Can I retire at age 66 with 682,000?

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 $682,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.3%
1 years$56,319$55,817$55,328$54,850$54,384$52,770
2 years$27,881$27,361$26,858$26,370$25,897$24,284
3 years$18,402$17,881$17,379$16,896$16,430$14,869
4 years$13,664$13,144$12,647$12,172$11,718$10,221
5 years$10,822$10,305$9,815$9,350$8,908$7,479
6 years$8,928$8,415$7,932$7,477$7,049$5,688
7 years$7,576$7,067$6,591$6,147$5,732$4,441
8 years$6,562$6,058$5,590$5,157$4,756$3,533
9 years$5,774$5,274$4,815$4,392$4,005$2,849
10 years$5,143$4,649$4,198$3,786$3,412$2,322
11 years$4,628$4,139$3,696$3,295$2,935$1,908
12 years$4,199$3,715$3,280$2,890$2,543$1,578
13 years$3,836$3,357$2,930$2,552$2,218$1,312
14 years$3,526$3,051$2,633$2,265$1,944$1,095
15 years$3,257$2,788$2,377$2,020$1,712$917
16 years$3,022$2,558$2,155$1,809$1,513$771
17 years$2,814$2,355$1,961$1,625$1,341$649
18 years$2,630$2,177$1,790$1,465$1,193$547
19 years$2,466$2,017$1,639$1,323$1,063$463
20 years$2,318$1,874$1,504$1,199$950$391
21 years$2,184$1,746$1,383$1,088$850$332
22 years$2,063$1,630$1,275$989$762$281
23 years$1,952$1,524$1,177$901$684$239
24 years$1,851$1,428$1,089$822$615$203
25 years$1,758$1,340$1,008$750$553$172
26 years$1,673$1,260$935$686$498$146
27 years$1,593$1,185$868$628$449$125
28 years$1,520$1,117$807$575$405$106
29 years$1,452$1,054$751$528$366$90
30 years$1,388$995$700$484$331$77
31 years$1,329$941$652$445$299$65
32 years$1,273$890$609$409$270$56
33 years$1,221$843$568$376$245$47
34 years$1,172$799$531$346$222$40
35 years$1,127$758$497$318$201$34
36 years$1,083$719$464$293$182$29
37 years$1,042$683$435$270$165$25
38 years$1,004$649$407$249$149$21
39 years$967$617$381$230$135$18
40 years$932$587$358$212$123$15
41 years$900$559$335$195$111$13
42 years$868$533$314$180$101$11
43 years$839$507$295$166$92$10
44 years$810$484$277$154$83$8
45 years$783$461$260$142$76$7
46 years$758$440$244$131$69$6
47 years$733$420$229$121$62$5
48 years$710$401$216$112$57$4
49 years$687$383$203$103$51$4
50 years$666$366$191$96$47$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $682,000, adding $4,792 every year, while hoping to spend $22,131 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: 23/48/29 Blend
65$682,000$682,000$682,000$682,000
66$756,507$720,361$709,790$766,915
67$810,123$732,111$710,021$788,105
68$868,467$743,696$709,517$808,618
69$931,997$755,083$708,232$830,112
70$1,001,217$766,239$706,115$852,683
71$1,076,684$777,127$703,112$876,440
72$1,159,009$787,709$699,170$901,500
73$1,248,864$797,944$694,229$927,997
74$1,346,992$807,787$688,229$956,076
75$1,454,207$817,190$681,106$985,903
76$1,571,407$826,103$672,794$1,017,660
77$1,699,581$834,473$663,223$1,051,548
78$1,839,818$842,241$652,321$1,087,794
79$1,993,315$849,347$640,009$1,126,646
80$2,161,393$855,725$626,209$1,168,384
81$2,345,505$861,305$610,837$1,213,314
82$2,547,251$866,014$593,805$1,261,779
83$2,768,394$869,772$575,021$1,314,160
84$3,010,875$872,496$554,389$1,370,876
85$3,276,833$874,097$531,809$1,432,396
86$3,568,622$874,480$507,177$1,499,236
87$3,888,837$873,544$480,383$1,571,972
88$4,240,334$871,184$451,312$1,651,239
89$4,626,261$867,285$419,844$1,737,742
90$5,050,086$861,728$385,854$1,832,263
91$5,515,626$854,384$349,212$1,935,665
92$6,027,091$845,120$309,782$2,048,906
93$6,589,114$833,791$267,419$2,173,047
94$7,206,803$820,245$221,977$2,309,260
95$7,885,782$804,322$173,298$2,458,844
96$8,632,249$785,852$121,221$2,623,235
97$9,453,032$764,653$65,576$2,804,023
98$10,355,655$740,534$6,186$3,002,964
99$11,348,405$713,294$0$3,222,003
100$12,440,415$682,718$0$3,480,985