Can I retire at age 67 with 657,000?

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 $657,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.4%
1 years$54,254$53,771$53,300$52,839$52,390$51,865
2 years$26,859$26,358$25,874$25,404$24,948$24,418
3 years$17,728$17,226$16,742$16,276$15,828$15,311
4 years$13,163$12,663$12,184$11,726$11,289$10,788
5 years$10,425$9,928$9,455$9,007$8,581$8,099
6 years$8,601$8,107$7,641$7,203$6,790$6,327
7 years$7,298$6,808$6,350$5,922$5,522$5,078
8 years$6,321$5,836$5,385$4,968$4,581$4,156
9 years$5,562$5,081$4,638$4,231$3,858$3,451
10 years$4,955$4,479$4,044$3,647$3,287$2,899
11 years$4,459$3,987$3,560$3,174$2,827$2,457
12 years$4,045$3,579$3,159$2,784$2,450$2,097
13 years$3,696$3,234$2,823$2,458$2,136$1,801
14 years$3,396$2,940$2,536$2,182$1,873$1,554
15 years$3,137$2,685$2,290$1,946$1,649$1,347
16 years$2,911$2,464$2,076$1,742$1,457$1,171
17 years$2,711$2,269$1,889$1,566$1,292$1,022
18 years$2,534$2,097$1,725$1,411$1,149$893
19 years$2,375$1,943$1,579$1,275$1,024$783
20 years$2,233$1,806$1,449$1,155$915$687
21 years$2,104$1,682$1,333$1,048$819$604
22 years$1,987$1,570$1,228$953$734$532
23 years$1,881$1,468$1,134$868$659$469
24 years$1,783$1,376$1,049$791$592$414
25 years$1,694$1,291$971$723$533$366
26 years$1,611$1,213$901$661$480$323
27 years$1,535$1,142$837$605$433$286
28 years$1,464$1,076$778$554$390$253
29 years$1,399$1,015$724$508$352$224
30 years$1,337$959$674$466$318$199
31 years$1,280$906$629$428$288$176
32 years$1,227$858$586$394$260$156
33 years$1,177$812$548$362$236$139
34 years$1,130$770$512$333$213$123
35 years$1,085$730$478$307$193$109
36 years$1,043$693$447$282$175$97
37 years$1,004$658$419$260$159$86
38 years$967$625$392$240$144$77
39 years$932$595$367$221$131$68
40 years$898$566$344$204$118$60
41 years$867$539$323$188$107$54
42 years$836$513$303$174$97$48
43 years$808$489$284$160$88$42
44 years$781$466$267$148$80$38
45 years$755$444$251$137$73$34
46 years$730$424$235$126$66$30
47 years$706$404$221$117$60$27
48 years$684$386$208$108$55$24
49 years$662$369$195$100$50$21
50 years$641$352$184$92$45$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $657,000, adding $3,755 every year, while hoping to spend $44,215 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: 42/31/27 Blend
66$657,000$657,000$657,000$657,000
67$727,887$693,066$682,883$752,569
68$755,087$679,982$658,715$757,575
69$783,580$664,775$632,256$758,533
70$813,450$647,294$603,381$758,719
71$844,791$627,380$571,963$758,087
72$877,701$604,863$537,866$756,592
73$912,291$579,566$500,948$754,186
74$948,679$551,299$461,064$750,822
75$986,993$519,861$418,059$746,451
76$1,027,374$485,042$371,771$741,025
77$1,069,974$446,618$322,034$734,496
78$1,114,961$404,351$268,672$726,814
79$1,162,516$357,993$211,501$717,931
80$1,212,837$307,279$150,331$707,801
81$1,266,140$251,930$84,961$696,376
82$1,322,663$191,651$15,184$683,612
83$1,382,663$126,131$0$669,468
84$1,446,424$55,040$0$670,983
85$1,514,255$0$0$676,819
86$1,586,493$0$0$690,129
87$1,663,510$0$0$724,385
88$1,745,711$0$0$760,996
89$1,833,541$0$0$800,167
90$1,927,488$0$0$842,123
91$2,028,085$0$0$887,108
92$2,135,919$0$0$935,394
93$2,251,633$0$0$987,275
94$2,375,932$0$0$1,043,077
95$2,509,590$0$0$1,103,156
96$2,653,457$0$0$1,167,905
97$2,808,468$0$0$1,237,753
98$2,975,647$0$0$1,313,173
99$3,156,121$0$0$1,394,686
100$3,351,127$0$0$1,482,860