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%12.6%
1 years$52,190$51,725$51,272$50,829$50,397$49,850
2 years$25,837$25,355$24,889$24,437$23,998$23,448
3 years$17,053$16,570$16,105$15,657$15,226$14,688
4 years$12,663$12,181$11,720$11,280$10,859$10,339
5 years$10,029$9,550$9,095$8,664$8,255$7,754
6 years$8,273$7,798$7,350$6,929$6,532$6,050
7 years$7,020$6,549$6,108$5,697$5,312$4,851
8 years$6,081$5,614$5,180$4,779$4,407$3,965
9 years$5,350$4,888$4,462$4,070$3,711$3,289
10 years$4,766$4,308$3,890$3,509$3,162$2,759
11 years$4,289$3,835$3,425$3,054$2,720$2,336
12 years$3,891$3,442$3,039$2,678$2,357$1,991
13 years$3,555$3,111$2,715$2,365$2,055$1,708
14 years$3,267$2,828$2,440$2,099$1,801$1,472
15 years$3,018$2,583$2,203$1,872$1,586$1,274
16 years$2,800$2,370$1,997$1,676$1,402$1,106
17 years$2,608$2,183$1,817$1,506$1,243$964
18 years$2,437$2,017$1,659$1,357$1,105$841
19 years$2,285$1,869$1,519$1,226$985$736
20 years$2,148$1,737$1,394$1,111$880$645
21 years$2,024$1,618$1,282$1,008$787$567
22 years$1,912$1,510$1,182$917$706$498
23 years$1,809$1,413$1,091$835$634$438
24 years$1,716$1,323$1,009$761$569$386
25 years$1,629$1,242$935$695$512$341
26 years$1,550$1,167$867$636$462$301
27 years$1,477$1,099$805$582$416$266
28 years$1,409$1,035$748$533$376$235
29 years$1,345$977$696$489$339$208
30 years$1,286$922$649$449$306$184
31 years$1,231$872$605$412$277$163
32 years$1,180$825$564$379$251$144
33 years$1,132$781$527$348$227$128
34 years$1,087$740$492$320$205$113
35 years$1,044$702$460$295$186$100
36 years$1,004$667$430$272$168$89
37 years$966$633$403$250$153$79
38 years$930$602$377$231$138$70
39 years$896$572$353$213$126$62
40 years$864$544$331$196$114$55
41 years$834$518$311$181$103$49
42 years$805$493$291$167$94$43
43 years$777$470$273$154$85$38
44 years$751$448$257$142$77$34
45 years$726$427$241$132$70$30
46 years$702$408$226$121$64$27
47 years$679$389$213$112$58$24
48 years$658$371$200$104$52$21
49 years$637$355$188$96$48$19
50 years$617$339$177$89$43$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $632,000, adding $3,257 every year, while hoping to spend $38,635 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: 37/33/30 Blend
66$632,000$632,000$632,000$632,000
67$699,824$666,328$656,532$719,351
68$730,098$657,870$637,418$725,686
69$762,166$647,704$616,369$728,799
70$796,169$635,703$593,280$731,435
71$832,263$621,737$568,039$733,580
72$870,617$605,665$540,532$735,217
73$911,417$587,340$510,637$736,334
74$954,867$566,605$478,228$736,921
75$1,001,189$543,294$443,174$736,970
76$1,050,627$517,233$405,337$736,477
77$1,103,448$488,234$364,573$735,443
78$1,159,945$456,103$320,732$733,873
79$1,220,439$420,632$273,656$731,777
80$1,285,282$381,601$223,182$729,172
81$1,354,860$338,779$169,138$726,082
82$1,429,597$291,921$111,346$722,540
83$1,509,959$240,768$49,619$718,588
84$1,596,456$185,046$0$714,280
85$1,689,648$124,467$0$714,885
86$1,790,152$58,726$0$732,567
87$1,898,645$0$0$751,591
88$2,015,870$0$0$776,680
89$2,142,643$0$0$826,945
90$2,279,865$0$0$881,424
91$2,428,521$0$0$940,520
92$2,589,697$0$0$1,004,673
93$2,764,587$0$0$1,074,368
94$2,954,505$0$0$1,150,140
95$3,160,894$0$0$1,232,576
96$3,385,343$0$0$1,322,321
97$3,629,600$0$0$1,420,087
98$3,895,588$0$0$1,526,655
99$4,185,424$0$0$1,642,889
100$4,501,437$0$0$1,769,734