Can I retire at age 66 with 638,000?

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 $638,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.6%
1 years$52,685$52,216$51,758$51,311$50,875$49,109
2 years$26,082$25,596$25,125$24,669$24,226$22,465
3 years$17,215$16,727$16,258$15,806$15,370$13,670
4 years$12,783$12,296$11,832$11,387$10,962$9,335
5 years$10,124$9,641$9,182$8,746$8,333$6,784
6 years$8,352$7,872$7,420$6,995$6,594$5,123
7 years$7,087$6,611$6,166$5,751$5,363$3,970
8 years$6,138$5,667$5,229$4,824$4,449$3,134
9 years$5,401$4,934$4,504$4,109$3,746$2,508
10 years$4,812$4,349$3,927$3,542$3,192$2,027
11 years$4,330$3,872$3,457$3,083$2,745$1,652
12 years$3,928$3,475$3,068$2,704$2,379$1,354
13 years$3,589$3,140$2,741$2,387$2,075$1,116
14 years$3,298$2,855$2,463$2,119$1,819$923
15 years$3,047$2,608$2,224$1,890$1,601$766
16 years$2,827$2,393$2,016$1,692$1,415$638
17 years$2,633$2,203$1,835$1,520$1,255$532
18 years$2,461$2,036$1,675$1,370$1,116$444
19 years$2,307$1,887$1,533$1,238$994$372
20 years$2,168$1,754$1,407$1,121$888$312
21 years$2,043$1,633$1,294$1,018$795$261
22 years$1,930$1,525$1,193$925$713$219
23 years$1,827$1,426$1,101$843$640$184
24 years$1,732$1,336$1,019$769$575$155
25 years$1,645$1,254$943$702$517$130
26 years$1,565$1,178$875$642$466$110
27 years$1,491$1,109$812$587$420$92
28 years$1,422$1,045$755$538$379$78
29 years$1,358$986$703$494$342$65
30 years$1,299$931$655$453$309$55
31 years$1,243$880$610$416$280$46
32 years$1,191$833$569$382$253$39
33 years$1,143$789$532$352$229$33
34 years$1,097$747$497$323$207$28
35 years$1,054$709$464$298$188$23
36 years$1,013$673$435$274$170$20
37 years$975$639$407$253$154$17
38 years$939$607$381$233$140$14
39 years$905$578$357$215$127$12
40 years$872$549$334$198$115$10
41 years$841$523$314$183$104$8
42 years$812$498$294$169$95$7
43 years$784$475$276$156$86$6
44 years$758$452$259$144$78$5
45 years$733$431$243$133$71$4
46 years$709$412$229$123$64$4
47 years$686$393$215$113$58$3
48 years$664$375$202$105$53$3
49 years$643$358$190$97$48$2
50 years$623$342$178$89$44$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $638,000, adding $4,372 every year, while hoping to spend $33,959 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: 32/45/23 Blend
65$638,000$638,000$638,000$638,000
66$707,586$673,772$663,883$725,104
67$743,627$670,654$649,991$735,576
68$782,207$666,246$634,495$743,487
69$823,548$660,448$617,306$751,316
70$867,894$653,155$598,331$759,077
71$915,515$644,255$577,471$766,788
72$966,705$633,630$554,623$774,473
73$1,021,787$621,156$529,681$782,163
74$1,081,116$606,700$502,532$789,893
75$1,145,083$590,121$473,060$797,707
76$1,214,116$571,271$441,142$805,656
77$1,288,685$549,993$406,650$813,803
78$1,369,309$526,121$369,450$822,219
79$1,456,555$499,477$329,403$830,990
80$1,551,049$469,877$286,364$840,211
81$1,653,478$437,123$240,179$849,998
82$1,764,598$401,007$190,690$860,481
83$1,885,239$361,309$137,731$871,809
84$2,016,317$317,797$81,128$884,154
85$2,158,836$270,224$20,701$897,712
86$2,313,903$218,330$0$912,705
87$2,482,736$161,843$0$940,131
88$2,666,673$100,471$0$975,653
89$2,867,188$33,909$0$1,014,560
90$3,085,904$0$0$1,057,270
91$3,324,606$0$0$1,123,151
92$3,585,261$0$0$1,213,517
93$3,870,030$0$0$1,312,339
94$4,181,297$0$0$1,420,453
95$4,521,684$0$0$1,538,785
96$4,894,077$0$0$1,668,350
97$5,301,658$0$0$1,810,268
98$5,747,925$0$0$1,965,772
99$6,236,735$0$0$2,136,218
100$6,772,333$0$0$2,323,104