Can I retire at age 67 with 630,000?

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 $630,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.3%
1 years$52,025$51,561$51,109$50,668$50,237$48,746
2 years$25,755$25,275$24,810$24,360$23,922$22,433
3 years$16,999$16,518$16,054$15,607$15,177$13,735
4 years$12,622$12,142$11,683$11,244$10,825$9,442
5 years$9,997$9,520$9,067$8,637$8,229$6,908
6 years$8,247$7,773$7,327$6,907$6,511$5,255
7 years$6,998$6,528$6,089$5,678$5,295$4,103
8 years$6,061$5,596$5,164$4,764$4,393$3,263
9 years$5,333$4,872$4,448$4,057$3,699$2,632
10 years$4,751$4,295$3,878$3,498$3,152$2,145
11 years$4,275$3,823$3,414$3,044$2,711$1,763
12 years$3,879$3,432$3,030$2,670$2,349$1,458
13 years$3,544$3,101$2,707$2,357$2,049$1,212
14 years$3,257$2,819$2,432$2,092$1,796$1,012
15 years$3,008$2,575$2,196$1,866$1,581$847
16 years$2,791$2,363$1,991$1,671$1,397$712
17 years$2,600$2,176$1,812$1,501$1,239$599
18 years$2,430$2,011$1,654$1,353$1,102$506
19 years$2,278$1,863$1,514$1,222$982$427
20 years$2,141$1,732$1,389$1,107$877$362
21 years$2,018$1,613$1,278$1,005$785$306
22 years$1,906$1,506$1,178$914$704$260
23 years$1,804$1,408$1,088$832$632$220
24 years$1,710$1,319$1,006$759$568$187
25 years$1,624$1,238$932$693$511$159
26 years$1,545$1,164$864$634$460$135
27 years$1,472$1,095$802$580$415$115
28 years$1,404$1,032$746$531$374$98
29 years$1,341$973$694$487$338$83
30 years$1,282$919$646$447$305$71
31 years$1,228$869$603$411$276$60
32 years$1,176$822$562$378$250$51
33 years$1,128$779$525$347$226$44
34 years$1,083$738$491$319$205$37
35 years$1,041$700$459$294$185$32
36 years$1,001$664$429$271$168$27
37 years$963$631$402$250$152$23
38 years$927$600$376$230$138$20
39 years$893$570$352$212$125$17
40 years$861$543$330$196$114$14
41 years$831$517$310$180$103$12
42 years$802$492$290$167$93$10
43 years$775$469$273$154$85$9
44 years$749$447$256$142$77$8
45 years$724$426$240$131$70$6
46 years$700$406$226$121$63$5
47 years$677$388$212$112$58$5
48 years$656$370$199$103$52$4
49 years$635$354$187$96$48$3
50 years$615$338$176$88$43$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $630,000, adding $4,661 every year, while hoping to spend $49,253 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: 77/18/5 Blend
66$630,000$630,000$630,000$630,000
67$699,068$665,678$655,913$752,347
68$717,968$645,891$625,481$768,169
69$737,145$623,484$592,379$778,647
70$756,576$598,277$556,466$788,671
71$776,232$570,078$517,592$798,173
72$796,081$538,685$475,605$807,080
73$816,086$503,885$430,343$815,312
74$836,204$465,453$381,637$822,780
75$856,385$423,149$329,310$829,390
76$876,574$376,721$273,180$835,037
77$896,707$325,902$213,054$839,607
78$916,711$270,412$148,731$842,973
79$936,505$209,951$80,002$845,002
80$955,995$144,205$6,649$845,542
81$975,079$72,843$0$844,433
82$993,638$0$0$845,317
83$1,011,543$0$0$845,696
84$1,028,645$0$0$859,809
85$1,044,780$0$0$873,090
86$1,059,764$0$0$885,381
87$1,073,391$0$0$896,507
88$1,085,433$0$0$906,274
89$1,095,633$0$0$914,465
90$1,103,708$0$0$920,837
91$1,109,341$0$0$925,122
92$1,112,179$0$0$927,020
93$1,111,832$0$0$926,199
94$1,107,865$0$0$922,290
95$1,099,796$0$0$914,883
96$1,087,090$0$0$903,524
97$1,069,155$0$0$887,710
98$1,045,332$0$0$866,880
99$1,014,894$0$0$840,418
100$977,033$0$0$807,638