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%11.4%
1 years$52,768$52,298$51,839$51,392$50,955$50,655
2 years$26,123$25,636$25,165$24,708$24,264$23,962
3 years$17,242$16,754$16,283$15,830$15,394$15,098
4 years$12,803$12,316$11,850$11,405$10,979$10,692
5 years$10,140$9,656$9,196$8,760$8,346$8,069
6 years$8,365$7,885$7,432$7,005$6,604$6,337
7 years$7,098$6,621$6,176$5,760$5,371$5,114
8 years$6,148$5,676$5,238$4,832$4,456$4,209
9 years$5,410$4,942$4,511$4,115$3,752$3,516
10 years$4,819$4,356$3,933$3,548$3,197$2,971
11 years$4,336$3,878$3,463$3,087$2,750$2,534
12 years$3,934$3,481$3,073$2,708$2,383$2,177
13 years$3,594$3,145$2,745$2,391$2,078$1,881
14 years$3,303$2,859$2,467$2,122$1,821$1,634
15 years$3,051$2,612$2,227$1,893$1,604$1,426
16 years$2,831$2,396$2,019$1,695$1,417$1,248
17 years$2,637$2,207$1,837$1,523$1,257$1,096
18 years$2,464$2,039$1,677$1,372$1,117$965
19 years$2,310$1,890$1,536$1,240$996$852
20 years$2,172$1,756$1,409$1,123$890$754
21 years$2,047$1,636$1,296$1,019$796$667
22 years$1,933$1,527$1,195$927$714$592
23 years$1,829$1,428$1,103$844$641$526
24 years$1,735$1,338$1,020$770$576$468
25 years$1,647$1,256$945$703$518$417
26 years$1,567$1,180$876$643$467$371
27 years$1,493$1,111$814$588$421$331
28 years$1,424$1,047$756$539$380$295
29 years$1,360$987$704$494$343$264
30 years$1,301$932$656$454$310$236
31 years$1,245$882$611$417$280$211
32 years$1,193$834$570$383$253$188
33 years$1,144$790$533$352$229$169
34 years$1,099$749$498$324$208$151
35 years$1,055$710$465$298$188$135
36 years$1,015$674$435$275$170$121
37 years$977$640$407$253$154$108
38 years$940$608$381$233$140$97
39 years$906$578$357$215$127$87
40 years$874$550$335$198$115$78
41 years$843$524$314$183$104$70
42 years$814$499$295$169$95$63
43 years$786$475$276$156$86$56
44 years$759$453$260$144$78$50
45 years$734$432$244$133$71$45
46 years$710$412$229$123$64$41
47 years$687$393$215$113$58$36
48 years$665$376$202$105$53$33
49 years$644$359$190$97$48$29
50 years$624$343$179$90$44$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $639,000, adding $4,666 every year, while hoping to spend $34,343 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: 65/16/19 Blend
65$639,000$639,000$639,000$639,000
66$708,991$675,124$665,219$751,401
67$744,767$671,664$650,964$776,977
68$783,042$666,884$635,079$800,564
69$824,033$660,683$617,475$825,524
70$867,981$652,952$598,057$851,992
71$915,148$643,580$576,725$880,118
72$965,823$632,445$553,375$910,067
73$1,020,323$619,421$527,899$942,025
74$1,078,995$604,372$500,183$976,196
75$1,142,222$587,156$470,109$1,012,805
76$1,210,423$567,620$437,552$1,052,104
77$1,284,058$545,606$402,382$1,094,371
78$1,363,635$520,944$364,465$1,139,913
79$1,449,710$493,454$323,658$1,189,072
80$1,542,895$462,947$279,815$1,242,225
81$1,643,861$429,223$232,780$1,299,789
82$1,753,349$392,070$182,392$1,362,229
83$1,872,173$351,263$128,484$1,430,055
84$2,001,225$306,565$70,879$1,503,834
85$2,141,491$257,728$9,395$1,584,193
86$2,294,052$204,486$0$1,671,826
87$2,460,100$146,560$0$1,778,896
88$2,640,945$83,656$0$1,897,629
89$2,838,027$15,461$0$2,027,098
90$3,052,935$0$0$2,168,384
91$3,287,415$0$0$2,332,953
92$3,543,388$0$0$2,515,620
93$3,822,972$0$0$2,715,176
94$4,128,495$0$0$2,933,291
95$4,462,522$0$0$3,171,800
96$4,827,877$0$0$3,432,726
97$5,227,669$0$0$3,718,294
98$5,665,321$0$0$4,030,956
99$6,144,602$0$0$4,373,411
100$6,669,666$0$0$4,748,633