Can I retire at age 67 with 637,000?

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 $637,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17%
1 years$52,603$52,134$51,677$51,231$50,795$49,347
2 years$26,041$25,556$25,086$24,630$24,188$22,741
3 years$17,188$16,701$16,232$15,781$15,346$13,944
4 years$12,763$12,277$11,813$11,369$10,945$9,600
5 years$10,108$9,625$9,167$8,733$8,320$7,035
6 years$8,339$7,860$7,409$6,984$6,583$5,360
7 years$7,076$6,601$6,157$5,742$5,354$4,192
8 years$6,129$5,658$5,221$4,816$4,442$3,340
9 years$5,393$4,926$4,497$4,103$3,741$2,699
10 years$4,804$4,342$3,921$3,536$3,187$2,204
11 years$4,323$3,866$3,452$3,078$2,741$1,814
12 years$3,922$3,470$3,063$2,700$2,375$1,503
13 years$3,583$3,136$2,737$2,383$2,071$1,252
14 years$3,293$2,850$2,459$2,116$1,816$1,048
15 years$3,042$2,604$2,220$1,887$1,599$879
16 years$2,822$2,389$2,013$1,689$1,413$740
17 years$2,629$2,200$1,832$1,518$1,253$625
18 years$2,457$2,033$1,672$1,368$1,114$528
19 years$2,303$1,884$1,531$1,236$993$447
20 years$2,165$1,751$1,405$1,120$887$379
21 years$2,040$1,631$1,292$1,016$794$322
22 years$1,927$1,522$1,191$924$711$274
23 years$1,824$1,424$1,100$841$639$233
24 years$1,729$1,334$1,017$767$574$198
25 years$1,642$1,252$942$701$516$169
26 years$1,562$1,177$874$641$465$144
27 years$1,488$1,107$811$586$419$123
28 years$1,420$1,043$754$537$378$105
29 years$1,356$984$702$493$342$89
30 years$1,297$930$654$452$309$76
31 years$1,241$879$609$415$279$65
32 years$1,189$831$569$382$253$56
33 years$1,141$787$531$351$229$47
34 years$1,095$746$496$323$207$41
35 years$1,052$708$464$297$187$35
36 years$1,012$672$434$274$170$30
37 years$974$638$406$252$154$25
38 years$937$606$380$233$140$22
39 years$903$577$356$214$127$18
40 years$871$549$334$198$115$16
41 years$840$522$313$182$104$13
42 years$811$497$294$168$94$11
43 years$783$474$276$155$86$10
44 years$757$452$259$144$78$8
45 years$732$431$243$133$71$7
46 years$708$411$228$122$64$6
47 years$685$392$214$113$58$5
48 years$663$374$201$105$53$4
49 years$642$357$189$97$48$4
50 years$622$341$178$89$44$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $637,000, adding $3,340 every year, while hoping to spend $42,692 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: 42/41/17 Blend
66$637,000$637,000$637,000$637,000
67$705,419$671,658$661,785$731,406
68$731,948$659,146$638,531$737,571
69$759,752$644,589$613,067$739,803
70$788,916$627,843$585,273$741,317
71$819,532$608,754$555,027$742,068
72$851,701$587,160$522,197$742,009
73$885,531$562,887$486,647$741,093
74$921,141$535,754$448,236$739,271
75$958,660$505,568$406,814$736,494
76$998,227$472,126$362,226$732,712
77$1,039,997$435,211$314,312$727,876
78$1,084,136$394,595$262,900$721,934
79$1,130,826$350,038$207,815$714,836
80$1,180,265$301,285$148,873$706,533
81$1,232,672$248,068$85,879$696,975
82$1,288,283$190,101$18,634$686,115
83$1,347,356$127,085$0$673,908
84$1,410,178$58,703$0$669,946
85$1,477,056$0$0$668,786
86$1,548,332$0$0$673,988
87$1,624,378$0$0$707,842
88$1,705,601$0$0$744,050
89$1,792,448$0$0$782,817
90$1,885,409$0$0$824,369
91$1,985,021$0$0$868,953
92$2,091,874$0$0$916,840
93$2,206,614$0$0$968,328
94$2,329,950$0$0$1,023,744
95$2,462,662$0$0$1,083,447
96$2,605,604$0$0$1,147,831
97$2,759,717$0$0$1,217,329
98$2,926,032$0$0$1,292,417
99$3,105,683$0$0$1,373,618
100$3,299,917$0$0$1,461,506