Can I retire at age 67 with 652,000?

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 $652,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12%
1 years$53,842$53,362$52,894$52,437$51,991$51,556
2 years$26,654$26,158$25,677$25,210$24,758$24,319
3 years$17,593$17,094$16,615$16,152$15,707$15,279
4 years$13,063$12,566$12,091$11,637$11,203$10,787
5 years$10,346$9,852$9,383$8,938$8,516$8,115
6 years$8,535$8,045$7,583$7,148$6,738$6,353
7 years$7,242$6,756$6,302$5,877$5,480$5,110
8 years$6,273$5,791$5,344$4,930$4,546$4,192
9 years$5,520$5,042$4,603$4,199$3,829$3,489
10 years$4,917$4,445$4,013$3,620$3,262$2,938
11 years$4,425$3,957$3,533$3,150$2,806$2,496
12 years$4,014$3,551$3,135$2,763$2,431$2,136
13 years$3,668$3,209$2,801$2,439$2,120$1,839
14 years$3,371$2,917$2,517$2,165$1,858$1,592
15 years$3,113$2,665$2,272$1,931$1,636$1,383
16 years$2,889$2,445$2,060$1,729$1,446$1,206
17 years$2,690$2,252$1,875$1,554$1,282$1,055
18 years$2,515$2,081$1,711$1,400$1,140$925
19 years$2,357$1,928$1,567$1,265$1,016$813
20 years$2,216$1,792$1,438$1,146$908$716
21 years$2,088$1,669$1,323$1,040$812$631
22 years$1,972$1,558$1,219$946$728$557
23 years$1,867$1,457$1,126$861$654$493
24 years$1,770$1,365$1,041$785$587$436
25 years$1,681$1,281$964$717$529$387
26 years$1,599$1,204$894$656$476$343
27 years$1,523$1,133$830$600$429$304
28 years$1,453$1,068$772$550$387$270
29 years$1,388$1,007$718$504$350$240
30 years$1,327$951$669$463$316$214
31 years$1,270$899$624$425$286$190
32 years$1,217$851$582$391$258$169
33 years$1,168$806$543$359$234$151
34 years$1,121$764$508$331$212$134
35 years$1,077$725$475$304$192$119
36 years$1,036$688$444$280$174$106
37 years$996$653$416$258$158$95
38 years$959$621$389$238$143$85
39 years$925$590$365$219$130$75
40 years$891$562$342$202$117$67
41 years$860$535$320$187$107$60
42 years$830$509$301$172$97$53
43 years$802$485$282$159$88$48
44 years$775$462$265$147$80$43
45 years$749$441$249$136$72$38
46 years$724$421$234$125$66$34
47 years$701$401$219$116$60$30
48 years$679$383$206$107$54$27
49 years$657$366$194$99$49$24
50 years$637$350$182$91$45$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $652,000, adding $3,902 every year, while hoping to spend $43,642 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: 83/5/12 Blend
66$652,000$652,000$652,000$652,000
67$722,529$687,973$677,867$780,655
68$749,792$675,249$654,141$806,580
69$778,373$660,439$628,157$828,856
70$808,361$643,394$599,794$852,011
71$839,852$623,958$568,925$876,108
72$872,949$601,964$535,416$901,217
73$907,766$577,236$499,128$927,416
74$944,426$549,589$459,918$954,791
75$983,064$518,825$417,631$983,434
76$1,023,826$484,737$372,111$1,013,449
77$1,066,870$447,103$323,191$1,044,950
78$1,112,372$405,692$270,699$1,078,063
79$1,160,520$360,257$214,453$1,112,925
80$1,211,522$310,539$154,266$1,149,690
81$1,265,604$256,262$89,941$1,188,525
82$1,323,013$197,136$21,272$1,229,617
83$1,384,020$132,856$0$1,273,170
84$1,448,920$63,096$0$1,326,070
85$1,518,038$0$0$1,385,247
86$1,591,728$0$0$1,448,965
87$1,670,378$0$0$1,520,684
88$1,754,413$0$0$1,597,323
89$1,844,301$0$0$1,679,307
90$1,940,551$0$0$1,767,104
91$2,043,725$0$0$1,861,226
92$2,154,437$0$0$1,962,236
93$2,273,364$0$0$2,070,750
94$2,401,245$0$0$2,187,447
95$2,538,893$0$0$2,313,069
96$2,687,202$0$0$2,448,433
97$2,847,154$0$0$2,594,437
98$3,019,824$0$0$2,752,065
99$3,206,399$0$0$2,922,400
100$3,408,178$0$0$3,106,633