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%14.5%
1 years$52,768$52,298$51,839$51,392$50,955$50,008
2 years$26,123$25,636$25,165$24,708$24,264$23,314
3 years$17,242$16,754$16,283$15,830$15,394$14,470
4 years$12,803$12,316$11,850$11,405$10,979$10,088
5 years$10,140$9,656$9,196$8,760$8,346$7,491
6 years$8,365$7,885$7,432$7,005$6,604$5,785
7 years$7,098$6,621$6,176$5,760$5,371$4,589
8 years$6,148$5,676$5,238$4,832$4,456$3,710
9 years$5,410$4,942$4,511$4,115$3,752$3,043
10 years$4,819$4,356$3,933$3,548$3,197$2,524
11 years$4,336$3,878$3,463$3,087$2,750$2,111
12 years$3,934$3,481$3,073$2,708$2,383$1,778
13 years$3,594$3,145$2,745$2,391$2,078$1,506
14 years$3,303$2,859$2,467$2,122$1,821$1,282
15 years$3,051$2,612$2,227$1,893$1,604$1,095
16 years$2,831$2,396$2,019$1,695$1,417$938
17 years$2,637$2,207$1,837$1,523$1,257$806
18 years$2,464$2,039$1,677$1,372$1,117$694
19 years$2,310$1,890$1,536$1,240$996$599
20 years$2,172$1,756$1,409$1,123$890$518
21 years$2,047$1,636$1,296$1,019$796$448
22 years$1,933$1,527$1,195$927$714$388
23 years$1,829$1,428$1,103$844$641$337
24 years$1,735$1,338$1,020$770$576$293
25 years$1,647$1,256$945$703$518$254
26 years$1,567$1,180$876$643$467$221
27 years$1,493$1,111$814$588$421$192
28 years$1,424$1,047$756$539$380$167
29 years$1,360$987$704$494$343$146
30 years$1,301$932$656$454$310$127
31 years$1,245$882$611$417$280$111
32 years$1,193$834$570$383$253$96
33 years$1,144$790$533$352$229$84
34 years$1,099$749$498$324$208$73
35 years$1,055$710$465$298$188$64
36 years$1,015$674$435$275$170$56
37 years$977$640$407$253$154$49
38 years$940$608$381$233$140$42
39 years$906$578$357$215$127$37
40 years$874$550$335$198$115$32
41 years$843$524$314$183$104$28
42 years$814$499$295$169$95$25
43 years$786$475$276$156$86$22
44 years$759$453$260$144$78$19
45 years$734$432$244$133$71$16
46 years$710$412$229$123$64$14
47 years$687$393$215$113$58$13
48 years$665$376$202$105$53$11
49 years$644$359$190$97$48$10
50 years$624$343$179$90$44$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $639,000, adding $6,052 every year, while hoping to spend $43,937 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: 51/42/7 Blend
65$639,000$639,000$639,000$639,000
66$710,421$676,554$666,649$745,107
67$736,135$662,956$642,233$755,774
68$762,999$647,220$615,527$762,117
69$791,085$629,193$586,407$767,967
70$820,469$608,717$554,744$773,287
71$851,234$585,621$520,405$778,038
72$883,469$559,726$483,249$782,183
73$917,273$530,843$443,128$785,683
74$952,751$498,770$399,889$788,497
75$990,019$463,297$353,372$790,585
76$1,029,200$424,198$303,409$791,906
77$1,070,432$381,237$249,826$792,420
78$1,113,860$334,162$192,440$792,087
79$1,159,648$282,709$131,060$790,866
80$1,207,969$226,599$65,488$788,719
81$1,259,014$165,535$0$785,607
82$1,312,994$99,206$0$781,831
83$1,370,134$27,282$0$782,262
84$1,430,684$0$0$781,992
85$1,494,915$0$0$804,390
86$1,563,124$0$0$841,598
87$1,635,636$0$0$881,188
88$1,712,806$0$0$923,360
89$1,795,023$0$0$968,330
90$1,882,712$0$0$1,016,337
91$1,976,341$0$0$1,067,642
92$2,076,420$0$0$1,122,531
93$2,183,509$0$0$1,181,317
94$2,298,224$0$0$1,244,344
95$2,421,237$0$0$1,311,990
96$2,553,288$0$0$1,384,668
97$2,695,189$0$0$1,462,834
98$2,847,829$0$0$1,546,986
99$3,012,188$0$0$1,637,672
100$3,189,338$0$0$1,735,494