Can I retire at age 66 with 662,000?

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 $662,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14%
1 years$54,667$54,180$53,705$53,242$52,789$51,914
2 years$27,063$26,559$26,071$25,597$25,138$24,259
3 years$17,863$17,357$16,869$16,400$15,948$15,093
4 years$13,264$12,759$12,277$11,815$11,374$10,549
5 years$10,505$10,003$9,527$9,075$8,647$7,854
6 years$8,666$8,168$7,699$7,258$6,842$6,082
7 years$7,353$6,860$6,398$5,967$5,564$4,838
8 years$6,369$5,880$5,426$5,005$4,616$3,923
9 years$5,604$5,120$4,674$4,264$3,887$3,227
10 years$4,993$4,513$4,075$3,675$3,312$2,685
11 years$4,492$4,017$3,587$3,199$2,849$2,253
12 years$4,076$3,606$3,183$2,806$2,469$1,904
13 years$3,724$3,259$2,844$2,477$2,153$1,618
14 years$3,422$2,962$2,556$2,199$1,887$1,381
15 years$3,161$2,706$2,307$1,961$1,661$1,184
16 years$2,933$2,483$2,092$1,756$1,468$1,018
17 years$2,732$2,286$1,904$1,578$1,302$878
18 years$2,553$2,113$1,738$1,422$1,158$759
19 years$2,393$1,958$1,591$1,285$1,032$657
20 years$2,250$1,819$1,460$1,163$922$570
21 years$2,120$1,695$1,343$1,056$825$496
22 years$2,003$1,582$1,238$960$739$431
23 years$1,895$1,480$1,143$874$664$375
24 years$1,797$1,386$1,057$797$597$327
25 years$1,707$1,301$979$728$537$285
26 years$1,624$1,223$908$666$483$249
27 years$1,547$1,151$843$610$436$218
28 years$1,475$1,084$784$558$393$190
29 years$1,409$1,023$729$512$355$166
30 years$1,348$966$679$470$321$146
31 years$1,290$913$633$432$290$127
32 years$1,236$864$591$397$262$111
33 years$1,186$818$552$365$238$98
34 years$1,138$776$515$336$215$85
35 years$1,093$736$482$309$195$75
36 years$1,051$698$451$285$176$66
37 years$1,012$663$422$262$160$57
38 years$974$630$395$242$145$50
39 years$939$599$370$223$131$44
40 years$905$570$347$206$119$39
41 years$873$543$325$190$108$34
42 years$843$517$305$175$98$30
43 years$814$492$286$162$89$26
44 years$787$469$269$149$81$23
45 years$760$448$252$138$73$20
46 years$735$427$237$127$67$18
47 years$712$408$223$118$61$15
48 years$689$389$209$109$55$14
49 years$667$372$197$100$50$12
50 years$646$355$185$93$45$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $662,000, adding $4,030 every year, while hoping to spend $46,376 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: 47/27/26 Blend
65$662,000$662,000$662,000$662,000
66$733,681$698,595$688,334$762,537
67$759,173$683,482$662,049$768,136
68$785,710$666,075$633,330$769,342
69$813,351$646,211$602,045$769,738
70$842,158$623,721$568,059$769,271
71$872,197$598,422$531,228$767,887
72$903,541$570,124$491,403$765,528
73$936,266$538,624$448,430$762,135
74$970,458$503,709$402,144$757,649
75$1,006,205$465,152$352,377$752,005
76$1,043,607$422,713$298,950$745,140
77$1,082,769$376,140$241,679$736,987
78$1,123,806$325,166$180,370$727,478
79$1,166,842$269,507$114,821$716,543
80$1,212,014$208,866$44,820$704,112
81$1,259,466$142,927$0$690,111
82$1,309,359$71,358$0$682,758
83$1,361,866$0$0$687,496
84$1,417,176$0$0$693,712
85$1,475,494$0$0$722,648
86$1,537,044$0$0$753,217
87$1,602,071$0$0$785,546
88$1,670,840$0$0$819,771
89$1,743,642$0$0$856,041
90$1,820,794$0$0$894,519
91$1,902,645$0$0$935,384
92$1,989,572$0$0$978,829
93$2,081,990$0$0$1,025,070
94$2,180,354$0$0$1,074,338
95$2,285,160$0$0$1,126,891
96$2,396,953$0$0$1,183,007
97$2,516,327$0$0$1,242,994
98$2,643,936$0$0$1,307,188
99$2,780,497$0$0$1,375,958
100$2,926,793$0$0$1,449,709