Can I retire at age 67 with 653,000?

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 $653,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.7%
1 years$53,924$53,444$52,975$52,518$52,071$51,700
2 years$26,695$26,198$25,716$25,249$24,796$24,421
3 years$17,620$17,121$16,640$16,177$15,731$15,365
4 years$13,083$12,585$12,110$11,655$11,220$10,865
5 years$10,362$9,867$9,398$8,952$8,529$8,187
6 years$8,548$8,057$7,595$7,159$6,749$6,419
7 years$7,253$6,766$6,311$5,886$5,489$5,172
8 years$6,283$5,800$5,352$4,937$4,553$4,250
9 years$5,528$5,050$4,610$4,206$3,835$3,544
10 years$4,925$4,451$4,019$3,625$3,267$2,989
11 years$4,431$3,963$3,538$3,155$2,810$2,544
12 years$4,021$3,557$3,140$2,767$2,435$2,182
13 years$3,673$3,214$2,806$2,443$2,123$1,882
14 years$3,376$2,922$2,521$2,169$1,861$1,632
15 years$3,118$2,669$2,276$1,934$1,639$1,421
16 years$2,893$2,449$2,063$1,732$1,448$1,241
17 years$2,695$2,255$1,878$1,556$1,284$1,088
18 years$2,518$2,084$1,714$1,402$1,142$956
19 years$2,361$1,931$1,569$1,267$1,018$842
20 years$2,219$1,795$1,440$1,148$909$743
21 years$2,091$1,672$1,325$1,042$814$657
22 years$1,975$1,560$1,221$947$729$581
23 years$1,869$1,459$1,127$862$655$515
24 years$1,773$1,367$1,042$787$588$457
25 years$1,684$1,283$966$718$529$406
26 years$1,602$1,206$896$657$477$361
27 years$1,526$1,135$832$601$430$321
28 years$1,455$1,070$773$551$388$286
29 years$1,390$1,009$719$505$350$255
30 years$1,329$953$670$464$317$227
31 years$1,272$901$625$426$286$202
32 years$1,219$852$583$391$259$181
33 years$1,169$807$544$360$234$161
34 years$1,123$765$508$331$212$144
35 years$1,079$726$475$305$192$129
36 years$1,037$689$445$281$174$115
37 years$998$654$416$259$158$103
38 years$961$622$390$238$143$92
39 years$926$591$365$220$130$82
40 years$893$562$342$203$118$73
41 years$861$535$321$187$107$65
42 years$831$510$301$173$97$59
43 years$803$486$283$159$88$52
44 years$776$463$265$147$80$47
45 years$750$442$249$136$72$42
46 years$725$421$234$126$66$37
47 years$702$402$220$116$60$34
48 years$680$384$206$107$54$30
49 years$658$366$194$99$49$27
50 years$638$350$182$92$45$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $653,000, adding $4,454 every year, while hoping to spend $40,979 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: 51/38/11 Blend
66$653,000$653,000$653,000$653,000
67$724,200$689,591$679,470$758,804
68$754,467$679,780$658,631$773,117
69$786,448$668,114$635,720$783,938
70$820,275$654,460$610,625$794,759
71$856,090$638,676$583,228$805,590
72$894,051$620,611$553,406$816,445
73$934,329$600,106$521,030$827,343
74$977,112$576,992$485,966$838,307
75$1,022,604$551,092$448,073$849,366
76$1,071,030$522,216$407,203$860,552
77$1,122,635$490,164$363,205$871,908
78$1,177,688$454,727$315,917$883,482
79$1,236,484$415,680$265,172$895,331
80$1,299,345$372,788$210,795$907,525
81$1,366,625$325,802$152,603$920,141
82$1,438,713$274,458$90,407$933,270
83$1,516,033$218,478$24,007$947,020
84$1,599,053$157,568$0$961,511
85$1,688,284$91,417$0$982,383
86$1,784,291$19,698$0$1,007,660
87$1,887,690$0$0$1,034,732
88$1,999,160$0$0$1,088,059
89$2,119,446$0$0$1,154,543
90$2,249,367$0$0$1,226,408
91$2,389,822$0$0$1,304,156
92$2,541,801$0$0$1,388,344
93$2,706,391$0$0$1,479,580
94$2,884,786$0$0$1,578,536
95$3,078,302$0$0$1,685,949
96$3,288,384$0$0$1,802,629
97$3,516,620$0$0$1,929,469
98$3,764,761$0$0$2,067,450
99$4,034,729$0$0$2,217,653
100$4,328,643$0$0$2,381,264