Can I retire at age 66 with 658,000?

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 $658,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.6%
1 years$54,337$53,853$53,381$52,920$52,470$51,474
2 years$26,900$26,399$25,913$25,442$24,986$23,986
3 years$17,755$17,252$16,767$16,301$15,852$14,880
4 years$13,183$12,682$12,202$11,744$11,306$10,369
5 years$10,441$9,943$9,470$9,021$8,594$7,695
6 years$8,614$8,119$7,653$7,214$6,800$5,940
7 years$7,309$6,818$6,360$5,931$5,531$4,709
8 years$6,331$5,845$5,393$4,975$4,588$3,805
9 years$5,570$5,089$4,645$4,238$3,864$3,119
10 years$4,962$4,485$4,050$3,653$3,292$2,585
11 years$4,465$3,993$3,565$3,179$2,831$2,161
12 years$4,051$3,584$3,164$2,789$2,454$1,819
13 years$3,701$3,239$2,827$2,462$2,140$1,540
14 years$3,402$2,944$2,540$2,185$1,876$1,310
15 years$3,142$2,689$2,293$1,949$1,651$1,118
16 years$2,915$2,468$2,079$1,745$1,460$957
17 years$2,715$2,273$1,892$1,568$1,294$822
18 years$2,538$2,100$1,727$1,413$1,151$707
19 years$2,379$1,946$1,581$1,277$1,026$610
20 years$2,236$1,808$1,451$1,156$916$527
21 years$2,107$1,685$1,335$1,050$820$456
22 years$1,990$1,572$1,230$954$735$395
23 years$1,884$1,471$1,136$869$660$342
24 years$1,786$1,378$1,050$793$593$297
25 years$1,696$1,293$973$724$534$258
26 years$1,614$1,215$902$662$481$224
27 years$1,537$1,144$838$606$433$195
28 years$1,467$1,078$779$555$391$169
29 years$1,401$1,017$725$509$353$147
30 years$1,339$960$675$467$319$128
31 years$1,282$908$629$429$288$112
32 years$1,229$859$587$394$261$97
33 years$1,178$813$548$363$236$85
34 years$1,131$771$512$334$214$74
35 years$1,087$731$479$307$194$64
36 years$1,045$694$448$283$175$56
37 years$1,006$659$419$261$159$49
38 years$968$626$393$240$144$43
39 years$933$596$368$221$131$37
40 years$900$567$345$204$119$32
41 years$868$539$323$188$108$28
42 years$838$514$303$174$98$25
43 years$809$490$285$161$89$21
44 years$782$467$267$148$80$19
45 years$756$445$251$137$73$16
46 years$731$424$236$126$66$14
47 years$707$405$221$117$60$12
48 years$685$387$208$108$55$11
49 years$663$369$196$100$50$9
50 years$642$353$184$92$45$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $658,000, adding $6,713 every year, while hoping to spend $48,786 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: 60/34/6 Blend
65$658,000$658,000$658,000$658,000
66$732,040$697,166$686,967$774,722
67$754,801$679,420$658,073$786,349
68$778,247$659,168$626,575$792,806
69$802,399$636,238$592,336$798,609
70$827,274$610,444$555,210$803,693
71$852,892$581,592$515,046$807,994
72$879,272$549,475$471,685$811,441
73$906,434$513,875$424,962$813,958
74$934,396$474,561$374,704$815,466
75$963,179$431,289$320,731$815,880
76$992,803$383,801$262,855$815,108
77$1,023,286$331,825$200,878$813,055
78$1,054,649$275,072$134,595$809,619
79$1,086,911$213,239$63,792$804,690
80$1,120,092$146,003$0$798,154
81$1,154,209$73,026$0$790,640
82$1,189,283$0$0$785,672
83$1,225,331$0$0$781,303
84$1,262,370$0$0$804,883
85$1,300,416$0$0$829,101
86$1,339,486$0$0$853,966
87$1,379,593$0$0$879,486
88$1,420,751$0$0$905,670
89$1,462,971$0$0$932,523
90$1,506,262$0$0$960,051
91$1,550,633$0$0$988,258
92$1,596,087$0$0$1,017,146
93$1,642,627$0$0$1,046,716
94$1,690,251$0$0$1,076,964
95$1,738,956$0$0$1,107,888
96$1,788,733$0$0$1,139,480
97$1,839,567$0$0$1,171,730
98$1,891,440$0$0$1,204,624
99$1,944,328$0$0$1,238,144
100$1,998,199$0$0$1,272,270