Can I retire at age 67 with 621,000?

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 $621,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12%
1 years$51,282$50,825$50,379$49,944$49,519$49,105
2 years$25,387$24,914$24,456$24,012$23,581$23,163
3 years$16,757$16,282$15,825$15,384$14,961$14,552
4 years$12,442$11,969$11,516$11,084$10,670$10,274
5 years$9,854$9,384$8,937$8,513$8,111$7,730
6 years$8,129$7,662$7,222$6,808$6,418$6,051
7 years$6,898$6,435$6,002$5,597$5,220$4,867
8 years$5,975$5,516$5,090$4,695$4,330$3,992
9 years$5,257$4,803$4,384$4,000$3,647$3,323
10 years$4,683$4,233$3,822$3,448$3,107$2,798
11 years$4,214$3,769$3,365$3,000$2,672$2,377
12 years$3,824$3,383$2,986$2,632$2,316$2,035
13 years$3,493$3,057$2,668$2,323$2,019$1,752
14 years$3,210$2,779$2,397$2,063$1,770$1,516
15 years$2,965$2,538$2,164$1,839$1,559$1,317
16 years$2,751$2,329$1,962$1,647$1,377$1,149
17 years$2,563$2,145$1,786$1,480$1,221$1,005
18 years$2,395$1,982$1,630$1,334$1,086$881
19 years$2,245$1,837$1,492$1,205$968$774
20 years$2,111$1,707$1,370$1,091$865$682
21 years$1,989$1,590$1,260$991$774$601
22 years$1,879$1,484$1,161$901$694$531
23 years$1,778$1,388$1,072$820$623$469
24 years$1,686$1,300$991$748$560$416
25 years$1,601$1,220$918$683$504$368
26 years$1,523$1,147$852$625$454$327
27 years$1,451$1,079$791$572$409$290
28 years$1,384$1,017$735$524$369$257
29 years$1,322$960$684$480$333$229
30 years$1,264$906$637$441$301$203
31 years$1,210$857$594$405$272$181
32 years$1,160$811$554$372$246$161
33 years$1,112$768$518$342$223$143
34 years$1,068$728$484$315$202$128
35 years$1,026$690$452$290$183$114
36 years$986$655$423$267$166$101
37 years$949$622$396$246$150$90
38 years$914$591$371$227$136$81
39 years$881$562$347$209$123$72
40 years$849$535$326$193$112$64
41 years$819$509$305$178$102$57
42 years$791$485$286$164$92$51
43 years$764$462$269$152$84$45
44 years$738$440$252$140$76$41
45 years$713$420$237$129$69$36
46 years$690$401$222$119$63$32
47 years$668$382$209$110$57$29
48 years$646$365$196$102$52$26
49 years$626$349$185$94$47$23
50 years$606$333$174$87$43$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $621,000, adding $3,800 every year, while hoping to spend $34,601 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: 48/38/14 Blend
66$621,000$621,000$621,000$621,000
67$688,262$655,349$645,723$718,444
68$721,649$650,646$630,540$734,977
69$757,283$644,552$613,688$749,043
70$795,354$636,964$595,075$763,550
71$836,075$627,771$574,605$778,552
72$879,677$616,854$552,177$794,111
73$926,414$604,089$527,684$810,295
74$976,563$589,344$501,017$827,184
75$1,030,431$572,481$472,059$844,867
76$1,088,353$553,350$440,691$863,445
77$1,150,696$531,795$406,785$883,031
78$1,217,865$507,651$370,211$903,756
79$1,290,304$480,743$330,830$925,763
80$1,368,501$450,885$288,498$949,217
81$1,452,991$417,882$243,066$974,301
82$1,544,364$381,525$194,376$1,001,222
83$1,643,266$341,597$142,265$1,030,211
84$1,750,410$297,866$86,562$1,061,527
85$1,866,578$250,088$27,087$1,095,462
86$1,992,630$198,003$0$1,132,341
87$2,129,512$141,340$0$1,177,962
88$2,278,267$79,809$0$1,231,968
89$2,440,037$13,108$0$1,290,793
90$2,616,085$0$0$1,354,976
91$2,807,794$0$0$1,449,821
92$3,016,691$0$0$1,559,205
93$3,244,455$0$0$1,678,533
94$3,492,933$0$0$1,808,781
95$3,764,157$0$0$1,951,025
96$4,060,368$0$0$2,106,446
97$4,384,028$0$0$2,276,348
98$4,737,851$0$0$2,462,163
99$5,124,824$0$0$2,665,471
100$5,548,235$0$0$2,888,010