Can I retire at age 66 with 648,000?

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 $648,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.6%
1 years$53,511$53,035$52,570$52,116$51,672$50,079
2 years$26,491$25,997$25,519$25,056$24,606$23,014
3 years$17,485$16,990$16,513$16,053$15,611$14,071
4 years$12,983$12,489$12,017$11,566$11,134$9,658
5 years$10,283$9,792$9,326$8,883$8,464$7,055
6 years$8,483$7,996$7,537$7,104$6,697$5,358
7 years$7,198$6,715$6,263$5,841$5,447$4,176
8 years$6,235$5,756$5,311$4,900$4,518$3,316
9 years$5,486$5,011$4,575$4,173$3,805$2,669
10 years$4,887$4,417$3,988$3,598$3,242$2,171
11 years$4,397$3,932$3,511$3,131$2,788$1,781
12 years$3,990$3,530$3,116$2,746$2,416$1,470
13 years$3,645$3,190$2,784$2,425$2,107$1,219
14 years$3,350$2,899$2,502$2,152$1,847$1,016
15 years$3,094$2,649$2,259$1,919$1,626$849
16 years$2,871$2,430$2,048$1,719$1,437$712
17 years$2,674$2,238$1,863$1,544$1,274$598
18 years$2,499$2,068$1,701$1,392$1,133$503
19 years$2,343$1,917$1,557$1,257$1,010$424
20 years$2,202$1,781$1,429$1,139$902$358
21 years$2,075$1,659$1,314$1,034$807$303
22 years$1,960$1,549$1,211$940$724$256
23 years$1,855$1,448$1,119$856$650$217
24 years$1,759$1,357$1,035$781$584$184
25 years$1,671$1,273$958$713$525$156
26 years$1,589$1,197$889$652$473$132
27 years$1,514$1,126$825$597$427$112
28 years$1,444$1,061$767$547$385$95
29 years$1,379$1,001$714$501$348$81
30 years$1,319$946$665$460$314$69
31 years$1,263$894$620$423$284$58
32 years$1,210$846$578$388$257$49
33 years$1,160$801$540$357$232$42
34 years$1,114$759$505$329$210$36
35 years$1,070$720$472$302$191$30
36 years$1,029$683$441$279$173$26
37 years$990$649$413$257$157$22
38 years$954$617$387$237$142$19
39 years$919$587$362$218$129$16
40 years$886$558$340$201$117$13
41 years$855$531$319$186$106$11
42 years$825$506$299$171$96$10
43 years$797$482$280$158$87$8
44 years$770$460$263$146$79$7
45 years$744$438$247$135$72$6
46 years$720$418$232$125$65$5
47 years$697$399$218$115$59$4
48 years$674$381$205$106$54$4
49 years$653$364$193$98$49$3
50 years$633$347$181$91$44$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $648,000, adding $5,993 every year, while hoping to spend $37,694 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: 66/13/21 Blend
65$648,000$648,000$648,000$648,000
66$720,278$685,934$675,890$763,606
67$753,640$679,438$658,426$786,931
68$789,142$671,361$639,114$807,562
69$826,962$661,586$617,851$829,226
70$867,295$649,986$594,533$852,027
71$910,356$636,432$569,046$876,078
72$956,378$620,784$541,276$901,506
73$1,005,620$602,894$511,100$928,451
74$1,058,363$582,605$478,391$957,069
75$1,114,916$559,753$443,017$987,534
76$1,175,618$534,161$404,839$1,020,038
77$1,240,842$505,646$363,711$1,054,797
78$1,310,996$474,010$319,484$1,092,047
79$1,386,528$439,048$271,997$1,132,053
80$1,467,932$400,539$221,087$1,175,107
81$1,555,748$358,253$166,581$1,221,533
82$1,650,571$311,944$108,298$1,271,693
83$1,753,055$261,355$46,052$1,325,985
84$1,863,917$206,211$0$1,384,853
85$1,983,946$146,225$0$1,453,351
86$2,114,011$81,092$0$1,538,766
87$2,255,065$10,491$0$1,631,419
88$2,408,157$0$0$1,732,026
89$2,574,441$0$0$1,850,806
90$2,755,187$0$0$1,981,585
91$2,951,791$0$0$2,123,876
92$3,165,789$0$0$2,278,795
93$3,398,872$0$0$2,447,573
94$3,652,899$0$0$2,631,561
95$3,929,919$0$0$2,832,247
96$4,232,184$0$0$3,051,269
97$4,562,174$0$0$3,290,431
98$4,922,621$0$0$3,551,718
99$5,316,528$0$0$3,837,313
100$5,747,206$0$0$4,149,625