Can I retire at age 66 with 683,000?

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 $683,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.2%
1 years$56,402$55,899$55,409$54,931$54,463$53,962
2 years$27,922$27,402$26,898$26,409$25,935$25,430
3 years$18,429$17,907$17,404$16,920$16,454$15,961
4 years$13,684$13,164$12,666$12,190$11,735$11,258
5 years$10,838$10,320$9,829$9,363$8,921$8,460
6 years$8,941$8,427$7,944$7,488$7,059$6,616
7 years$7,587$7,077$6,601$6,156$5,741$5,316
8 years$6,571$6,067$5,598$5,164$4,762$4,355
9 years$5,782$5,282$4,822$4,399$4,011$3,621
10 years$5,151$4,656$4,204$3,792$3,417$3,045
11 years$4,635$4,145$3,701$3,300$2,939$2,584
12 years$4,205$3,720$3,284$2,895$2,547$2,209
13 years$3,842$3,362$2,934$2,555$2,221$1,899
14 years$3,531$3,056$2,637$2,268$1,947$1,641
15 years$3,261$2,792$2,381$2,023$1,714$1,424
16 years$3,026$2,561$2,158$1,811$1,515$1,240
17 years$2,818$2,359$1,964$1,628$1,343$1,083
18 years$2,634$2,180$1,793$1,467$1,194$948
19 years$2,469$2,020$1,641$1,325$1,065$832
20 years$2,321$1,877$1,506$1,200$951$732
21 years$2,188$1,749$1,385$1,089$851$644
22 years$2,066$1,632$1,277$991$763$568
23 years$1,955$1,527$1,179$902$685$502
24 years$1,854$1,430$1,090$823$615$444
25 years$1,761$1,342$1,010$751$554$392
26 years$1,675$1,261$937$687$499$348
27 years$1,596$1,187$870$629$450$308
28 years$1,522$1,119$809$576$406$273
29 years$1,454$1,055$752$528$366$242
30 years$1,390$997$701$485$331$215
31 years$1,331$942$653$445$299$191
32 years$1,275$892$610$409$271$170
33 years$1,223$844$569$376$245$151
34 years$1,174$800$532$346$222$134
35 years$1,128$759$497$319$201$119
36 years$1,085$720$465$294$182$106
37 years$1,044$684$435$271$165$94
38 years$1,005$650$408$249$150$84
39 years$968$618$382$230$136$75
40 years$934$588$358$212$123$67
41 years$901$560$336$196$112$59
42 years$870$533$315$181$101$53
43 years$840$508$296$167$92$47
44 years$812$484$277$154$83$42
45 years$785$462$260$142$76$37
46 years$759$441$245$131$69$33
47 years$734$420$230$121$62$30
48 years$711$401$216$112$57$26
49 years$688$383$203$104$52$23
50 years$667$366$191$96$47$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $683,000, adding $2,627 every year, while hoping to spend $48,428 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: 55/38/7 Blend
65$683,000$683,000$683,000$683,000
66$755,376$719,177$708,590$795,566
67$780,897$702,889$680,801$806,711
68$807,398$684,181$650,458$813,246
69$834,929$662,881$617,424$819,181
70$863,540$638,811$581,556$824,465
71$893,289$611,780$542,706$829,048
72$924,234$581,587$500,716$832,872
73$956,440$548,020$455,424$835,881
74$989,976$510,852$406,661$838,014
75$1,024,917$469,847$354,247$839,209
76$1,061,341$424,752$297,996$839,401
77$1,099,335$375,301$237,716$838,522
78$1,138,990$321,215$173,203$836,500
79$1,180,408$262,195$104,246$833,264
80$1,223,695$197,928$30,624$828,738
81$1,268,969$128,083$0$822,844
82$1,316,355$52,310$0$819,082
83$1,365,989$0$0$816,463
84$1,418,021$0$0$825,075
85$1,472,609$0$0$857,078
86$1,529,929$0$0$890,702
87$1,590,170$0$0$926,062
88$1,653,537$0$0$963,280
89$1,720,255$0$0$1,002,491
90$1,790,567$0$0$1,043,842
91$1,864,738$0$0$1,087,493
92$1,943,058$0$0$1,133,616
93$2,025,842$0$0$1,182,404
94$2,113,435$0$0$1,234,062
95$2,206,212$0$0$1,288,817
96$2,304,585$0$0$1,346,917
97$2,409,001$0$0$1,408,632
98$2,519,953$0$0$1,474,259
99$2,637,977$0$0$1,544,121
100$2,763,661$0$0$1,618,573