Can I retire at age 66 with 651,000?

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 $651,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.5%
1 years$53,759$53,280$52,813$52,357$51,912$50,331
2 years$26,613$26,118$25,637$25,172$24,720$23,140
3 years$17,566$17,068$16,589$16,128$15,683$14,155
4 years$13,043$12,547$12,073$11,619$11,185$9,720
5 years$10,330$9,837$9,369$8,925$8,503$7,105
6 years$8,522$8,033$7,571$7,137$6,728$5,398
7 years$7,231$6,746$6,292$5,868$5,472$4,210
8 years$6,263$5,782$5,336$4,922$4,539$3,345
9 years$5,511$5,035$4,596$4,193$3,823$2,694
10 years$4,910$4,438$4,007$3,614$3,257$2,193
11 years$4,418$3,951$3,528$3,145$2,801$1,800
12 years$4,008$3,546$3,131$2,759$2,428$1,486
13 years$3,662$3,204$2,797$2,436$2,117$1,234
14 years$3,365$2,913$2,513$2,162$1,856$1,029
15 years$3,109$2,661$2,269$1,928$1,634$861
16 years$2,884$2,441$2,057$1,727$1,444$722
17 years$2,686$2,248$1,872$1,551$1,280$607
18 years$2,511$2,078$1,709$1,398$1,138$511
19 years$2,354$1,925$1,564$1,263$1,015$431
20 years$2,213$1,789$1,436$1,144$906$365
21 years$2,085$1,667$1,321$1,038$811$308
22 years$1,969$1,556$1,217$944$727$261
23 years$1,864$1,455$1,124$860$653$221
24 years$1,767$1,363$1,039$784$587$188
25 years$1,678$1,279$963$716$528$159
26 years$1,597$1,202$893$655$475$135
27 years$1,521$1,132$829$599$429$115
28 years$1,451$1,066$771$549$387$97
29 years$1,386$1,006$717$504$349$83
30 years$1,325$950$668$462$316$70
31 years$1,269$898$623$424$285$60
32 years$1,216$850$581$390$258$51
33 years$1,166$805$543$359$234$43
34 years$1,119$763$507$330$211$37
35 years$1,075$723$474$304$192$31
36 years$1,034$687$443$280$174$27
37 years$995$652$415$258$157$23
38 years$958$620$389$238$143$19
39 years$923$589$364$219$129$16
40 years$890$561$341$202$117$14
41 years$859$534$320$186$106$12
42 years$829$508$300$172$97$10
43 years$800$484$282$159$88$9
44 years$773$462$264$147$80$7
45 years$748$440$248$135$72$6
46 years$723$420$233$125$66$5
47 years$700$401$219$116$60$5
48 years$677$383$206$107$54$4
49 years$656$365$193$99$49$3
50 years$636$349$182$91$45$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $651,000, adding $6,828 every year, while hoping to spend $45,656 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: 43/41/16 Blend
65$651,000$651,000$651,000$651,000
66$724,445$689,942$679,852$751,955
67$749,761$675,172$654,049$757,187
68$776,129$658,147$625,852$757,803
69$803,608$638,710$595,132$757,494
70$832,261$616,693$561,754$756,196
71$862,158$591,917$525,579$753,841
72$893,372$564,195$486,460$750,361
73$925,983$533,327$444,244$745,681
74$960,077$499,104$398,770$739,726
75$995,748$461,303$349,871$732,417
76$1,033,096$419,689$297,373$723,671
77$1,072,230$374,012$241,094$713,404
78$1,113,270$324,011$180,843$701,528
79$1,156,343$269,407$116,421$687,951
80$1,201,590$209,908$47,621$672,578
81$1,249,162$145,203$0$655,314
82$1,299,224$74,965$0$640,462
83$1,351,956$0$0$632,479
84$1,407,552$0$0$623,680
85$1,466,228$0$0$650,120
86$1,528,214$0$0$678,086
87$1,593,764$0$0$707,696
88$1,663,155$0$0$739,080
89$1,736,688$0$0$772,381
90$1,814,695$0$0$807,752
91$1,897,536$0$0$845,364
92$1,985,605$0$0$885,402
93$2,079,335$0$0$928,069
94$2,179,198$0$0$973,587
95$2,285,712$0$0$1,022,199
96$2,399,444$0$0$1,074,174
97$2,521,015$0$0$1,129,802
98$2,651,106$0$0$1,189,406
99$2,790,464$0$0$1,253,337
100$2,939,909$0$0$1,321,980