Can I retire at age 67 with 662,000?

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 $662,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11%
1 years$54,667$54,180$53,705$53,242$52,789$52,566
2 years$27,063$26,559$26,071$25,597$25,138$24,913
3 years$17,863$17,357$16,869$16,400$15,948$15,729
4 years$13,264$12,759$12,277$11,815$11,374$11,161
5 years$10,505$10,003$9,527$9,075$8,647$8,441
6 years$8,666$8,168$7,699$7,258$6,842$6,643
7 years$7,353$6,860$6,398$5,967$5,564$5,373
8 years$6,369$5,880$5,426$5,005$4,616$4,432
9 years$5,604$5,120$4,674$4,264$3,887$3,711
10 years$4,993$4,513$4,075$3,675$3,312$3,144
11 years$4,492$4,017$3,587$3,199$2,849$2,687
12 years$4,076$3,606$3,183$2,806$2,469$2,314
13 years$3,724$3,259$2,844$2,477$2,153$2,005
14 years$3,422$2,962$2,556$2,199$1,887$1,747
15 years$3,161$2,706$2,307$1,961$1,661$1,528
16 years$2,933$2,483$2,092$1,756$1,468$1,341
17 years$2,732$2,286$1,904$1,578$1,302$1,181
18 years$2,553$2,113$1,738$1,422$1,158$1,043
19 years$2,393$1,958$1,591$1,285$1,032$923
20 years$2,250$1,819$1,460$1,163$922$819
21 years$2,120$1,695$1,343$1,056$825$727
22 years$2,003$1,582$1,238$960$739$647
23 years$1,895$1,480$1,143$874$664$577
24 years$1,797$1,386$1,057$797$597$514
25 years$1,707$1,301$979$728$537$459
26 years$1,624$1,223$908$666$483$411
27 years$1,547$1,151$843$610$436$367
28 years$1,475$1,084$784$558$393$329
29 years$1,409$1,023$729$512$355$295
30 years$1,348$966$679$470$321$264
31 years$1,290$913$633$432$290$237
32 years$1,236$864$591$397$262$213
33 years$1,186$818$552$365$238$191
34 years$1,138$776$515$336$215$171
35 years$1,093$736$482$309$195$154
36 years$1,051$698$451$285$176$138
37 years$1,012$663$422$262$160$124
38 years$974$630$395$242$145$112
39 years$939$599$370$223$131$100
40 years$905$570$347$206$119$90
41 years$873$543$325$190$108$81
42 years$843$517$305$175$98$73
43 years$814$492$286$162$89$66
44 years$787$469$269$149$81$59
45 years$760$448$252$138$73$53
46 years$735$427$237$127$67$48
47 years$712$408$223$118$61$43
48 years$689$389$209$109$55$39
49 years$667$372$197$100$50$35
50 years$646$355$185$93$45$32

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $662,000, adding $2,041 every year, while hoping to spend $26,153 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: 63/27/10 Blend
66$662,000$662,000$662,000$662,000
67$731,629$696,543$686,282$775,980
68$778,429$702,847$681,446$812,176
69$829,126$708,584$675,571$848,462
70$884,089$713,697$668,596$887,421
71$943,726$718,128$660,454$929,314
72$1,008,484$721,815$651,077$974,425
73$1,078,856$724,689$640,394$1,023,072
74$1,155,381$726,681$628,329$1,075,600
75$1,238,656$727,715$614,805$1,132,395
76$1,329,337$727,711$599,738$1,193,881
77$1,428,143$726,582$583,043$1,260,524
78$1,535,869$724,240$564,631$1,332,841
79$1,653,387$720,588$544,406$1,411,401
80$1,781,660$715,524$522,270$1,496,833
81$1,921,744$708,939$498,122$1,589,831
82$2,074,806$700,721$471,852$1,691,158
83$2,242,126$690,747$443,349$1,801,661
84$2,425,118$678,888$412,496$1,922,270
85$2,625,334$665,008$379,170$2,054,013
86$2,844,488$648,963$343,242$2,198,026
87$3,084,464$630,600$304,578$2,355,558
88$3,347,337$609,758$263,039$2,527,992
89$3,635,394$586,264$218,479$2,716,850
90$3,951,150$559,937$170,745$2,923,814
91$4,297,380$530,587$119,678$3,150,737
92$4,677,137$498,009$65,110$3,399,665
93$5,093,784$461,991$6,870$3,672,854
94$5,551,025$422,303$0$3,972,794
95$6,052,941$378,708$0$4,308,130
96$6,604,028$330,952$0$4,677,156
97$7,209,238$278,767$0$5,082,501
98$7,874,023$221,870$0$5,527,871
99$8,604,395$159,963$0$6,017,355
100$9,406,971$92,729$0$6,555,458