Can I retire at age 66 with 618,000?

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 $618,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.5%
1 years$51,034$50,579$50,136$49,703$49,280$48,766
2 years$25,264$24,794$24,338$23,896$23,467$22,948
3 years$16,676$16,203$15,748$15,310$14,888$14,382
4 years$12,382$11,911$11,461$11,030$10,618$10,129
5 years$9,807$9,338$8,894$8,472$8,072$7,600
6 years$8,090$7,625$7,188$6,775$6,387$5,934
7 years$6,865$6,404$5,973$5,570$5,194$4,760
8 years$5,946$5,489$5,066$4,673$4,309$3,893
9 years$5,232$4,779$4,363$3,980$3,629$3,231
10 years$4,661$4,213$3,804$3,431$3,092$2,712
11 years$4,194$3,750$3,349$2,986$2,659$2,297
12 years$3,805$3,366$2,972$2,619$2,305$1,960
13 years$3,476$3,042$2,655$2,312$2,010$1,682
14 years$3,195$2,765$2,386$2,053$1,762$1,451
15 years$2,951$2,526$2,154$1,831$1,551$1,256
16 years$2,738$2,318$1,953$1,639$1,371$1,092
17 years$2,550$2,134$1,777$1,473$1,215$952
18 years$2,383$1,972$1,622$1,327$1,081$831
19 years$2,234$1,828$1,485$1,199$963$728
20 years$2,100$1,699$1,363$1,086$860$639
21 years$1,979$1,582$1,254$986$770$561
22 years$1,869$1,477$1,155$896$690$494
23 years$1,769$1,381$1,067$816$620$435
24 years$1,678$1,294$987$744$557$384
25 years$1,593$1,215$914$680$501$339
26 years$1,516$1,141$848$622$451$299
27 years$1,444$1,074$787$569$407$264
28 years$1,377$1,012$732$521$367$234
29 years$1,316$955$681$478$332$207
30 years$1,258$902$634$439$300$183
31 years$1,204$853$591$403$271$162
32 years$1,154$807$552$370$245$144
33 years$1,107$764$515$341$222$128
34 years$1,062$724$481$313$201$113
35 years$1,021$687$450$288$182$100
36 years$982$652$421$266$165$89
37 years$944$619$394$245$149$79
38 years$909$588$369$226$135$70
39 years$876$559$346$208$123$62
40 years$845$532$324$192$111$55
41 years$815$507$304$177$101$49
42 years$787$483$285$163$92$44
43 years$760$460$267$151$83$39
44 years$734$438$251$139$76$34
45 years$710$418$236$129$69$31
46 years$687$399$221$119$62$27
47 years$664$380$208$110$57$24
48 years$643$363$195$101$51$21
49 years$623$347$184$94$47$19
50 years$603$331$173$87$42$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $618,000, adding $2,722 every year, while hoping to spend $29,531 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: 51/37/12 Blend
65$618,000$618,000$618,000$618,000
66$683,844$651,090$641,511$716,393
67$722,175$651,572$631,581$739,431
68$763,426$651,089$620,328$761,105
69$807,864$649,561$607,678$783,994
70$855,782$646,905$593,550$808,220
71$907,501$643,032$577,863$833,919
72$963,375$637,850$560,531$861,243
73$1,023,792$631,257$541,461$890,361
74$1,089,180$623,150$520,561$921,459
75$1,160,007$613,415$497,731$954,747
76$1,236,790$601,935$472,867$990,456
77$1,320,097$588,584$445,863$1,028,842
78$1,410,551$573,229$416,603$1,070,191
79$1,508,840$555,729$384,972$1,114,819
80$1,615,718$535,937$350,845$1,163,078
81$1,732,016$513,692$314,093$1,215,359
82$1,858,649$488,831$274,583$1,272,092
83$1,996,622$461,174$232,172$1,333,759
84$2,147,043$430,537$186,715$1,400,891
85$2,311,130$396,722$138,059$1,474,076
86$2,490,225$359,521$86,043$1,553,969
87$2,685,802$318,712$30,500$1,641,292
88$2,899,488$274,063$0$1,736,847
89$3,133,072$225,328$0$1,845,207
90$3,388,523$172,247$0$1,968,075
91$3,668,010$114,545$0$2,102,656
92$3,973,922$51,932$0$2,250,179
93$4,308,887$0$0$2,412,002
94$4,675,802$0$0$2,596,101
95$5,077,855$0$0$2,821,061
96$5,518,560$0$0$3,067,713
97$6,001,783$0$0$3,338,228
98$6,531,786$0$0$3,635,001
99$7,113,260$0$0$3,960,668
100$7,751,374$0$0$4,318,131