Can I retire at age 66 with 675,000?

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 $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%15.9%
1 years$55,741$55,244$54,760$54,287$53,825$52,524
2 years$27,594$27,081$26,582$26,100$25,631$24,328
3 years$18,214$17,697$17,201$16,722$16,261$14,997
4 years$13,524$13,009$12,518$12,047$11,598$10,382
5 years$10,711$10,200$9,714$9,254$8,816$7,653
6 years$8,836$8,329$7,851$7,400$6,976$5,865
7 years$7,498$6,994$6,524$6,084$5,673$4,616
8 years$6,494$5,996$5,533$5,104$4,707$3,702
9 years$5,714$5,220$4,765$4,347$3,964$3,011
10 years$5,091$4,601$4,155$3,747$3,377$2,476
11 years$4,581$4,096$3,658$3,261$2,905$2,052
12 years$4,156$3,677$3,246$2,861$2,517$1,713
13 years$3,797$3,323$2,900$2,526$2,195$1,438
14 years$3,489$3,020$2,606$2,242$1,924$1,212
15 years$3,223$2,759$2,353$1,999$1,694$1,025
16 years$2,991$2,531$2,133$1,790$1,497$870
17 years$2,785$2,331$1,941$1,608$1,328$740
18 years$2,603$2,154$1,772$1,450$1,180$631
19 years$2,440$1,996$1,622$1,310$1,052$539
20 years$2,294$1,855$1,489$1,186$940$461
21 years$2,162$1,728$1,369$1,077$841$395
22 years$2,042$1,613$1,262$979$754$338
23 years$1,932$1,509$1,165$892$677$290
24 years$1,832$1,414$1,078$813$608$249
25 years$1,740$1,327$998$743$547$214
26 years$1,655$1,247$926$679$493$184
27 years$1,577$1,173$860$621$444$158
28 years$1,504$1,106$799$569$401$136
29 years$1,437$1,043$744$522$362$117
30 years$1,374$985$693$479$327$101
31 years$1,315$931$646$440$296$87
32 years$1,260$881$602$404$268$75
33 years$1,209$834$563$372$242$65
34 years$1,160$791$526$342$219$56
35 years$1,115$750$491$315$199$48
36 years$1,072$712$460$290$180$41
37 years$1,032$676$430$267$163$36
38 years$993$643$403$246$148$31
39 years$957$611$378$227$134$27
40 years$923$581$354$210$122$23
41 years$890$553$332$193$110$20
42 years$859$527$311$178$100$17
43 years$830$502$292$165$91$15
44 years$802$479$274$152$82$13
45 years$775$456$257$140$75$11
46 years$750$435$242$130$68$9
47 years$726$416$227$120$62$8
48 years$702$397$213$111$56$7
49 years$680$379$201$102$51$6
50 years$659$362$189$95$46$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $675,000, adding $2,908 every year, while hoping to spend $22,375 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: 31/49/20 Blend
65$675,000$675,000$675,000$675,000
66$746,850$711,075$700,612$765,268
67$799,221$722,110$700,276$790,433
68$856,185$732,937$699,178$815,278
69$918,186$743,521$697,270$841,552
70$985,713$753,825$694,501$869,395
71$1,059,304$763,811$690,815$898,958
72$1,139,553$773,438$686,158$930,410
73$1,227,112$782,660$680,468$963,941
74$1,322,698$791,432$673,684$999,758
75$1,427,102$799,701$665,742$1,038,091
76$1,541,194$807,414$656,572$1,079,197
77$1,665,933$814,514$646,104$1,123,357
78$1,802,372$820,939$634,263$1,170,887
79$1,951,673$826,624$620,970$1,222,131
80$2,115,115$831,500$606,143$1,277,476
81$2,294,105$835,493$589,698$1,337,345
82$2,490,195$838,523$571,544$1,402,211
83$2,705,092$840,508$551,588$1,472,593
84$2,940,677$841,358$529,731$1,549,070
85$3,199,021$840,979$505,872$1,632,278
86$3,482,405$839,271$479,903$1,722,924
87$3,793,343$836,128$451,712$1,821,788
88$4,134,602$831,436$421,182$1,929,734
89$4,509,231$825,076$388,192$2,047,716
90$4,920,589$816,921$352,612$2,176,790
91$5,372,374$806,836$314,310$2,318,124
92$5,868,663$794,678$273,146$2,473,006
93$6,413,946$780,295$228,975$2,642,864
94$7,013,167$763,529$181,645$2,829,274
95$7,671,776$744,208$130,997$3,033,976
96$8,395,777$722,154$76,864$3,258,895
97$9,191,782$697,175$19,075$3,506,157
98$10,067,078$669,071$0$3,778,110
99$11,029,694$637,629$0$4,086,439
100$12,088,472$602,623$0$4,429,853