Can I retire at age 66 with 667,000?

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 $667,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.8%
1 years$55,080$54,590$54,111$53,644$53,188$52,566
2 years$27,267$26,760$26,267$25,790$25,327$24,702
3 years$17,998$17,488$16,997$16,524$16,069$15,459
4 years$13,364$12,855$12,369$11,905$11,460$10,871
5 years$10,584$10,079$9,599$9,144$8,712$8,144
6 years$8,732$8,230$7,757$7,312$6,893$6,348
7 years$7,409$6,912$6,447$6,012$5,606$5,083
8 years$6,417$5,924$5,467$5,043$4,651$4,151
9 years$5,647$5,158$4,709$4,296$3,917$3,439
10 years$5,030$4,547$4,105$3,703$3,337$2,882
11 years$4,526$4,048$3,614$3,223$2,870$2,436
12 years$4,107$3,633$3,208$2,827$2,487$2,075
13 years$3,752$3,283$2,866$2,496$2,169$1,777
14 years$3,448$2,984$2,575$2,215$1,901$1,529
15 years$3,185$2,726$2,325$1,976$1,674$1,322
16 years$2,955$2,501$2,108$1,769$1,479$1,146
17 years$2,752$2,304$1,918$1,589$1,312$997
18 years$2,572$2,129$1,751$1,432$1,166$869
19 years$2,412$1,973$1,603$1,294$1,040$759
20 years$2,267$1,833$1,471$1,172$929$665
21 years$2,136$1,708$1,353$1,064$831$583
22 years$2,018$1,594$1,247$967$745$512
23 years$1,910$1,491$1,151$881$669$450
24 years$1,811$1,397$1,065$803$601$396
25 years$1,720$1,311$986$734$541$348
26 years$1,636$1,232$915$671$487$307
27 years$1,558$1,159$849$614$439$271
28 years$1,487$1,093$790$563$396$239
29 years$1,420$1,031$735$516$358$211
30 years$1,358$973$684$474$323$186
31 years$1,300$920$638$435$292$165
32 years$1,245$871$595$400$264$146
33 years$1,194$824$556$368$239$129
34 years$1,147$781$519$338$217$114
35 years$1,102$741$486$311$196$101
36 years$1,059$703$454$287$178$89
37 years$1,019$668$425$264$161$79
38 years$982$635$398$243$146$70
39 years$946$604$373$225$132$62
40 years$912$574$350$207$120$55
41 years$880$547$328$191$109$49
42 years$849$521$308$176$99$43
43 years$820$496$289$163$90$38
44 years$792$473$271$150$81$34
45 years$766$451$254$139$74$30
46 years$741$430$239$128$67$27
47 years$717$411$224$118$61$23
48 years$694$392$211$109$55$21
49 years$672$374$198$101$50$18
50 years$651$358$186$93$46$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $667,000, adding $5,507 every year, while hoping to spend $42,653 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: 60/12/28 Blend
65$667,000$667,000$667,000$667,000
66$740,714$705,363$695,025$779,244
67$770,885$694,544$672,926$795,339
68$802,703$681,764$648,657$807,855
69$836,292$666,884$622,100$820,619
70$871,786$649,754$593,133$833,665
71$909,332$630,215$561,626$847,034
72$949,089$608,101$527,446$860,770
73$991,232$583,234$490,451$874,926
74$1,035,951$555,426$450,495$889,564
75$1,083,456$524,480$407,424$904,750
76$1,133,974$490,185$361,079$920,564
77$1,187,755$452,319$311,290$937,095
78$1,245,073$410,649$257,885$954,442
79$1,306,226$364,927$200,680$972,721
80$1,371,542$314,890$139,484$992,059
81$1,441,382$260,261$74,099$1,012,603
82$1,516,138$200,749$4,316$1,034,515
83$1,596,243$136,045$0$1,057,981
84$1,682,170$65,822$0$1,104,165
85$1,774,440$0$0$1,155,081
86$1,873,624$0$0$1,211,123
87$1,980,347$0$0$1,280,815
88$2,095,298$0$0$1,355,920
89$2,219,232$0$0$1,436,936
90$2,352,979$0$0$1,524,412
91$2,497,450$0$0$1,618,948
92$2,653,649$0$0$1,721,207
93$2,822,676$0$0$1,831,916
94$3,005,741$0$0$1,951,874
95$3,204,177$0$0$2,081,960
96$3,419,446$0$0$2,223,142
97$3,653,159$0$0$2,376,483
98$3,907,085$0$0$2,543,151
99$4,183,174$0$0$2,724,434
100$4,483,566$0$0$2,921,747