Can I retire at age 67 with 652,000?

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 $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%17.1%
1 years$53,842$53,362$52,894$52,437$51,991$50,489
2 years$26,654$26,158$25,677$25,210$24,758$23,256
3 years$17,593$17,094$16,615$16,152$15,707$14,253
4 years$13,063$12,566$12,091$11,637$11,203$9,808
5 years$10,346$9,852$9,383$8,938$8,516$7,184
6 years$8,535$8,045$7,583$7,148$6,738$5,470
7 years$7,242$6,756$6,302$5,877$5,480$4,276
8 years$6,273$5,791$5,344$4,930$4,546$3,405
9 years$5,520$5,042$4,603$4,199$3,829$2,749
10 years$4,917$4,445$4,013$3,620$3,262$2,244
11 years$4,425$3,957$3,533$3,150$2,806$1,846
12 years$4,014$3,551$3,135$2,763$2,431$1,529
13 years$3,668$3,209$2,801$2,439$2,120$1,273
14 years$3,371$2,917$2,517$2,165$1,858$1,064
15 years$3,113$2,665$2,272$1,931$1,636$892
16 years$2,889$2,445$2,060$1,729$1,446$751
17 years$2,690$2,252$1,875$1,554$1,282$633
18 years$2,515$2,081$1,711$1,400$1,140$535
19 years$2,357$1,928$1,567$1,265$1,016$453
20 years$2,216$1,792$1,438$1,146$908$384
21 years$2,088$1,669$1,323$1,040$812$326
22 years$1,972$1,558$1,219$946$728$276
23 years$1,867$1,457$1,126$861$654$235
24 years$1,770$1,365$1,041$785$587$200
25 years$1,681$1,281$964$717$529$170
26 years$1,599$1,204$894$656$476$145
27 years$1,523$1,133$830$600$429$123
28 years$1,453$1,068$772$550$387$105
29 years$1,388$1,007$718$504$350$90
30 years$1,327$951$669$463$316$76
31 years$1,270$899$624$425$286$65
32 years$1,217$851$582$391$258$56
33 years$1,168$806$543$359$234$47
34 years$1,121$764$508$331$212$40
35 years$1,077$725$475$304$192$35
36 years$1,036$688$444$280$174$29
37 years$996$653$416$258$158$25
38 years$959$621$389$238$143$21
39 years$925$590$365$219$130$18
40 years$891$562$342$202$117$16
41 years$860$535$320$187$107$13
42 years$830$509$301$172$97$11
43 years$802$485$282$159$88$10
44 years$775$462$265$147$80$8
45 years$749$441$249$136$72$7
46 years$724$421$234$125$66$6
47 years$701$401$219$116$60$5
48 years$679$383$206$107$54$4
49 years$657$366$194$99$49$4
50 years$637$350$182$91$45$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $652,000, adding $6,908 every year, while hoping to spend $33,174 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: 79/9/12 Blend
66$652,000$652,000$652,000$652,000
67$725,630$691,074$680,968$780,782
68$764,347$689,639$668,483$816,581
69$805,902$687,023$654,469$850,872
70$850,548$683,131$638,838$887,536
71$898,565$677,866$621,500$926,797
72$950,260$671,123$602,362$968,900
73$1,005,969$662,790$581,323$1,014,115
74$1,066,062$652,751$558,281$1,062,741
75$1,130,945$640,881$533,129$1,115,106
76$1,201,065$627,047$505,752$1,171,572
77$1,276,912$611,111$476,033$1,232,540
78$1,359,025$592,924$443,849$1,298,449
79$1,447,998$572,330$409,070$1,369,784
80$1,544,483$549,162$371,562$1,447,082
81$1,649,195$523,247$331,185$1,530,932
82$1,762,925$494,397$287,791$1,621,985
83$1,886,538$462,418$241,227$1,720,959
84$2,020,990$427,101$191,333$1,828,645
85$2,167,329$388,227$137,941$1,945,916
86$2,326,711$345,565$80,877$2,073,734
87$2,500,407$298,869$19,957$2,213,159
88$2,689,816$247,881$0$2,365,362
89$2,896,477$192,327$0$2,537,402
90$3,122,085$131,918$0$2,728,034
91$3,368,505$66,349$0$2,936,295
92$3,637,791$0$0$3,163,943
93$3,932,203$0$0$3,413,378
94$4,254,232$0$0$3,693,417
95$4,606,617$0$0$3,999,875
96$4,992,376$0$0$4,335,377
97$5,414,834$0$0$4,702,817
98$5,877,649$0$0$5,105,381
99$6,384,852$0$0$5,546,577
100$6,940,882$0$0$6,030,269