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%11.1%
1 years$53,759$53,280$52,813$52,357$51,912$51,671
2 years$26,613$26,118$25,637$25,172$24,720$24,477
3 years$17,566$17,068$16,589$16,128$15,683$15,446
4 years$13,043$12,547$12,073$11,619$11,185$10,955
5 years$10,330$9,837$9,369$8,925$8,503$8,280
6 years$8,522$8,033$7,571$7,137$6,728$6,514
7 years$7,231$6,746$6,292$5,868$5,472$5,265
8 years$6,263$5,782$5,336$4,922$4,539$4,341
9 years$5,511$5,035$4,596$4,193$3,823$3,633
10 years$4,910$4,438$4,007$3,614$3,257$3,075
11 years$4,418$3,951$3,528$3,145$2,801$2,627
12 years$4,008$3,546$3,131$2,759$2,428$2,261
13 years$3,662$3,204$2,797$2,436$2,117$1,958
14 years$3,365$2,913$2,513$2,162$1,856$1,704
15 years$3,109$2,661$2,269$1,928$1,634$1,490
16 years$2,884$2,441$2,057$1,727$1,444$1,307
17 years$2,686$2,248$1,872$1,551$1,280$1,150
18 years$2,511$2,078$1,709$1,398$1,138$1,015
19 years$2,354$1,925$1,564$1,263$1,015$898
20 years$2,213$1,789$1,436$1,144$906$796
21 years$2,085$1,667$1,321$1,038$811$706
22 years$1,969$1,556$1,217$944$727$628
23 years$1,864$1,455$1,124$860$653$559
24 years$1,767$1,363$1,039$784$587$498
25 years$1,678$1,279$963$716$528$445
26 years$1,597$1,202$893$655$475$397
27 years$1,521$1,132$829$599$429$355
28 years$1,451$1,066$771$549$387$318
29 years$1,386$1,006$717$504$349$284
30 years$1,325$950$668$462$316$255
31 years$1,269$898$623$424$285$228
32 years$1,216$850$581$390$258$205
33 years$1,166$805$543$359$234$184
34 years$1,119$763$507$330$211$165
35 years$1,075$723$474$304$192$148
36 years$1,034$687$443$280$174$133
37 years$995$652$415$258$157$119
38 years$958$620$389$238$143$107
39 years$923$589$364$219$129$96
40 years$890$561$341$202$117$86
41 years$859$534$320$186$106$78
42 years$829$508$300$172$97$70
43 years$800$484$282$159$88$63
44 years$773$462$264$147$80$56
45 years$748$440$248$135$72$51
46 years$723$420$233$125$66$46
47 years$700$401$219$116$60$41
48 years$677$383$206$107$54$37
49 years$656$365$193$99$49$33
50 years$636$349$182$91$45$30

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $651,000, adding $4,593 every year, while hoping to spend $31,802 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: 50/25/25 Blend
65$651,000$651,000$651,000$651,000
66$722,140$687,637$677,546$752,953
67$761,961$687,494$666,407$774,742
68$804,778$686,278$653,829$794,842
69$850,863$683,903$639,729$816,048
70$900,514$680,278$624,024$838,478
71$954,061$675,305$606,622$862,266
72$1,011,862$668,882$587,431$887,558
73$1,074,314$660,900$566,353$914,519
74$1,141,853$651,243$543,284$943,332
75$1,214,956$639,788$518,118$974,200
76$1,294,150$626,406$490,744$1,007,351
77$1,380,012$610,959$461,043$1,043,038
78$1,473,179$593,302$428,893$1,081,539
79$1,574,350$573,280$394,168$1,123,169
80$1,684,294$550,731$356,733$1,168,273
81$1,803,857$525,482$316,448$1,217,236
82$1,933,970$497,350$273,169$1,270,486
83$2,075,657$466,142$226,742$1,328,498
84$2,230,046$431,655$177,010$1,391,798
85$2,398,376$393,671$123,805$1,460,969
86$2,582,013$351,964$66,956$1,536,661
87$2,782,460$306,292$6,280$1,619,590
88$3,001,371$256,400$0$1,710,553
89$3,240,566$202,019$0$1,826,030
90$3,502,051$142,865$0$1,954,200
91$3,788,031$78,636$0$2,094,526
92$4,100,938$9,017$0$2,248,261
93$4,443,447$0$0$2,416,792
94$4,818,505$0$0$2,619,896
95$5,229,356$0$0$2,845,169
96$5,679,573$0$0$3,092,099
97$6,173,093$0$0$3,362,852
98$6,714,250$0$0$3,659,815
99$7,307,816$0$0$3,985,619
100$7,959,051$0$0$4,343,158