Can I retire at age 67 with 626,000?

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 $626,000?

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$51,694$51,234$50,785$50,346$49,918$49,192
2 years$25,591$25,115$24,653$24,205$23,771$23,041
3 years$16,891$16,413$15,952$15,508$15,081$14,370
4 years$12,542$12,065$11,609$11,173$10,756$10,069
5 years$9,934$9,459$9,009$8,582$8,176$7,516
6 years$8,195$7,724$7,281$6,863$6,470$5,836
7 years$6,954$6,487$6,050$5,642$5,262$4,656
8 years$6,023$5,560$5,131$4,733$4,365$3,786
9 years$5,299$4,841$4,419$4,032$3,676$3,124
10 years$4,721$4,267$3,853$3,475$3,132$2,607
11 years$4,248$3,799$3,392$3,025$2,694$2,194
12 years$3,854$3,410$3,010$2,653$2,334$1,860
13 years$3,521$3,081$2,690$2,342$2,036$1,586
14 years$3,236$2,801$2,417$2,079$1,784$1,359
15 years$2,989$2,559$2,182$1,854$1,571$1,169
16 years$2,773$2,348$1,978$1,660$1,389$1,009
17 years$2,583$2,162$1,800$1,492$1,231$873
18 years$2,414$1,998$1,643$1,344$1,095$757
19 years$2,263$1,852$1,504$1,215$976$658
20 years$2,128$1,721$1,381$1,100$872$573
21 years$2,005$1,603$1,270$998$780$500
22 years$1,894$1,496$1,170$908$699$436
23 years$1,792$1,399$1,081$827$628$382
24 years$1,699$1,311$999$754$564$334
25 years$1,614$1,230$926$689$508$292
26 years$1,535$1,156$858$630$457$256
27 years$1,463$1,088$797$576$412$225
28 years$1,395$1,025$741$528$372$197
29 years$1,333$967$690$484$336$173
30 years$1,274$914$642$444$303$152
31 years$1,220$864$599$408$274$134
32 years$1,169$817$559$375$248$117
33 years$1,121$774$522$345$225$103
34 years$1,076$733$487$317$203$91
35 years$1,034$696$456$292$184$80
36 years$994$660$426$269$167$70
37 years$957$627$399$248$151$62
38 years$921$596$374$229$137$54
39 years$888$567$350$211$124$48
40 years$856$539$328$194$113$42
41 years$826$513$308$179$102$37
42 years$797$489$289$165$93$33
43 years$770$466$271$153$84$29
44 years$744$444$254$141$76$25
45 years$719$423$239$130$69$22
46 years$695$404$224$120$63$20
47 years$673$385$211$111$57$17
48 years$651$368$198$103$52$15
49 years$631$351$186$95$47$13
50 years$611$336$175$88$43$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $626,000, adding $2,320 every year, while hoping to spend $38,088 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: 57/15/28 Blend
66$626,000$626,000$626,000$626,000
67$692,245$659,067$649,364$726,265
68$722,329$650,836$630,592$741,648
69$754,204$640,925$609,915$754,223
70$788,015$629,212$587,229$767,151
71$823,915$615,566$562,424$780,478
72$862,077$599,851$535,388$794,257
73$902,685$581,921$506,000$808,547
74$945,946$561,621$474,137$823,418
75$992,081$538,789$439,669$838,945
76$1,041,335$513,252$402,461$855,217
77$1,093,978$484,828$362,370$872,333
78$1,150,303$453,324$319,248$890,403
79$1,210,632$418,535$272,941$909,554
80$1,275,319$380,246$223,288$929,928
81$1,344,752$338,229$170,118$951,683
82$1,419,357$292,242$113,257$974,998
83$1,499,601$242,031$52,521$1,000,073
84$1,585,997$187,328$0$1,027,134
85$1,679,109$127,847$0$1,060,104
86$1,779,555$63,288$0$1,112,576
87$1,888,016$0$0$1,169,219
88$2,005,239$0$0$1,231,550
89$2,132,045$0$0$1,310,319
90$2,269,337$0$0$1,395,647
91$2,418,107$0$0$1,488,156
92$2,579,446$0$0$1,588,531
93$2,754,554$0$0$1,697,524
94$2,944,752$0$0$1,815,964
95$3,151,491$0$0$1,944,762
96$3,376,368$0$0$2,084,919
97$3,621,140$0$0$2,237,539
98$3,887,741$0$0$2,403,835
99$4,178,299$0$0$2,585,143
100$4,495,155$0$0$2,782,931