Can I retire at age 66 with 609,000?

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 $609,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.6%
1 years$50,291$49,843$49,406$48,979$48,563$47,446
2 years$24,896$24,433$23,983$23,548$23,125$22,007
3 years$16,433$15,967$15,519$15,087$14,671$13,586
4 years$12,202$11,737$11,294$10,869$10,464$9,419
5 years$9,664$9,202$8,764$8,349$7,954$6,954
6 years$7,972$7,514$7,083$6,677$6,294$5,339
7 years$6,765$6,311$5,886$5,489$5,119$4,209
8 years$5,859$5,409$4,992$4,605$4,247$3,381
9 years$5,156$4,710$4,299$3,922$3,576$2,755
10 years$4,593$4,151$3,748$3,381$3,047$2,269
11 years$4,133$3,696$3,300$2,942$2,621$1,885
12 years$3,750$3,317$2,929$2,581$2,271$1,576
13 years$3,426$2,998$2,617$2,279$1,980$1,326
14 years$3,148$2,725$2,351$2,023$1,736$1,120
15 years$2,908$2,489$2,123$1,804$1,528$949
16 years$2,698$2,284$1,924$1,615$1,351$807
17 years$2,513$2,103$1,751$1,451$1,198$688
18 years$2,349$1,944$1,599$1,308$1,065$588
19 years$2,202$1,801$1,463$1,182$949$503
20 years$2,070$1,674$1,343$1,070$848$431
21 years$1,951$1,559$1,235$971$759$370
22 years$1,842$1,455$1,139$883$680$318
23 years$1,743$1,361$1,051$804$611$274
24 years$1,653$1,275$972$734$549$235
25 years$1,570$1,197$901$670$494$203
26 years$1,494$1,125$835$613$445$175
27 years$1,423$1,059$776$561$401$151
28 years$1,357$998$721$514$362$130
29 years$1,296$941$671$471$327$112
30 years$1,240$889$625$432$295$97
31 years$1,187$840$583$397$267$84
32 years$1,137$795$544$365$241$72
33 years$1,091$753$508$336$219$62
34 years$1,047$713$474$309$198$54
35 years$1,006$677$443$284$179$47
36 years$967$642$415$262$162$40
37 years$931$610$388$241$147$35
38 years$896$580$364$222$133$30
39 years$864$551$341$205$121$26
40 years$833$525$319$189$110$23
41 years$803$499$299$174$100$19
42 years$775$476$281$161$90$17
43 years$749$453$263$149$82$15
44 years$724$432$247$137$74$13
45 years$700$412$232$127$68$11
46 years$677$393$218$117$61$9
47 years$655$375$205$108$56$8
48 years$634$358$193$100$51$7
49 years$614$342$181$92$46$6
50 years$595$326$170$85$42$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $609,000, adding $6,337 every year, while hoping to spend $37,857 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: 77/15/8 Blend
65$609,000$609,000$609,000$609,000
66$677,655$645,378$635,938$728,568
67$706,496$636,722$616,962$754,256
68$737,010$626,373$596,082$776,906
69$769,328$614,208$573,194$800,639
70$803,592$600,097$548,189$825,545
71$839,959$583,902$520,954$851,727
72$878,599$565,477$491,369$879,296
73$919,698$544,668$459,313$908,377
74$963,461$521,310$424,654$939,107
75$1,010,112$495,232$387,257$971,636
76$1,059,895$466,250$346,982$1,006,132
77$1,113,078$434,170$303,680$1,042,781
78$1,169,956$398,789$257,197$1,081,787
79$1,230,851$359,889$207,372$1,123,376
80$1,296,116$317,242$154,038$1,167,799
81$1,366,140$270,606$97,017$1,215,333
82$1,441,347$219,726$36,128$1,266,282
83$1,522,205$164,334$0$1,320,986
84$1,609,226$104,142$0$1,382,281
85$1,702,974$38,852$0$1,451,569
86$1,804,067$0$0$1,526,238
87$1,913,183$0$0$1,612,069
88$2,031,071$0$0$1,711,744
89$2,158,550$0$0$1,819,546
90$2,296,521$0$0$1,936,239
91$2,445,975$0$0$2,062,666
92$2,608,004$0$0$2,199,749
93$2,783,804$0$0$2,348,505
94$2,974,694$0$0$2,510,052
95$3,182,123$0$0$2,685,620
96$3,407,687$0$0$2,876,562
97$3,653,139$0$0$3,084,366
98$3,920,410$0$0$3,310,668
99$4,211,624$0$0$3,557,273
100$4,529,119$0$0$3,826,162