Can I retire at age 66 with 621,000?

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 $621,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.3%
1 years$51,282$50,825$50,379$49,944$49,519$48,639
2 years$25,387$24,914$24,456$24,012$23,581$22,697
3 years$16,757$16,282$15,825$15,384$14,961$14,101
4 years$12,442$11,969$11,516$11,084$10,670$9,841
5 years$9,854$9,384$8,937$8,513$8,111$7,315
6 years$8,129$7,662$7,222$6,808$6,418$5,655
7 years$6,898$6,435$6,002$5,597$5,220$4,491
8 years$5,975$5,516$5,090$4,695$4,330$3,635
9 years$5,257$4,803$4,384$4,000$3,647$2,985
10 years$4,683$4,233$3,822$3,448$3,107$2,479
11 years$4,214$3,769$3,365$3,000$2,672$2,076
12 years$3,824$3,383$2,986$2,632$2,316$1,751
13 years$3,493$3,057$2,668$2,323$2,019$1,485
14 years$3,210$2,779$2,397$2,063$1,770$1,266
15 years$2,965$2,538$2,164$1,839$1,559$1,083
16 years$2,751$2,329$1,962$1,647$1,377$929
17 years$2,563$2,145$1,786$1,480$1,221$799
18 years$2,395$1,982$1,630$1,334$1,086$690
19 years$2,245$1,837$1,492$1,205$968$596
20 years$2,111$1,707$1,370$1,091$865$516
21 years$1,989$1,590$1,260$991$774$447
22 years$1,879$1,484$1,161$901$694$388
23 years$1,778$1,388$1,072$820$623$337
24 years$1,686$1,300$991$748$560$293
25 years$1,601$1,220$918$683$504$255
26 years$1,523$1,147$852$625$454$222
27 years$1,451$1,079$791$572$409$194
28 years$1,384$1,017$735$524$369$169
29 years$1,322$960$684$480$333$147
30 years$1,264$906$637$441$301$128
31 years$1,210$857$594$405$272$112
32 years$1,160$811$554$372$246$98
33 years$1,112$768$518$342$223$86
34 years$1,068$728$484$315$202$75
35 years$1,026$690$452$290$183$65
36 years$986$655$423$267$166$57
37 years$949$622$396$246$150$50
38 years$914$591$371$227$136$44
39 years$881$562$347$209$123$38
40 years$849$535$326$193$112$33
41 years$819$509$305$178$102$29
42 years$791$485$286$164$92$25
43 years$764$462$269$152$84$22
44 years$738$440$252$140$76$19
45 years$713$420$237$129$69$17
46 years$690$401$222$119$63$15
47 years$668$382$209$110$57$13
48 years$646$365$196$102$52$11
49 years$626$349$185$94$47$10
50 years$606$333$174$87$43$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $621,000, adding $5,734 every year, while hoping to spend $34,592 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: 78/14/8 Blend
65$621,000$621,000$621,000$621,000
66$690,257$657,344$647,718$742,881
67$723,857$652,748$632,611$773,645
68$759,726$646,767$615,839$802,314
69$798,057$639,298$597,308$832,740
70$839,064$630,229$576,924$865,081
71$882,982$619,444$554,584$899,513
72$930,066$606,817$530,183$936,230
73$980,600$592,218$503,611$975,446
74$1,034,891$575,507$474,752$1,017,397
75$1,093,280$556,536$443,486$1,062,343
76$1,156,139$535,151$409,687$1,110,571
77$1,223,876$511,184$373,222$1,162,397
78$1,296,942$484,462$333,956$1,218,171
79$1,375,829$454,801$291,743$1,278,279
80$1,461,081$422,003$246,433$1,343,145
81$1,553,294$385,864$197,871$1,413,240
82$1,653,122$346,164$145,893$1,489,080
83$1,761,287$302,672$90,326$1,571,237
84$1,878,581$255,145$30,994$1,660,342
85$2,005,874$203,325$0$1,757,091
86$2,144,125$146,940$0$1,865,009
87$2,294,387$85,702$0$1,985,189
88$2,457,821$19,307$0$2,115,933
89$2,635,701$0$0$2,258,291
90$2,829,431$0$0$2,421,517
91$3,040,555$0$0$2,602,659
92$3,270,774$0$0$2,800,203
93$3,521,957$0$0$3,015,756
94$3,796,165$0$0$3,251,089
95$4,095,663$0$0$3,508,150
96$4,422,947$0$0$3,789,082
97$4,780,764$0$0$4,096,247
98$5,172,138$0$0$4,432,244
99$5,600,401$0$0$4,799,935
100$6,069,218$0$0$5,202,473