Can I retire at age 66 with 684,000?

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 $684,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.8%
1 years$56,484$55,981$55,490$55,011$54,543$53,684
2 years$27,962$27,442$26,937$26,448$25,973$25,109
3 years$18,456$17,933$17,430$16,945$16,478$15,637
4 years$13,704$13,183$12,685$12,208$11,752$10,941
5 years$10,854$10,336$9,844$9,377$8,934$8,154
6 years$8,954$8,440$7,955$7,499$7,069$6,321
7 years$7,598$7,088$6,611$6,165$5,749$5,034
8 years$6,581$6,075$5,606$5,172$4,769$4,087
9 years$5,790$5,290$4,829$4,405$4,017$3,366
10 years$5,158$4,663$4,210$3,797$3,422$2,803
11 years$4,642$4,151$3,706$3,305$2,943$2,355
12 years$4,211$3,726$3,289$2,899$2,551$1,993
13 years$3,848$3,367$2,939$2,559$2,224$1,696
14 years$3,536$3,060$2,640$2,272$1,950$1,450
15 years$3,266$2,796$2,384$2,026$1,717$1,245
16 years$3,030$2,565$2,161$1,814$1,517$1,072
17 years$2,823$2,362$1,967$1,630$1,345$926
18 years$2,638$2,183$1,795$1,469$1,196$801
19 years$2,473$2,023$1,644$1,327$1,066$695
20 years$2,325$1,880$1,508$1,202$952$604
21 years$2,191$1,751$1,388$1,091$852$525
22 years$2,069$1,635$1,279$992$764$458
23 years$1,958$1,529$1,181$903$686$399
24 years$1,857$1,432$1,092$824$616$349
25 years$1,763$1,344$1,011$752$555$305
26 years$1,678$1,263$938$688$500$266
27 years$1,598$1,189$871$630$450$233
28 years$1,524$1,120$810$577$406$204
29 years$1,456$1,057$754$529$367$179
30 years$1,392$998$702$486$332$157
31 years$1,333$944$654$446$300$137
32 years$1,277$893$611$410$271$120
33 years$1,225$846$570$377$245$105
34 years$1,176$801$533$347$222$93
35 years$1,130$760$498$319$201$81
36 years$1,086$721$466$294$182$71
37 years$1,045$685$436$271$165$63
38 years$1,007$651$408$250$150$55
39 years$970$619$383$230$136$48
40 years$935$589$359$212$123$42
41 years$902$561$336$196$112$37
42 years$871$534$315$181$101$33
43 years$841$509$296$167$92$29
44 years$813$485$278$154$84$25
45 years$786$463$261$142$76$22
46 years$760$441$245$131$69$19
47 years$735$421$230$121$63$17
48 years$712$402$216$112$57$15
49 years$689$384$203$104$52$13
50 years$668$367$191$96$47$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $684,000, adding $3,532 every year, while hoping to spend $44,381 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: 80/13/7 Blend
65$684,000$684,000$684,000$684,000
66$757,411$721,159$710,557$817,154
67$787,446$709,275$687,140$844,912
68$819,057$695,321$661,451$869,153
69$852,358$679,149$633,366$894,413
70$887,473$660,602$602,759$920,770
71$924,538$639,513$569,493$948,311
72$963,698$615,707$533,429$977,132
73$1,005,117$588,998$494,420$1,007,339
74$1,048,968$559,189$452,313$1,039,048
75$1,095,444$526,070$406,947$1,072,390
76$1,144,755$489,423$358,154$1,107,507
77$1,197,128$449,013$305,761$1,144,556
78$1,252,816$404,595$249,584$1,183,712
79$1,312,091$355,908$189,433$1,225,167
80$1,375,254$302,677$125,109$1,269,134
81$1,442,634$244,612$56,404$1,315,848
82$1,514,590$181,406$0$1,365,569
83$1,591,517$112,734$0$1,419,849
84$1,673,848$38,254$0$1,482,318
85$1,762,056$0$0$1,549,130
86$1,856,662$0$0$1,626,754
87$1,958,236$0$0$1,715,985
88$2,067,405$0$0$1,811,901
89$2,184,856$0$0$1,915,108
90$2,311,345$0$0$2,026,272
91$2,447,700$0$0$2,146,123
92$2,594,831$0$0$2,275,463
93$2,753,741$0$0$2,415,175
94$2,925,527$0$0$2,566,228
95$3,111,399$0$0$2,729,686
96$3,312,686$0$0$2,906,720
97$3,530,847$0$0$3,098,619
98$3,767,489$0$0$3,306,796
99$4,024,379$0$0$3,532,809
100$4,303,458$0$0$3,778,370