Can I retire at age 66 with 645,000?

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 $645,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.6%
1 years$53,263$52,789$52,326$51,874$51,433$50,048
2 years$26,368$25,877$25,401$24,940$24,492$23,106
3 years$17,404$16,911$16,436$15,979$15,539$14,196
4 years$12,923$12,431$11,961$11,512$11,082$9,793
5 years$10,235$9,746$9,282$8,842$8,425$7,192
6 years$8,444$7,959$7,502$7,071$6,666$5,491
7 years$7,165$6,684$6,234$5,814$5,421$4,304
8 years$6,206$5,729$5,287$4,877$4,498$3,438
9 years$5,460$4,988$4,554$4,154$3,788$2,784
10 years$4,864$4,397$3,970$3,581$3,227$2,279
11 years$4,377$3,914$3,495$3,116$2,775$1,881
12 years$3,971$3,513$3,102$2,734$2,405$1,563
13 years$3,628$3,175$2,771$2,413$2,097$1,306
14 years$3,334$2,886$2,490$2,142$1,839$1,095
15 years$3,080$2,636$2,248$1,911$1,619$922
16 years$2,858$2,419$2,038$1,711$1,431$778
17 years$2,662$2,228$1,855$1,537$1,269$659
18 years$2,488$2,058$1,693$1,385$1,128$559
19 years$2,332$1,908$1,550$1,252$1,005$475
20 years$2,192$1,773$1,422$1,134$898$404
21 years$2,066$1,651$1,308$1,029$804$344
22 years$1,951$1,541$1,206$935$720$293
23 years$1,847$1,442$1,113$852$647$250
24 years$1,751$1,351$1,030$777$581$214
25 years$1,663$1,268$954$710$523$183
26 years$1,582$1,191$885$649$471$156
27 years$1,507$1,121$821$594$425$134
28 years$1,438$1,056$764$544$383$114
29 years$1,373$997$711$499$346$98
30 years$1,313$941$662$458$313$84
31 years$1,257$890$617$421$283$72
32 years$1,204$842$576$387$256$61
33 years$1,155$797$538$355$231$53
34 years$1,109$756$502$327$210$45
35 years$1,065$717$470$301$190$39
36 years$1,024$680$439$277$172$33
37 years$986$646$411$255$156$28
38 years$949$614$385$235$141$24
39 years$915$584$361$217$128$21
40 years$882$556$338$200$116$18
41 years$851$529$317$185$105$15
42 years$821$504$297$171$96$13
43 years$793$480$279$157$87$11
44 years$766$457$262$145$79$10
45 years$741$436$246$134$72$8
46 years$717$416$231$124$65$7
47 years$693$397$217$115$59$6
48 years$671$379$204$106$54$5
49 years$650$362$192$98$49$4
50 years$630$346$180$90$44$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $645,000, adding $5,307 every year, while hoping to spend $53,485 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: 49/45/6 Blend
65$645,000$645,000$645,000$645,000
66$716,264$682,079$672,082$750,014
67$732,415$658,593$637,689$750,135
68$748,422$632,164$600,351$744,120
69$764,211$602,591$559,914$736,315
70$779,704$569,661$516,214$726,568
71$794,810$533,151$469,083$714,713
72$809,428$492,822$418,344$700,573
73$823,443$448,424$363,812$683,956
74$836,728$399,691$305,294$664,657
75$849,141$346,342$242,589$642,453
76$860,523$288,083$175,485$617,107
77$870,696$224,599$103,763$588,360
78$879,463$155,559$27,195$555,937
79$886,602$80,616$0$519,538
80$891,869$0$0$482,332
81$894,990$0$0$442,864
82$895,662$0$0$441,954
83$893,548$0$0$439,499
84$888,274$0$0$435,297
85$879,425$0$0$429,122
86$866,541$0$0$420,724
87$849,111$0$0$409,825
88$826,571$0$0$396,120
89$798,293$0$0$379,269
90$763,583$0$0$358,895
91$721,676$0$0$334,583
92$671,720$0$0$305,872
93$612,777$0$0$272,253
94$543,806$0$0$233,164
95$463,659$0$0$187,981
96$371,064$0$0$136,016
97$264,619$0$0$76,511
98$142,772$0$0$8,625
99$3,807$0$0$0
100$0$0$0$0