Can I retire at age 67 with 660,000?

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 $660,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.6%
1 years$54,502$54,017$53,543$53,081$52,629$52,058
2 years$26,981$26,479$25,992$25,520$25,062$24,486
3 years$17,809$17,304$16,818$16,351$15,900$15,339
4 years$13,224$12,720$12,239$11,780$11,340$10,797
5 years$10,473$9,973$9,498$9,048$8,621$8,097
6 years$8,640$8,144$7,676$7,236$6,821$6,318
7 years$7,331$6,839$6,379$5,949$5,547$5,065
8 years$6,350$5,862$5,410$4,990$4,602$4,141
9 years$5,587$5,104$4,659$4,251$3,876$3,435
10 years$4,977$4,499$4,062$3,664$3,302$2,882
11 years$4,479$4,005$3,576$3,189$2,840$2,439
12 years$4,064$3,595$3,174$2,797$2,461$2,080
13 years$3,713$3,249$2,836$2,469$2,146$1,784
14 years$3,412$2,953$2,548$2,192$1,881$1,537
15 years$3,152$2,698$2,300$1,955$1,656$1,330
16 years$2,924$2,475$2,086$1,750$1,464$1,155
17 years$2,723$2,279$1,898$1,573$1,298$1,006
18 years$2,545$2,106$1,732$1,417$1,154$879
19 years$2,386$1,952$1,586$1,281$1,029$769
20 years$2,243$1,814$1,456$1,160$919$674
21 years$2,114$1,690$1,339$1,053$822$592
22 years$1,996$1,577$1,234$957$737$520
23 years$1,889$1,475$1,139$872$662$458
24 years$1,792$1,382$1,054$795$595$404
25 years$1,702$1,297$976$726$535$356
26 years$1,619$1,219$905$664$482$314
27 years$1,542$1,147$840$608$435$278
28 years$1,471$1,081$781$557$392$245
29 years$1,405$1,020$727$511$354$217
30 years$1,343$963$677$469$320$192
31 years$1,286$910$631$430$289$170
32 years$1,232$861$589$395$262$150
33 years$1,182$816$550$364$237$133
34 years$1,135$773$514$335$214$118
35 years$1,090$733$480$308$194$105
36 years$1,048$696$449$284$176$93
37 years$1,009$661$421$261$159$82
38 years$971$628$394$241$145$73
39 years$936$597$369$222$131$65
40 years$902$568$346$205$119$57
41 years$871$541$324$189$108$51
42 years$840$515$304$174$98$45
43 years$812$491$286$161$89$40
44 years$784$468$268$149$81$36
45 years$758$446$252$137$73$32
46 years$733$426$236$127$66$28
47 years$710$406$222$117$60$25
48 years$687$388$209$108$55$22
49 years$665$370$196$100$50$20
50 years$644$354$184$93$45$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $660,000, adding $4,133 every year, while hoping to spend $35,772 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: 46/41/13 Blend
66$660,000$660,000$660,000$660,000
67$731,583$696,603$686,373$762,370
68$768,144$692,676$671,306$780,210
69$807,234$687,357$654,534$795,570
70$849,075$680,540$635,964$811,442
71$893,909$672,114$615,497$827,886
72$941,999$661,960$593,028$844,972
73$993,637$649,950$568,449$862,778
74$1,049,143$635,952$541,646$881,393
75$1,108,866$619,824$512,502$900,918
76$1,173,191$601,417$480,891$921,468
77$1,242,540$580,570$446,685$943,171
78$1,317,379$557,117$409,748$966,172
79$1,398,216$530,880$369,939$990,634
80$1,485,612$501,671$327,110$1,016,740
81$1,580,182$469,292$281,107$1,044,697
82$1,682,605$433,531$231,768$1,074,736
83$1,793,624$394,168$178,926$1,107,116
84$1,914,058$350,966$122,404$1,142,128
85$2,044,807$303,678$62,019$1,180,097
86$2,186,861$252,042$0$1,221,387
87$2,341,310$195,781$0$1,266,738
88$2,509,350$134,601$0$1,325,473
89$2,692,302$68,195$0$1,389,513
90$2,891,615$0$0$1,459,455
91$3,108,886$0$0$1,537,657
92$3,345,872$0$0$1,656,584
93$3,604,507$0$0$1,786,446
94$3,886,919$0$0$1,928,323
95$4,195,452$0$0$2,083,401
96$4,532,685$0$0$2,252,985
97$4,901,459$0$0$2,438,515
98$5,304,901$0$0$2,641,575
99$5,746,454$0$0$2,863,908
100$6,229,910$0$0$3,107,435