Can I retire at age 66 with 663,000?

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 $663,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.5%
1 years$54,750$54,262$53,786$53,322$52,869$51,886
2 years$27,104$26,599$26,110$25,636$25,176$24,189
3 years$17,890$17,383$16,895$16,425$15,972$15,013
4 years$13,284$12,778$12,295$11,833$11,392$10,467
5 years$10,521$10,018$9,542$9,089$8,660$7,772
6 years$8,679$8,181$7,711$7,269$6,852$6,003
7 years$7,365$6,870$6,408$5,976$5,573$4,761
8 years$6,379$5,889$5,434$5,013$4,623$3,850
9 years$5,613$5,127$4,681$4,270$3,893$3,158
10 years$5,000$4,520$4,081$3,681$3,317$2,619
11 years$4,499$4,023$3,593$3,203$2,853$2,190
12 years$4,082$3,611$3,188$2,810$2,472$1,845
13 years$3,729$3,264$2,849$2,481$2,156$1,563
14 years$3,427$2,966$2,559$2,202$1,890$1,330
15 years$3,166$2,710$2,311$1,964$1,664$1,136
16 years$2,937$2,486$2,095$1,758$1,471$974
17 years$2,736$2,290$1,906$1,580$1,304$837
18 years$2,557$2,116$1,740$1,424$1,159$721
19 years$2,397$1,961$1,593$1,287$1,033$622
20 years$2,253$1,822$1,462$1,165$923$537
21 years$2,123$1,697$1,345$1,057$826$465
22 years$2,006$1,584$1,240$962$740$403
23 years$1,898$1,482$1,144$876$665$350
24 years$1,800$1,388$1,058$799$597$304
25 years$1,709$1,303$980$729$538$264
26 years$1,626$1,225$909$667$484$229
27 years$1,549$1,152$844$610$437$200
28 years$1,478$1,086$785$559$394$174
29 years$1,411$1,024$730$513$356$151
30 years$1,350$968$680$471$321$132
31 years$1,292$915$634$432$291$115
32 years$1,238$865$592$397$263$100
33 years$1,187$820$553$365$238$87
34 years$1,140$777$516$336$215$76
35 years$1,095$737$483$309$195$66
36 years$1,053$699$452$285$177$58
37 years$1,013$664$423$263$160$51
38 years$976$631$396$242$145$44
39 years$940$600$371$223$132$38
40 years$906$571$348$206$119$34
41 years$874$544$326$190$108$29
42 years$844$518$306$175$98$26
43 years$815$493$287$162$89$22
44 years$788$470$269$149$81$20
45 years$762$448$253$138$74$17
46 years$737$428$237$127$67$15
47 years$713$408$223$118$61$13
48 years$690$390$210$109$55$11
49 years$668$372$197$101$50$10
50 years$647$355$185$93$45$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $663,000, adding $2,587 every year, while hoping to spend $29,612 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: 44/34/22 Blend
65$663,000$663,000$663,000$663,000
66$733,294$698,155$687,879$760,783
67$776,584$700,858$679,416$783,168
68$823,296$702,701$669,677$804,329
69$873,749$703,610$658,588$826,666
70$928,292$703,508$646,072$850,303
71$987,309$702,311$632,047$875,379
72$1,051,223$699,933$616,428$902,048
73$1,120,497$696,278$599,128$930,480
74$1,195,641$691,250$580,052$960,868
75$1,277,217$684,742$559,105$993,423
76$1,365,842$676,643$536,183$1,028,383
77$1,462,195$666,835$511,182$1,066,010
78$1,567,022$655,193$483,990$1,106,597
79$1,681,145$641,585$454,491$1,150,469
80$1,805,469$625,870$422,564$1,197,986
81$1,940,989$607,899$388,082$1,249,550
82$2,088,800$587,516$350,912$1,305,605
83$2,250,107$564,554$310,917$1,366,645
84$2,426,238$538,837$267,952$1,433,218
85$2,618,652$510,178$221,867$1,505,932
86$2,828,958$478,380$172,503$1,585,460
87$3,058,926$443,235$119,696$1,672,549
88$3,310,505$404,522$63,275$1,768,026
89$3,585,842$362,009$3,060$1,872,809
90$3,887,300$315,450$0$1,987,913
91$4,217,481$264,583$0$2,128,829
92$4,579,252$209,135$0$2,284,137
93$4,975,767$148,815$0$2,454,544
94$5,410,505$83,316$0$2,641,627
95$5,887,293$12,315$0$2,847,125
96$6,410,348$0$0$3,072,962
97$6,984,316$0$0$3,345,403
98$7,614,311$0$0$3,649,579
99$8,305,970$0$0$3,983,613
100$9,065,501$0$0$4,350,515