Can I retire at age 66 with 655,000?

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 $655,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.9%
1 years$54,089$53,607$53,137$52,679$52,231$51,176
2 years$26,777$26,278$25,795$25,326$24,872$23,814
3 years$17,674$17,173$16,691$16,227$15,780$14,752
4 years$13,123$12,624$12,147$11,690$11,254$10,264
5 years$10,394$9,897$9,426$8,979$8,555$7,605
6 years$8,575$8,082$7,618$7,181$6,769$5,861
7 years$7,276$6,787$6,331$5,904$5,505$4,639
8 years$6,302$5,818$5,369$4,953$4,567$3,742
9 years$5,545$5,066$4,624$4,218$3,846$3,062
10 years$4,940$4,465$4,031$3,636$3,277$2,533
11 years$4,445$3,975$3,549$3,165$2,819$2,113
12 years$4,033$3,568$3,150$2,776$2,442$1,776
13 years$3,684$3,224$2,814$2,451$2,130$1,500
14 years$3,386$2,931$2,529$2,175$1,867$1,273
15 years$3,128$2,677$2,283$1,940$1,644$1,084
16 years$2,902$2,456$2,070$1,737$1,453$927
17 years$2,703$2,262$1,883$1,561$1,288$794
18 years$2,526$2,090$1,719$1,407$1,145$682
19 years$2,368$1,937$1,574$1,271$1,021$587
20 years$2,226$1,800$1,445$1,151$912$506
21 years$2,098$1,677$1,329$1,045$816$436
22 years$1,981$1,565$1,225$950$731$377
23 years$1,875$1,464$1,131$865$657$326
24 years$1,778$1,372$1,046$789$590$282
25 years$1,689$1,287$969$721$531$244
26 years$1,606$1,210$898$659$478$212
27 years$1,530$1,139$834$603$431$184
28 years$1,460$1,073$775$553$389$159
29 years$1,394$1,012$722$507$351$138
30 years$1,333$956$672$465$318$120
31 years$1,276$904$627$427$287$104
32 years$1,223$855$585$392$260$91
33 years$1,173$810$546$361$235$79
34 years$1,126$767$510$332$213$68
35 years$1,082$728$477$306$193$59
36 years$1,040$691$446$282$175$52
37 years$1,001$656$418$259$158$45
38 years$964$624$391$239$143$39
39 years$929$593$366$220$130$34
40 years$895$564$343$203$118$30
41 years$864$537$322$188$107$26
42 years$834$511$302$173$97$22
43 years$805$487$283$160$88$19
44 years$778$464$266$148$80$17
45 years$752$443$250$136$73$15
46 years$728$423$235$126$66$13
47 years$704$403$220$116$60$11
48 years$682$385$207$107$54$10
49 years$660$368$195$99$49$8
50 years$640$351$183$92$45$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $655,000, adding $2,868 every year, while hoping to spend $25,240 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: 71/10/19 Blend
65$655,000$655,000$655,000$655,000
66$724,768$690,053$679,901$772,721
67$771,840$697,011$675,822$811,974
68$822,866$703,463$670,761$851,652
69$878,225$709,359$664,658$894,459
70$938,330$714,644$657,450$940,701
71$1,003,637$719,259$649,073$990,716
72$1,074,649$723,143$639,457$1,044,876
73$1,151,915$726,230$628,531$1,103,591
74$1,236,044$728,448$616,220$1,167,316
75$1,327,702$729,725$602,446$1,236,549
76$1,427,626$729,979$587,126$1,311,840
77$1,536,624$729,128$570,175$1,393,798
78$1,655,586$727,082$551,502$1,483,091
79$1,785,492$723,745$531,013$1,580,459
80$1,927,421$719,018$508,611$1,686,715
81$2,082,562$712,793$484,193$1,802,758
82$2,252,220$704,957$457,651$1,929,577
83$2,437,837$695,390$428,872$2,068,265
84$2,640,997$683,964$397,740$2,220,026
85$2,863,446$670,546$364,132$2,386,188
86$3,107,106$654,992$327,919$2,568,214
87$3,374,095$637,151$288,969$2,767,719
88$3,666,744$616,862$247,140$2,986,483
89$3,987,621$593,957$202,288$3,226,469
90$4,339,553$568,256$154,260$3,489,841
91$4,725,656$539,569$102,896$3,778,985
92$5,149,361$507,696$48,031$4,096,532
93$5,614,447$472,424$0$4,445,383
94$6,125,077$433,530$0$4,830,869
95$6,685,837$390,774$0$5,264,913
96$7,301,778$343,908$0$5,741,695
97$7,978,466$292,667$0$6,265,539
98$8,722,031$236,769$0$6,841,214
99$9,539,228$175,920$0$7,473,973
100$10,437,496$109,807$0$8,169,603