Can I retire at age 66 with 637,000?

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 $637,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.1%
1 years$52,603$52,134$51,677$51,231$50,795$50,140
2 years$26,041$25,556$25,086$24,630$24,188$23,529
3 years$17,188$16,701$16,232$15,781$15,346$14,703
4 years$12,763$12,277$11,813$11,369$10,945$10,323
5 years$10,108$9,625$9,167$8,733$8,320$7,722
6 years$8,339$7,860$7,409$6,984$6,583$6,009
7 years$7,076$6,601$6,157$5,742$5,354$4,804
8 years$6,129$5,658$5,221$4,816$4,442$3,916
9 years$5,393$4,926$4,497$4,103$3,741$3,239
10 years$4,804$4,342$3,921$3,536$3,187$2,709
11 years$4,323$3,866$3,452$3,078$2,741$2,286
12 years$3,922$3,470$3,063$2,700$2,375$1,943
13 years$3,583$3,136$2,737$2,383$2,071$1,661
14 years$3,293$2,850$2,459$2,116$1,816$1,427
15 years$3,042$2,604$2,220$1,887$1,599$1,231
16 years$2,822$2,389$2,013$1,689$1,413$1,065
17 years$2,629$2,200$1,832$1,518$1,253$924
18 years$2,457$2,033$1,672$1,368$1,114$804
19 years$2,303$1,884$1,531$1,236$993$701
20 years$2,165$1,751$1,405$1,120$887$612
21 years$2,040$1,631$1,292$1,016$794$536
22 years$1,927$1,522$1,191$924$711$469
23 years$1,824$1,424$1,100$841$639$411
24 years$1,729$1,334$1,017$767$574$361
25 years$1,642$1,252$942$701$516$317
26 years$1,562$1,177$874$641$465$279
27 years$1,488$1,107$811$586$419$245
28 years$1,420$1,043$754$537$378$216
29 years$1,356$984$702$493$342$190
30 years$1,297$930$654$452$309$168
31 years$1,241$879$609$415$279$148
32 years$1,189$831$569$382$253$130
33 years$1,141$787$531$351$229$115
34 years$1,095$746$496$323$207$101
35 years$1,052$708$464$297$187$90
36 years$1,012$672$434$274$170$79
37 years$974$638$406$252$154$70
38 years$937$606$380$233$140$62
39 years$903$577$356$214$127$54
40 years$871$549$334$198$115$48
41 years$840$522$313$182$104$42
42 years$811$497$294$168$94$38
43 years$783$474$276$155$86$33
44 years$757$452$259$144$78$29
45 years$732$431$243$133$71$26
46 years$708$411$228$122$64$23
47 years$685$392$214$113$58$20
48 years$663$374$201$105$53$18
49 years$642$357$189$97$48$16
50 years$622$341$178$89$44$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $637,000, adding $6,250 every year, while hoping to spend $41,502 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: 40/44/16 Blend
65$637,000$637,000$637,000$637,000
66$708,421$674,660$664,786$733,160
67$736,522$663,560$642,899$740,232
68$766,098$650,526$618,887$743,377
69$797,257$635,418$592,636$745,895
70$830,114$618,090$564,026$747,749
71$864,795$598,387$532,931$748,904
72$901,439$576,143$499,219$749,322
73$940,197$551,184$462,754$748,967
74$981,232$523,328$423,392$747,802
75$1,024,725$492,378$380,982$745,793
76$1,070,872$458,129$335,370$742,904
77$1,119,886$420,363$286,390$739,104
78$1,172,004$378,850$233,873$734,361
79$1,227,481$333,346$177,641$728,646
80$1,286,598$283,594$117,506$721,934
81$1,349,664$229,323$53,275$714,204
82$1,417,015$170,245$0$705,438
83$1,489,020$106,058$0$698,230
84$1,566,086$36,440$0$699,845
85$1,648,656$0$0$701,217
86$1,737,217$0$0$721,252
87$1,832,304$0$0$761,764
88$1,934,504$0$0$805,367
89$2,044,459$0$0$852,344
90$2,162,879$0$0$903,004
91$2,290,538$0$0$957,689
92$2,428,291$0$0$1,016,773
93$2,577,074$0$0$1,080,668
94$2,737,917$0$0$1,149,825
95$2,911,953$0$0$1,224,743
96$3,100,426$0$0$1,305,969
97$3,304,704$0$0$1,394,102
98$3,526,291$0$0$1,489,806
99$3,766,842$0$0$1,593,806
100$4,028,177$0$0$1,706,904