Can I retire at age 66 with 665,000?

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 $665,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.2%
1 years$54,915$54,426$53,949$53,483$53,028$52,540
2 years$27,186$26,679$26,189$25,713$25,251$24,760
3 years$17,944$17,435$16,946$16,475$16,021$15,540
4 years$13,324$12,817$12,332$11,869$11,426$10,961
5 years$10,552$10,049$9,570$9,117$8,686$8,237
6 years$8,705$8,205$7,734$7,291$6,873$6,442
7 years$7,387$6,891$6,427$5,994$5,589$5,176
8 years$6,398$5,907$5,451$5,028$4,637$4,241
9 years$5,630$5,143$4,695$4,283$3,905$3,526
10 years$5,015$4,533$4,093$3,692$3,327$2,965
11 years$4,513$4,036$3,603$3,213$2,862$2,516
12 years$4,094$3,622$3,198$2,818$2,480$2,151
13 years$3,741$3,273$2,857$2,488$2,162$1,849
14 years$3,438$2,975$2,567$2,209$1,896$1,598
15 years$3,175$2,718$2,318$1,970$1,669$1,387
16 years$2,946$2,494$2,101$1,764$1,475$1,208
17 years$2,744$2,297$1,912$1,585$1,308$1,055
18 years$2,565$2,122$1,746$1,428$1,163$923
19 years$2,404$1,967$1,598$1,290$1,037$810
20 years$2,260$1,828$1,467$1,169$926$712
21 years$2,130$1,702$1,349$1,061$829$627
22 years$2,012$1,589$1,243$964$743$553
23 years$1,904$1,486$1,148$878$667$489
24 years$1,805$1,393$1,062$801$599$432
25 years$1,714$1,307$983$732$539$382
26 years$1,631$1,228$912$669$486$338
27 years$1,554$1,156$847$612$438$300
28 years$1,482$1,089$787$561$395$266
29 years$1,416$1,028$733$514$357$236
30 years$1,354$970$682$472$322$209
31 years$1,296$917$636$434$291$186
32 years$1,242$868$594$398$264$165
33 years$1,191$822$554$366$239$147
34 years$1,143$779$518$337$216$131
35 years$1,098$739$484$310$196$116
36 years$1,056$701$453$286$177$103
37 years$1,016$666$424$263$161$92
38 years$979$633$397$243$146$82
39 years$943$602$372$224$132$73
40 years$909$573$349$206$120$65
41 years$877$545$327$190$109$58
42 years$847$519$307$176$99$51
43 years$818$495$288$162$90$46
44 years$790$472$270$150$81$41
45 years$764$450$254$138$74$36
46 years$739$429$238$128$67$32
47 years$715$409$224$118$61$29
48 years$692$391$210$109$55$26
49 years$670$373$198$101$50$23
50 years$649$357$186$93$46$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $665,000, adding $5,050 every year, while hoping to spend $37,602 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: 69/14/17 Blend
65$665,000$665,000$665,000$665,000
66$738,039$702,794$692,487$785,637
67$773,311$697,223$675,677$812,435
68$810,920$690,118$657,043$836,820
69$851,065$681,366$636,486$862,556
70$893,965$670,843$613,899$889,773
71$939,857$658,422$589,172$918,615
72$989,003$643,965$562,190$949,239
73$1,041,690$627,329$532,832$981,823
74$1,098,234$608,359$500,973$1,016,560
75$1,158,979$586,894$466,481$1,053,666
76$1,224,305$562,762$429,218$1,093,382
77$1,294,628$535,781$389,041$1,135,971
78$1,370,406$505,760$345,800$1,181,727
79$1,452,140$472,495$299,337$1,230,975
80$1,540,383$435,772$249,489$1,284,073
81$1,635,740$395,363$196,086$1,341,421
82$1,738,879$351,029$138,947$1,403,456
83$1,850,530$302,515$77,888$1,470,668
84$1,971,500$249,555$12,714$1,543,594
85$2,102,674$191,864$0$1,622,832
86$2,245,026$129,144$0$1,719,349
87$2,399,625$61,078$0$1,826,696
88$2,567,650$0$0$1,943,412
89$2,750,396$0$0$2,072,380
90$2,949,290$0$0$2,223,016
91$3,165,898$0$0$2,387,105
92$3,401,947$0$0$2,565,956
93$3,659,337$0$0$2,761,015
94$3,940,159$0$0$2,973,869
95$4,246,712$0$0$3,206,269
96$4,581,531$0$0$3,460,139
97$4,947,403$0$0$3,737,598
98$5,347,398$0$0$4,040,981
99$5,784,897$0$0$4,372,857
100$6,263,621$0$0$4,736,054