Can I retire at age 66 with 645,000?

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 $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%14.6%
1 years$53,263$52,789$52,326$51,874$51,433$50,457
2 years$26,368$25,877$25,401$24,940$24,492$23,512
3 years$17,404$16,911$16,436$15,979$15,539$14,586
4 years$12,923$12,431$11,961$11,512$11,082$10,164
5 years$10,235$9,746$9,282$8,842$8,425$7,543
6 years$8,444$7,959$7,502$7,071$6,666$5,823
7 years$7,165$6,684$6,234$5,814$5,421$4,616
8 years$6,206$5,729$5,287$4,877$4,498$3,730
9 years$5,460$4,988$4,554$4,154$3,788$3,058
10 years$4,864$4,397$3,970$3,581$3,227$2,534
11 years$4,377$3,914$3,495$3,116$2,775$2,118
12 years$3,971$3,513$3,102$2,734$2,405$1,783
13 years$3,628$3,175$2,771$2,413$2,097$1,509
14 years$3,334$2,886$2,490$2,142$1,839$1,284
15 years$3,080$2,636$2,248$1,911$1,619$1,096
16 years$2,858$2,419$2,038$1,711$1,431$938
17 years$2,662$2,228$1,855$1,537$1,269$806
18 years$2,488$2,058$1,693$1,385$1,128$693
19 years$2,332$1,908$1,550$1,252$1,005$598
20 years$2,192$1,773$1,422$1,134$898$516
21 years$2,066$1,651$1,308$1,029$804$447
22 years$1,951$1,541$1,206$935$720$387
23 years$1,847$1,442$1,113$852$647$335
24 years$1,751$1,351$1,030$777$581$291
25 years$1,663$1,268$954$710$523$253
26 years$1,582$1,191$885$649$471$219
27 years$1,507$1,121$821$594$425$191
28 years$1,438$1,056$764$544$383$166
29 years$1,373$997$711$499$346$144
30 years$1,313$941$662$458$313$126
31 years$1,257$890$617$421$283$109
32 years$1,204$842$576$387$256$95
33 years$1,155$797$538$355$231$83
34 years$1,109$756$502$327$210$72
35 years$1,065$717$470$301$190$63
36 years$1,024$680$439$277$172$55
37 years$986$646$411$255$156$48
38 years$949$614$385$235$141$42
39 years$915$584$361$217$128$36
40 years$882$556$338$200$116$32
41 years$851$529$317$185$105$28
42 years$821$504$297$171$96$24
43 years$793$480$279$157$87$21
44 years$766$457$262$145$79$18
45 years$741$436$246$134$72$16
46 years$717$416$231$124$65$14
47 years$693$397$217$115$59$12
48 years$671$379$204$106$54$11
49 years$650$362$192$98$49$9
50 years$630$346$180$90$44$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $645,000, adding $6,462 every year, while hoping to spend $27,968 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: 41/35/24 Blend
65$645,000$645,000$645,000$645,000
66$717,456$683,271$673,273$741,576
67$760,878$686,993$666,070$763,216
68$807,793$689,961$657,688$783,486
69$858,526$692,107$648,059$804,872
70$913,436$693,361$637,109$827,493
71$972,918$693,647$624,764$851,480
72$1,037,407$692,887$610,945$876,982
73$1,107,378$690,994$595,567$904,161
74$1,183,358$687,880$578,546$933,200
75$1,265,923$683,448$559,790$964,303
76$1,355,708$677,598$539,204$997,696
77$1,453,412$670,222$516,689$1,033,631
78$1,559,803$661,207$492,142$1,072,388
79$1,675,729$650,431$465,453$1,114,278
80$1,802,118$637,768$436,511$1,159,646
81$1,939,996$623,081$405,197$1,208,876
82$2,090,491$606,227$371,386$1,262,396
83$2,254,844$587,055$334,950$1,320,677
84$2,434,421$565,403$295,754$1,384,245
85$2,630,727$541,103$253,657$1,453,683
86$2,845,418$513,974$208,511$1,529,636
87$3,080,317$483,825$160,163$1,612,820
88$3,337,434$450,457$108,452$1,704,030
89$3,618,978$413,655$53,212$1,804,144
90$3,927,385$373,196$0$1,914,137
91$4,265,337$328,841$0$2,036,559
92$4,635,787$280,340$0$2,185,771
93$5,041,988$227,426$0$2,349,505
94$5,487,521$169,821$0$2,529,276
95$5,976,333$107,227$0$2,726,757
96$6,512,770$39,332$0$2,943,798
97$7,101,619$0$0$3,182,440
98$7,748,155$0$0$3,458,107
99$8,458,185$0$0$3,777,569
100$9,238,110$0$0$4,128,568