Can I retire at age 67 with 657,000?

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 $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%16%
1 years$54,254$53,771$53,300$52,839$52,390$51,103
2 years$26,859$26,358$25,874$25,404$24,948$23,659
3 years$17,728$17,226$16,742$16,276$15,828$14,577
4 years$13,163$12,663$12,184$11,726$11,289$10,086
5 years$10,425$9,928$9,455$9,007$8,581$7,431
6 years$8,601$8,107$7,641$7,203$6,790$5,692
7 years$7,298$6,808$6,350$5,922$5,522$4,477
8 years$6,321$5,836$5,385$4,968$4,581$3,589
9 years$5,562$5,081$4,638$4,231$3,858$2,917
10 years$4,955$4,479$4,044$3,647$3,287$2,397
11 years$4,459$3,987$3,560$3,174$2,827$1,986
12 years$4,045$3,579$3,159$2,784$2,450$1,656
13 years$3,696$3,234$2,823$2,458$2,136$1,389
14 years$3,396$2,940$2,536$2,182$1,873$1,170
15 years$3,137$2,685$2,290$1,946$1,649$989
16 years$2,911$2,464$2,076$1,742$1,457$839
17 years$2,711$2,269$1,889$1,566$1,292$713
18 years$2,534$2,097$1,725$1,411$1,149$607
19 years$2,375$1,943$1,579$1,275$1,024$518
20 years$2,233$1,806$1,449$1,155$915$443
21 years$2,104$1,682$1,333$1,048$819$379
22 years$1,987$1,570$1,228$953$734$325
23 years$1,881$1,468$1,134$868$659$278
24 years$1,783$1,376$1,049$791$592$239
25 years$1,694$1,291$971$723$533$205
26 years$1,611$1,213$901$661$480$176
27 years$1,535$1,142$837$605$433$151
28 years$1,464$1,076$778$554$390$130
29 years$1,399$1,015$724$508$352$112
30 years$1,337$959$674$466$318$96
31 years$1,280$906$629$428$288$83
32 years$1,227$858$586$394$260$71
33 years$1,177$812$548$362$236$61
34 years$1,130$770$512$333$213$53
35 years$1,085$730$478$307$193$46
36 years$1,043$693$447$282$175$39
37 years$1,004$658$419$260$159$34
38 years$967$625$392$240$144$29
39 years$932$595$367$221$131$25
40 years$898$566$344$204$118$22
41 years$867$539$323$188$107$19
42 years$836$513$303$174$97$16
43 years$808$489$284$160$88$14
44 years$781$466$267$148$80$12
45 years$755$444$251$137$73$10
46 years$730$424$235$126$66$9
47 years$706$404$221$117$60$8
48 years$684$386$208$108$55$7
49 years$662$369$195$100$50$6
50 years$641$352$184$92$45$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $657,000, adding $3,373 every year, while hoping to spend $34,212 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: 49/29/22 Blend
66$657,000$657,000$657,000$657,000
67$727,493$692,672$682,489$758,478
68$765,296$690,212$668,951$777,918
69$805,809$686,484$653,813$795,300
70$849,270$681,391$636,985$813,478
71$895,945$674,829$618,373$832,540
72$946,122$666,686$597,879$852,589
73$1,000,120$656,847$575,401$873,735
74$1,058,286$645,186$550,831$896,105
75$1,121,003$631,573$524,056$919,841
76$1,188,694$615,868$494,960$945,101
77$1,261,819$597,923$463,420$972,062
78$1,340,887$577,584$429,307$1,000,923
79$1,426,456$554,685$392,487$1,031,902
80$1,519,141$529,051$352,822$1,065,249
81$1,619,616$500,497$310,164$1,101,237
82$1,728,623$468,828$264,361$1,140,173
83$1,846,979$433,836$215,253$1,182,399
84$1,975,582$395,305$162,675$1,228,296
85$2,115,418$353,002$106,452$1,278,287
86$2,267,575$306,684$46,402$1,332,844
87$2,433,248$256,092$0$1,392,491
88$2,613,753$200,954$0$1,461,960
89$2,810,538$140,982$0$1,549,644
90$3,025,195$75,872$0$1,645,405
91$3,259,478$5,304$0$1,750,092
92$3,515,318$0$0$1,864,644
93$3,794,841$0$0$2,012,778
94$4,100,385$0$0$2,176,620
95$4,434,526$0$0$2,355,868
96$4,800,100$0$0$2,552,053
97$5,200,231$0$0$2,766,858
98$5,638,356$0$0$3,002,140
99$6,118,262$0$0$3,259,943
100$6,644,121$0$0$3,542,516