Can I retire at age 66 with 639,000?

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 $639,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.3%
1 years$52,768$52,298$51,839$51,392$50,955$49,049
2 years$26,123$25,636$25,165$24,708$24,264$22,366
3 years$17,242$16,754$16,283$15,830$15,394$13,564
4 years$12,803$12,316$11,850$11,405$10,979$9,230
5 years$10,140$9,656$9,196$8,760$8,346$6,683
6 years$8,365$7,885$7,432$7,005$6,604$5,027
7 years$7,098$6,621$6,176$5,760$5,371$3,881
8 years$6,148$5,676$5,238$4,832$4,456$3,051
9 years$5,410$4,942$4,511$4,115$3,752$2,430
10 years$4,819$4,356$3,933$3,548$3,197$1,956
11 years$4,336$3,878$3,463$3,087$2,750$1,586
12 years$3,934$3,481$3,073$2,708$2,383$1,295
13 years$3,594$3,145$2,745$2,391$2,078$1,062
14 years$3,303$2,859$2,467$2,122$1,821$874
15 years$3,051$2,612$2,227$1,893$1,604$722
16 years$2,831$2,396$2,019$1,695$1,417$598
17 years$2,637$2,207$1,837$1,523$1,257$496
18 years$2,464$2,039$1,677$1,372$1,117$412
19 years$2,310$1,890$1,536$1,240$996$343
20 years$2,172$1,756$1,409$1,123$890$286
21 years$2,047$1,636$1,296$1,019$796$239
22 years$1,933$1,527$1,195$927$714$199
23 years$1,829$1,428$1,103$844$641$166
24 years$1,735$1,338$1,020$770$576$139
25 years$1,647$1,256$945$703$518$116
26 years$1,567$1,180$876$643$467$97
27 years$1,493$1,111$814$588$421$81
28 years$1,424$1,047$756$539$380$68
29 years$1,360$987$704$494$343$57
30 years$1,301$932$656$454$310$48
31 years$1,245$882$611$417$280$40
32 years$1,193$834$570$383$253$34
33 years$1,144$790$533$352$229$28
34 years$1,099$749$498$324$208$24
35 years$1,055$710$465$298$188$20
36 years$1,015$674$435$275$170$17
37 years$977$640$407$253$154$14
38 years$940$608$381$233$140$12
39 years$906$578$357$215$127$10
40 years$874$550$335$198$115$8
41 years$843$524$314$183$104$7
42 years$814$499$295$169$95$6
43 years$786$475$276$156$86$5
44 years$759$453$260$144$78$4
45 years$734$432$244$133$71$3
46 years$710$412$229$123$64$3
47 years$687$393$215$113$58$2
48 years$665$376$202$105$53$2
49 years$644$359$190$97$48$2
50 years$624$343$179$90$44$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $639,000, adding $2,632 every year, while hoping to spend $23,145 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: 83/9/8 Blend
65$639,000$639,000$639,000$639,000
66$706,893$673,026$663,121$764,685
67$754,370$681,378$660,710$811,208
68$805,914$689,364$657,442$858,908
69$861,915$696,941$653,264$910,573
70$922,803$704,063$648,121$966,588
71$989,050$710,684$641,955$1,027,375
72$1,061,176$716,750$634,703$1,093,400
73$1,139,754$722,208$626,303$1,165,175
74$1,225,411$727,000$616,687$1,243,266
75$1,318,843$731,062$605,785$1,328,294
76$1,420,809$734,329$593,524$1,420,945
77$1,532,151$736,730$579,826$1,521,973
78$1,653,793$738,192$564,612$1,632,211
79$1,786,750$738,633$547,797$1,752,573
80$1,932,143$737,972$529,293$1,884,070
81$2,091,206$736,116$509,009$2,027,812
82$2,265,296$732,973$486,847$2,185,026
83$2,455,907$728,440$462,708$2,357,060
84$2,664,687$722,411$436,486$2,545,402
85$2,893,448$714,772$408,071$2,751,691
86$3,144,188$705,403$377,349$2,977,732
87$3,419,104$694,177$344,199$3,225,514
88$3,720,619$680,958$308,497$3,497,231
89$4,051,401$665,603$270,110$3,795,297
90$4,414,387$647,962$228,903$4,122,374
91$4,812,816$627,873$184,732$4,481,398
92$5,250,251$605,167$137,448$4,875,599
93$5,730,620$579,664$86,896$5,308,540
94$6,258,250$551,173$32,914$5,784,148
95$6,837,905$519,495$0$6,306,749
96$7,474,837$484,416$0$6,883,217
97$8,174,829$445,710$0$7,519,835
98$8,944,253$403,142$0$8,219,596
99$9,790,130$356,459$0$8,988,896
100$10,720,193$305,395$0$9,834,786