Can I retire at age 67 with 651,000?

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 $651,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.8%
1 years$53,759$53,280$52,813$52,357$51,912$50,473
2 years$26,613$26,118$25,637$25,172$24,720$23,281
3 years$17,566$17,068$16,589$16,128$15,683$14,289
4 years$13,043$12,547$12,073$11,619$11,185$9,847
5 years$10,330$9,837$9,369$8,925$8,503$7,224
6 years$8,522$8,033$7,571$7,137$6,728$5,510
7 years$7,231$6,746$6,292$5,868$5,472$4,314
8 years$6,263$5,782$5,336$4,922$4,539$3,442
9 years$5,511$5,035$4,596$4,193$3,823$2,784
10 years$4,910$4,438$4,007$3,614$3,257$2,276
11 years$4,418$3,951$3,528$3,145$2,801$1,876
12 years$4,008$3,546$3,131$2,759$2,428$1,557
13 years$3,662$3,204$2,797$2,436$2,117$1,299
14 years$3,365$2,913$2,513$2,162$1,856$1,088
15 years$3,109$2,661$2,269$1,928$1,634$915
16 years$2,884$2,441$2,057$1,727$1,444$771
17 years$2,686$2,248$1,872$1,551$1,280$652
18 years$2,511$2,078$1,709$1,398$1,138$552
19 years$2,354$1,925$1,564$1,263$1,015$468
20 years$2,213$1,789$1,436$1,144$906$398
21 years$2,085$1,667$1,321$1,038$811$338
22 years$1,969$1,556$1,217$944$727$288
23 years$1,864$1,455$1,124$860$653$245
24 years$1,767$1,363$1,039$784$587$209
25 years$1,678$1,279$963$716$528$178
26 years$1,597$1,202$893$655$475$152
27 years$1,521$1,132$829$599$429$130
28 years$1,451$1,066$771$549$387$111
29 years$1,386$1,006$717$504$349$95
30 years$1,325$950$668$462$316$81
31 years$1,269$898$623$424$285$69
32 years$1,216$850$581$390$258$59
33 years$1,166$805$543$359$234$51
34 years$1,119$763$507$330$211$43
35 years$1,075$723$474$304$192$37
36 years$1,034$687$443$280$174$32
37 years$995$652$415$258$157$27
38 years$958$620$389$238$143$23
39 years$923$589$364$219$129$20
40 years$890$561$341$202$117$17
41 years$859$534$320$186$106$15
42 years$829$508$300$172$97$12
43 years$800$484$282$159$88$11
44 years$773$462$264$147$80$9
45 years$748$440$248$135$72$8
46 years$723$420$233$125$66$7
47 years$700$401$219$116$60$6
48 years$677$383$206$107$54$5
49 years$656$365$193$99$49$4
50 years$636$349$182$91$45$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $651,000, adding $2,875 every year, while hoping to spend $38,741 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: 70/10/20 Blend
66$651,000$651,000$651,000$651,000
67$720,368$685,865$675,774$767,075
68$752,625$678,252$657,192$790,986
69$786,874$668,968$636,690$812,302
70$823,277$657,889$614,161$834,676
71$862,012$644,886$589,496$858,209
72$903,273$629,821$562,580$883,011
73$947,273$612,548$533,292$909,209
74$994,244$592,912$501,506$936,938
75$1,044,442$570,750$467,092$966,353
76$1,098,147$545,889$429,912$997,622
77$1,155,666$518,146$389,822$1,030,933
78$1,217,336$487,327$346,673$1,066,496
79$1,283,525$453,227$300,307$1,104,540
80$1,354,639$415,629$250,562$1,145,323
81$1,431,123$374,306$197,267$1,189,128
82$1,513,465$329,015$140,243$1,236,270
83$1,602,202$279,499$79,304$1,287,098
84$1,697,922$225,490$14,256$1,341,997
85$1,801,273$166,702$0$1,401,396
86$1,912,966$102,834$0$1,477,538
87$2,033,782$33,566$0$1,563,189
88$2,164,581$0$0$1,655,930
89$2,306,307$0$0$1,761,012
90$2,459,999$0$0$1,879,000
91$2,626,798$0$0$2,007,082
92$2,807,962$0$0$2,146,226
93$3,004,870$0$0$2,297,496
94$3,219,044$0$0$2,462,066
95$3,452,155$0$0$2,641,223
96$3,706,044$0$0$2,836,387
97$3,982,736$0$0$3,049,120
98$4,284,458$0$0$3,281,138
99$4,613,664$0$0$3,534,335
100$4,973,052$0$0$3,810,791