Can I retire at age 67 with 654,000?

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 $654,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.1%
1 years$54,007$53,526$53,056$52,598$52,151$51,909
2 years$26,736$26,238$25,755$25,288$24,834$24,590
3 years$17,647$17,147$16,666$16,202$15,756$15,517
4 years$13,103$12,605$12,128$11,673$11,237$11,006
5 years$10,378$9,882$9,412$8,966$8,542$8,319
6 years$8,561$8,070$7,606$7,170$6,759$6,544
7 years$7,265$6,777$6,321$5,895$5,497$5,290
8 years$6,292$5,809$5,361$4,945$4,560$4,361
9 years$5,537$5,058$4,617$4,212$3,840$3,649
10 years$4,932$4,458$4,025$3,631$3,272$3,089
11 years$4,438$3,969$3,544$3,160$2,814$2,639
12 years$4,027$3,562$3,145$2,772$2,439$2,272
13 years$3,679$3,219$2,810$2,447$2,127$1,967
14 years$3,381$2,926$2,525$2,172$1,864$1,712
15 years$3,123$2,673$2,279$1,937$1,641$1,497
16 years$2,897$2,453$2,067$1,735$1,451$1,313
17 years$2,699$2,259$1,881$1,558$1,286$1,156
18 years$2,522$2,087$1,717$1,404$1,144$1,020
19 years$2,365$1,934$1,572$1,269$1,019$902
20 years$2,223$1,797$1,442$1,149$911$799
21 years$2,095$1,674$1,327$1,043$815$710
22 years$1,978$1,563$1,223$948$730$631
23 years$1,872$1,462$1,129$864$656$562
24 years$1,775$1,370$1,044$788$589$501
25 years$1,686$1,285$967$719$530$447
26 years$1,604$1,208$897$658$478$399
27 years$1,528$1,137$833$602$431$357
28 years$1,458$1,071$774$552$389$319
29 years$1,392$1,011$720$506$351$286
30 years$1,331$954$671$464$317$256
31 years$1,274$902$626$426$287$229
32 years$1,221$854$584$392$259$206
33 years$1,171$808$545$360$235$184
34 years$1,124$766$509$332$212$165
35 years$1,080$727$476$305$192$148
36 years$1,039$690$445$281$174$133
37 years$999$655$417$259$158$120
38 years$962$623$390$239$143$108
39 years$927$592$366$220$130$97
40 years$894$563$343$203$118$87
41 years$863$536$321$187$107$78
42 years$833$511$302$173$97$70
43 years$804$487$283$160$88$63
44 years$777$464$266$147$80$57
45 years$751$442$249$136$73$51
46 years$727$422$234$126$66$46
47 years$703$403$220$116$60$41
48 years$681$384$207$107$54$37
49 years$659$367$194$99$49$33
50 years$639$351$183$92$45$30

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $654,000, adding $5,599 every year, while hoping to spend $26,528 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: 87/7/6 Blend
66$654,000$654,000$654,000$654,000
67$726,483$691,821$681,684$789,036
68$772,359$697,495$676,295$836,304
69$822,025$702,558$669,836$883,976
70$875,840$706,951$662,244$935,508
71$934,198$710,614$653,451$991,271
72$997,532$713,480$643,389$1,051,671
73$1,066,320$715,481$631,982$1,117,155
74$1,141,087$716,541$619,155$1,188,217
75$1,222,408$716,582$604,827$1,265,398
76$1,310,920$715,521$588,915$1,349,297
77$1,407,320$713,268$571,330$1,440,572
78$1,512,378$709,729$551,981$1,539,946
79$1,626,939$704,804$530,771$1,648,217
80$1,751,935$698,388$507,600$1,766,266
81$1,888,390$690,367$482,362$1,895,059
82$2,037,434$680,622$454,949$2,035,662
83$2,200,307$669,028$425,245$2,189,251
84$2,378,377$655,450$393,130$2,357,120
85$2,573,151$639,745$358,479$2,540,692
86$2,786,285$621,765$321,160$2,741,540
87$3,019,604$601,351$281,038$2,961,392
88$3,275,120$578,333$237,968$3,202,155
89$3,555,045$552,534$191,803$3,465,929
90$3,861,817$523,765$142,386$3,755,027
91$4,198,120$491,828$89,554$4,071,999
92$4,566,913$456,511$33,138$4,419,654
93$4,971,450$417,593$0$4,801,087
94$5,415,319$374,836$0$5,221,441
95$5,902,472$327,994$0$5,685,119
96$6,437,261$276,802$0$6,194,149
97$7,024,479$220,982$0$6,753,107
98$7,669,407$160,242$0$7,367,037
99$8,377,864$94,271$0$8,041,491
100$9,156,258$22,743$0$8,782,591