Can I retire at age 66 with 664,000?

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 $664,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.8%
1 years$54,832$54,344$53,868$53,402$52,948$52,549
2 years$27,145$26,639$26,149$25,674$25,213$24,810
3 years$17,917$17,409$16,920$16,450$15,996$15,603
4 years$13,304$12,797$12,314$11,851$11,409$11,027
5 years$10,537$10,033$9,556$9,103$8,673$8,305
6 years$8,692$8,193$7,723$7,280$6,862$6,508
7 years$7,376$6,880$6,418$5,985$5,581$5,241
8 years$6,389$5,898$5,443$5,021$4,630$4,304
9 years$5,621$5,135$4,688$4,276$3,899$3,587
10 years$5,008$4,526$4,087$3,686$3,322$3,024
11 years$4,506$4,030$3,598$3,208$2,857$2,572
12 years$4,088$3,617$3,193$2,814$2,476$2,204
13 years$3,735$3,268$2,853$2,484$2,159$1,900
14 years$3,433$2,971$2,563$2,205$1,893$1,646
15 years$3,171$2,714$2,314$1,967$1,666$1,432
16 years$2,942$2,490$2,098$1,761$1,473$1,251
17 years$2,740$2,293$1,909$1,582$1,306$1,095
18 years$2,561$2,119$1,743$1,426$1,161$962
19 years$2,401$1,964$1,596$1,288$1,035$846
20 years$2,257$1,825$1,464$1,167$924$746
21 years$2,127$1,700$1,347$1,059$827$659
22 years$2,009$1,587$1,241$963$742$583
23 years$1,901$1,484$1,146$877$666$516
24 years$1,802$1,390$1,060$800$598$458
25 years$1,712$1,305$982$730$538$406
26 years$1,628$1,226$911$668$485$361
27 years$1,551$1,154$846$611$437$321
28 years$1,480$1,088$786$560$395$286
29 years$1,413$1,026$732$514$356$254
30 years$1,352$969$681$471$322$226
31 years$1,294$916$635$433$291$202
32 years$1,240$867$593$398$263$180
33 years$1,189$821$553$366$238$160
34 years$1,142$778$517$337$216$143
35 years$1,097$738$483$310$195$128
36 years$1,055$700$452$285$177$114
37 years$1,015$665$423$263$160$102
38 years$977$632$396$242$145$91
39 years$942$601$371$223$132$81
40 years$908$572$348$206$120$72
41 years$876$544$326$190$109$65
42 years$845$518$306$176$98$58
43 years$816$494$287$162$89$52
44 years$789$471$270$150$81$46
45 years$763$449$253$138$74$41
46 years$738$428$238$128$67$37
47 years$714$409$223$118$61$33
48 years$691$390$210$109$55$29
49 years$669$373$197$101$50$26
50 years$648$356$186$93$45$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $664,000, adding $6,298 every year, while hoping to spend $55,273 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: 39/49/12 Blend
65$664,000$664,000$664,000$664,000
66$738,224$703,032$692,740$764,113
67$754,713$678,671$657,137$758,690
68$771,031$651,263$618,489$746,948
69$787,103$620,602$576,635$733,034
70$802,843$586,467$531,407$716,778
71$818,156$548,626$482,632$697,997
72$832,933$506,834$430,125$676,496
73$847,054$460,831$373,696$652,068
74$860,384$410,342$313,146$624,487
75$872,772$355,077$248,265$593,514
76$884,049$294,731$178,836$558,892
77$894,028$228,978$104,633$520,347
78$902,498$157,478$25,418$477,582
79$909,226$79,868$0$430,282
80$913,954$0$0$385,676
81$916,390$0$0$342,078
82$916,216$0$0$340,372
83$913,074$0$0$337,340
84$906,569$0$0$332,809
85$896,262$0$0$326,590
86$881,665$0$0$318,470
87$862,241$0$0$308,218
88$837,390$0$0$295,573
89$806,452$0$0$280,251
90$768,693$0$0$261,932
91$723,302$0$0$240,269
92$669,381$0$0$214,871
93$605,938$0$0$185,311
94$531,874$0$0$151,114
95$445,976$0$0$111,756
96$346,902$0$0$66,659
97$233,169$0$0$15,182
98$103,137$0$0$0
99$0$0$0$0
100$0$0$0$0