Can I retire at age 67 with 639,000?

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 $639,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.5%
1 years$52,768$52,298$51,839$51,392$50,955$49,206
2 years$26,123$25,636$25,165$24,708$24,264$22,520
3 years$17,242$16,754$16,283$15,830$15,394$13,709
4 years$12,803$12,316$11,850$11,405$10,979$9,367
5 years$10,140$9,656$9,196$8,760$8,346$6,810
6 years$8,365$7,885$7,432$7,005$6,604$5,146
7 years$7,098$6,621$6,176$5,760$5,371$3,991
8 years$6,148$5,676$5,238$4,832$4,456$3,152
9 years$5,410$4,942$4,511$4,115$3,752$2,523
10 years$4,819$4,356$3,933$3,548$3,197$2,041
11 years$4,336$3,878$3,463$3,087$2,750$1,664
12 years$3,934$3,481$3,073$2,708$2,383$1,365
13 years$3,594$3,145$2,745$2,391$2,078$1,126
14 years$3,303$2,859$2,467$2,122$1,821$932
15 years$3,051$2,612$2,227$1,893$1,604$774
16 years$2,831$2,396$2,019$1,695$1,417$645
17 years$2,637$2,207$1,837$1,523$1,257$538
18 years$2,464$2,039$1,677$1,372$1,117$450
19 years$2,310$1,890$1,536$1,240$996$377
20 years$2,172$1,756$1,409$1,123$890$316
21 years$2,047$1,636$1,296$1,019$796$265
22 years$1,933$1,527$1,195$927$714$223
23 years$1,829$1,428$1,103$844$641$187
24 years$1,735$1,338$1,020$770$576$158
25 years$1,647$1,256$945$703$518$133
26 years$1,567$1,180$876$643$467$112
27 years$1,493$1,111$814$588$421$94
28 years$1,424$1,047$756$539$380$79
29 years$1,360$987$704$494$343$67
30 years$1,301$932$656$454$310$56
31 years$1,245$882$611$417$280$47
32 years$1,193$834$570$383$253$40
33 years$1,144$790$533$352$229$34
34 years$1,099$749$498$324$208$28
35 years$1,055$710$465$298$188$24
36 years$1,015$674$435$275$170$20
37 years$977$640$407$253$154$17
38 years$940$608$381$233$140$14
39 years$906$578$357$215$127$12
40 years$874$550$335$198$115$10
41 years$843$524$314$183$104$9
42 years$814$499$295$169$95$7
43 years$786$475$276$156$86$6
44 years$759$453$260$144$78$5
45 years$734$432$244$133$71$4
46 years$710$412$229$123$64$4
47 years$687$393$215$113$58$3
48 years$665$376$202$105$53$3
49 years$644$359$190$97$48$2
50 years$624$343$179$90$44$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $639,000, adding $6,055 every year, while hoping to spend $44,088 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: 70/7/23 Blend
66$639,000$639,000$639,000$639,000
67$710,424$676,557$666,652$755,652
68$735,978$662,799$642,076$772,899
69$762,660$646,889$615,198$786,047
70$790,541$628,675$585,896$799,377
71$819,693$607,997$554,041$812,903
72$850,196$584,684$519,496$826,644
73$882,138$558,556$482,121$840,620
74$915,613$529,421$441,769$854,853
75$950,722$497,080$398,285$869,373
76$987,577$461,318$351,508$884,209
77$1,026,297$421,909$301,271$899,398
78$1,067,013$378,617$247,397$914,983
79$1,109,867$331,188$189,704$931,010
80$1,155,014$279,356$127,999$947,534
81$1,202,622$222,841$62,084$964,617
82$1,252,874$161,345$0$982,330
83$1,305,971$94,555$0$1,002,779
84$1,362,131$22,140$0$1,040,418
85$1,421,593$0$0$1,080,154
86$1,484,616$0$0$1,126,492
87$1,551,485$0$0$1,177,484
88$1,622,511$0$0$1,231,665
89$1,698,034$0$0$1,289,295
90$1,778,426$0$0$1,350,662
91$1,864,094$0$0$1,416,078
92$1,955,486$0$0$1,485,888
93$2,053,089$0$0$1,560,468
94$2,157,439$0$0$1,640,230
95$2,269,123$0$0$1,725,627
96$2,388,785$0$0$1,817,154
97$2,517,131$0$0$1,915,355
98$2,654,936$0$0$2,020,827
99$2,803,050$0$0$2,134,226
100$2,962,408$0$0$2,256,271