Can I retire at age 67 with 656,000?

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 $656,000?

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 years$54,172$53,689$53,219$52,759$52,310$52,090
2 years$26,818$26,318$25,834$25,365$24,910$24,687
3 years$17,701$17,199$16,716$16,252$15,804$15,586
4 years$13,143$12,643$12,165$11,708$11,271$11,060
5 years$10,410$9,913$9,441$8,993$8,568$8,364
6 years$8,588$8,094$7,630$7,192$6,780$6,583
7 years$7,287$6,798$6,340$5,913$5,514$5,324
8 years$6,312$5,827$5,377$4,960$4,574$4,392
9 years$5,553$5,073$4,631$4,225$3,852$3,678
10 years$4,947$4,472$4,038$3,642$3,282$3,115
11 years$4,452$3,981$3,555$3,170$2,823$2,663
12 years$4,039$3,573$3,155$2,780$2,446$2,293
13 years$3,690$3,229$2,818$2,454$2,133$1,987
14 years$3,391$2,935$2,532$2,179$1,870$1,731
15 years$3,133$2,681$2,286$1,943$1,646$1,514
16 years$2,906$2,460$2,073$1,740$1,455$1,329
17 years$2,707$2,266$1,886$1,563$1,290$1,171
18 years$2,530$2,094$1,722$1,409$1,147$1,034
19 years$2,372$1,940$1,576$1,273$1,023$915
20 years$2,230$1,803$1,447$1,153$913$811
21 years$2,101$1,679$1,331$1,046$817$721
22 years$1,984$1,568$1,226$951$733$641
23 years$1,878$1,466$1,132$866$658$571
24 years$1,781$1,374$1,047$790$591$510
25 years$1,691$1,289$970$722$532$455
26 years$1,609$1,212$900$660$479$407
27 years$1,533$1,140$835$604$432$364
28 years$1,462$1,074$777$553$390$326
29 years$1,396$1,014$723$507$352$292
30 years$1,335$957$673$466$318$262
31 years$1,278$905$628$428$288$235
32 years$1,225$856$586$393$260$211
33 years$1,175$811$547$361$235$189
34 years$1,128$769$511$333$213$170
35 years$1,084$729$478$306$193$152
36 years$1,042$692$447$282$175$137
37 years$1,003$657$418$260$158$123
38 years$965$625$392$239$144$111
39 years$930$594$367$221$130$100
40 years$897$565$344$204$118$90
41 years$865$538$322$188$107$81
42 years$835$512$302$173$97$72
43 years$807$488$284$160$88$65
44 years$779$465$266$148$80$59
45 years$754$444$250$137$73$53
46 years$729$423$235$126$66$48
47 years$705$404$221$116$60$43
48 years$683$386$207$108$54$39
49 years$661$368$195$99$49$35
50 years$640$352$183$92$45$31

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $656,000, adding $2,605 every year, while hoping to spend $39,869 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: 50/28/22 Blend
66$656,000$656,000$656,000$656,000
67$725,599$690,831$680,663$757,285
68$757,190$682,261$661,045$770,965
69$790,667$671,936$639,433$781,561
70$826,180$659,726$615,720$792,250
71$863,894$645,496$589,790$803,057
72$903,987$629,102$561,524$814,013
73$946,658$610,392$530,800$825,152
74$992,121$589,205$497,485$836,517
75$1,040,612$565,370$461,445$848,156
76$1,092,388$538,707$422,537$860,126
77$1,147,733$509,025$380,614$872,495
78$1,206,957$476,122$335,519$885,337
79$1,270,399$439,785$287,092$898,741
80$1,338,433$399,788$235,163$912,808
81$1,411,468$355,892$179,556$927,654
82$1,489,953$307,846$120,085$943,409
83$1,574,380$255,382$56,560$960,224
84$1,665,291$198,220$0$978,268
85$1,763,280$136,063$0$1,000,372
86$1,869,000$68,595$0$1,038,455
87$1,983,169$0$0$1,079,526
88$2,106,573$0$0$1,125,306
89$2,240,081$0$0$1,197,752
90$2,384,643$0$0$1,276,255
91$2,541,307$0$0$1,361,390
92$2,711,223$0$0$1,453,790
93$2,895,659$0$0$1,554,151
94$3,096,005$0$0$1,663,239
95$3,313,793$0$0$1,781,896
96$3,550,709$0$0$1,911,051
97$3,808,606$0$0$2,051,723
98$4,089,524$0$0$2,205,033
99$4,395,708$0$0$2,372,219
100$4,729,627$0$0$2,554,639