Can I retire at age 66 with 686,000?

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 $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%17.1%
1 years$56,649$56,145$55,652$55,172$54,703$53,122
2 years$28,044$27,522$27,016$26,525$26,049$24,469
3 years$18,510$17,986$17,481$16,995$16,526$14,997
4 years$13,744$13,222$12,722$12,244$11,787$10,319
5 years$10,886$10,366$9,873$9,404$8,960$7,558
6 years$8,980$8,464$7,978$7,521$7,090$5,755
7 years$7,620$7,108$6,630$6,183$5,766$4,499
8 years$6,600$6,093$5,623$5,187$4,783$3,583
9 years$5,807$5,305$4,843$4,418$4,028$2,893
10 years$5,174$4,676$4,222$3,808$3,432$2,361
11 years$4,655$4,163$3,717$3,315$2,952$1,942
12 years$4,224$3,737$3,299$2,907$2,558$1,608
13 years$3,859$3,377$2,947$2,567$2,231$1,339
14 years$3,546$3,069$2,648$2,278$1,955$1,119
15 years$3,276$2,804$2,391$2,032$1,722$939
16 years$3,039$2,573$2,168$1,819$1,522$790
17 years$2,831$2,369$1,973$1,635$1,349$666
18 years$2,646$2,189$1,801$1,473$1,200$563
19 years$2,480$2,029$1,648$1,331$1,069$476
20 years$2,331$1,885$1,513$1,206$955$404
21 years$2,197$1,756$1,392$1,094$855$342
22 years$2,075$1,639$1,283$995$766$291
23 years$1,964$1,533$1,184$906$688$247
24 years$1,862$1,437$1,095$826$618$210
25 years$1,769$1,348$1,014$755$556$179
26 years$1,682$1,267$941$690$501$152
27 years$1,603$1,192$874$632$452$130
28 years$1,529$1,124$812$579$408$111
29 years$1,460$1,060$756$531$368$94
30 years$1,396$1,001$704$487$333$80
31 years$1,337$946$656$447$301$69
32 years$1,281$895$612$411$272$59
33 years$1,229$848$572$378$246$50
34 years$1,179$804$534$348$223$43
35 years$1,133$762$499$320$202$36
36 years$1,090$724$467$295$183$31
37 years$1,048$687$437$272$166$26
38 years$1,010$653$409$250$150$23
39 years$973$621$384$231$136$19
40 years$938$591$360$213$124$16
41 years$905$562$337$196$112$14
42 years$873$536$316$181$102$12
43 years$844$510$297$167$92$10
44 years$815$486$279$155$84$9
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$5
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 $3,238 every year, while hoping to spend $27,443 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: 43/49/8 Blend
65$686,000$686,000$686,000$686,000
66$759,312$722,954$712,321$790,072
67$807,563$729,180$706,985$817,991
68$859,815$734,790$700,550$845,168
69$916,449$739,728$692,950$873,981
70$977,880$743,928$684,118$904,588
71$1,044,568$747,325$673,980$937,168
72$1,117,017$749,847$662,462$971,916
73$1,195,782$751,418$649,483$1,009,050
74$1,281,473$751,959$634,962$1,048,811
75$1,374,761$751,383$618,811$1,091,466
76$1,476,386$749,600$600,941$1,137,311
77$1,587,161$746,514$581,256$1,186,675
78$1,707,981$742,022$559,657$1,239,921
79$1,839,831$736,017$536,041$1,297,451
80$1,983,794$728,383$510,300$1,359,712
81$2,141,066$718,999$482,320$1,427,196
82$2,312,960$707,734$451,982$1,500,452
83$2,500,922$694,453$419,164$1,580,083
84$2,706,545$679,011$383,735$1,666,759
85$2,931,584$661,254$345,561$1,761,222
86$3,177,969$641,019$304,501$1,864,292
87$3,447,827$618,134$260,408$1,976,876
88$3,743,501$592,418$213,127$2,099,977
89$4,067,570$563,678$162,498$2,234,706
90$4,422,873$531,710$108,353$2,382,289
91$4,812,541$496,298$50,517$2,544,086
92$5,240,018$457,215$0$2,721,596
93$5,709,101$414,220$0$2,917,434
94$6,223,971$367,057$0$3,137,144
95$6,789,232$315,459$0$3,378,451
96$7,409,958$259,141$0$3,643,613
97$8,091,737$197,802$0$3,935,125
98$8,840,725$131,126$0$4,255,739
99$9,663,704$58,777$0$4,608,499
100$10,568,146$0$0$4,996,762