Can I retire at age 66 with 670,000?

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 $670,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$55,328$54,835$54,354$53,885$53,427$53,135
2 years$27,390$26,880$26,386$25,906$25,441$25,147
3 years$18,079$17,566$17,073$16,598$16,141$15,853
4 years$13,424$12,913$12,425$11,958$11,512$11,232
5 years$10,632$10,124$9,642$9,185$8,751$8,481
6 years$8,771$8,267$7,792$7,345$6,924$6,664
7 years$7,442$6,943$6,476$6,039$5,631$5,381
8 years$6,446$5,951$5,492$5,066$4,672$4,432
9 years$5,672$5,182$4,730$4,315$3,934$3,704
10 years$5,053$4,567$4,124$3,720$3,352$3,132
11 years$4,547$4,066$3,630$3,237$2,883$2,672
12 years$4,125$3,649$3,222$2,839$2,498$2,297
13 years$3,769$3,298$2,879$2,507$2,179$1,987
14 years$3,464$2,998$2,586$2,225$1,910$1,727
15 years$3,199$2,739$2,335$1,985$1,682$1,508
16 years$2,968$2,513$2,117$1,777$1,486$1,321
17 years$2,765$2,314$1,927$1,597$1,318$1,161
18 years$2,584$2,138$1,759$1,439$1,172$1,023
19 years$2,422$1,982$1,610$1,300$1,044$903
20 years$2,277$1,841$1,478$1,178$933$800
21 years$2,146$1,715$1,359$1,069$835$709
22 years$2,027$1,601$1,253$972$748$629
23 years$1,918$1,497$1,157$885$672$559
24 years$1,819$1,403$1,070$807$604$498
25 years$1,727$1,317$991$737$543$444
26 years$1,643$1,237$919$674$489$396
27 years$1,565$1,165$853$617$441$353
28 years$1,493$1,097$793$565$398$315
29 years$1,426$1,035$738$518$359$282
30 years$1,364$978$688$476$325$252
31 years$1,306$924$641$437$294$225
32 years$1,251$875$598$401$266$202
33 years$1,200$828$558$369$240$181
34 years$1,152$785$522$340$218$162
35 years$1,107$745$488$313$197$145
36 years$1,064$707$456$288$179$130
37 years$1,024$671$427$265$162$117
38 years$986$638$400$245$147$105
39 years$950$607$375$226$133$94
40 years$916$577$351$208$121$84
41 years$884$549$329$192$110$75
42 years$853$523$309$177$99$68
43 years$824$498$290$163$90$61
44 years$796$475$272$151$82$55
45 years$770$453$255$139$74$49
46 years$744$432$240$129$67$44
47 years$720$412$225$119$61$39
48 years$697$394$212$110$56$35
49 years$675$376$199$102$51$32
50 years$654$359$187$94$46$29

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $670,000, adding $4,779 every year, while hoping to spend $54,638 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: 42/39/19 Blend
65$670,000$670,000$670,000$670,000
66$743,270$707,760$697,375$770,170
67$760,949$684,305$662,602$766,237
68$778,600$657,871$624,834$756,301
69$796,162$628,252$583,911$744,405
70$813,568$595,233$539,669$730,398
71$830,739$558,587$491,935$714,118
72$847,589$518,072$440,529$695,388
73$864,018$473,433$385,263$674,024
74$879,918$424,401$325,939$649,825
75$895,165$370,691$262,353$622,578
76$909,619$312,003$194,289$592,053
77$923,127$248,018$121,525$558,006
78$935,516$178,401$43,826$520,172
79$946,593$102,797$0$478,270
80$956,142$20,831$0$439,922
81$963,926$0$0$406,876
82$969,676$0$0$399,080
83$973,096$0$0$399,096
84$973,858$0$0$397,833
85$971,595$0$0$395,119
86$965,901$0$0$390,765
87$956,324$0$0$384,559
88$942,366$0$0$376,270
89$923,472$0$0$365,638
90$899,028$0$0$352,378
91$868,353$0$0$336,173
92$830,695$0$0$316,673
93$785,219$0$0$293,489
94$731,003$0$0$266,192
95$667,026$0$0$234,309
96$592,160$0$0$197,314
97$505,156$0$0$154,627
98$404,635$0$0$105,607
99$289,070$0$0$49,547
100$156,778$0$0$0