Can I retire at age 67 with 663,000?

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 $663,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.7%
1 years$54,750$54,262$53,786$53,322$52,869$52,273
2 years$27,104$26,599$26,110$25,636$25,176$24,576
3 years$17,890$17,383$16,895$16,425$15,972$15,387
4 years$13,284$12,778$12,295$11,833$11,392$10,826
5 years$10,521$10,018$9,542$9,089$8,660$8,115
6 years$8,679$8,181$7,711$7,269$6,852$6,329
7 years$7,365$6,870$6,408$5,976$5,573$5,071
8 years$6,379$5,889$5,434$5,013$4,623$4,143
9 years$5,613$5,127$4,681$4,270$3,893$3,434
10 years$5,000$4,520$4,081$3,681$3,317$2,879
11 years$4,499$4,023$3,593$3,203$2,853$2,436
12 years$4,082$3,611$3,188$2,810$2,472$2,076
13 years$3,729$3,264$2,849$2,481$2,156$1,779
14 years$3,427$2,966$2,559$2,202$1,890$1,532
15 years$3,166$2,710$2,311$1,964$1,664$1,325
16 years$2,937$2,486$2,095$1,758$1,471$1,150
17 years$2,736$2,290$1,906$1,580$1,304$1,001
18 years$2,557$2,116$1,740$1,424$1,159$873
19 years$2,397$1,961$1,593$1,287$1,033$763
20 years$2,253$1,822$1,462$1,165$923$669
21 years$2,123$1,697$1,345$1,057$826$587
22 years$2,006$1,584$1,240$962$740$516
23 years$1,898$1,482$1,144$876$665$453
24 years$1,800$1,388$1,058$799$597$399
25 years$1,709$1,303$980$729$538$352
26 years$1,626$1,225$909$667$484$310
27 years$1,549$1,152$844$610$437$274
28 years$1,478$1,086$785$559$394$242
29 years$1,411$1,024$730$513$356$214
30 years$1,350$968$680$471$321$189
31 years$1,292$915$634$432$291$167
32 years$1,238$865$592$397$263$148
33 years$1,187$820$553$365$238$131
34 years$1,140$777$516$336$215$116
35 years$1,095$737$483$309$195$103
36 years$1,053$699$452$285$177$91
37 years$1,013$664$423$263$160$81
38 years$976$631$396$242$145$71
39 years$940$600$371$223$132$63
40 years$906$571$348$206$119$56
41 years$874$544$326$190$108$50
42 years$844$518$306$175$98$44
43 years$815$493$287$162$89$39
44 years$788$470$269$149$81$35
45 years$762$448$253$138$74$31
46 years$737$428$237$127$67$27
47 years$713$408$223$118$61$24
48 years$690$390$210$109$55$21
49 years$668$372$197$101$50$19
50 years$647$355$185$93$45$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $663,000, adding $2,908 every year, while hoping to spend $48,789 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$663,000$663,000$663,000$663,000
67$733,626$698,487$688,210$746,653
68$756,544$680,801$659,354$739,787
69$780,165$660,614$627,896$728,033
70$804,509$637,751$593,698$714,406
71$829,596$612,028$556,614$698,779
72$855,448$583,250$516,493$681,020
73$882,085$551,211$473,176$660,989
74$909,529$515,692$426,500$638,538
75$937,803$476,463$376,290$613,510
76$966,930$433,280$322,366$585,741
77$996,931$385,886$264,540$555,058
78$1,027,832$334,007$202,615$521,277
79$1,059,654$277,357$136,386$484,205
80$1,092,422$215,631$65,638$443,638
81$1,126,160$148,508$0$399,361
82$1,160,892$75,648$0$353,884
83$1,196,642$0$0$323,842
84$1,233,435$0$0$292,569
85$1,271,295$0$0$301,501
86$1,310,246$0$0$310,684
87$1,350,313$0$0$320,125
88$1,391,519$0$0$329,828
89$1,433,887$0$0$339,798
90$1,477,440$0$0$350,040
91$1,522,201$0$0$360,556
92$1,568,190$0$0$371,352
93$1,615,428$0$0$382,431
94$1,663,934$0$0$393,795
95$1,713,724$0$0$405,448
96$1,764,816$0$0$417,392
97$1,817,222$0$0$429,627
98$1,870,954$0$0$442,154
99$1,926,021$0$0$454,974
100$1,982,427$0$0$468,084