Can I retire at age 67 with 647,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $647,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.2%
1 years$53,429$52,953$52,488$52,035$51,593$51,332
2 years$26,450$25,957$25,480$25,017$24,568$24,305
3 years$17,458$16,963$16,487$16,029$15,587$15,330
4 years$12,963$12,470$11,998$11,548$11,117$10,867
5 years$10,267$9,777$9,311$8,870$8,451$8,210
6 years$8,470$7,983$7,525$7,093$6,687$6,455
7 years$7,187$6,704$6,253$5,832$5,438$5,215
8 years$6,225$5,747$5,303$4,892$4,511$4,297
9 years$5,477$5,004$4,568$4,167$3,799$3,594
10 years$4,879$4,410$3,982$3,592$3,237$3,040
11 years$4,391$3,926$3,506$3,126$2,784$2,596
12 years$3,984$3,524$3,111$2,742$2,413$2,233
13 years$3,639$3,185$2,780$2,421$2,104$1,932
14 years$3,345$2,895$2,498$2,149$1,844$1,681
15 years$3,090$2,645$2,255$1,916$1,624$1,468
16 years$2,866$2,426$2,045$1,716$1,435$1,287
17 years$2,670$2,235$1,860$1,542$1,272$1,132
18 years$2,495$2,065$1,698$1,389$1,131$998
19 years$2,339$1,914$1,555$1,255$1,008$882
20 years$2,199$1,778$1,427$1,137$901$781
21 years$2,072$1,656$1,312$1,032$806$693
22 years$1,957$1,546$1,210$938$723$616
23 years$1,852$1,446$1,117$855$649$548
24 years$1,756$1,355$1,033$779$583$488
25 years$1,668$1,271$957$712$525$435
26 years$1,587$1,195$887$651$473$388
27 years$1,512$1,125$824$596$426$347
28 years$1,442$1,060$766$546$384$310
29 years$1,377$1,000$713$501$347$277
30 years$1,317$944$664$459$314$248
31 years$1,261$893$619$422$284$222
32 years$1,208$845$577$388$257$199
33 years$1,159$800$539$357$232$178
34 years$1,112$758$504$328$210$160
35 years$1,069$719$471$302$190$143
36 years$1,028$682$441$278$172$129
37 years$989$648$412$256$156$115
38 years$952$616$386$236$142$104
39 years$917$586$362$218$129$93
40 years$885$557$339$201$117$83
41 years$853$530$318$185$106$75
42 years$824$505$298$171$96$67
43 years$796$481$280$158$87$60
44 years$769$459$263$146$79$54
45 years$743$438$247$135$72$49
46 years$719$417$232$124$65$44
47 years$696$398$218$115$59$39
48 years$673$380$205$106$54$35
49 years$652$363$192$98$49$32
50 years$632$347$181$91$44$29

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $647,000, adding $4,778 every year, while hoping to spend $37,002 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: 76/14/10 Blend
66$647,000$647,000$647,000$647,000
67$717,923$683,632$673,603$770,857
68$751,781$677,760$656,799$800,501
69$787,852$670,360$638,192$827,811
70$826,324$661,318$617,682$856,697
71$867,400$650,514$595,165$887,301
72$911,306$637,820$570,534$919,782
73$958,285$623,099$543,673$954,313
74$1,008,608$606,209$514,464$991,088
75$1,062,570$586,997$482,783$1,030,317
76$1,120,496$565,304$448,500$1,072,237
77$1,182,741$540,958$411,478$1,117,106
78$1,249,695$513,779$371,577$1,165,211
79$1,321,787$483,578$328,649$1,216,866
80$1,399,489$450,152$282,538$1,272,421
81$1,483,317$413,290$233,083$1,332,261
82$1,573,839$372,765$180,115$1,396,812
83$1,671,680$328,340$123,458$1,466,544
84$1,777,526$279,763$62,929$1,541,976
85$1,892,131$226,769$0$1,623,681
86$2,016,325$169,078$0$1,712,469
87$2,151,020$106,392$0$1,816,038
88$2,297,217$38,399$0$1,928,461
89$2,456,021$0$0$2,050,613
90$2,628,645$0$0$2,188,887
91$2,816,422$0$0$2,345,755
92$3,020,822$0$0$2,516,533
93$3,243,459$0$0$2,702,572
94$3,486,114$0$0$2,905,363
95$3,750,741$0$0$3,126,542
96$4,039,495$0$0$3,367,914
97$4,354,747$0$0$3,631,463
98$4,699,105$0$0$3,919,375
99$5,075,444$0$0$4,234,056
100$5,486,926$0$0$4,578,153