Can I retire at age 67 with 622,000?

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 $622,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.1%
1 years$51,364$50,907$50,460$50,025$49,599$48,558
2 years$25,428$24,954$24,495$24,050$23,619$22,575
3 years$16,783$16,308$15,850$15,409$14,985$13,970
4 years$12,462$11,988$11,535$11,101$10,687$9,710
5 years$9,870$9,399$8,951$8,527$8,124$7,188
6 years$8,143$7,675$7,234$6,819$6,428$5,533
7 years$6,909$6,445$6,012$5,606$5,228$4,374
8 years$5,984$5,525$5,098$4,703$4,337$3,525
9 years$5,266$4,810$4,391$4,006$3,653$2,880
10 years$4,691$4,240$3,828$3,453$3,112$2,380
11 years$4,221$3,775$3,370$3,005$2,677$1,983
12 years$3,830$3,388$2,991$2,636$2,319$1,664
13 years$3,499$3,062$2,672$2,327$2,023$1,404
14 years$3,215$2,783$2,401$2,066$1,773$1,190
15 years$2,970$2,542$2,168$1,842$1,561$1,012
16 years$2,756$2,333$1,966$1,650$1,380$864
17 years$2,567$2,148$1,789$1,482$1,223$739
18 years$2,399$1,985$1,633$1,336$1,088$634
19 years$2,249$1,840$1,495$1,207$970$544
20 years$2,114$1,710$1,372$1,093$866$468
21 years$1,992$1,592$1,262$992$775$404
22 years$1,882$1,486$1,163$902$695$348
23 years$1,781$1,390$1,074$822$624$301
24 years$1,688$1,303$993$749$560$260
25 years$1,604$1,222$920$684$504$225
26 years$1,525$1,149$853$626$454$194
27 years$1,453$1,081$792$573$410$168
28 years$1,386$1,019$736$525$370$146
29 years$1,324$961$685$481$334$126
30 years$1,266$908$638$442$302$110
31 years$1,212$858$595$406$273$95
32 years$1,161$812$555$373$247$82
33 years$1,114$769$518$343$223$71
34 years$1,069$729$484$315$202$62
35 years$1,027$691$453$290$183$54
36 years$988$656$424$267$166$47
37 years$951$623$396$246$150$41
38 years$915$592$371$227$136$35
39 years$882$563$348$209$124$31
40 years$850$536$326$193$112$27
41 years$820$510$306$178$102$23
42 years$792$486$287$164$92$20
43 years$765$463$269$152$84$17
44 years$739$441$253$140$76$15
45 years$714$421$237$129$69$13
46 years$691$401$223$120$63$11
47 years$669$383$209$110$57$10
48 years$647$366$197$102$52$9
49 years$627$349$185$94$47$7
50 years$607$333$174$87$43$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $622,000, adding $4,004 every year, while hoping to spend $26,727 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: 49/34/17 Blend
66$622,000$622,000$622,000$622,000
67$689,574$656,608$646,967$719,912
68$731,473$660,345$640,203$745,037
69$776,751$663,368$632,317$769,243
70$825,722$665,616$623,242$794,961
71$878,735$667,021$612,911$822,342
72$936,173$667,512$601,250$851,555
73$998,455$667,013$588,185$882,786
74$1,066,044$665,443$573,635$916,242
75$1,139,449$662,717$557,520$952,153
76$1,219,227$658,745$539,751$990,774
77$1,305,995$653,430$520,239$1,032,386
78$1,400,429$646,671$498,890$1,077,302
79$1,503,273$638,358$475,604$1,125,869
80$1,615,348$628,379$450,277$1,178,469
81$1,737,555$616,611$422,803$1,235,528
82$1,870,886$602,925$393,067$1,297,516
83$2,016,434$587,186$360,953$1,364,953
84$2,175,402$569,250$326,336$1,438,417
85$2,349,113$548,963$289,089$1,518,544
86$2,539,025$526,165$249,076$1,606,041
87$2,746,743$500,684$206,157$1,701,689
88$2,974,033$472,340$160,185$1,806,351
89$3,222,840$440,941$111,008$1,920,984
90$3,495,309$406,286$58,465$2,046,644
91$3,793,796$368,160$2,390$2,184,500
92$4,120,902$326,338$0$2,335,843
93$4,479,486$280,581$0$2,512,523
94$4,872,701$230,637$0$2,706,837
95$5,304,018$176,239$0$2,920,130
96$5,777,259$117,106$0$3,154,367
97$6,296,636$52,942$0$3,411,715
98$6,866,788$0$0$3,694,566
99$7,492,824$0$0$4,011,761
100$8,180,373$0$0$4,381,946