Can I retire at age 66 with 625,000?

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 $625,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.6%
1 years$51,612$51,152$50,704$50,266$49,838$48,496
2 years$25,550$25,075$24,613$24,166$23,733$22,390
3 years$16,864$16,387$15,927$15,484$15,057$13,756
4 years$12,522$12,046$11,590$11,155$10,739$9,489
5 years$9,918$9,444$8,995$8,568$8,163$6,969
6 years$8,182$7,712$7,269$6,852$6,459$5,321
7 years$6,942$6,476$6,041$5,633$5,253$4,171
8 years$6,013$5,551$5,123$4,726$4,358$3,331
9 years$5,291$4,834$4,412$4,025$3,670$2,698
10 years$4,714$4,261$3,847$3,470$3,127$2,209
11 years$4,241$3,793$3,387$3,020$2,689$1,823
12 years$3,848$3,404$3,006$2,649$2,331$1,515
13 years$3,516$3,076$2,685$2,338$2,032$1,265
14 years$3,231$2,796$2,413$2,076$1,782$1,061
15 years$2,984$2,555$2,178$1,851$1,569$893
16 years$2,769$2,344$1,975$1,658$1,386$754
17 years$2,579$2,159$1,797$1,489$1,229$638
18 years$2,410$1,995$1,641$1,342$1,093$541
19 years$2,260$1,849$1,502$1,213$974$460
20 years$2,124$1,718$1,378$1,098$870$391
21 years$2,002$1,600$1,268$997$779$333
22 years$1,891$1,494$1,168$906$698$284
23 years$1,789$1,397$1,079$825$627$242
24 years$1,697$1,309$998$753$563$207
25 years$1,611$1,228$924$688$507$177
26 years$1,533$1,154$857$629$456$151
27 years$1,460$1,086$796$575$412$129
28 years$1,393$1,024$740$527$371$111
29 years$1,330$966$689$483$335$95
30 years$1,272$912$641$444$303$81
31 years$1,218$862$598$408$274$69
32 years$1,167$816$558$375$248$60
33 years$1,119$773$521$344$224$51
34 years$1,074$732$487$317$203$44
35 years$1,032$695$455$292$184$37
36 years$993$659$426$269$167$32
37 years$955$626$398$248$151$28
38 years$920$595$373$228$137$24
39 years$886$566$350$210$124$20
40 years$854$538$328$194$113$17
41 years$824$512$307$179$102$15
42 years$796$488$288$165$93$13
43 years$768$465$270$153$84$11
44 years$743$443$254$141$76$9
45 years$718$423$238$130$69$8
46 years$694$403$224$120$63$7
47 years$672$385$210$111$57$6
48 years$650$367$198$103$52$5
49 years$630$351$186$95$47$4
50 years$610$335$175$88$43$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $625,000, adding $4,430 every year, while hoping to spend $41,741 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: 44/50/6 Blend
65$625,000$625,000$625,000$625,000
66$693,320$660,195$650,507$722,461
67$719,626$648,132$627,887$730,983
68$747,217$634,079$603,110$735,554
69$776,179$617,895$576,060$739,535
70$806,606$599,429$546,615$742,883
71$838,602$578,523$514,649$745,560
72$872,278$555,009$480,028$747,521
73$907,755$528,709$442,614$748,726
74$945,165$499,435$402,261$749,129
75$984,653$466,989$358,818$748,688
76$1,026,376$431,160$312,126$747,359
77$1,070,506$391,726$262,021$745,098
78$1,117,228$348,451$208,330$741,863
79$1,166,749$301,089$150,873$737,610
80$1,219,291$249,376$89,461$732,300
81$1,275,099$193,036$23,898$725,894
82$1,334,440$131,775$0$718,354
83$1,397,605$65,284$0$712,597
84$1,464,916$0$0$707,468
85$1,536,722$0$0$705,145
86$1,613,407$0$0$741,068
87$1,695,393$0$0$779,522
88$1,783,139$0$0$820,729
89$1,877,153$0$0$864,932
90$1,977,988$0$0$912,399
91$2,086,253$0$0$963,424
92$2,202,617$0$0$1,018,329
93$2,327,811$0$0$1,077,469
94$2,462,643$0$0$1,141,232
95$2,607,995$0$0$1,210,045
96$2,764,839$0$0$1,284,379
97$2,934,242$0$0$1,364,747
98$3,117,377$0$0$1,451,719
99$3,315,533$0$0$1,545,916
100$3,530,126$0$0$1,648,024