Can I retire at age 66 with 686,000?

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 $686,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.4%
1 years$56,649$56,145$55,652$55,172$54,703$53,058
2 years$28,044$27,522$27,016$26,525$26,049$24,406
3 years$18,510$17,986$17,481$16,995$16,526$14,936
4 years$13,744$13,222$12,722$12,244$11,787$10,262
5 years$10,886$10,366$9,873$9,404$8,960$7,505
6 years$8,980$8,464$7,978$7,521$7,090$5,705
7 years$7,620$7,108$6,630$6,183$5,766$4,452
8 years$6,600$6,093$5,623$5,187$4,783$3,539
9 years$5,807$5,305$4,843$4,418$4,028$2,852
10 years$5,174$4,676$4,222$3,808$3,432$2,323
11 years$4,655$4,163$3,717$3,315$2,952$1,908
12 years$4,224$3,737$3,299$2,907$2,558$1,577
13 years$3,859$3,377$2,947$2,567$2,231$1,310
14 years$3,546$3,069$2,648$2,278$1,955$1,093
15 years$3,276$2,804$2,391$2,032$1,722$915
16 years$3,039$2,573$2,168$1,819$1,522$768
17 years$2,831$2,369$1,973$1,635$1,349$646
18 years$2,646$2,189$1,801$1,473$1,200$545
19 years$2,480$2,029$1,648$1,331$1,069$460
20 years$2,331$1,885$1,513$1,206$955$389
21 years$2,197$1,756$1,392$1,094$855$329
22 years$2,075$1,639$1,283$995$766$279
23 years$1,964$1,533$1,184$906$688$237
24 years$1,862$1,437$1,095$826$618$201
25 years$1,769$1,348$1,014$755$556$170
26 years$1,682$1,267$941$690$501$145
27 years$1,603$1,192$874$632$452$123
28 years$1,529$1,124$812$579$408$105
29 years$1,460$1,060$756$531$368$89
30 years$1,396$1,001$704$487$333$76
31 years$1,337$946$656$447$301$64
32 years$1,281$895$612$411$272$55
33 years$1,229$848$572$378$246$47
34 years$1,179$804$534$348$223$40
35 years$1,133$762$499$320$202$34
36 years$1,090$724$467$295$183$29
37 years$1,048$687$437$272$166$24
38 years$1,010$653$409$250$150$21
39 years$973$621$384$231$136$18
40 years$938$591$360$213$124$15
41 years$905$562$337$196$112$13
42 years$873$536$316$181$102$11
43 years$844$510$297$167$92$9
44 years$815$486$279$155$84$8
45 years$788$464$262$143$76$7
46 years$762$443$246$132$69$6
47 years$737$422$231$122$63$5
48 years$714$403$217$113$57$4
49 years$691$385$204$104$52$4
50 years$670$368$192$96$47$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $686,000, adding $3,056 every year, while hoping to spend $50,131 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: 56/25/19 Blend
65$686,000$686,000$686,000$686,000
66$759,124$722,766$712,133$797,616
67$783,216$704,843$682,651$806,272
68$808,085$684,361$650,500$810,061
69$833,757$661,142$615,540$813,081
70$860,260$634,998$577,620$815,270
71$887,623$605,729$536,587$816,562
72$915,874$573,124$492,276$816,889
73$945,046$536,959$444,519$816,178
74$975,168$496,998$393,139$814,351
75$1,006,276$452,991$337,950$811,329
76$1,038,403$404,675$278,758$807,024
77$1,071,587$351,770$215,363$801,347
78$1,105,863$293,982$147,552$794,203
79$1,141,273$230,999$75,107$785,491
80$1,177,857$162,492$0$775,105
81$1,215,658$88,113$0$763,382
82$1,254,720$7,496$0$766,033
83$1,295,092$0$0$767,745
84$1,336,822$0$0$790,379
85$1,379,962$0$0$815,911
86$1,424,565$0$0$842,313
87$1,470,690$0$0$869,618
88$1,518,395$0$0$897,861
89$1,567,743$0$0$927,081
90$1,618,800$0$0$957,317
91$1,671,637$0$0$988,610
92$1,726,326$0$0$1,021,006
93$1,782,945$0$0$1,054,550
94$1,841,576$0$0$1,089,292
95$1,902,306$0$0$1,125,283
96$1,965,226$0$0$1,162,579
97$2,030,434$0$0$1,201,239
98$2,098,033$0$0$1,241,324
99$2,168,133$0$0$1,282,902
100$2,240,849$0$0$1,326,041