Can I retire at age 67 with 632,000?

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 $632,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.5%
1 years$52,190$51,725$51,272$50,829$50,397$50,079
2 years$25,837$25,355$24,889$24,437$23,998$23,678
3 years$17,053$16,570$16,105$15,657$15,226$14,912
4 years$12,663$12,181$11,720$11,280$10,859$10,555
5 years$10,029$9,550$9,095$8,664$8,255$7,962
6 years$8,273$7,798$7,350$6,929$6,532$6,249
7 years$7,020$6,549$6,108$5,697$5,312$5,041
8 years$6,081$5,614$5,180$4,779$4,407$4,146
9 years$5,350$4,888$4,462$4,070$3,711$3,462
10 years$4,766$4,308$3,890$3,509$3,162$2,923
11 years$4,289$3,835$3,425$3,054$2,720$2,492
12 years$3,891$3,442$3,039$2,678$2,357$2,139
13 years$3,555$3,111$2,715$2,365$2,055$1,848
14 years$3,267$2,828$2,440$2,099$1,801$1,604
15 years$3,018$2,583$2,203$1,872$1,586$1,398
16 years$2,800$2,370$1,997$1,676$1,402$1,224
17 years$2,608$2,183$1,817$1,506$1,243$1,074
18 years$2,437$2,017$1,659$1,357$1,105$945
19 years$2,285$1,869$1,519$1,226$985$833
20 years$2,148$1,737$1,394$1,111$880$736
21 years$2,024$1,618$1,282$1,008$787$652
22 years$1,912$1,510$1,182$917$706$578
23 years$1,809$1,413$1,091$835$634$513
24 years$1,716$1,323$1,009$761$569$456
25 years$1,629$1,242$935$695$512$406
26 years$1,550$1,167$867$636$462$361
27 years$1,477$1,099$805$582$416$322
28 years$1,409$1,035$748$533$376$287
29 years$1,345$977$696$489$339$256
30 years$1,286$922$649$449$306$229
31 years$1,231$872$605$412$277$204
32 years$1,180$825$564$379$251$182
33 years$1,132$781$527$348$227$163
34 years$1,087$740$492$320$205$146
35 years$1,044$702$460$295$186$130
36 years$1,004$667$430$272$168$117
37 years$966$633$403$250$153$104
38 years$930$602$377$231$138$94
39 years$896$572$353$213$126$84
40 years$864$544$331$196$114$75
41 years$834$518$311$181$103$67
42 years$805$493$291$167$94$60
43 years$777$470$273$154$85$54
44 years$751$448$257$142$77$48
45 years$726$427$241$132$70$43
46 years$702$408$226$121$64$39
47 years$679$389$213$112$58$35
48 years$658$371$200$104$52$31
49 years$637$355$188$96$48$28
50 years$617$339$177$89$43$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $632,000, adding $2,726 every year, while hoping to spend $41,825 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: 63/21/16 Blend
66$632,000$632,000$632,000$632,000
67$699,276$665,780$655,984$740,393
68$726,101$653,902$633,458$756,455
69$754,260$640,040$608,775$768,982
70$783,845$624,052$581,820$781,658
71$814,956$605,790$552,470$794,500
72$847,703$585,095$520,599$807,528
73$882,202$561,798$486,073$820,766
74$918,584$535,723$448,753$834,240
75$956,987$506,682$408,495$847,982
76$997,567$474,476$365,146$862,031
77$1,040,489$438,896$318,549$876,430
78$1,085,936$399,718$268,537$891,230
79$1,134,107$356,710$214,939$906,489
80$1,185,220$309,623$157,573$922,273
81$1,239,512$258,194$96,252$938,659
82$1,297,244$202,148$30,778$955,735
83$1,358,701$141,191$0$973,600
84$1,424,195$75,016$0$999,041
85$1,494,066$3,295$0$1,031,553
86$1,568,689$0$0$1,066,062
87$1,648,474$0$0$1,119,943
88$1,733,870$0$0$1,178,457
89$1,825,370$0$0$1,241,185
90$1,923,514$0$0$1,308,501
91$2,028,896$0$0$1,380,815
92$2,142,166$0$0$1,458,579
93$2,264,038$0$0$1,542,288
94$2,395,298$0$0$1,632,485
95$2,536,806$0$0$1,729,769
96$2,689,510$0$0$1,834,795
97$2,854,448$0$0$1,948,284
98$3,032,765$0$0$2,071,029
99$3,225,716$0$0$2,203,900
100$3,434,681$0$0$2,347,855