Can I retire at age 66 with 641,000?

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 $641,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.8%
1 years$52,933$52,462$52,002$51,553$51,114$49,106
2 years$26,205$25,717$25,244$24,785$24,340$22,341
3 years$17,296$16,806$16,334$15,880$15,442$13,516
4 years$12,843$12,354$11,887$11,441$11,014$9,174
5 years$10,172$9,686$9,225$8,787$8,372$6,625
6 years$8,391$7,909$7,455$7,027$6,625$4,970
7 years$7,120$6,642$6,195$5,778$5,388$3,826
8 years$6,167$5,694$5,254$4,847$4,470$2,998
9 years$5,426$4,957$4,525$4,128$3,764$2,381
10 years$4,834$4,370$3,945$3,559$3,207$1,910
11 years$4,350$3,890$3,473$3,097$2,758$1,545
12 years$3,947$3,491$3,083$2,717$2,390$1,256
13 years$3,606$3,155$2,754$2,398$2,084$1,027
14 years$3,314$2,868$2,474$2,129$1,827$842
15 years$3,061$2,620$2,234$1,899$1,609$693
16 years$2,840$2,404$2,026$1,700$1,422$572
17 years$2,645$2,214$1,843$1,527$1,261$473
18 years$2,472$2,046$1,683$1,377$1,121$391
19 years$2,318$1,896$1,540$1,244$999$325
20 years$2,179$1,762$1,414$1,127$892$269
21 years$2,053$1,641$1,300$1,022$799$224
22 years$1,939$1,532$1,198$930$716$186
23 years$1,835$1,433$1,107$847$643$155
24 years$1,740$1,342$1,023$772$578$129
25 years$1,653$1,260$948$705$520$107
26 years$1,572$1,184$879$645$468$90
27 years$1,498$1,114$816$590$422$75
28 years$1,429$1,050$759$541$381$62
29 years$1,365$990$706$496$344$52
30 years$1,305$935$658$455$311$43
31 years$1,249$884$613$418$281$36
32 years$1,197$837$572$384$254$30
33 years$1,148$792$534$353$230$25
34 years$1,102$751$499$325$208$21
35 years$1,059$712$467$299$189$17
36 years$1,018$676$437$276$171$15
37 years$980$642$409$254$155$12
38 years$943$610$383$234$140$10
39 years$909$580$358$216$127$8
40 years$876$552$336$199$115$7
41 years$845$526$315$184$105$6
42 years$816$500$296$169$95$5
43 years$788$477$277$156$86$4
44 years$762$455$260$144$78$3
45 years$736$433$244$133$71$3
46 years$712$414$230$123$65$2
47 years$689$395$216$114$59$2
48 years$667$377$203$105$53$2
49 years$646$360$191$97$48$1
50 years$626$344$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 $641,000, adding $6,741 every year, while hoping to spend $37,920 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: 85/7/8 Blend
65$641,000$641,000$641,000$641,000
66$713,335$679,362$669,427$772,770
67$745,749$672,305$651,506$805,521
68$780,198$663,630$631,714$835,634
69$816,850$653,219$609,948$867,524
70$855,888$640,946$586,101$901,343
71$897,513$626,677$560,059$937,262
72$941,944$610,270$531,707$975,466
73$989,424$591,575$500,921$1,016,160
74$1,040,216$570,433$467,572$1,059,569
75$1,094,610$546,676$431,528$1,105,941
76$1,152,923$520,126$392,647$1,155,550
77$1,215,504$490,594$350,783$1,208,696
78$1,282,735$457,883$305,784$1,265,710
79$1,355,036$421,782$257,490$1,326,956
80$1,432,868$382,067$205,734$1,392,837
81$1,516,737$338,504$150,342$1,463,794
82$1,607,198$290,845$91,133$1,540,316
83$1,704,862$238,827$27,916$1,622,940
84$1,810,401$182,172$0$1,712,258
85$1,924,552$120,588$0$1,812,297
86$2,048,125$53,766$0$1,923,163
87$2,182,011$0$0$2,043,282
88$2,327,190$0$0$2,174,981
89$2,484,740$0$0$2,322,403
90$2,655,846$0$0$2,482,519
91$2,841,811$0$0$2,656,548
92$3,044,069$0$0$2,845,834
93$3,264,198$0$0$3,051,854
94$3,503,933$0$0$3,276,234
95$3,765,185$0$0$3,520,762
96$4,050,056$0$0$3,787,409
97$4,360,860$0$0$4,078,342
98$4,700,143$0$0$4,395,944
99$5,070,709$0$0$4,742,843
100$5,475,644$0$0$5,121,929