Can I retire at age 67 with 624,000?

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 $624,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.5%
1 years$51,529$51,070$50,623$50,185$49,759$49,035
2 years$25,510$25,034$24,574$24,128$23,695$22,967
3 years$16,837$16,360$15,901$15,459$15,033$14,324
4 years$12,502$12,027$11,572$11,137$10,722$10,037
5 years$9,902$9,429$8,980$8,554$8,150$7,492
6 years$8,169$7,699$7,257$6,841$6,449$5,818
7 years$6,931$6,466$6,031$5,624$5,245$4,641
8 years$6,004$5,543$5,115$4,718$4,351$3,774
9 years$5,283$4,826$4,405$4,019$3,664$3,114
10 years$4,706$4,254$3,841$3,464$3,122$2,598
11 years$4,235$3,787$3,381$3,015$2,685$2,187
12 years$3,842$3,399$3,001$2,645$2,327$1,854
13 years$3,510$3,072$2,681$2,335$2,029$1,581
14 years$3,226$2,792$2,409$2,073$1,779$1,354
15 years$2,980$2,551$2,175$1,848$1,566$1,165
16 years$2,765$2,340$1,972$1,655$1,384$1,005
17 years$2,575$2,155$1,794$1,487$1,227$870
18 years$2,407$1,991$1,638$1,340$1,091$755
19 years$2,256$1,846$1,499$1,211$973$656
20 years$2,121$1,715$1,376$1,097$869$571
21 years$1,999$1,597$1,266$995$777$498
22 years$1,888$1,491$1,167$905$697$435
23 years$1,786$1,395$1,077$824$626$380
24 years$1,694$1,307$996$752$562$333
25 years$1,609$1,226$923$686$506$292
26 years$1,530$1,153$856$628$456$256
27 years$1,458$1,085$795$575$411$224
28 years$1,391$1,022$739$526$371$197
29 years$1,328$964$687$483$335$173
30 years$1,270$911$640$443$302$152
31 years$1,216$861$597$407$273$133
32 years$1,165$814$557$374$247$117
33 years$1,117$771$520$344$224$103
34 years$1,073$731$486$316$203$91
35 years$1,031$693$454$291$184$80
36 years$991$658$425$268$166$70
37 years$954$625$398$247$151$62
38 years$918$594$372$228$137$54
39 years$885$565$349$210$124$48
40 years$853$537$327$194$112$42
41 years$823$512$307$179$102$37
42 years$794$487$288$165$93$33
43 years$767$464$270$152$84$29
44 years$741$443$253$141$76$25
45 years$717$422$238$130$69$22
46 years$693$403$223$120$63$20
47 years$671$384$210$111$57$17
48 years$649$367$197$102$52$15
49 years$629$350$185$95$47$13
50 years$609$335$174$87$43$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $624,000, adding $5,140 every year, while hoping to spend $39,019 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: 46/49/5 Blend
66$624,000$624,000$624,000$624,000
67$692,950$659,878$650,206$723,668
68$722,115$650,696$630,472$736,113
69$752,947$639,756$608,769$745,092
70$785,575$626,932$584,990$753,909
71$820,140$612,088$559,023$762,560
72$856,794$595,080$530,751$771,043
73$895,708$575,760$500,052$779,358
74$937,063$553,965$466,796$787,512
75$981,061$529,527$430,852$795,511
76$1,027,923$502,267$392,079$803,368
77$1,077,888$471,995$350,330$811,101
78$1,131,220$438,511$305,455$818,732
79$1,188,210$401,603$257,292$826,291
80$1,249,173$361,047$205,677$833,814
81$1,314,456$316,606$150,435$841,348
82$1,384,442$268,031$91,386$848,948
83$1,459,547$215,057$28,339$856,679
84$1,540,231$157,404$0$864,622
85$1,626,996$94,779$0$874,946
86$1,720,396$26,869$0$887,433
87$1,821,037$0$0$900,706
88$1,929,586$0$0$940,081
89$2,046,775$0$0$998,288
90$2,173,409$0$0$1,061,245
91$2,310,373$0$0$1,129,398
92$2,458,638$0$0$1,203,241
93$2,619,273$0$0$1,283,313
94$2,793,454$0$0$1,370,208
95$2,982,471$0$0$1,464,581
96$3,187,748$0$0$1,567,150
97$3,410,846$0$0$1,678,706
98$3,653,485$0$0$1,800,120
99$3,917,558$0$0$1,932,349
100$4,205,146$0$0$2,076,446