Can I retire at age 66 with 671,000?

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 $671,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.8%
1 years$55,411$54,917$54,435$53,965$53,506$52,023
2 years$27,431$26,920$26,425$25,945$25,479$23,996
3 years$18,106$17,593$17,099$16,623$16,165$14,728
4 years$13,444$12,932$12,443$11,976$11,529$10,150
5 years$10,648$10,139$9,657$9,199$8,764$7,446
6 years$8,784$8,279$7,804$7,356$6,935$5,679
7 years$7,453$6,953$6,485$6,048$5,640$4,447
8 years$6,456$5,960$5,500$5,074$4,679$3,547
9 years$5,680$5,189$4,737$4,322$3,940$2,870
10 years$5,060$4,574$4,130$3,725$3,357$2,346
11 years$4,554$4,072$3,636$3,242$2,887$1,934
12 years$4,131$3,655$3,227$2,844$2,502$1,605
13 years$3,774$3,303$2,883$2,511$2,182$1,339
14 years$3,469$3,002$2,590$2,229$1,913$1,121
15 years$3,204$2,743$2,339$1,988$1,684$943
16 years$2,973$2,516$2,120$1,780$1,488$795
17 years$2,769$2,317$1,929$1,599$1,320$672
18 years$2,588$2,141$1,761$1,441$1,173$569
19 years$2,426$1,985$1,612$1,302$1,046$482
20 years$2,281$1,844$1,480$1,179$934$410
21 years$2,149$1,718$1,361$1,070$836$348
22 years$2,030$1,604$1,254$973$749$297
23 years$1,921$1,500$1,158$886$673$253
24 years$1,821$1,405$1,071$808$605$216
25 years$1,730$1,319$992$738$544$184
26 years$1,646$1,239$920$675$490$157
27 years$1,568$1,166$854$618$442$134
28 years$1,496$1,099$794$566$399$114
29 years$1,428$1,037$739$519$360$98
30 years$1,366$979$689$476$325$84
31 years$1,307$926$642$438$294$72
32 years$1,253$876$599$402$266$61
33 years$1,202$829$559$370$241$52
34 years$1,154$786$522$340$218$45
35 years$1,108$746$488$313$197$38
36 years$1,066$708$457$288$179$33
37 years$1,025$672$428$266$162$28
38 years$987$639$401$245$147$24
39 years$951$607$375$226$133$21
40 years$917$578$352$208$121$18
41 years$885$550$330$192$110$15
42 years$854$524$309$177$100$13
43 years$825$499$290$164$90$11
44 years$797$476$273$151$82$9
45 years$771$454$256$140$74$8
46 years$745$433$240$129$68$7
47 years$721$413$226$119$61$6
48 years$698$394$212$110$56$5
49 years$676$377$199$102$51$4
50 years$655$360$187$94$46$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $671,000, adding $3,151 every year, while hoping to spend $40,266 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: 41/41/18 Blend
65$671,000$671,000$671,000$671,000
66$742,692$707,129$696,729$769,084
67$775,604$698,936$677,226$779,934
68$810,524$688,991$655,721$787,525
69$847,613$677,168$632,104$794,899
70$887,049$663,329$606,259$802,054
71$929,027$647,331$578,067$808,996
72$973,758$629,021$547,403$815,731
73$1,021,476$608,237$514,136$822,271
74$1,072,436$584,810$478,129$828,632
75$1,126,917$558,559$439,239$834,836
76$1,185,226$529,291$397,317$840,912
77$1,247,698$496,805$352,206$846,896
78$1,314,702$460,888$303,743$852,831
79$1,386,642$421,312$251,759$858,772
80$1,463,962$377,838$196,076$864,784
81$1,547,149$330,215$136,507$870,943
82$1,636,737$278,175$72,859$877,340
83$1,733,315$221,436$4,930$884,082
84$1,837,527$159,700$0$891,293
85$1,950,082$92,653$0$912,093
86$2,071,759$19,962$0$935,527
87$2,203,415$0$0$960,883
88$2,345,990$0$0$1,014,919
89$2,500,519$0$0$1,083,320
90$2,668,140$0$0$1,157,591
91$2,850,105$0$0$1,238,296
92$3,047,788$0$0$1,326,056
93$3,262,706$0$0$1,421,554
94$3,496,522$0$0$1,525,540
95$3,751,070$0$0$1,638,840
96$4,028,365$0$0$1,762,365
97$4,330,627$0$0$1,897,115
98$4,660,299$0$0$2,044,191
99$5,020,066$0$0$2,204,806
100$5,412,890$0$0$2,380,296