Can I retire at age 66 with 678,000?

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 $678,000?

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$55,989$55,490$55,003$54,528$54,065$53,589
2 years$27,717$27,201$26,701$26,216$25,745$25,266
3 years$18,295$17,776$17,277$16,797$16,334$15,866
4 years$13,584$13,067$12,573$12,101$11,649$11,196
5 years$10,759$10,245$9,757$9,295$8,856$8,419
6 years$8,876$8,366$7,885$7,433$7,007$6,587
7 years$7,531$7,026$6,553$6,111$5,699$5,295
8 years$6,523$6,022$5,557$5,126$4,728$4,341
9 years$5,740$5,243$4,787$4,367$3,981$3,612
10 years$5,113$4,622$4,173$3,764$3,392$3,039
11 years$4,601$4,115$3,674$3,276$2,917$2,580
12 years$4,174$3,693$3,260$2,873$2,528$2,207
13 years$3,814$3,337$2,913$2,537$2,205$1,899
14 years$3,505$3,034$2,617$2,252$1,933$1,642
15 years$3,238$2,771$2,363$2,008$1,702$1,426
16 years$3,004$2,543$2,142$1,798$1,504$1,243
17 years$2,798$2,342$1,950$1,616$1,333$1,086
18 years$2,615$2,164$1,780$1,456$1,186$952
19 years$2,451$2,005$1,629$1,316$1,057$836
20 years$2,304$1,863$1,495$1,192$944$735
21 years$2,172$1,736$1,375$1,081$845$648
22 years$2,051$1,620$1,268$983$757$572
23 years$1,941$1,515$1,170$895$680$505
24 years$1,840$1,420$1,082$817$611$447
25 years$1,748$1,332$1,003$746$550$396
26 years$1,663$1,252$930$682$495$351
27 years$1,584$1,179$863$624$446$311
28 years$1,511$1,111$803$572$403$276
29 years$1,443$1,048$747$524$364$245
30 years$1,380$989$696$481$329$218
31 years$1,321$935$649$442$297$194
32 years$1,266$885$605$406$269$172
33 years$1,214$838$565$374$243$153
34 years$1,166$794$528$344$220$136
35 years$1,120$753$494$316$199$121
36 years$1,077$715$462$291$181$108
37 years$1,036$679$432$269$164$96
38 years$998$645$405$248$149$86
39 years$961$614$379$228$135$76
40 years$927$584$355$210$122$68
41 years$894$556$333$194$111$61
42 years$863$529$313$179$101$54
43 years$834$504$293$165$91$48
44 years$806$481$275$153$83$43
45 years$779$458$259$141$75$38
46 years$753$437$243$130$68$34
47 years$729$417$228$120$62$30
48 years$706$398$214$111$56$27
49 years$683$381$202$103$51$24
50 years$662$363$189$95$46$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $678,000, adding $3,080 every year, while hoping to spend $45,841 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: 60/28/12 Blend
65$678,000$678,000$678,000$678,000
66$750,333$714,399$703,890$792,999
67$778,093$700,630$678,696$808,286
68$807,147$684,650$651,121$819,505
69$837,580$666,302$621,038$830,632
70$869,483$645,421$588,313$841,664
71$902,954$621,830$552,805$852,595
72$938,099$595,344$514,368$863,424
73$975,036$565,765$472,849$874,151
74$1,013,889$532,887$428,089$884,778
75$1,054,796$496,489$379,920$895,312
76$1,097,906$456,339$328,169$905,761
77$1,143,383$412,189$272,653$916,138
78$1,191,403$363,782$213,182$926,460
79$1,242,161$310,842$149,558$936,751
80$1,295,866$253,078$81,573$947,040
81$1,352,750$190,184$9,011$957,361
82$1,413,065$121,837$0$967,758
83$1,477,085$47,695$0$987,046
84$1,545,111$0$0$1,008,326
85$1,617,474$0$0$1,040,595
86$1,694,532$0$0$1,090,636
87$1,776,680$0$0$1,144,014
88$1,864,351$0$0$1,201,014
89$1,958,017$0$0$1,261,948
90$2,058,198$0$0$1,327,157
91$2,165,462$0$0$1,397,018
92$2,280,432$0$0$1,471,941
93$2,403,794$0$0$1,552,377
94$2,536,297$0$0$1,638,822
95$2,678,766$0$0$1,731,820
96$2,832,105$0$0$1,831,967
97$2,997,308$0$0$1,939,920
98$3,175,466$0$0$2,056,399
99$3,367,779$0$0$2,182,194
100$3,575,562$0$0$2,318,176