Can I retire at age 66 with 657,000?

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 $657,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.9%
1 years$54,254$53,771$53,300$52,839$52,390$51,757
2 years$26,859$26,358$25,874$25,404$24,948$24,310
3 years$17,728$17,226$16,742$16,276$15,828$15,206
4 years$13,163$12,663$12,184$11,726$11,289$10,688
5 years$10,425$9,928$9,455$9,007$8,581$8,003
6 years$8,601$8,107$7,641$7,203$6,790$6,234
7 years$7,298$6,808$6,350$5,922$5,522$4,990
8 years$6,321$5,836$5,385$4,968$4,581$4,072
9 years$5,562$5,081$4,638$4,231$3,858$3,372
10 years$4,955$4,479$4,044$3,647$3,287$2,824
11 years$4,459$3,987$3,560$3,174$2,827$2,386
12 years$4,045$3,579$3,159$2,784$2,450$2,030
13 years$3,696$3,234$2,823$2,458$2,136$1,738
14 years$3,396$2,940$2,536$2,182$1,873$1,495
15 years$3,137$2,685$2,290$1,946$1,649$1,291
16 years$2,911$2,464$2,076$1,742$1,457$1,119
17 years$2,711$2,269$1,889$1,566$1,292$972
18 years$2,534$2,097$1,725$1,411$1,149$847
19 years$2,375$1,943$1,579$1,275$1,024$740
20 years$2,233$1,806$1,449$1,155$915$647
21 years$2,104$1,682$1,333$1,048$819$567
22 years$1,987$1,570$1,228$953$734$497
23 years$1,881$1,468$1,134$868$659$437
24 years$1,783$1,376$1,049$791$592$384
25 years$1,694$1,291$971$723$533$338
26 years$1,611$1,213$901$661$480$297
27 years$1,535$1,142$837$605$433$262
28 years$1,464$1,076$778$554$390$231
29 years$1,399$1,015$724$508$352$204
30 years$1,337$959$674$466$318$180
31 years$1,280$906$629$428$288$159
32 years$1,227$858$586$394$260$140
33 years$1,177$812$548$362$236$124
34 years$1,130$770$512$333$213$110
35 years$1,085$730$478$307$193$97
36 years$1,043$693$447$282$175$86
37 years$1,004$658$419$260$159$76
38 years$967$625$392$240$144$67
39 years$932$595$367$221$131$59
40 years$898$566$344$204$118$53
41 years$867$539$323$188$107$46
42 years$836$513$303$174$97$41
43 years$808$489$284$160$88$36
44 years$781$466$267$148$80$32
45 years$755$444$251$137$73$29
46 years$730$424$235$126$66$25
47 years$706$404$221$117$60$22
48 years$684$386$208$108$55$20
49 years$662$369$195$100$50$18
50 years$641$352$184$92$45$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $657,000, adding $4,398 every year, while hoping to spend $34,054 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: 74/9/17 Blend
65$657,000$657,000$657,000$657,000
66$728,551$693,730$683,546$779,321
67$766,629$691,489$670,212$811,308
68$807,451$687,998$655,289$841,744
69$851,259$683,158$638,690$874,196
70$898,322$676,866$620,319$908,857
71$948,932$669,014$600,081$945,938
72$1,003,412$659,484$577,873$985,675
73$1,062,116$648,155$553,588$1,028,324
74$1,125,433$634,896$527,115$1,074,173
75$1,193,791$619,570$498,336$1,123,536
76$1,267,658$602,029$467,131$1,176,759
77$1,347,551$582,121$433,372$1,234,229
78$1,434,037$559,680$396,926$1,296,367
79$1,527,738$534,534$357,653$1,363,642
80$1,629,342$506,501$315,408$1,436,571
81$1,739,601$475,385$270,040$1,515,723
82$1,859,344$440,983$221,391$1,601,726
83$1,989,484$403,078$169,294$1,695,276
84$2,131,023$361,441$113,577$1,797,139
85$2,285,066$315,830$54,060$1,908,160
86$2,452,826$265,989$0$2,029,273
87$2,635,641$211,649$0$2,163,223
88$2,834,980$152,523$0$2,320,007
89$3,052,463$88,312$0$2,491,100
90$3,289,870$18,696$0$2,677,926
91$3,549,165$0$0$2,882,050
92$3,832,504$0$0$3,110,813
93$4,142,266$0$0$3,362,961
94$4,481,068$0$0$3,638,775
95$4,851,790$0$0$3,940,605
96$5,257,606$0$0$4,271,038
97$5,702,010$0$0$4,632,923
98$6,188,849$0$0$5,029,396
99$6,722,360$0$0$5,463,913
100$7,307,211$0$0$5,940,279