Can I retire at age 67 with 658,000?

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 $658,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.1%
1 years$54,337$53,853$53,381$52,920$52,470$51,368
2 years$26,900$26,399$25,913$25,442$24,986$23,881
3 years$17,755$17,252$16,767$16,301$15,852$14,779
4 years$13,183$12,682$12,202$11,744$11,306$10,272
5 years$10,441$9,943$9,470$9,021$8,594$7,604
6 years$8,614$8,119$7,653$7,214$6,800$5,853
7 years$7,309$6,818$6,360$5,931$5,531$4,627
8 years$6,331$5,845$5,393$4,975$4,588$3,728
9 years$5,570$5,089$4,645$4,238$3,864$3,047
10 years$4,962$4,485$4,050$3,653$3,292$2,518
11 years$4,465$3,993$3,565$3,179$2,831$2,098
12 years$4,051$3,584$3,164$2,789$2,454$1,760
13 years$3,701$3,239$2,827$2,462$2,140$1,485
14 years$3,402$2,944$2,540$2,185$1,876$1,259
15 years$3,142$2,689$2,293$1,949$1,651$1,071
16 years$2,915$2,468$2,079$1,745$1,460$914
17 years$2,715$2,273$1,892$1,568$1,294$782
18 years$2,538$2,100$1,727$1,413$1,151$670
19 years$2,379$1,946$1,581$1,277$1,026$576
20 years$2,236$1,808$1,451$1,156$916$496
21 years$2,107$1,685$1,335$1,050$820$427
22 years$1,990$1,572$1,230$954$735$368
23 years$1,884$1,471$1,136$869$660$318
24 years$1,786$1,378$1,050$793$593$275
25 years$1,696$1,293$973$724$534$238
26 years$1,614$1,215$902$662$481$206
27 years$1,537$1,144$838$606$433$178
28 years$1,467$1,078$779$555$391$154
29 years$1,401$1,017$725$509$353$134
30 years$1,339$960$675$467$319$116
31 years$1,282$908$629$429$288$100
32 years$1,229$859$587$394$261$87
33 years$1,178$813$548$363$236$76
34 years$1,131$771$512$334$214$66
35 years$1,087$731$479$307$194$57
36 years$1,045$694$448$283$175$49
37 years$1,006$659$419$261$159$43
38 years$968$626$393$240$144$37
39 years$933$596$368$221$131$32
40 years$900$567$345$204$119$28
41 years$868$539$323$188$108$24
42 years$838$514$303$174$98$21
43 years$809$490$285$161$89$18
44 years$782$467$267$148$80$16
45 years$756$445$251$137$73$14
46 years$731$424$236$126$66$12
47 years$707$405$221$117$60$10
48 years$685$387$208$108$55$9
49 years$663$369$196$100$50$8
50 years$642$353$184$92$45$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $658,000, adding $6,853 every year, while hoping to spend $43,245 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: 47/28/25 Blend
66$658,000$658,000$658,000$658,000
67$732,185$697,311$687,112$761,079
68$760,855$685,467$664,118$770,227
69$791,001$671,593$638,904$775,352
70$822,726$655,544$611,350$780,056
71$856,145$637,167$581,332$784,319
72$891,383$616,298$548,717$788,125
73$928,573$592,767$513,368$791,457
74$967,865$566,389$475,143$794,302
75$1,009,418$536,974$433,892$796,648
76$1,053,409$504,316$389,458$798,486
77$1,100,030$468,200$341,677$799,810
78$1,149,489$428,399$290,380$800,617
79$1,202,018$384,670$235,388$800,910
80$1,257,865$336,761$176,516$800,695
81$1,317,306$284,401$113,568$799,986
82$1,380,641$227,306$46,342$798,802
83$1,448,199$165,177$0$797,171
84$1,520,340$97,695$0$801,906
85$1,597,458$24,525$0$819,909
86$1,679,987$0$0$838,926
87$1,768,400$0$0$875,941
88$1,863,220$0$0$923,792
89$1,965,015$0$0$975,217
90$2,074,414$0$0$1,030,539
91$2,192,104$0$0$1,090,113
92$2,318,841$0$0$1,154,329
93$2,455,453$0$0$1,223,615
94$2,602,853$0$0$1,298,442
95$2,762,042$0$0$1,379,328
96$2,934,119$0$0$1,466,839
97$3,120,294$0$0$1,561,602
98$3,321,896$0$0$1,664,302
99$3,540,386$0$0$1,775,695
100$3,777,372$0$0$1,896,612