Can I retire at age 66 with 649,000?

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 $649,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.3%
1 years$53,594$53,116$52,651$52,196$51,752$51,254
2 years$26,532$26,037$25,559$25,094$24,644$24,142
3 years$17,512$17,016$16,538$16,078$15,635$15,146
4 years$13,003$12,508$12,035$11,583$11,151$10,677
5 years$10,299$9,807$9,340$8,897$8,477$8,020
6 years$8,496$8,008$7,548$7,115$6,707$6,268
7 years$7,209$6,725$6,273$5,850$5,455$5,033
8 years$6,244$5,765$5,320$4,907$4,525$4,122
9 years$5,494$5,019$4,582$4,180$3,811$3,425
10 years$4,895$4,424$3,994$3,603$3,247$2,879
11 years$4,404$3,939$3,517$3,136$2,793$2,441
12 years$3,996$3,535$3,121$2,750$2,420$2,085
13 years$3,651$3,195$2,788$2,428$2,110$1,792
14 years$3,355$2,904$2,505$2,156$1,850$1,548
15 years$3,099$2,653$2,262$1,922$1,629$1,342
16 years$2,875$2,434$2,051$1,721$1,440$1,168
17 years$2,678$2,241$1,866$1,547$1,276$1,019
18 years$2,503$2,071$1,704$1,394$1,135$892
19 years$2,346$1,920$1,560$1,259$1,012$782
20 years$2,206$1,784$1,431$1,141$904$687
21 years$2,079$1,661$1,317$1,035$809$605
22 years$1,963$1,551$1,213$941$725$533
23 years$1,858$1,451$1,120$857$651$470
24 years$1,762$1,359$1,036$782$585$415
25 years$1,673$1,275$960$714$526$367
26 years$1,592$1,199$890$653$474$325
27 years$1,516$1,128$826$598$427$288
28 years$1,446$1,063$768$547$386$255
29 years$1,382$1,003$715$502$348$226
30 years$1,321$947$666$461$315$200
31 years$1,265$895$621$423$284$178
32 years$1,212$847$579$389$257$158
33 years$1,162$802$541$358$233$140
34 years$1,116$760$505$329$211$125
35 years$1,072$721$472$303$191$111
36 years$1,031$685$442$279$173$98
37 years$992$650$414$257$157$87
38 years$955$618$387$237$142$78
39 years$920$588$363$218$129$69
40 years$887$559$340$201$117$61
41 years$856$532$319$186$106$55
42 years$826$507$299$172$96$49
43 years$798$483$281$158$87$43
44 years$771$460$264$146$79$39
45 years$745$439$247$135$72$34
46 years$721$419$232$125$65$30
47 years$698$400$218$115$59$27
48 years$675$381$205$106$54$24
49 years$654$364$193$98$49$22
50 years$634$348$181$91$44$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $649,000, adding $2,054 every year, while hoping to spend $36,336 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: 83/8/9 Blend
65$649,000$649,000$649,000$649,000
66$717,317$682,920$672,860$775,804
67$751,822$677,722$656,740$809,164
68$788,629$671,051$638,862$840,718
69$827,933$662,797$619,128$874,256
70$869,952$652,843$597,438$909,954
71$914,919$641,065$573,685$948,008
72$963,095$627,331$547,757$988,634
73$1,014,762$611,502$519,538$1,032,070
74$1,070,232$593,430$488,907$1,078,575
75$1,129,848$572,960$455,737$1,128,438
76$1,193,983$549,926$419,896$1,181,976
77$1,263,050$524,153$381,243$1,239,538
78$1,337,502$495,457$339,635$1,301,510
79$1,417,834$463,641$294,920$1,368,315
80$1,504,593$428,500$246,940$1,440,420
81$1,598,380$389,814$195,530$1,518,341
82$1,699,852$347,353$140,518$1,602,646
83$1,809,736$300,872$81,724$1,693,960
84$1,928,827$250,113$18,961$1,792,974
85$2,058,003$194,803$0$1,900,447
86$2,198,226$134,656$0$2,021,830
87$2,350,556$69,365$0$2,155,679
88$2,516,159$0$0$2,301,209
89$2,696,319$0$0$2,459,687
90$2,892,445$0$0$2,638,871
91$3,106,091$0$0$2,834,072
92$3,338,965$0$0$3,046,853
93$3,592,948$0$0$3,278,936
94$3,870,109$0$0$3,532,211
95$4,172,727$0$0$3,808,764
96$4,503,311$0$0$4,110,888
97$4,864,620$0$0$4,441,107
98$5,259,695$0$0$4,802,203
99$5,691,882$0$0$5,197,235
100$6,164,867$0$0$5,629,575