Can I retire at age 66 with 669,000?

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 $669,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.5%
1 years$55,245$54,753$54,273$53,805$53,347$51,516
2 years$27,349$26,840$26,346$25,868$25,403$23,577
3 years$18,052$17,540$17,048$16,574$16,117$14,353
4 years$13,404$12,894$12,406$11,940$11,495$9,806
5 years$10,616$10,109$9,628$9,171$8,738$7,130
6 years$8,758$8,255$7,781$7,334$6,914$5,388
7 years$7,431$6,932$6,466$6,030$5,623$4,178
8 years$6,437$5,942$5,484$5,058$4,665$3,300
9 years$5,664$5,174$4,723$4,309$3,929$2,642
10 years$5,045$4,560$4,118$3,714$3,347$2,137
11 years$4,540$4,060$3,625$3,232$2,879$1,742
12 years$4,119$3,644$3,217$2,835$2,495$1,430
13 years$3,763$3,293$2,874$2,503$2,175$1,179
14 years$3,458$2,993$2,583$2,222$1,907$976
15 years$3,195$2,734$2,332$1,982$1,679$811
16 years$2,964$2,509$2,114$1,774$1,484$675
17 years$2,761$2,311$1,924$1,594$1,316$563
18 years$2,580$2,135$1,756$1,437$1,170$471
19 years$2,419$1,979$1,608$1,298$1,043$395
20 years$2,274$1,839$1,475$1,176$931$331
21 years$2,143$1,713$1,357$1,067$834$278
22 years$2,024$1,599$1,251$970$747$233
23 years$1,915$1,495$1,155$884$671$196
24 years$1,816$1,401$1,068$806$603$165
25 years$1,725$1,315$989$736$542$139
26 years$1,641$1,236$917$673$489$117
27 years$1,563$1,163$852$616$441$98
28 years$1,491$1,096$792$564$397$83
29 years$1,424$1,034$737$518$359$70
30 years$1,362$976$686$475$324$59
31 years$1,304$923$640$436$293$50
32 years$1,249$873$597$401$265$42
33 years$1,198$827$558$369$240$35
34 years$1,150$784$521$339$217$30
35 years$1,105$743$487$312$197$25
36 years$1,063$706$456$288$178$21
37 years$1,022$670$426$265$162$18
38 years$985$637$399$244$147$15
39 years$949$606$374$225$133$13
40 years$915$576$351$208$121$11
41 years$882$548$329$192$109$9
42 years$852$522$308$177$99$8
43 years$823$498$289$163$90$6
44 years$795$474$272$151$82$5
45 years$768$452$255$139$74$5
46 years$743$432$240$129$67$4
47 years$719$412$225$119$61$3
48 years$696$393$212$110$56$3
49 years$674$375$199$101$50$2
50 years$653$359$187$94$46$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $669,000, adding $3,909 every year, while hoping to spend $57,797 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: 35/41/24 Blend
65$669,000$669,000$669,000$669,000
66$741,270$705,813$695,444$761,712
67$755,384$678,902$657,245$750,289
68$769,001$648,736$615,830$732,418
69$782,008$615,093$571,030$711,981
70$794,281$577,741$522,668$688,785
71$805,680$536,432$470,559$662,626
72$816,048$490,907$414,512$633,283
73$825,212$440,888$354,325$600,521
74$832,978$386,086$289,789$564,087
75$839,128$326,191$220,684$523,712
76$843,424$260,879$146,781$479,107
77$845,597$189,805$67,842$429,960
78$845,350$112,608$0$375,941
79$842,353$28,903$0$320,891
80$836,240$0$0$279,042
81$826,604$0$0$260,505
82$812,996$0$0$253,419
83$794,914$0$0$244,550
84$771,807$0$0$233,683
85$743,060$0$0$220,579
86$707,996$0$0$204,975
87$665,864$0$0$186,580
88$615,832$0$0$165,070
89$556,982$0$0$140,089
90$488,296$0$0$111,242
91$408,651$0$0$78,095
92$316,805$0$0$40,165
93$211,384$0$0$0
94$90,872$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0