Can I retire at age 66 with 650,000?

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 $650,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.3%
1 years$53,676$53,198$52,732$52,276$51,832$51,121
2 years$26,572$26,078$25,598$25,133$24,682$23,967
3 years$17,539$17,042$16,564$16,103$15,659$14,962
4 years$13,023$12,528$12,054$11,601$11,168$10,495
5 years$10,314$9,822$9,354$8,911$8,490$7,842
6 years$8,509$8,020$7,560$7,126$6,718$6,096
7 years$7,220$6,735$6,282$5,859$5,463$4,868
8 years$6,254$5,773$5,328$4,915$4,532$3,963
9 years$5,503$5,027$4,589$4,186$3,817$3,274
10 years$4,902$4,431$4,001$3,609$3,252$2,735
11 years$4,411$3,945$3,522$3,141$2,797$2,305
12 years$4,002$3,540$3,126$2,755$2,424$1,957
13 years$3,656$3,200$2,793$2,432$2,114$1,671
14 years$3,360$2,908$2,509$2,159$1,853$1,433
15 years$3,104$2,657$2,266$1,925$1,631$1,234
16 years$2,880$2,438$2,054$1,724$1,442$1,067
17 years$2,682$2,245$1,869$1,549$1,278$925
18 years$2,507$2,074$1,706$1,396$1,137$803
19 years$2,350$1,923$1,562$1,261$1,013$699
20 years$2,209$1,786$1,433$1,142$905$610
21 years$2,082$1,664$1,319$1,037$810$533
22 years$1,966$1,553$1,215$943$726$466
23 years$1,861$1,453$1,122$858$652$408
24 years$1,764$1,361$1,038$783$586$357
25 years$1,676$1,277$961$715$527$314
26 years$1,594$1,201$891$654$475$275
27 years$1,519$1,130$828$598$428$242
28 years$1,449$1,065$769$548$386$213
29 years$1,384$1,004$716$503$349$187
30 years$1,323$949$667$461$315$164
31 years$1,267$897$622$424$285$145
32 years$1,214$848$580$390$258$127
33 years$1,164$803$542$358$233$112
34 years$1,117$762$506$330$211$99
35 years$1,074$722$473$303$191$87
36 years$1,032$686$443$279$173$77
37 years$993$651$414$257$157$68
38 years$957$619$388$237$142$60
39 years$922$588$364$219$129$53
40 years$889$560$341$202$117$46
41 years$857$533$319$186$106$41
42 years$828$508$300$172$96$36
43 years$799$484$281$159$87$32
44 years$772$461$264$146$79$28
45 years$747$440$248$135$72$25
46 years$722$419$233$125$65$22
47 years$699$400$219$115$59$19
48 years$676$382$206$107$54$17
49 years$655$365$193$99$49$15
50 years$635$348$182$91$45$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $650,000, adding $2,400 every year, while hoping to spend $45,617 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: 77/13/10 Blend
65$650,000$650,000$650,000$650,000
66$718,776$684,326$674,251$772,697
67$743,555$669,321$648,302$793,497
68$769,332$652,053$619,955$810,221
69$796,162$632,362$589,081$827,250
70$824,102$610,079$555,547$844,597
71$853,213$585,026$519,211$862,276
72$883,563$557,014$479,927$880,302
73$915,224$525,845$437,541$898,693
74$948,272$491,307$391,895$917,471
75$982,792$453,177$342,819$936,659
76$1,018,873$411,219$290,140$956,282
77$1,056,614$365,184$233,675$976,371
78$1,096,119$314,809$173,233$996,960
79$1,137,503$259,814$108,617$1,018,088
80$1,180,890$199,907$39,617$1,039,799
81$1,226,414$134,776$0$1,062,142
82$1,274,222$64,094$0$1,088,803
83$1,324,472$0$0$1,120,961
84$1,377,336$0$0$1,156,269
85$1,433,001$0$0$1,203,112
86$1,491,673$0$0$1,252,492
87$1,553,573$0$0$1,304,599
88$1,618,944$0$0$1,359,639
89$1,688,050$0$0$1,417,834
90$1,761,181$0$0$1,479,430
91$1,838,650$0$0$1,544,694
92$1,920,804$0$0$1,613,916
93$2,008,017$0$0$1,687,417
94$2,100,701$0$0$1,765,545
95$2,199,307$0$0$1,848,681
96$2,304,327$0$0$1,937,243
97$2,416,302$0$0$2,031,689
98$2,535,821$0$0$2,132,518
99$2,663,532$0$0$2,240,281
100$2,800,145$0$0$2,355,578