Can I retire at age 66 with 661,000?

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 $661,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.2%
1 years$54,585$54,099$53,624$53,161$52,709$52,007
2 years$27,022$26,519$26,031$25,558$25,100$24,394
3 years$17,836$17,330$16,844$16,375$15,924$15,236
4 years$13,244$12,740$12,258$11,798$11,357$10,692
5 years$10,489$9,988$9,513$9,062$8,634$7,994
6 years$8,653$8,156$7,688$7,247$6,831$6,217
7 years$7,342$6,849$6,389$5,958$5,556$4,968
8 years$6,360$5,871$5,418$4,998$4,609$4,047
9 years$5,596$5,112$4,666$4,257$3,882$3,345
10 years$4,985$4,506$4,068$3,670$3,307$2,796
11 years$4,486$4,011$3,582$3,194$2,844$2,358
12 years$4,070$3,600$3,179$2,801$2,465$2,003
13 years$3,718$3,254$2,840$2,473$2,149$1,711
14 years$3,417$2,958$2,552$2,195$1,884$1,469
15 years$3,156$2,702$2,304$1,958$1,659$1,266
16 years$2,928$2,479$2,089$1,753$1,466$1,095
17 years$2,728$2,283$1,901$1,575$1,300$950
18 years$2,549$2,109$1,735$1,420$1,156$825
19 years$2,390$1,955$1,588$1,283$1,030$719
20 years$2,247$1,817$1,458$1,162$920$628
21 years$2,117$1,692$1,341$1,054$824$549
22 years$2,000$1,580$1,236$959$738$480
23 years$1,892$1,477$1,141$873$663$421
24 years$1,794$1,384$1,055$796$596$369
25 years$1,704$1,299$977$727$536$324
26 years$1,621$1,221$906$665$483$285
27 years$1,544$1,149$842$609$435$250
28 years$1,473$1,083$783$558$393$220
29 years$1,407$1,021$728$511$355$194
30 years$1,346$965$678$469$320$171
31 years$1,288$912$632$431$290$150
32 years$1,234$863$590$396$262$132
33 years$1,184$817$551$364$237$117
34 years$1,136$774$515$335$215$103
35 years$1,092$735$481$309$194$91
36 years$1,050$697$450$284$176$80
37 years$1,010$662$421$262$160$71
38 years$973$629$395$241$145$62
39 years$937$598$370$222$131$55
40 years$904$569$346$205$119$49
41 years$872$542$325$189$108$43
42 years$842$516$305$175$98$38
43 years$813$492$286$161$89$33
44 years$785$469$268$149$81$29
45 years$759$447$252$138$73$26
46 years$734$426$237$127$67$23
47 years$711$407$222$117$60$20
48 years$688$388$209$108$55$18
49 years$666$371$196$100$50$16
50 years$645$354$185$93$45$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $661,000, adding $4,407 every year, while hoping to spend $23,195 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: 22/49/29 Blend
65$661,000$661,000$661,000$661,000
66$732,968$697,935$687,689$742,302
67$783,051$707,454$686,048$760,486
68$837,466$716,663$683,574$777,714
69$896,629$725,521$680,215$795,649
70$960,999$733,986$675,916$814,364
71$1,031,082$742,012$670,620$833,941
72$1,107,433$749,552$664,267$854,473
73$1,190,665$756,553$656,793$876,061
74$1,281,449$762,961$648,133$898,821
75$1,380,528$768,717$638,216$922,883
76$1,488,717$773,758$626,971$948,389
77$1,606,913$778,019$614,321$975,501
78$1,736,105$781,429$600,188$1,004,399
79$1,877,381$783,913$584,487$1,035,282
80$2,031,939$785,390$567,133$1,068,374
81$2,201,099$785,776$548,034$1,103,925
82$2,386,313$784,981$527,095$1,142,211
83$2,589,181$782,909$504,217$1,183,542
84$2,811,464$779,458$479,295$1,228,261
85$3,055,103$774,522$452,222$1,276,751
86$3,322,235$767,985$422,883$1,329,438
87$3,615,214$759,726$391,159$1,386,793
88$3,936,630$749,617$356,928$1,449,343
89$4,289,340$737,522$320,058$1,517,670
90$4,676,488$723,296$280,416$1,592,423
91$5,101,538$706,787$237,859$1,674,320
92$5,568,308$687,832$192,239$1,764,160
93$6,081,000$666,260$143,404$1,862,827
94$6,644,245$641,890$91,191$1,971,302
95$7,263,145$614,530$35,433$2,090,674
96$7,943,321$583,976$0$2,222,149
97$8,690,963$550,015$0$2,374,510
98$9,512,894$512,418$0$2,553,974
99$10,416,628$470,946$0$2,751,263
100$11,410,446$425,344$0$2,968,253