Can I retire at age 66 with 675,000?

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 $675,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.1%
1 years$55,741$55,244$54,760$54,287$53,825$53,352
2 years$27,594$27,081$26,582$26,100$25,631$25,154
3 years$18,214$17,697$17,201$16,722$16,261$15,796
4 years$13,524$13,009$12,518$12,047$11,598$11,147
5 years$10,711$10,200$9,714$9,254$8,816$8,381
6 years$8,836$8,329$7,851$7,400$6,976$6,558
7 years$7,498$6,994$6,524$6,084$5,673$5,272
8 years$6,494$5,996$5,533$5,104$4,707$4,322
9 years$5,714$5,220$4,765$4,347$3,964$3,596
10 years$5,091$4,601$4,155$3,747$3,377$3,026
11 years$4,581$4,096$3,658$3,261$2,905$2,569
12 years$4,156$3,677$3,246$2,861$2,517$2,197
13 years$3,797$3,323$2,900$2,526$2,195$1,891
14 years$3,489$3,020$2,606$2,242$1,924$1,635
15 years$3,223$2,759$2,353$1,999$1,694$1,420
16 years$2,991$2,531$2,133$1,790$1,497$1,237
17 years$2,785$2,331$1,941$1,608$1,328$1,081
18 years$2,603$2,154$1,772$1,450$1,180$947
19 years$2,440$1,996$1,622$1,310$1,052$832
20 years$2,294$1,855$1,489$1,186$940$732
21 years$2,162$1,728$1,369$1,077$841$645
22 years$2,042$1,613$1,262$979$754$569
23 years$1,932$1,509$1,165$892$677$503
24 years$1,832$1,414$1,078$813$608$445
25 years$1,740$1,327$998$743$547$394
26 years$1,655$1,247$926$679$493$349
27 years$1,577$1,173$860$621$444$310
28 years$1,504$1,106$799$569$401$275
29 years$1,437$1,043$744$522$362$244
30 years$1,374$985$693$479$327$217
31 years$1,315$931$646$440$296$193
32 years$1,260$881$602$404$268$171
33 years$1,209$834$563$372$242$152
34 years$1,160$791$526$342$219$136
35 years$1,115$750$491$315$199$121
36 years$1,072$712$460$290$180$107
37 years$1,032$676$430$267$163$96
38 years$993$643$403$246$148$85
39 years$957$611$378$227$134$76
40 years$923$581$354$210$122$68
41 years$890$553$332$193$110$60
42 years$859$527$311$178$100$54
43 years$830$502$292$165$91$48
44 years$802$479$274$152$82$43
45 years$775$456$257$140$75$38
46 years$750$435$242$130$68$34
47 years$726$416$227$120$62$30
48 years$702$397$213$111$56$27
49 years$680$379$201$102$51$24
50 years$659$362$189$95$46$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $675,000, adding $4,531 every year, while hoping to spend $50,555 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$675,000$675,000$675,000$675,000
66$748,524$712,749$702,286$774,841
67$771,083$693,883$672,023$775,051
68$794,249$672,399$639,051$769,990
69$818,030$648,114$603,227$763,403
70$842,434$620,837$564,400$755,178
71$867,468$590,363$522,413$745,192
72$893,136$556,478$477,100$733,317
73$919,445$518,954$428,292$719,417
74$946,396$477,550$375,807$703,347
75$973,991$432,013$319,459$684,954
76$1,002,228$382,072$259,052$664,076
77$1,031,107$327,444$194,381$640,540
78$1,060,620$267,830$125,233$614,162
79$1,090,760$202,910$51,385$584,750
80$1,121,516$132,352$0$552,097
81$1,152,874$55,800$0$519,496
82$1,184,815$0$0$490,456
83$1,217,315$0$0$472,798
84$1,250,347$0$0$485,408
85$1,283,878$0$0$498,182
86$1,317,868$0$0$511,102
87$1,352,270$0$0$524,145
88$1,387,031$0$0$537,288
89$1,422,088$0$0$550,502
90$1,457,368$0$0$563,753
91$1,492,789$0$0$577,004
92$1,528,256$0$0$590,214
93$1,563,661$0$0$603,332
94$1,598,883$0$0$616,306
95$1,633,783$0$0$629,073
96$1,668,205$0$0$641,564
97$1,701,973$0$0$653,702
98$1,734,889$0$0$665,399
99$1,766,731$0$0$676,557
100$1,797,249$0$0$687,067