Can I retire at age 66 with 651,000?

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 $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%18.2%
1 years$53,759$53,280$52,813$52,357$51,912$50,190
2 years$26,613$26,118$25,637$25,172$24,720$23,002
3 years$17,566$17,068$16,589$16,128$15,683$14,023
4 years$13,043$12,547$12,073$11,619$11,185$9,596
5 years$10,330$9,837$9,369$8,925$8,503$6,988
6 years$8,522$8,033$7,571$7,137$6,728$5,289
7 years$7,231$6,746$6,292$5,868$5,472$4,108
8 years$6,263$5,782$5,336$4,922$4,539$3,251
9 years$5,511$5,035$4,596$4,193$3,823$2,607
10 years$4,910$4,438$4,007$3,614$3,257$2,113
11 years$4,418$3,951$3,528$3,145$2,801$1,726
12 years$4,008$3,546$3,131$2,759$2,428$1,419
13 years$3,662$3,204$2,797$2,436$2,117$1,172
14 years$3,365$2,913$2,513$2,162$1,856$973
15 years$3,109$2,661$2,269$1,928$1,634$810
16 years$2,884$2,441$2,057$1,727$1,444$676
17 years$2,686$2,248$1,872$1,551$1,280$565
18 years$2,511$2,078$1,709$1,398$1,138$474
19 years$2,354$1,925$1,564$1,263$1,015$398
20 years$2,213$1,789$1,436$1,144$906$334
21 years$2,085$1,667$1,321$1,038$811$281
22 years$1,969$1,556$1,217$944$727$237
23 years$1,864$1,455$1,124$860$653$199
24 years$1,767$1,363$1,039$784$587$168
25 years$1,678$1,279$963$716$528$142
26 years$1,597$1,202$893$655$475$120
27 years$1,521$1,132$829$599$429$101
28 years$1,451$1,066$771$549$387$85
29 years$1,386$1,006$717$504$349$72
30 years$1,325$950$668$462$316$61
31 years$1,269$898$623$424$285$52
32 years$1,216$850$581$390$258$44
33 years$1,166$805$543$359$234$37
34 years$1,119$763$507$330$211$31
35 years$1,075$723$474$304$192$26
36 years$1,034$687$443$280$174$22
37 years$995$652$415$258$157$19
38 years$958$620$389$238$143$16
39 years$923$589$364$219$129$13
40 years$890$561$341$202$117$11
41 years$859$534$320$186$106$10
42 years$829$508$300$172$97$8
43 years$800$484$282$159$88$7
44 years$773$462$264$147$80$6
45 years$748$440$248$135$72$5
46 years$723$420$233$125$66$4
47 years$700$401$219$116$60$4
48 years$677$383$206$107$54$3
49 years$656$365$193$99$49$3
50 years$636$349$182$91$45$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $651,000, adding $6,214 every year, while hoping to spend $32,277 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: 65/22/13 Blend
65$651,000$651,000$651,000$651,000
66$723,812$689,309$679,218$768,279
67$763,298$688,742$667,630$798,194
68$805,730$687,067$654,571$826,535
69$851,375$684,193$639,959$856,695
70$900,524$680,027$623,706$888,849
71$953,499$674,470$605,722$923,193
72$1,010,652$667,416$585,911$959,942
73$1,072,373$658,753$564,172$999,336
74$1,139,085$648,362$540,403$1,041,636
75$1,211,258$636,119$514,493$1,087,137
76$1,289,407$621,889$486,328$1,136,159
77$1,374,096$605,531$455,790$1,189,061
78$1,465,949$586,897$422,754$1,246,236
79$1,565,649$565,828$387,090$1,308,122
80$1,673,949$542,158$348,661$1,375,199
81$1,791,677$515,708$307,326$1,448,001
82$1,919,743$486,292$262,936$1,527,118
83$2,059,148$453,713$215,337$1,613,201
84$2,210,997$417,760$164,366$1,706,969
85$2,376,501$378,213$109,855$1,809,219
86$2,556,996$334,837$51,627$1,920,828
87$2,753,952$287,386$0$2,042,768
88$2,968,985$235,599$0$2,177,570
89$3,203,877$179,198$0$2,332,697
90$3,460,588$117,894$0$2,502,318
91$3,741,275$51,379$0$2,687,907
92$4,048,315$0$0$2,891,091
93$4,384,325$0$0$3,118,670
94$4,752,185$0$0$3,381,481
95$5,155,066$0$0$3,669,356
96$5,596,464$0$0$3,984,798
97$6,080,226$0$0$4,330,562
98$6,610,588$0$0$4,709,682
99$7,192,217$0$0$5,125,500
100$7,830,255$0$0$5,581,699