Can I retire at age 67 with 648,000?

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 $648,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.3%
1 years$53,511$53,035$52,570$52,116$51,672$49,938
2 years$26,491$25,997$25,519$25,056$24,606$22,876
3 years$17,485$16,990$16,513$16,053$15,611$13,940
4 years$12,983$12,489$12,017$11,566$11,134$9,534
5 years$10,283$9,792$9,326$8,883$8,464$6,939
6 years$8,483$7,996$7,537$7,104$6,697$5,249
7 years$7,198$6,715$6,263$5,841$5,447$4,075
8 years$6,235$5,756$5,311$4,900$4,518$3,222
9 years$5,486$5,011$4,575$4,173$3,805$2,583
10 years$4,887$4,417$3,988$3,598$3,242$2,092
11 years$4,397$3,932$3,511$3,131$2,788$1,708
12 years$3,990$3,530$3,116$2,746$2,416$1,403
13 years$3,645$3,190$2,784$2,425$2,107$1,159
14 years$3,350$2,899$2,502$2,152$1,847$961
15 years$3,094$2,649$2,259$1,919$1,626$799
16 years$2,871$2,430$2,048$1,719$1,437$666
17 years$2,674$2,238$1,863$1,544$1,274$557
18 years$2,499$2,068$1,701$1,392$1,133$466
19 years$2,343$1,917$1,557$1,257$1,010$391
20 years$2,202$1,781$1,429$1,139$902$328
21 years$2,075$1,659$1,314$1,034$807$276
22 years$1,960$1,549$1,211$940$724$232
23 years$1,855$1,448$1,119$856$650$196
24 years$1,759$1,357$1,035$781$584$165
25 years$1,671$1,273$958$713$525$139
26 years$1,589$1,197$889$652$473$117
27 years$1,514$1,126$825$597$427$99
28 years$1,444$1,061$767$547$385$83
29 years$1,379$1,001$714$501$348$70
30 years$1,319$946$665$460$314$59
31 years$1,263$894$620$423$284$50
32 years$1,210$846$578$388$257$42
33 years$1,160$801$540$357$232$36
34 years$1,114$759$505$329$210$30
35 years$1,070$720$472$302$191$26
36 years$1,029$683$441$279$173$22
37 years$990$649$413$257$157$18
38 years$954$617$387$237$142$15
39 years$919$587$362$218$129$13
40 years$886$558$340$201$117$11
41 years$855$531$319$186$106$9
42 years$825$506$299$171$96$8
43 years$797$482$280$158$87$7
44 years$770$460$263$146$79$6
45 years$744$438$247$135$72$5
46 years$720$418$232$125$65$4
47 years$697$399$218$115$59$3
48 years$674$381$205$106$54$3
49 years$653$364$193$98$49$2
50 years$633$347$181$91$44$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $648,000, adding $3,483 every year, while hoping to spend $23,502 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: 76/13/11 Blend
66$648,000$648,000$648,000$648,000
67$717,689$683,345$673,301$770,496
68$765,887$691,823$670,850$814,245
69$818,214$699,928$667,530$858,867
70$875,066$707,619$663,286$907,119
71$936,878$714,848$658,062$959,353
72$1,004,131$721,567$651,799$1,015,959
73$1,077,352$727,723$644,433$1,077,363
74$1,157,121$733,261$635,902$1,144,037
75$1,244,079$738,122$626,135$1,216,502
76$1,338,927$742,242$615,063$1,295,328
77$1,442,440$745,555$602,610$1,381,147
78$1,555,471$747,988$588,699$1,474,653
79$1,678,956$749,467$573,248$1,576,614
80$1,813,929$749,911$556,171$1,687,873
81$1,961,526$749,233$537,380$1,809,360
82$2,123,000$747,343$516,780$1,942,101
83$2,299,728$744,144$494,274$2,087,225
84$2,493,227$739,535$469,759$2,245,980
85$2,705,170$733,406$443,130$2,419,736
86$2,937,397$725,642$414,274$2,610,008
87$3,191,934$716,121$383,075$2,818,463
88$3,471,014$704,714$349,411$3,046,940
89$3,777,095$691,283$313,154$3,297,464
90$4,112,886$675,683$274,172$3,572,269
91$4,481,369$657,760$232,325$3,873,816
92$4,885,830$637,352$187,469$4,204,819
93$5,329,888$614,285$139,453$4,568,267
94$5,817,530$588,378$88,117$4,967,457
95$6,353,147$559,437$33,298$5,406,023
96$6,941,576$527,258$0$5,887,968
97$7,588,149$491,626$0$6,420,665
98$8,298,736$452,311$0$7,010,383
99$9,079,805$409,072$0$7,658,596
100$9,938,483$361,655$0$8,371,236