451$2,109$1,810$1,315
15 years$3,032$2,595$2,213$1,881$1,594$1,126
16 years$2,813$2,381$2,007$1,684$1,409$968
17 years$2,620$2,193$1,826$1,513$1,249$834
18 years$2,449$2,027$1,667$1,364$1,110$720
19 years$2,296$1,878$1,526$1,232$990$623
20 years$2,158$1,745$1,400$1,116$884$540
21 years$2,034$1,626$1,288$1,013$791$469
22 years$1,921$1,517$1,187$921$709$408
23 years$1,818$1,419$1,096$839$637$355
24 years$1,724$1,330$1,014$765$572$309
25 years$1,637$1,248$939$699$515$269
26 years$1,557$1,173$871$639$464$235
27 years$1,484$1,104$809$585$418$205
28 years$1,415$1,040$752$536$377$179
29 years$1,352$981$700$491$341$157
30 years$1,293$927$652$451$308$137
31 years$1,237$876$607$414$278$120
32 years$1,186$829$567$381$252$105
33 years$1,137$785$529$350$228$92
34 years$1,092$744$494$322$206$80
35 years$1,049$706$462$296$187$70
36 years$1,009$670$432$273$169$61
37 years$970$636$405$251$153$54
38 years$934$605$379$232$139$47
39 years$900$575$355$214$126$41
40 years$868$547$333$197$114$36
41 years$838$521$312$182$104$32
42 years$808$496$293$168$94$28
43 years$781$472$275$155$85$24
44 years$754$450$258$143$78$21
45 years$729$429$242$132$70$19
46 years$705$410$227$122$64$16
47 years$683$391$214$113$58$14
48 years$661$373$201$104$53$13
49 years$640$356$189$96$48$11
50 years$620$340$177$89$44$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $635,000, adding $2,108 every year, while hoping to spend $57,405 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: 34/45/21 Blend
65$635,000$635,000$635,000$635,000
66$701,944$668,289$658,447$721,238
67$712,464$639,957$619,426$707,370
68$722,133$608,313$577,175$687,007
69$730,804$573,133$531,523$663,868
70$738,312$534,182$482,295$637,741
71$744,474$491,211$429,306$608,399
72$749,086$443,957$372,364$575,602
73$751,923$392,140$311,268$539,087
74$752,731$335,467$245,807$498,578
75$751,231$273,627$175,764$453,775
76$747,112$206,290$100,907$404,356
77$740,030$133,111$21,000$349,978
78$729,602$53,722$0$290,270
79$715,404$0$0$239,235
80$696,966$0$0$203,979
81$673,768$0$0$193,487
82$645,235$0$0$180,939
83$610,727$0$0$166,094
84$569,539$0$0$148,685
85$520,890$0$0$128,419
86$463,916$0$0$104,970
87$397,663$0$0$77,977
88$321,075$0$0$47,044
89$232,985$0$0$11,731
90$132,102$0$0$0
91$17,004$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0