Can I retire at age 67 with 655,000?

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 $655,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18%
1 years$54,089$53,607$53,137$52,679$52,231$50,538
2 years$26,777$26,278$25,795$25,326$24,872$23,183
3 years$17,674$17,173$16,691$16,227$15,780$14,147
4 years$13,123$12,624$12,147$11,690$11,254$9,690
5 years$10,394$9,897$9,426$8,979$8,555$7,064
6 years$8,575$8,082$7,618$7,181$6,769$5,353
7 years$7,276$6,787$6,331$5,904$5,505$4,162
8 years$6,302$5,818$5,369$4,953$4,567$3,297
9 years$5,545$5,066$4,624$4,218$3,846$2,648
10 years$4,940$4,465$4,031$3,636$3,277$2,149
11 years$4,445$3,975$3,549$3,165$2,819$1,758
12 years$4,033$3,568$3,150$2,776$2,442$1,447
13 years$3,684$3,224$2,814$2,451$2,130$1,197
14 years$3,386$2,931$2,529$2,175$1,867$994
15 years$3,128$2,677$2,283$1,940$1,644$829
16 years$2,902$2,456$2,070$1,737$1,453$693
17 years$2,703$2,262$1,883$1,561$1,288$580
18 years$2,526$2,090$1,719$1,407$1,145$487
19 years$2,368$1,937$1,574$1,271$1,021$410
20 years$2,226$1,800$1,445$1,151$912$345
21 years$2,098$1,677$1,329$1,045$816$290
22 years$1,981$1,565$1,225$950$731$245
23 years$1,875$1,464$1,131$865$657$207
24 years$1,778$1,372$1,046$789$590$175
25 years$1,689$1,287$969$721$531$148
26 years$1,606$1,210$898$659$478$125
27 years$1,530$1,139$834$603$431$105
28 years$1,460$1,073$775$553$389$89
29 years$1,394$1,012$722$507$351$75
30 years$1,333$956$672$465$318$64
31 years$1,276$904$627$427$287$54
32 years$1,223$855$585$392$260$46
33 years$1,173$810$546$361$235$39
34 years$1,126$767$510$332$213$33
35 years$1,082$728$477$306$193$28
36 years$1,040$691$446$282$175$24
37 years$1,001$656$418$259$158$20
38 years$964$624$391$239$143$17
39 years$929$593$366$220$130$14
40 years$895$564$343$203$118$12
41 years$864$537$322$188$107$10
42 years$834$511$302$173$97$9
43 years$805$487$283$160$88$7
44 years$778$464$266$148$80$6
45 years$752$443$250$136$73$5
46 years$728$423$235$126$66$4
47 years$704$403$220$116$60$4
48 years$682$385$207$107$54$3
49 years$660$368$195$99$49$3
50 years$640$351$183$92$45$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $655,000, adding $2,390 every year, while hoping to spend $38,943 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: 48/45/7 Blend
66$655,000$655,000$655,000$655,000
67$724,275$689,560$679,408$757,591
68$756,716$681,914$660,733$773,010
69$791,161$672,587$640,127$785,433
70$827,773$661,457$617,485$798,006
71$866,731$648,394$592,695$810,754
72$908,229$633,257$565,643$823,708
73$952,483$615,901$536,207$836,903
74$999,727$596,171$504,260$850,380
75$1,050,218$573,902$469,671$864,188
76$1,104,236$548,919$432,302$878,385
77$1,162,092$521,040$392,008$893,035
78$1,224,124$490,070$348,638$908,217
79$1,290,704$455,802$302,036$924,018
80$1,362,238$418,019$252,037$940,539
81$1,439,176$376,491$198,470$957,896
82$1,522,008$330,975$141,154$976,222
83$1,611,273$281,214$79,904$995,667
84$1,707,566$226,936$14,523$1,016,402
85$1,811,536$167,854$0$1,038,623
86$1,923,900$103,667$0$1,066,675
87$2,045,444$34,053$0$1,098,108
88$2,177,033$0$0$1,132,134
89$2,319,617$0$0$1,189,550
90$2,474,241$0$0$1,270,160
91$2,642,055$0$0$1,357,711
92$2,824,322$0$0$1,452,868
93$3,022,433$0$0$1,556,366
94$3,237,916$0$0$1,669,014
95$3,472,456$0$0$1,791,699
96$3,727,904$0$0$1,925,400
97$4,006,297$0$0$2,071,194
98$4,309,877$0$0$2,230,264
99$4,641,113$0$0$2,403,916
100$5,002,722$0$0$2,593,585