Can I retire at age 66 with 640,000?

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 $640,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.7%
1 years$52,851$52,380$51,921$51,472$51,034$50,045
2 years$26,164$25,676$25,204$24,746$24,302$23,309
3 years$17,269$16,780$16,309$15,855$15,418$14,453
4 years$12,823$12,335$11,869$11,423$10,996$10,066
5 years$10,156$9,671$9,211$8,774$8,359$7,467
6 years$8,378$7,897$7,443$7,016$6,614$5,760
7 years$7,109$6,632$6,186$5,769$5,379$4,564
8 years$6,158$5,685$5,246$4,839$4,463$3,686
9 years$5,418$4,950$4,518$4,122$3,758$3,020
10 years$4,827$4,363$3,939$3,553$3,202$2,501
11 years$4,343$3,884$3,468$3,092$2,754$2,090
12 years$3,941$3,486$3,078$2,712$2,387$1,758
13 years$3,600$3,150$2,750$2,395$2,081$1,487
14 years$3,309$2,864$2,471$2,126$1,824$1,264
15 years$3,056$2,616$2,231$1,896$1,606$1,078
16 years$2,835$2,400$2,022$1,697$1,420$923
17 years$2,641$2,210$1,840$1,525$1,259$792
18 years$2,468$2,042$1,680$1,374$1,119$681
19 years$2,314$1,893$1,538$1,242$998$587
20 years$2,175$1,759$1,411$1,125$891$506
21 years$2,050$1,638$1,298$1,021$797$437
22 years$1,936$1,529$1,197$928$715$379
23 years$1,832$1,430$1,105$845$642$328
24 years$1,737$1,340$1,022$771$577$284
25 years$1,650$1,258$946$704$519$247
26 years$1,570$1,182$878$644$467$214
27 years$1,495$1,112$815$589$421$186
28 years$1,426$1,048$758$540$380$162
29 years$1,362$989$705$495$343$140
30 years$1,303$934$657$454$310$122
31 years$1,247$883$612$417$280$106
32 years$1,195$835$571$384$254$92
33 years$1,146$791$533$353$230$81
34 years$1,100$750$498$324$208$70
35 years$1,057$711$466$299$188$61
36 years$1,016$675$436$275$171$53
37 years$978$641$408$253$155$46
38 years$942$609$382$234$140$40
39 years$908$579$358$215$127$35
40 years$875$551$335$199$115$31
41 years$844$525$315$183$105$27
42 years$815$500$295$169$95$23
43 years$787$476$277$156$86$20
44 years$760$454$260$144$78$18
45 years$735$433$244$133$71$15
46 years$711$413$229$123$64$13
47 years$688$394$215$114$59$12
48 years$666$376$202$105$53$10
49 years$645$359$190$97$48$9
50 years$625$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 $640,000, adding $2,468 every year, while hoping to spend $47,611 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: 67/24/9 Blend
65$640,000$640,000$640,000$640,000
66$707,826$673,906$663,986$753,828
67$729,366$656,269$635,572$767,071
68$751,508$636,173$604,610$775,612
69$774,263$613,446$570,965$783,698
70$797,640$587,908$534,495$791,278
71$821,651$559,367$495,052$798,298
72$846,304$527,621$452,481$804,698
73$871,609$492,456$406,621$810,417
74$897,572$453,645$357,302$815,389
75$924,201$410,951$304,348$819,541
76$951,502$364,119$247,576$822,797
77$979,477$312,883$186,792$825,074
78$1,008,130$256,961$121,796$826,286
79$1,037,461$196,054$52,378$826,338
80$1,067,469$129,847$0$825,130
81$1,098,149$58,008$0$824,637
82$1,129,496$0$0$828,165
83$1,161,498$0$0$835,809
84$1,194,144$0$0$859,227
85$1,227,417$0$0$883,086
86$1,261,294$0$0$907,370
87$1,295,751$0$0$932,057
88$1,330,755$0$0$957,126
89$1,366,268$0$0$982,546
90$1,402,247$0$0$1,008,285
91$1,438,640$0$0$1,034,303
92$1,475,385$0$0$1,060,554
93$1,512,413$0$0$1,086,987
94$1,549,645$0$0$1,113,541
95$1,586,987$0$0$1,140,148
96$1,624,336$0$0$1,166,729
97$1,661,571$0$0$1,193,195
98$1,698,559$0$0$1,219,446
99$1,735,146$0$0$1,245,367
100$1,771,159$0$0$1,270,831