Can I retire at age 67 with 661,000?

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 $661,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.6%
1 years$54,585$54,099$53,624$53,161$52,709$51,708
2 years$27,022$26,519$26,031$25,558$25,100$24,095
3 years$17,836$17,330$16,844$16,375$15,924$14,948
4 years$13,244$12,740$12,258$11,798$11,357$10,416
5 years$10,489$9,988$9,513$9,062$8,634$7,730
6 years$8,653$8,156$7,688$7,247$6,831$5,967
7 years$7,342$6,849$6,389$5,958$5,556$4,730
8 years$6,360$5,871$5,418$4,998$4,609$3,823
9 years$5,596$5,112$4,666$4,257$3,882$3,133
10 years$4,985$4,506$4,068$3,670$3,307$2,597
11 years$4,486$4,011$3,582$3,194$2,844$2,171
12 years$4,070$3,600$3,179$2,801$2,465$1,827
13 years$3,718$3,254$2,840$2,473$2,149$1,547
14 years$3,417$2,958$2,552$2,195$1,884$1,315
15 years$3,156$2,702$2,304$1,958$1,659$1,123
16 years$2,928$2,479$2,089$1,753$1,466$962
17 years$2,728$2,283$1,901$1,575$1,300$826
18 years$2,549$2,109$1,735$1,420$1,156$711
19 years$2,390$1,955$1,588$1,283$1,030$613
20 years$2,247$1,817$1,458$1,162$920$529
21 years$2,117$1,692$1,341$1,054$824$458
22 years$2,000$1,580$1,236$959$738$396
23 years$1,892$1,477$1,141$873$663$344
24 years$1,794$1,384$1,055$796$596$298
25 years$1,704$1,299$977$727$536$259
26 years$1,621$1,221$906$665$483$225
27 years$1,544$1,149$842$609$435$195
28 years$1,473$1,083$783$558$393$170
29 years$1,407$1,021$728$511$355$148
30 years$1,346$965$678$469$320$129
31 years$1,288$912$632$431$290$112
32 years$1,234$863$590$396$262$98
33 years$1,184$817$551$364$237$85
34 years$1,136$774$515$335$215$74
35 years$1,092$735$481$309$194$65
36 years$1,050$697$450$284$176$56
37 years$1,010$662$421$262$160$49
38 years$973$629$395$241$145$43
39 years$937$598$370$222$131$37
40 years$904$569$346$205$119$33
41 years$872$542$325$189$108$28
42 years$842$516$305$175$98$25
43 years$813$492$286$161$89$22
44 years$785$469$268$149$81$19
45 years$759$447$252$138$73$16
46 years$734$426$237$127$67$14
47 years$711$407$222$117$60$13
48 years$688$388$209$108$55$11
49 years$666$371$196$100$50$10
50 years$645$354$185$93$45$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $661,000, adding $3,538 every year, while hoping to spend $43,971 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: 26/48/26 Blend
66$661,000$661,000$661,000$661,000
67$732,071$697,038$686,793$745,060
68$759,958$684,409$663,016$743,264
69$789,215$669,686$636,968$737,321
70$819,936$652,722$608,528$730,029
71$852,223$633,359$577,567$721,302
72$886,186$611,429$543,951$711,054
73$921,944$586,757$507,541$699,190
74$959,629$559,154$468,190$685,617
75$999,383$528,424$425,746$670,233
76$1,041,360$494,358$380,049$652,935
77$1,085,731$456,733$330,933$633,616
78$1,132,679$415,316$278,222$612,164
79$1,182,406$369,860$221,737$588,464
80$1,235,132$320,105$161,286$562,396
81$1,291,099$265,772$96,672$533,837
82$1,350,568$206,573$27,687$502,661
83$1,413,828$142,197$0$468,736
84$1,481,194$72,320$0$444,672
85$1,553,011$0$0$426,614
86$1,629,656$0$0$408,594
87$1,711,543$0$0$430,218
88$1,799,127$0$0$453,417
89$1,892,903$0$0$478,331
90$1,993,419$0$0$505,114
91$2,101,271$0$0$533,935
92$2,217,116$0$0$564,982
93$2,341,675$0$0$598,457
94$2,475,740$0$0$634,586
95$2,620,178$0$0$673,615
96$2,775,945$0$0$715,816
97$2,944,087$0$0$761,487
98$3,125,757$0$0$810,954
99$3,322,221$0$0$864,579
100$3,534,870$0$0$922,757