Can I retire at age 66 with 687,000?

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 $687,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.4%
1 years$56,732$56,226$55,733$55,252$54,782$53,786
2 years$28,085$27,562$27,055$26,564$26,087$25,087
3 years$18,537$18,012$17,506$17,020$16,551$15,578
4 years$13,764$13,241$12,740$12,262$11,804$10,866
5 years$10,901$10,381$9,887$9,418$8,973$8,073
6 years$8,993$8,477$7,990$7,532$7,100$6,238
7 years$7,631$7,119$6,640$6,192$5,774$4,951
8 years$6,610$6,102$5,631$5,195$4,790$4,005
9 years$5,816$5,313$4,850$4,425$4,034$3,287
10 years$5,181$4,683$4,228$3,814$3,437$2,728
11 years$4,662$4,169$3,723$3,319$2,956$2,283
12 years$4,230$3,742$3,304$2,912$2,562$1,924
13 years$3,864$3,382$2,952$2,570$2,234$1,631
14 years$3,552$3,074$2,652$2,282$1,958$1,389
15 years$3,281$2,808$2,394$2,035$1,724$1,187
16 years$3,044$2,576$2,171$1,822$1,524$1,018
17 years$2,835$2,373$1,975$1,637$1,351$876
18 years$2,649$2,192$1,803$1,475$1,201$755
19 years$2,484$2,032$1,651$1,333$1,071$652
20 years$2,335$1,888$1,515$1,207$956$564
21 years$2,200$1,759$1,394$1,096$856$488
22 years$2,078$1,642$1,284$996$767$423
23 years$1,967$1,535$1,186$907$689$368
24 years$1,865$1,439$1,097$828$619$319
25 years$1,771$1,350$1,016$756$557$278
26 years$1,685$1,269$942$691$502$242
27 years$1,605$1,194$875$633$452$210
28 years$1,531$1,125$813$580$408$183
29 years$1,462$1,062$757$531$369$160
30 years$1,398$1,003$705$488$333$139
31 years$1,339$948$657$448$301$122
32 years$1,283$897$613$412$272$106
33 years$1,230$849$573$379$246$92
34 years$1,181$805$535$348$223$81
35 years$1,135$763$500$321$202$70
36 years$1,091$725$468$295$183$62
37 years$1,050$688$438$272$166$54
38 years$1,011$654$410$251$150$47
39 years$974$622$384$231$136$41
40 years$939$592$360$213$124$36
41 years$906$563$338$197$112$31
42 years$875$536$317$182$102$27
43 years$845$511$297$168$92$24
44 years$816$487$279$155$84$21
45 years$789$465$262$143$76$18
46 years$763$443$246$132$69$16
47 years$739$423$231$122$63$14
48 years$715$404$217$113$57$12
49 years$692$386$204$104$52$11
50 years$671$368$192$96$47$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $687,000, adding $3,425 every year, while hoping to spend $39,287 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: 45/49/6 Blend
65$687,000$687,000$687,000$687,000
66$760,607$724,196$713,547$793,422
67$796,388$717,880$695,650$810,070
68$834,501$709,939$675,837$823,755
69$875,145$700,250$654,001$837,673
70$918,532$688,685$630,033$851,859
71$964,901$675,108$603,817$866,353
72$1,014,508$659,376$575,232$881,201
73$1,067,637$641,335$544,152$896,458
74$1,124,600$620,824$510,445$912,187
75$1,185,736$597,672$473,972$928,460
76$1,251,422$571,698$434,591$945,362
77$1,322,066$542,711$392,149$962,988
78$1,398,120$510,507$346,489$981,448
79$1,480,080$474,874$297,449$1,000,868
80$1,568,490$435,584$244,855$1,021,391
81$1,663,947$392,398$188,528$1,043,179
82$1,767,107$345,064$128,282$1,066,417
83$1,878,694$293,313$63,921$1,091,312
84$1,999,499$236,864$0$1,118,101
85$2,130,396$175,419$0$1,147,354
86$2,272,343$108,661$0$1,183,454
87$2,426,395$36,258$0$1,222,657
88$2,593,712$0$0$1,265,355
89$2,775,569$0$0$1,334,715
90$2,973,371$0$0$1,431,492
91$3,188,662$0$0$1,536,900
92$3,423,141$0$0$1,651,781
93$3,678,677$0$0$1,777,060
94$3,957,329$0$0$1,913,757
95$4,261,361$0$0$2,062,993
96$4,593,267$0$0$2,226,003
97$4,955,790$0$0$2,404,147
98$5,351,952$0$0$2,598,921
99$5,785,079$0$0$2,811,972
100$6,258,832$0$0$3,045,116