Can I retire at age 67 with 649,000?

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 $649,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.8%
1 years$53,594$53,116$52,651$52,196$51,752$49,916
2 years$26,532$26,037$25,559$25,094$24,644$22,814
3 years$17,512$17,016$16,538$16,078$15,635$13,868
4 years$13,003$12,508$12,035$11,583$11,151$9,461
5 years$10,299$9,807$9,340$8,897$8,477$6,868
6 years$8,496$8,008$7,548$7,115$6,707$5,181
7 years$7,209$6,725$6,273$5,850$5,455$4,011
8 years$6,244$5,765$5,320$4,907$4,525$3,162
9 years$5,494$5,019$4,582$4,180$3,811$2,527
10 years$4,895$4,424$3,994$3,603$3,247$2,040
11 years$4,404$3,939$3,517$3,136$2,793$1,660
12 years$3,996$3,535$3,121$2,750$2,420$1,359
13 years$3,651$3,195$2,788$2,428$2,110$1,119
14 years$3,355$2,904$2,505$2,156$1,850$924
15 years$3,099$2,653$2,262$1,922$1,629$766
16 years$2,875$2,434$2,051$1,721$1,440$637
17 years$2,678$2,241$1,866$1,547$1,276$530
18 years$2,503$2,071$1,704$1,394$1,135$442
19 years$2,346$1,920$1,560$1,259$1,012$370
20 years$2,206$1,784$1,431$1,141$904$309
21 years$2,079$1,661$1,317$1,035$809$259
22 years$1,963$1,551$1,213$941$725$217
23 years$1,858$1,451$1,120$857$651$182
24 years$1,762$1,359$1,036$782$585$153
25 years$1,673$1,275$960$714$526$128
26 years$1,592$1,199$890$653$474$108
27 years$1,516$1,128$826$598$427$90
28 years$1,446$1,063$768$547$386$76
29 years$1,382$1,003$715$502$348$64
30 years$1,321$947$666$461$315$54
31 years$1,265$895$621$423$284$45
32 years$1,212$847$579$389$257$38
33 years$1,162$802$541$358$233$32
34 years$1,116$760$505$329$211$27
35 years$1,072$721$472$303$191$23
36 years$1,031$685$442$279$173$19
37 years$992$650$414$257$157$16
38 years$955$618$387$237$142$13
39 years$920$588$363$218$129$11
40 years$887$559$340$201$117$10
41 years$856$532$319$186$106$8
42 years$826$507$299$172$96$7
43 years$798$483$281$158$87$6
44 years$771$460$264$146$79$5
45 years$745$439$247$135$72$4
46 years$721$419$232$125$65$3
47 years$698$400$218$115$59$3
48 years$675$381$205$106$54$2
49 years$654$364$193$98$49$2
50 years$634$348$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 $649,000, adding $5,857 every year, while hoping to spend $50,876 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: 63/26/11 Blend
66$649,000$649,000$649,000$649,000
67$721,239$686,842$676,783$764,510
68$740,674$666,366$645,324$773,696
69$760,386$643,181$611,105$777,306
70$780,350$617,101$573,981$779,974
71$800,536$587,929$533,800$781,610
72$820,909$555,457$490,401$782,115
73$841,430$519,462$443,618$781,382
74$862,053$479,713$393,276$779,296
75$882,726$435,962$339,194$775,733
76$903,388$387,949$281,181$770,559
77$923,973$335,398$219,040$763,629
78$944,404$278,017$152,563$754,788
79$964,593$215,500$81,534$743,866
80$984,443$147,521$5,727$730,682
81$1,003,843$73,738$0$715,039
82$1,022,671$0$0$705,547
83$1,040,787$0$0$696,223
84$1,058,036$0$0$707,368
85$1,074,243$0$0$717,764
86$1,089,214$0$0$727,274
87$1,102,733$0$0$735,749
88$1,114,556$0$0$743,017
89$1,124,415$0$0$748,893
90$1,132,009$0$0$753,165
91$1,137,004$0$0$755,602
92$1,139,029$0$0$755,943
93$1,137,671$0$0$753,903
94$1,132,472$0$0$749,161
95$1,122,923$0$0$741,365
96$1,108,461$0$0$730,120
97$1,088,461$0$0$714,992
98$1,062,229$0$0$695,499
99$1,028,998$0$0$671,106
100$987,917$0$0$641,221