Can I retire at age 66 with 652,000?

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 $652,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.3%
1 years$53,842$53,362$52,894$52,437$51,991$50,859
2 years$26,654$26,158$25,677$25,210$24,758$23,622
3 years$17,593$17,094$16,615$16,152$15,707$14,604
4 years$13,063$12,566$12,091$11,637$11,203$10,141
5 years$10,346$9,852$9,383$8,938$8,516$7,498
6 years$8,535$8,045$7,583$7,148$6,738$5,766
7 years$7,242$6,756$6,302$5,877$5,480$4,553
8 years$6,273$5,791$5,344$4,930$4,546$3,664
9 years$5,520$5,042$4,603$4,199$3,829$2,991
10 years$4,917$4,445$4,013$3,620$3,262$2,468
11 years$4,425$3,957$3,533$3,150$2,806$2,054
12 years$4,014$3,551$3,135$2,763$2,431$1,721
13 years$3,668$3,209$2,801$2,439$2,120$1,450
14 years$3,371$2,917$2,517$2,165$1,858$1,228
15 years$3,113$2,665$2,272$1,931$1,636$1,043
16 years$2,889$2,445$2,060$1,729$1,446$889
17 years$2,690$2,252$1,875$1,554$1,282$759
18 years$2,515$2,081$1,711$1,400$1,140$650
19 years$2,357$1,928$1,567$1,265$1,016$558
20 years$2,216$1,792$1,438$1,146$908$479
21 years$2,088$1,669$1,323$1,040$812$412
22 years$1,972$1,558$1,219$946$728$355
23 years$1,867$1,457$1,126$861$654$306
24 years$1,770$1,365$1,041$785$587$264
25 years$1,681$1,281$964$717$529$228
26 years$1,599$1,204$894$656$476$197
27 years$1,523$1,133$830$600$429$170
28 years$1,453$1,068$772$550$387$147
29 years$1,388$1,007$718$504$350$127
30 years$1,327$951$669$463$316$110
31 years$1,270$899$624$425$286$95
32 years$1,217$851$582$391$258$83
33 years$1,168$806$543$359$234$72
34 years$1,121$764$508$331$212$62
35 years$1,077$725$475$304$192$54
36 years$1,036$688$444$280$174$47
37 years$996$653$416$258$158$40
38 years$959$621$389$238$143$35
39 years$925$590$365$219$130$30
40 years$891$562$342$202$117$26
41 years$860$535$320$187$107$23
42 years$830$509$301$172$97$20
43 years$802$485$282$159$88$17
44 years$775$462$265$147$80$15
45 years$749$441$249$136$72$13
46 years$724$421$234$125$66$11
47 years$701$401$219$116$60$10
48 years$679$383$206$107$54$8
49 years$657$366$194$99$49$7
50 years$637$350$182$91$45$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $652,000, adding $2,630 every year, while hoping to spend $52,973 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: 66/24/10 Blend
65$652,000$652,000$652,000$652,000
66$721,217$686,661$676,555$767,127
67$738,418$663,944$642,857$775,306
68$755,598$638,339$606,254$777,719
69$772,700$609,648$566,594$778,986
70$789,657$577,662$523,716$778,990
71$806,394$542,161$477,453$777,605
72$822,829$502,909$427,631$774,694
73$838,867$459,661$374,066$770,105
74$854,403$412,156$316,568$763,679
75$869,317$360,117$254,938$755,237
76$883,477$303,252$188,969$744,589
77$896,735$241,254$118,442$731,528
78$908,923$173,797$43,131$715,826
79$919,858$100,538$0$697,239
80$929,332$21,113$0$679,472
81$937,115$0$0$663,433
82$942,951$0$0$661,355
83$946,556$0$0$663,205
84$947,612$0$0$663,178
85$945,768$0$0$661,017
86$940,633$0$0$656,436
87$931,773$0$0$649,119
88$918,709$0$0$638,717
89$900,906$0$0$624,841
90$877,776$0$0$607,059
91$848,662$0$0$584,897
92$812,842$0$0$557,825
93$769,513$0$0$525,260
94$717,788$0$0$486,555
95$656,685$0$0$440,995
96$585,119$0$0$387,790
97$501,889$0$0$326,064
98$405,667$0$0$254,853
99$294,988$0$0$173,087
100$168,229$0$0$79,587