Can I retire at age 66 with 638,000?

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 $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%13%
1 years$52,685$52,216$51,758$51,311$50,875$50,239
2 years$26,082$25,596$25,125$24,669$24,226$23,587
3 years$17,215$16,727$16,258$15,806$15,370$14,746
4 years$12,783$12,296$11,832$11,387$10,962$10,359
5 years$10,124$9,641$9,182$8,746$8,333$7,753
6 years$8,352$7,872$7,420$6,995$6,594$6,036
7 years$7,087$6,611$6,166$5,751$5,363$4,829
8 years$6,138$5,667$5,229$4,824$4,449$3,938
9 years$5,401$4,934$4,504$4,109$3,746$3,259
10 years$4,812$4,349$3,927$3,542$3,192$2,727
11 years$4,330$3,872$3,457$3,083$2,745$2,303
12 years$3,928$3,475$3,068$2,704$2,379$1,959
13 years$3,589$3,140$2,741$2,387$2,075$1,675
14 years$3,298$2,855$2,463$2,119$1,819$1,440
15 years$3,047$2,608$2,224$1,890$1,601$1,243
16 years$2,827$2,393$2,016$1,692$1,415$1,076
17 years$2,633$2,203$1,835$1,520$1,255$935
18 years$2,461$2,036$1,675$1,370$1,116$814
19 years$2,307$1,887$1,533$1,238$994$710
20 years$2,168$1,754$1,407$1,121$888$621
21 years$2,043$1,633$1,294$1,018$795$543
22 years$1,930$1,525$1,193$925$713$476
23 years$1,827$1,426$1,101$843$640$418
24 years$1,732$1,336$1,019$769$575$367
25 years$1,645$1,254$943$702$517$323
26 years$1,565$1,178$875$642$466$284
27 years$1,491$1,109$812$587$420$250
28 years$1,422$1,045$755$538$379$220
29 years$1,358$986$703$494$342$194
30 years$1,299$931$655$453$309$171
31 years$1,243$880$610$416$280$151
32 years$1,191$833$569$382$253$133
33 years$1,143$789$532$352$229$118
34 years$1,097$747$497$323$207$104
35 years$1,054$709$464$298$188$92
36 years$1,013$673$435$274$170$81
37 years$975$639$407$253$154$72
38 years$939$607$381$233$140$63
39 years$905$578$357$215$127$56
40 years$872$549$334$198$115$50
41 years$841$523$314$183$104$44
42 years$812$498$294$169$95$39
43 years$784$475$276$156$86$34
44 years$758$452$259$144$78$30
45 years$733$431$243$133$71$27
46 years$709$412$229$123$64$24
47 years$686$393$215$113$58$21
48 years$664$375$202$105$53$19
49 years$643$358$190$97$48$16
50 years$623$342$178$89$44$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $638,000, adding $3,096 every year, while hoping to spend $21,389 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: 35/40/25 Blend
65$638,000$638,000$638,000$638,000
66$706,270$672,456$662,567$725,558
67$755,551$682,648$662,005$750,350
68$809,143$692,623$660,707$774,916
69$867,461$702,348$658,627$801,000
70$930,966$711,786$655,714$828,749
71$1,000,161$720,900$651,917$858,331
72$1,075,602$729,649$647,181$889,928
73$1,157,901$737,990$641,450$923,743
74$1,247,731$745,875$634,662$960,001
75$1,345,834$753,257$626,757$998,950
76$1,453,023$760,081$617,668$1,040,867
77$1,570,199$766,292$607,327$1,086,056
78$1,698,349$771,830$595,663$1,134,856
79$1,838,562$776,631$582,599$1,187,639
80$1,992,036$780,628$568,057$1,244,820
81$2,160,092$783,747$551,955$1,306,856
82$2,344,184$785,912$534,207$1,374,254
83$2,545,911$787,042$514,724$1,447,572
84$2,767,036$787,050$493,410$1,527,432
85$3,009,502$785,843$470,167$1,614,517
86$3,275,447$783,325$444,893$1,709,584
87$3,567,225$779,391$417,480$1,813,472
88$3,887,432$773,931$387,816$1,927,106
89$4,238,926$766,829$355,783$2,051,508
90$4,624,853$757,961$321,258$2,187,809
91$5,048,682$747,195$284,114$2,337,258
92$5,514,232$734,392$244,217$2,501,237
93$6,025,713$719,406$201,427$2,681,269
94$6,587,758$702,079$155,597$2,879,041
95$7,205,476$682,248$106,576$3,096,413
96$7,884,492$659,736$54,205$3,335,441
97$8,631,007$634,359$0$3,598,396
98$9,451,848$605,921$0$3,888,233
99$10,354,539$574,215$0$4,222,732
100$11,347,372$539,021$0$4,590,524