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%11.1%
1 years$51,282$50,825$50,379$49,944$49,519$49,290
2 years$25,387$24,914$24,456$24,012$23,581$23,349
3 years$16,757$16,282$15,825$15,384$14,961$14,734
4 years$12,442$11,969$11,516$11,084$10,670$10,450
5 years$9,854$9,384$8,937$8,513$8,111$7,899
6 years$8,129$7,662$7,222$6,808$6,418$6,213
7 years$6,898$6,435$6,002$5,597$5,220$5,023
8 years$5,975$5,516$5,090$4,695$4,330$4,141
9 years$5,257$4,803$4,384$4,000$3,647$3,465
10 years$4,683$4,233$3,822$3,448$3,107$2,933
11 years$4,214$3,769$3,365$3,000$2,672$2,506
12 years$3,824$3,383$2,986$2,632$2,316$2,157
13 years$3,493$3,057$2,668$2,323$2,019$1,868
14 years$3,210$2,779$2,397$2,063$1,770$1,626
15 years$2,965$2,538$2,164$1,839$1,559$1,421
16 years$2,751$2,329$1,962$1,647$1,377$1,247
17 years$2,563$2,145$1,786$1,480$1,221$1,097
18 years$2,395$1,982$1,630$1,334$1,086$968
19 years$2,245$1,837$1,492$1,205$968$856
20 years$2,111$1,707$1,370$1,091$865$759
21 years$1,989$1,590$1,260$991$774$674
22 years$1,879$1,484$1,161$901$694$599
23 years$1,778$1,388$1,072$820$623$533
24 years$1,686$1,300$991$748$560$475
25 years$1,601$1,220$918$683$504$424
26 years$1,523$1,147$852$625$454$379
27 years$1,451$1,079$791$572$409$339
28 years$1,384$1,017$735$524$369$303
29 years$1,322$960$684$480$333$271
30 years$1,264$906$637$441$301$243
31 years$1,210$857$594$405$272$218
32 years$1,160$811$554$372$246$195
33 years$1,112$768$518$342$223$175
34 years$1,068$728$484$315$202$157
35 years$1,026$690$452$290$183$141
36 years$986$655$423$267$166$127
37 years$949$622$396$246$150$114
38 years$914$591$371$227$136$102
39 years$881$562$347$209$123$92
40 years$849$535$326$193$112$82
41 years$819$509$305$178$102$74
42 years$791$485$286$164$92$67
43 years$764$462$269$152$84$60
44 years$738$440$252$140$76$54
45 years$713$420$237$129$69$48
46 years$690$401$222$119$63$44
47 years$668$382$209$110$57$39
48 years$646$365$196$102$52$35
49 years$626$349$185$94$47$32
50 years$606$333$174$87$43$28

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $621,000, adding $5,184 every year, while hoping to spend $51,844 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: 77/7/16 Blend
66$621,000$621,000$621,000$621,000
67$689,689$656,776$647,151$740,002
68$704,876$633,797$613,669$750,949
69$719,874$607,954$577,327$755,920
70$734,610$579,052$537,976$759,951
71$749,000$546,885$495,458$762,930
72$762,950$511,235$449,609$764,735
73$776,357$471,871$400,256$765,231
74$789,102$428,549$347,221$764,272
75$801,054$381,012$290,317$761,696
76$812,066$328,986$229,347$757,326
77$821,974$272,184$164,108$750,970
78$830,596$210,302$94,386$742,413
79$837,728$143,018$19,960$731,424
80$843,144$69,993$0$717,747
81$846,591$0$0$711,254
82$847,789$0$0$706,485
83$846,427$0$0$704,923
84$842,159$0$0$700,883
85$834,602$0$0$694,038
86$823,330$0$0$684,027
87$807,871$0$0$670,450
88$787,704$0$0$652,863
89$762,248$0$0$630,774
90$730,864$0$0$603,638
91$692,840$0$0$570,852
92$647,392$0$0$531,751
93$593,650$0$0$485,595
94$530,654$0$0$431,569
95$457,341$0$0$368,770
96$372,535$0$0$296,201
97$274,939$0$0$212,759
98$163,116$0$0$117,226
99$35,481$0$0$8,256
100$0$0$0$0