Can I retire at age 65 with 667,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $667,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.2%
1 years$55,080$54,590$54,111$53,644$53,188$52,479
2 years$27,267$26,760$26,267$25,790$25,327$24,615
3 years$17,998$17,488$16,997$16,524$16,069$15,374
4 years$13,364$12,855$12,369$11,905$11,460$10,789
5 years$10,584$10,079$9,599$9,144$8,712$8,066
6 years$8,732$8,230$7,757$7,312$6,893$6,274
7 years$7,409$6,912$6,447$6,012$5,606$5,013
8 years$6,417$5,924$5,467$5,043$4,651$4,084
9 years$5,647$5,158$4,709$4,296$3,917$3,375
10 years$5,030$4,547$4,105$3,703$3,337$2,822
11 years$4,526$4,048$3,614$3,223$2,870$2,380
12 years$4,107$3,633$3,208$2,827$2,487$2,021
13 years$3,752$3,283$2,866$2,496$2,169$1,727
14 years$3,448$2,984$2,575$2,215$1,901$1,482
15 years$3,185$2,726$2,325$1,976$1,674$1,278
16 years$2,955$2,501$2,108$1,769$1,479$1,105
17 years$2,752$2,304$1,918$1,589$1,312$958
18 years$2,572$2,129$1,751$1,432$1,166$833
19 years$2,412$1,973$1,603$1,294$1,040$726
20 years$2,267$1,833$1,471$1,172$929$633
21 years$2,136$1,708$1,353$1,064$831$554
22 years$2,018$1,594$1,247$967$745$485
23 years$1,910$1,491$1,151$881$669$425
24 years$1,811$1,397$1,065$803$601$372
25 years$1,720$1,311$986$734$541$327
26 years$1,636$1,232$915$671$487$287
27 years$1,558$1,159$849$614$439$252
28 years$1,487$1,093$790$563$396$222
29 years$1,420$1,031$735$516$358$195
30 years$1,358$973$684$474$323$172
31 years$1,300$920$638$435$292$152
32 years$1,245$871$595$400$264$134
33 years$1,194$824$556$368$239$118
34 years$1,147$781$519$338$217$104
35 years$1,102$741$486$311$196$92
36 years$1,059$703$454$287$178$81
37 years$1,019$668$425$264$161$71
38 years$982$635$398$243$146$63
39 years$946$604$373$225$132$55
40 years$912$574$350$207$120$49
41 years$880$547$328$191$109$43
42 years$849$521$308$176$99$38
43 years$820$496$289$163$90$34
44 years$792$473$271$150$81$30
45 years$766$451$254$139$74$26
46 years$741$430$239$128$67$23
47 years$717$411$224$118$61$20
48 years$694$392$211$109$55$18
49 years$672$374$198$101$50$16
50 years$651$358$186$93$46$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $667,000, adding $3,410 every year, while hoping to spend $57,103 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: 45/39/16 Blend
64$667,000$667,000$667,000$667,000
65$738,551$703,200$692,862$768,258
66$753,127$676,900$655,316$763,041
67$767,274$647,397$614,598$751,388
68$780,891$614,475$570,542$737,525
69$793,861$577,902$522,973$721,272
70$806,053$537,438$471,711$702,435
71$817,321$492,823$416,565$680,804
72$827,505$443,788$357,336$656,157
73$836,422$390,045$293,818$628,251
74$843,870$331,291$225,795$596,826
75$849,625$267,205$153,039$561,604
76$853,438$197,448$75,317$522,282
77$855,029$121,664$0$478,537
78$854,091$39,474$0$431,319
79$850,280$0$0$392,758
80$843,216$0$0$370,870
81$832,478$0$0$364,056
82$817,596$0$0$355,140
83$798,054$0$0$343,864
84$773,275$0$0$329,942
85$742,624$0$0$313,056
86$705,397$0$0$292,856
87$660,814$0$0$268,953
88$608,012$0$0$240,918
89$546,038$0$0$208,277
90$473,838$0$0$170,503
91$390,244$0$0$127,018
92$293,968$0$0$77,180
93$183,585$0$0$20,281
94$57,522$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0