Can I retire at age 67 with 640,000?

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 $640,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.7%
1 years$52,851$52,380$51,921$51,472$51,034$50,460
2 years$26,164$25,676$25,204$24,746$24,302$23,723
3 years$17,269$16,780$16,309$15,855$15,418$14,854
4 years$12,823$12,335$11,869$11,423$10,996$10,450
5 years$10,156$9,671$9,211$8,774$8,359$7,833
6 years$8,378$7,897$7,443$7,016$6,614$6,109
7 years$7,109$6,632$6,186$5,769$5,379$4,895
8 years$6,158$5,685$5,246$4,839$4,463$3,999
9 years$5,418$4,950$4,518$4,122$3,758$3,315
10 years$4,827$4,363$3,939$3,553$3,202$2,780
11 years$4,343$3,884$3,468$3,092$2,754$2,351
12 years$3,941$3,486$3,078$2,712$2,387$2,004
13 years$3,600$3,150$2,750$2,395$2,081$1,717
14 years$3,309$2,864$2,471$2,126$1,824$1,479
15 years$3,056$2,616$2,231$1,896$1,606$1,279
16 years$2,835$2,400$2,022$1,697$1,420$1,110
17 years$2,641$2,210$1,840$1,525$1,259$966
18 years$2,468$2,042$1,680$1,374$1,119$843
19 years$2,314$1,893$1,538$1,242$998$737
20 years$2,175$1,759$1,411$1,125$891$646
21 years$2,050$1,638$1,298$1,021$797$566
22 years$1,936$1,529$1,197$928$715$498
23 years$1,832$1,430$1,105$845$642$438
24 years$1,737$1,340$1,022$771$577$385
25 years$1,650$1,258$946$704$519$340
26 years$1,570$1,182$878$644$467$300
27 years$1,495$1,112$815$589$421$264
28 years$1,426$1,048$758$540$380$234
29 years$1,362$989$705$495$343$206
30 years$1,303$934$657$454$310$182
31 years$1,247$883$612$417$280$161
32 years$1,195$835$571$384$254$143
33 years$1,146$791$533$353$230$126
34 years$1,100$750$498$324$208$112
35 years$1,057$711$466$299$188$99
36 years$1,016$675$436$275$171$88
37 years$978$641$408$253$155$78
38 years$942$609$382$234$140$69
39 years$908$579$358$215$127$61
40 years$875$551$335$199$115$54
41 years$844$525$315$183$105$48
42 years$815$500$295$169$95$43
43 years$787$476$277$156$86$38
44 years$760$454$260$144$78$33
45 years$735$433$244$133$71$30
46 years$711$413$229$123$64$26
47 years$688$394$215$114$59$23
48 years$666$376$202$105$53$21
49 years$645$359$190$97$48$18
50 years$625$343$179$90$44$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $640,000, adding $2,880 every year, while hoping to spend $26,515 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: 54/31/15 Blend
66$640,000$640,000$640,000$640,000
67$708,251$674,331$664,411$743,528
68$752,281$679,161$658,457$772,725
69$799,913$683,340$651,415$801,404
70$851,487$686,806$643,220$832,021
71$907,376$689,497$633,805$864,766
72$967,990$691,344$623,100$899,851
73$1,033,781$692,276$611,030$937,509
74$1,105,245$692,216$597,517$978,000
75$1,182,928$691,083$582,482$1,021,608
76$1,267,430$688,789$565,839$1,068,651
77$1,359,413$685,245$547,499$1,119,478
78$1,459,603$680,352$527,370$1,174,476
79$1,568,801$674,007$505,355$1,234,073
80$1,687,887$666,102$481,353$1,298,741
81$1,817,830$656,520$455,257$1,369,003
82$1,959,697$645,138$426,957$1,445,437
83$2,114,664$631,827$396,337$1,528,682
84$2,284,021$616,448$363,277$1,619,444
85$2,469,194$598,856$327,649$1,718,503
86$2,671,748$578,897$289,322$1,826,720
87$2,893,410$556,407$248,157$1,945,048
88$3,136,079$531,212$204,012$2,074,540
89$3,401,849$503,131$156,736$2,216,357
90$3,693,022$471,969$106,171$2,371,785
91$4,012,137$437,522$52,155$2,542,240
92$4,361,988$399,573$0$2,729,290
93$4,745,653$357,895$0$2,935,543
94$5,166,522$312,244$0$3,170,995
95$5,628,329$262,366$0$3,429,429
96$6,135,188$207,992$0$3,713,204
97$6,691,629$148,835$0$4,024,925
98$7,302,642$84,594$0$4,367,462
99$7,973,725$14,953$0$4,743,984
100$8,710,934$0$0$5,157,985