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%11.2%
1 years$53,263$52,789$52,326$51,874$51,433$51,173
2 years$26,368$25,877$25,401$24,940$24,492$24,230
3 years$17,404$16,911$16,436$15,979$15,539$15,282
4 years$12,923$12,431$11,961$11,512$11,082$10,834
5 years$10,235$9,746$9,282$8,842$8,425$8,184
6 years$8,444$7,959$7,502$7,071$6,666$6,435
7 years$7,165$6,684$6,234$5,814$5,421$5,199
8 years$6,206$5,729$5,287$4,877$4,498$4,284
9 years$5,460$4,988$4,554$4,154$3,788$3,583
10 years$4,864$4,397$3,970$3,581$3,227$3,031
11 years$4,377$3,914$3,495$3,116$2,775$2,588
12 years$3,971$3,513$3,102$2,734$2,405$2,226
13 years$3,628$3,175$2,771$2,413$2,097$1,926
14 years$3,334$2,886$2,490$2,142$1,839$1,676
15 years$3,080$2,636$2,248$1,911$1,619$1,464
16 years$2,858$2,419$2,038$1,711$1,431$1,283
17 years$2,662$2,228$1,855$1,537$1,269$1,129
18 years$2,488$2,058$1,693$1,385$1,128$995
19 years$2,332$1,908$1,550$1,252$1,005$880
20 years$2,192$1,773$1,422$1,134$898$779
21 years$2,066$1,651$1,308$1,029$804$691
22 years$1,951$1,541$1,206$935$720$614
23 years$1,847$1,442$1,113$852$647$546
24 years$1,751$1,351$1,030$777$581$487
25 years$1,663$1,268$954$710$523$434
26 years$1,582$1,191$885$649$471$387
27 years$1,507$1,121$821$594$425$346
28 years$1,438$1,056$764$544$383$309
29 years$1,373$997$711$499$346$276
30 years$1,313$941$662$458$313$247
31 years$1,257$890$617$421$283$222
32 years$1,204$842$576$387$256$198
33 years$1,155$797$538$355$231$178
34 years$1,109$756$502$327$210$159
35 years$1,065$717$470$301$190$143
36 years$1,024$680$439$277$172$128
37 years$986$646$411$255$156$115
38 years$949$614$385$235$141$103
39 years$915$584$361$217$128$93
40 years$882$556$338$200$116$83
41 years$851$529$317$185$105$75
42 years$821$504$297$171$96$67
43 years$793$480$279$157$87$60
44 years$766$457$262$145$79$54
45 years$741$436$246$134$72$49
46 years$717$416$231$124$65$44
47 years$693$397$217$115$59$39
48 years$671$379$204$106$54$35
49 years$650$362$192$98$49$32
50 years$630$346$180$90$44$29

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $645,000, adding $6,044 every year, while hoping to spend $42,101 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: 30/40/30 Blend
65$645,000$645,000$645,000$645,000
66$717,024$682,839$672,842$731,807
67$745,366$671,503$650,587$732,594
68$775,187$658,201$626,175$729,387
69$806,594$642,791$599,491$725,119
70$839,704$625,125$570,411$719,726
71$874,642$605,044$538,808$713,146
72$911,546$582,382$504,549$705,312
73$950,567$556,962$467,494$696,156
74$991,869$528,597$427,499$685,610
75$1,035,630$497,089$384,410$673,603
76$1,082,046$462,228$338,070$660,062
77$1,131,331$423,794$288,312$644,913
78$1,183,719$381,552$234,963$628,083
79$1,239,467$335,256$177,842$609,497
80$1,298,853$284,644$116,760$589,078
81$1,362,184$229,440$51,520$566,751
82$1,429,798$169,353$0$542,443
83$1,502,060$104,075$0$521,872
84$1,579,377$33,281$0$517,148
85$1,662,188$0$0$511,764
86$1,750,981$0$0$524,820
87$1,846,286$0$0$554,625
88$1,948,690$0$0$586,723
89$2,058,831$0$0$621,324
90$2,177,416$0$0$658,660
91$2,305,217$0$0$698,983
92$2,443,083$0$0$742,573
93$2,591,947$0$0$789,737
94$2,752,835$0$0$840,811
95$2,926,874$0$0$896,166
96$3,115,302$0$0$956,209
97$3,319,481$0$0$1,021,389
98$3,540,909$0$0$1,092,198
99$3,781,232$0$0$1,169,178
100$4,042,261$0$0$1,252,926