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%14.1%
1 years$52,768$52,298$51,839$51,392$50,955$50,090
2 years$26,123$25,636$25,165$24,708$24,264$23,396
3 years$17,242$16,754$16,283$15,830$15,394$14,549
4 years$12,803$12,316$11,850$11,405$10,979$10,164
5 years$10,140$9,656$9,196$8,760$8,346$7,563
6 years$8,365$7,885$7,432$7,005$6,604$5,854
7 years$7,098$6,621$6,176$5,760$5,371$4,654
8 years$6,148$5,676$5,238$4,832$4,456$3,771
9 years$5,410$4,942$4,511$4,115$3,752$3,101
10 years$4,819$4,356$3,933$3,548$3,197$2,578
11 years$4,336$3,878$3,463$3,087$2,750$2,162
12 years$3,934$3,481$3,073$2,708$2,383$1,826
13 years$3,594$3,145$2,745$2,391$2,078$1,550
14 years$3,303$2,859$2,467$2,122$1,821$1,323
15 years$3,051$2,612$2,227$1,893$1,604$1,133
16 years$2,831$2,396$2,019$1,695$1,417$974
17 years$2,637$2,207$1,837$1,523$1,257$839
18 years$2,464$2,039$1,677$1,372$1,117$725
19 years$2,310$1,890$1,536$1,240$996$627
20 years$2,172$1,756$1,409$1,123$890$544
21 years$2,047$1,636$1,296$1,019$796$472
22 years$1,933$1,527$1,195$927$714$410
23 years$1,829$1,428$1,103$844$641$357
24 years$1,735$1,338$1,020$770$576$311
25 years$1,647$1,256$945$703$518$271
26 years$1,567$1,180$876$643$467$237
27 years$1,493$1,111$814$588$421$206
28 years$1,424$1,047$756$539$380$180
29 years$1,360$987$704$494$343$157
30 years$1,301$932$656$454$310$138
31 years$1,245$882$611$417$280$120
32 years$1,193$834$570$383$253$105
33 years$1,144$790$533$352$229$92
34 years$1,099$749$498$324$208$81
35 years$1,055$710$465$298$188$71
36 years$1,015$674$435$275$170$62
37 years$977$640$407$253$154$54
38 years$940$608$381$233$140$47
39 years$906$578$357$215$127$41
40 years$874$550$335$198$115$36
41 years$843$524$314$183$104$32
42 years$814$499$295$169$95$28
43 years$786$475$276$156$86$24
44 years$759$453$260$144$78$21
45 years$734$432$244$133$71$19
46 years$710$412$229$123$64$16
47 years$687$393$215$113$58$14
48 years$665$376$202$105$53$13
49 years$644$359$190$97$48$11
50 years$624$343$179$90$44$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $639,000, adding $6,973 every year, while hoping to spend $52,193 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: 41/43/16 Blend
66$639,000$639,000$639,000$639,000
67$711,371$677,504$667,599$736,916
68$728,398$655,168$634,431$733,331
69$745,412$629,989$598,402$723,823
70$762,357$601,772$559,362$712,418
71$779,170$570,311$517,153$698,971
72$795,777$535,389$471,609$683,322
73$812,099$496,775$422,560$665,303
74$828,042$454,226$369,825$644,733
75$843,504$407,485$313,217$621,419
76$858,371$356,281$252,538$595,154
77$872,511$300,325$187,585$565,715
78$885,782$239,316$118,144$532,867
79$898,020$172,931$43,990$496,353
80$909,047$100,833$0$455,902
81$918,660$22,665$0$417,222
82$926,636$0$0$382,403
83$932,725$0$0$372,950
84$936,650$0$0$373,196
85$938,102$0$0$372,277
86$936,738$0$0$370,036
87$932,177$0$0$366,300
88$923,999$0$0$360,876
89$911,733$0$0$353,551
90$894,861$0$0$344,088
91$872,808$0$0$332,227
92$844,935$0$0$317,676
93$810,536$0$0$300,116
94$768,831$0$0$279,190
95$718,954$0$0$254,507
96$659,947$0$0$225,632
97$590,754$0$0$192,083
98$510,203$0$0$153,332
99$417,000$0$0$108,789
100$309,715$0$0$57,808