Can I retire at age 66 with 677,000?

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 $677,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.4%
1 years$55,906$55,408$54,922$54,448$53,985$53,003
2 years$27,676$27,161$26,661$26,177$25,707$24,722
3 years$18,268$17,750$17,252$16,772$16,310$15,351
4 years$13,564$13,048$12,555$12,083$11,632$10,708
5 years$10,743$10,230$9,743$9,281$8,843$7,955
6 years$8,863$8,353$7,874$7,422$6,997$6,147
7 years$7,520$7,015$6,543$6,102$5,690$4,879
8 years$6,514$6,013$5,549$5,119$4,721$3,947
9 years$5,731$5,236$4,779$4,360$3,975$3,239
10 years$5,106$4,615$4,167$3,759$3,387$2,688
11 years$4,594$4,108$3,668$3,271$2,913$2,250
12 years$4,168$3,688$3,256$2,869$2,525$1,896
13 years$3,808$3,332$2,909$2,533$2,201$1,607
14 years$3,500$3,029$2,613$2,249$1,930$1,369
15 years$3,233$2,767$2,360$2,005$1,699$1,170
16 years$2,999$2,539$2,139$1,796$1,502$1,003
17 years$2,794$2,338$1,947$1,613$1,331$863
18 years$2,611$2,161$1,777$1,454$1,184$744
19 years$2,448$2,002$1,627$1,314$1,055$642
20 years$2,301$1,861$1,493$1,190$943$555
21 years$2,168$1,733$1,373$1,080$843$481
22 years$2,048$1,618$1,266$982$756$417
23 years$1,938$1,513$1,169$894$679$362
24 years$1,838$1,418$1,081$816$610$315
25 years$1,745$1,330$1,001$745$549$274
26 years$1,660$1,250$928$681$494$238
27 years$1,582$1,177$862$623$446$207
28 years$1,509$1,109$801$571$402$181
29 years$1,441$1,046$746$524$363$157
30 years$1,378$988$695$481$328$137
31 years$1,319$934$648$441$297$120
32 years$1,264$884$604$406$268$104
33 years$1,212$837$564$373$243$91
34 years$1,164$793$527$343$220$80
35 years$1,118$752$493$316$199$69
36 years$1,075$714$461$291$180$61
37 years$1,035$678$432$268$164$53
38 years$996$645$404$247$148$46
39 years$960$613$379$228$134$40
40 years$926$583$355$210$122$35
41 years$893$555$333$194$111$31
42 years$862$529$312$179$100$27
43 years$832$504$293$165$91$24
44 years$804$480$275$153$83$21
45 years$778$458$258$141$75$18
46 years$752$437$242$130$68$16
47 years$728$417$228$120$62$14
48 years$705$398$214$111$56$12
49 years$682$380$201$103$51$10
50 years$661$363$189$95$46$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $677,000, adding $6,570 every year, while hoping to spend $28,628 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: 52/27/21 Blend
65$677,000$677,000$677,000$677,000
66$752,831$716,950$706,456$787,293
67$799,160$721,621$699,663$816,419
68$849,255$725,560$691,682$844,580
69$903,469$728,704$682,444$874,605
70$962,193$730,980$671,876$906,682
71$1,025,854$732,315$659,901$941,018
72$1,094,922$732,629$646,438$977,844
73$1,169,914$731,838$631,404$1,017,412
74$1,251,399$729,853$614,711$1,060,006
75$1,340,005$726,578$596,266$1,105,937
76$1,436,418$721,913$575,973$1,155,550
77$1,541,397$715,751$553,733$1,209,228
78$1,655,775$707,979$529,439$1,267,394
79$1,780,470$698,476$502,981$1,330,514
80$1,916,493$687,116$474,245$1,399,108
81$2,064,953$673,763$443,111$1,473,748
82$2,227,075$658,274$409,452$1,555,067
83$2,404,206$640,499$373,138$1,643,766
84$2,597,829$620,276$334,031$1,740,620
85$2,809,575$597,438$291,989$1,846,485
86$3,041,242$571,803$246,861$1,962,308
87$3,294,810$543,182$198,492$2,089,135
88$3,572,458$511,375$146,719$2,228,124
89$3,876,585$476,169$91,371$2,380,552
90$4,209,835$437,340$32,270$2,547,832
91$4,575,119$394,650$0$2,731,525
92$4,975,642$347,849$0$2,940,257
93$5,414,934$296,670$0$3,177,194
94$5,896,886$240,836$0$3,437,249
95$6,425,780$180,048$0$3,722,791
96$7,006,334$113,995$0$4,036,435
97$7,643,747$42,347$0$4,381,066
98$8,343,742$0$0$4,759,865
99$9,112,628$0$0$5,186,815
100$9,957,352$0$0$5,669,770