Can I retire at age 66 with 666,000?

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 $666,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.8%
1 years$54,998$54,508$54,030$53,563$53,108$51,428
2 years$27,227$26,719$26,228$25,752$25,289$23,613
3 years$17,971$17,461$16,971$16,499$16,045$14,423
4 years$13,344$12,836$12,351$11,887$11,443$9,889
5 years$10,568$10,064$9,585$9,130$8,699$7,217
6 years$8,719$8,218$7,746$7,302$6,883$5,474
7 years$7,398$6,901$6,437$6,003$5,598$4,262
8 years$6,408$5,916$5,459$5,036$4,644$3,380
9 years$5,638$5,151$4,702$4,289$3,911$2,718
10 years$5,023$4,540$4,099$3,697$3,332$2,208
11 years$4,520$4,042$3,609$3,218$2,866$1,809
12 years$4,101$3,628$3,203$2,823$2,483$1,491
13 years$3,746$3,278$2,861$2,492$2,166$1,235
14 years$3,443$2,980$2,571$2,212$1,898$1,028
15 years$3,180$2,722$2,321$1,973$1,672$858
16 years$2,951$2,498$2,105$1,766$1,477$718
17 years$2,748$2,300$1,915$1,587$1,310$602
18 years$2,569$2,125$1,748$1,430$1,165$506
19 years$2,408$1,970$1,600$1,292$1,038$426
20 years$2,264$1,830$1,469$1,170$927$359
21 years$2,133$1,705$1,351$1,062$830$303
22 years$2,015$1,592$1,245$966$744$256
23 years$1,907$1,489$1,150$880$668$216
24 years$1,808$1,395$1,063$802$600$183
25 years$1,717$1,309$985$733$540$155
26 years$1,633$1,230$913$670$486$131
27 years$1,556$1,158$848$613$439$111
28 years$1,484$1,091$788$562$396$94
29 years$1,418$1,029$734$515$357$80
30 years$1,356$972$683$473$323$68
31 years$1,298$919$637$434$292$57
32 years$1,244$869$594$399$264$49
33 years$1,193$823$555$367$239$41
34 years$1,145$780$519$338$216$35
35 years$1,100$740$485$311$196$30
36 years$1,058$702$454$286$178$25
37 years$1,018$667$425$264$161$21
38 years$980$634$398$243$146$18
39 years$944$603$372$224$132$15
40 years$911$574$349$207$120$13
41 years$878$546$327$191$109$11
42 years$848$520$307$176$99$9
43 years$819$495$288$163$90$8
44 years$791$472$270$150$81$7
45 years$765$450$254$139$74$6
46 years$740$430$239$128$67$5
47 years$716$410$224$118$61$4
48 years$693$391$211$109$55$4
49 years$671$374$198$101$50$3
50 years$650$357$186$93$46$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $666,000, adding $3,826 every year, while hoping to spend $52,611 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: 65/15/20 Blend
65$666,000$666,000$666,000$666,000
66$737,879$702,581$692,258$781,866
67$757,164$681,029$659,470$790,327
68$776,654$656,659$623,822$793,226
69$796,313$629,275$585,160$795,154
70$816,101$598,674$543,327$796,017
71$835,972$564,637$498,157$795,714
72$855,874$526,937$449,478$794,135
73$875,747$485,331$397,109$791,164
74$895,522$439,562$340,862$786,672
75$915,124$389,359$280,539$780,521
76$934,466$334,436$215,936$772,562
77$953,449$274,492$146,838$762,632
78$971,965$209,205$73,021$750,557
79$989,888$138,239$0$736,146
80$1,007,082$61,238$0$720,423
81$1,023,390$0$0$718,647
82$1,038,640$0$0$718,690
83$1,052,637$0$0$727,920
84$1,065,166$0$0$736,072
85$1,075,985$0$0$742,975
86$1,084,827$0$0$748,434
87$1,091,391$0$0$752,234
88$1,095,347$0$0$754,137
89$1,096,324$0$0$753,877
90$1,093,912$0$0$751,160
91$1,087,655$0$0$745,657
92$1,077,048$0$0$737,007
93$1,061,531$0$0$724,805
94$1,040,482$0$0$708,607
95$1,013,211$0$0$687,918
96$978,958$0$0$662,190
97$936,875$0$0$630,817
98$886,030$0$0$593,128
99$825,386$0$0$548,380
100$753,800$0$0$495,754