Can I retire at age 66 with 654,000?

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 $654,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.4%
1 years$54,007$53,526$53,056$52,598$52,151$51,628
2 years$26,736$26,238$25,755$25,288$24,834$24,307
3 years$17,647$17,147$16,666$16,202$15,756$15,241
4 years$13,103$12,605$12,128$11,673$11,237$10,739
5 years$10,378$9,882$9,412$8,966$8,542$8,062
6 years$8,561$8,070$7,606$7,170$6,759$6,298
7 years$7,265$6,777$6,321$5,895$5,497$5,055
8 years$6,292$5,809$5,361$4,945$4,560$4,137
9 years$5,537$5,058$4,617$4,212$3,840$3,435
10 years$4,932$4,458$4,025$3,631$3,272$2,886
11 years$4,438$3,969$3,544$3,160$2,814$2,446
12 years$4,027$3,562$3,145$2,772$2,439$2,088
13 years$3,679$3,219$2,810$2,447$2,127$1,793
14 years$3,381$2,926$2,525$2,172$1,864$1,547
15 years$3,123$2,673$2,279$1,937$1,641$1,341
16 years$2,897$2,453$2,067$1,735$1,451$1,166
17 years$2,699$2,259$1,881$1,558$1,286$1,017
18 years$2,522$2,087$1,717$1,404$1,144$889
19 years$2,365$1,934$1,572$1,269$1,019$779
20 years$2,223$1,797$1,442$1,149$911$684
21 years$2,095$1,674$1,327$1,043$815$601
22 years$1,978$1,563$1,223$948$730$530
23 years$1,872$1,462$1,129$864$656$467
24 years$1,775$1,370$1,044$788$589$412
25 years$1,686$1,285$967$719$530$364
26 years$1,604$1,208$897$658$478$322
27 years$1,528$1,137$833$602$431$285
28 years$1,458$1,071$774$552$389$252
29 years$1,392$1,011$720$506$351$223
30 years$1,331$954$671$464$317$198
31 years$1,274$902$626$426$287$176
32 years$1,221$854$584$392$259$156
33 years$1,171$808$545$360$235$138
34 years$1,124$766$509$332$212$123
35 years$1,080$727$476$305$192$109
36 years$1,039$690$445$281$174$97
37 years$999$655$417$259$158$86
38 years$962$623$390$239$143$76
39 years$927$592$366$220$130$68
40 years$894$563$343$203$118$60
41 years$863$536$321$187$107$54
42 years$833$511$302$173$97$48
43 years$804$487$283$160$88$42
44 years$777$464$266$147$80$38
45 years$751$442$249$136$73$33
46 years$727$422$234$126$66$30
47 years$703$403$220$116$60$26
48 years$681$384$207$107$54$24
49 years$659$367$194$99$49$21
50 years$639$351$183$92$45$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $654,000, adding $4,515 every year, while hoping to spend $37,531 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: 36/35/29 Blend
65$654,000$654,000$654,000$654,000
66$725,365$690,703$680,566$745,038
67$759,420$684,615$663,432$754,013
68$795,690$676,971$644,467$759,991
69$834,362$667,654$623,568$765,732
70$875,641$656,543$600,632$771,239
71$919,749$643,506$575,546$776,520
72$966,933$628,407$548,196$781,589
73$1,017,460$611,099$518,460$786,460
74$1,071,626$591,428$486,214$791,158
75$1,129,754$569,230$451,324$795,711
76$1,192,199$544,332$413,653$800,155
77$1,259,350$516,552$373,058$804,535
78$1,331,635$485,695$329,387$808,903
79$1,409,525$451,556$282,484$813,324
80$1,493,534$413,920$232,185$817,875
81$1,584,229$372,557$178,318$822,644
82$1,682,234$327,225$120,705$827,737
83$1,788,232$277,670$59,159$833,275
84$1,902,976$223,620$0$839,400
85$2,027,292$164,790$0$848,291
86$2,162,091$100,879$0$877,785
87$2,308,371$31,570$0$909,834
88$2,467,233$0$0$944,753
89$2,639,886$0$0$999,634
90$2,827,662$0$0$1,072,627
91$3,032,023$0$0$1,152,152
92$3,254,581$0$0$1,238,848
93$3,497,109$0$0$1,333,416
94$3,761,558$0$0$1,436,629
95$4,050,074$0$0$1,549,336
96$4,365,021$0$0$1,672,473
97$4,709,001$0$0$1,807,071
98$5,084,877$0$0$1,954,265
99$5,495,803$0$0$2,115,302
100$5,945,249$0$0$2,291,559