Can I retire at age 66 with 644,000?

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 $644,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.9%
1 years$53,181$52,707$52,245$51,794$51,353$49,512
2 years$26,327$25,837$25,362$24,901$24,454$22,618
3 years$17,377$16,885$16,411$15,954$15,515$13,743
4 years$12,903$12,412$11,943$11,494$11,065$9,371
5 years$10,219$9,731$9,268$8,829$8,412$6,799
6 years$8,431$7,946$7,490$7,060$6,656$5,126
7 years$7,153$6,673$6,224$5,805$5,413$3,966
8 years$6,196$5,720$5,279$4,869$4,491$3,125
9 years$5,452$4,980$4,546$4,148$3,782$2,496
10 years$4,857$4,390$3,964$3,575$3,222$2,014
11 years$4,370$3,908$3,490$3,112$2,771$1,638
12 years$3,965$3,508$3,097$2,729$2,401$1,340
13 years$3,623$3,170$2,767$2,410$2,094$1,102
14 years$3,329$2,881$2,486$2,139$1,836$910
15 years$3,075$2,632$2,245$1,908$1,616$753
16 years$2,853$2,415$2,035$1,708$1,428$626
17 years$2,657$2,224$1,852$1,535$1,267$521
18 years$2,484$2,055$1,690$1,383$1,126$434
19 years$2,328$1,905$1,548$1,250$1,004$362
20 years$2,189$1,770$1,420$1,132$897$303
21 years$2,063$1,649$1,306$1,027$802$253
22 years$1,948$1,539$1,204$934$719$212
23 years$1,844$1,439$1,112$851$646$178
24 years$1,748$1,349$1,028$776$580$149
25 years$1,660$1,266$952$708$522$125
26 years$1,579$1,189$883$648$470$105
27 years$1,505$1,119$820$593$424$88
28 years$1,435$1,055$762$543$383$74
29 years$1,371$995$709$498$346$62
30 years$1,311$940$661$457$312$52
31 years$1,255$888$616$420$282$44
32 years$1,202$841$575$386$255$37
33 years$1,153$796$537$355$231$31
34 years$1,107$754$501$327$209$26
35 years$1,064$716$469$301$189$22
36 years$1,023$679$439$277$172$18
37 years$984$645$411$255$156$15
38 years$948$613$384$235$141$13
39 years$913$583$360$217$128$11
40 years$880$555$338$200$116$9
41 years$849$528$317$184$105$8
42 years$820$503$297$170$96$7
43 years$792$479$279$157$87$5
44 years$765$457$262$145$79$5
45 years$740$435$246$134$71$4
46 years$715$415$231$124$65$3
47 years$692$396$217$114$59$3
48 years$670$378$204$106$53$2
49 years$649$361$191$98$49$2
50 years$629$345$180$90$44$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $644,000, adding $3,233 every year, while hoping to spend $34,724 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: 69/23/8 Blend
65$644,000$644,000$644,000$644,000
66$713,023$678,891$668,909$760,988
67$748,805$675,210$654,371$789,504
68$787,073$670,186$638,183$816,149
69$828,045$663,715$620,252$844,360
70$871,956$655,688$600,481$874,283
71$919,070$645,991$578,772$906,081
72$969,672$634,501$555,017$939,932
73$1,024,076$621,089$529,108$976,037
74$1,082,627$605,618$500,929$1,014,614
75$1,145,705$587,943$470,359$1,055,907
76$1,213,725$567,911$437,275$1,100,185
77$1,287,145$545,358$401,543$1,147,746
78$1,366,467$520,113$363,028$1,198,919
79$1,452,242$491,995$321,585$1,254,069
80$1,545,078$460,810$277,065$1,313,597
81$1,645,642$426,355$229,312$1,377,949
82$1,754,666$388,415$178,163$1,447,618
83$1,872,958$346,763$123,448$1,523,147
84$2,001,403$301,159$64,987$1,605,140
85$2,140,979$251,348$2,597$1,694,260
86$2,292,757$197,063$0$1,791,244
87$2,457,919$138,020$0$1,902,366
88$2,637,764$73,919$0$2,023,654
89$2,833,720$4,446$0$2,155,897
90$3,047,361$0$0$2,300,211
91$3,280,419$0$0$2,475,729
92$3,534,799$0$0$2,668,567
93$3,812,598$0$0$2,879,195
94$4,116,126$0$0$3,109,367
95$4,447,926$0$0$3,361,016
96$4,810,795$0$0$3,636,271
97$5,207,817$0$0$3,937,472
98$5,642,384$0$0$4,267,201
99$6,118,233$0$0$4,628,298
100$6,639,478$0$0$5,023,890