Can I retire at age 67 with 638,000?

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 $638,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.9%
1 years$52,685$52,216$51,758$51,311$50,875$50,260
2 years$26,082$25,596$25,125$24,669$24,226$23,607
3 years$17,215$16,727$16,258$15,806$15,370$14,767
4 years$12,783$12,296$11,832$11,387$10,962$10,379
5 years$10,124$9,641$9,182$8,746$8,333$7,771
6 years$8,352$7,872$7,420$6,995$6,594$6,054
7 years$7,087$6,611$6,166$5,751$5,363$4,845
8 years$6,138$5,667$5,229$4,824$4,449$3,954
9 years$5,401$4,934$4,504$4,109$3,746$3,274
10 years$4,812$4,349$3,927$3,542$3,192$2,742
11 years$4,330$3,872$3,457$3,083$2,745$2,317
12 years$3,928$3,475$3,068$2,704$2,379$1,971
13 years$3,589$3,140$2,741$2,387$2,075$1,688
14 years$3,298$2,855$2,463$2,119$1,819$1,452
15 years$3,047$2,608$2,224$1,890$1,601$1,254
16 years$2,827$2,393$2,016$1,692$1,415$1,086
17 years$2,633$2,203$1,835$1,520$1,255$944
18 years$2,461$2,036$1,675$1,370$1,116$823
19 years$2,307$1,887$1,533$1,238$994$718
20 years$2,168$1,754$1,407$1,121$888$628
21 years$2,043$1,633$1,294$1,018$795$550
22 years$1,930$1,525$1,193$925$713$483
23 years$1,827$1,426$1,101$843$640$424
24 years$1,732$1,336$1,019$769$575$373
25 years$1,645$1,254$943$702$517$328
26 years$1,565$1,178$875$642$466$289
27 years$1,491$1,109$812$587$420$255
28 years$1,422$1,045$755$538$379$224
29 years$1,358$986$703$494$342$198
30 years$1,299$931$655$453$309$175
31 years$1,243$880$610$416$280$154
32 years$1,191$833$569$382$253$136
33 years$1,143$789$532$352$229$120
34 years$1,097$747$497$323$207$106
35 years$1,054$709$464$298$188$94
36 years$1,013$673$435$274$170$83
37 years$975$639$407$253$154$74
38 years$939$607$381$233$140$65
39 years$905$578$357$215$127$58
40 years$872$549$334$198$115$51
41 years$841$523$314$183$104$45
42 years$812$498$294$169$95$40
43 years$784$475$276$156$86$35
44 years$758$452$259$144$78$31
45 years$733$431$243$133$71$28
46 years$709$412$229$123$64$25
47 years$686$393$215$113$58$22
48 years$664$375$202$105$53$19
49 years$643$358$190$97$48$17
50 years$623$342$178$89$44$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $638,000, adding $5,923 every year, while hoping to spend $22,129 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: 44/38/18 Blend
66$638,000$638,000$638,000$638,000
67$709,186$675,372$665,483$736,461
68$757,977$684,920$664,231$765,755
69$811,004$694,194$662,196$794,836
70$868,675$703,158$659,328$825,893
71$931,439$711,772$655,574$859,116
72$999,791$719,993$650,881$894,719
73$1,074,275$727,779$645,191$932,938
74$1,155,490$735,079$638,445$974,033
75$1,244,096$741,844$630,579$1,018,292
76$1,340,819$748,019$621,527$1,066,032
77$1,446,456$753,546$611,223$1,117,606
78$1,561,888$758,363$599,592$1,173,402
79$1,688,083$762,405$586,561$1,233,848
80$1,826,107$765,602$572,049$1,299,420
81$1,977,132$767,879$555,976$1,370,642
82$2,142,453$769,158$538,254$1,448,093
83$2,323,491$769,355$518,794$1,532,413
84$2,521,814$768,380$497,500$1,624,308
85$2,739,148$766,140$474,275$1,724,560
86$2,977,393$762,533$449,016$1,834,031
87$3,238,643$757,453$421,614$1,953,673
88$3,525,204$750,787$391,957$2,084,540
89$3,839,615$742,416$359,927$2,227,791
90$4,184,673$732,212$325,402$2,384,712
91$4,563,460$720,040$288,253$2,556,717
92$4,979,369$705,759$248,346$2,745,372
93$5,436,140$689,216$205,541$2,952,402
94$5,937,891$670,253$159,692$3,179,715
95$6,489,160$648,699$110,645$3,429,413
96$7,094,944$624,375$58,242$3,703,821
97$7,760,751$597,092$2,316$4,005,501
98$8,492,647$566,649$0$4,337,283
99$9,297,316$532,834$0$4,713,307
100$10,182,122$495,422$0$5,127,192