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%15%
1 years$54,750$54,262$53,786$53,322$52,869$51,780
2 years$27,104$26,599$26,110$25,636$25,176$24,084
3 years$17,890$17,383$16,895$16,425$15,972$14,911
4 years$13,284$12,778$12,295$11,833$11,392$10,370
5 years$10,521$10,018$9,542$9,089$8,660$7,680
6 years$8,679$8,181$7,711$7,269$6,852$5,915
7 years$7,365$6,870$6,408$5,976$5,573$4,679
8 years$6,379$5,889$5,434$5,013$4,623$3,772
9 years$5,613$5,127$4,681$4,270$3,893$3,085
10 years$5,000$4,520$4,081$3,681$3,317$2,550
11 years$4,499$4,023$3,593$3,203$2,853$2,127
12 years$4,082$3,611$3,188$2,810$2,472$1,785
13 years$3,729$3,264$2,849$2,481$2,156$1,507
14 years$3,427$2,966$2,559$2,202$1,890$1,278
15 years$3,166$2,710$2,311$1,964$1,664$1,088
16 years$2,937$2,486$2,095$1,758$1,471$929
17 years$2,736$2,290$1,906$1,580$1,304$796
18 years$2,557$2,116$1,740$1,424$1,159$683
19 years$2,397$1,961$1,593$1,287$1,033$587
20 years$2,253$1,822$1,462$1,165$923$505
21 years$2,123$1,697$1,345$1,057$826$436
22 years$2,006$1,584$1,240$962$740$376
23 years$1,898$1,482$1,144$876$665$325
24 years$1,800$1,388$1,058$799$597$281
25 years$1,709$1,303$980$729$538$243
26 years$1,626$1,225$909$667$484$211
27 years$1,549$1,152$844$610$437$183
28 years$1,478$1,086$785$559$394$158
29 years$1,411$1,024$730$513$356$137
30 years$1,350$968$680$471$321$119
31 years$1,292$915$634$432$291$103
32 years$1,238$865$592$397$263$90
33 years$1,187$820$553$365$238$78
34 years$1,140$777$516$336$215$68
35 years$1,095$737$483$309$195$59
36 years$1,053$699$452$285$177$51
37 years$1,013$664$423$263$160$44
38 years$976$631$396$242$145$39
39 years$940$600$371$223$132$33
40 years$906$571$348$206$119$29
41 years$874$544$326$190$108$25
42 years$844$518$306$175$98$22
43 years$815$493$287$162$89$19
44 years$788$470$269$149$81$17
45 years$762$448$253$138$74$14
46 years$737$428$237$127$67$13
47 years$713$408$223$118$61$11
48 years$690$390$210$109$55$9
49 years$668$372$197$101$50$8
50 years$647$355$185$93$45$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $663,000, adding $2,066 every year, while hoping to spend $39,663 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: 62/22/16 Blend
66$663,000$663,000$663,000$663,000
67$732,757$697,618$687,342$775,135
68$765,297$689,600$668,166$795,866
69$799,827$679,860$647,020$813,819
70$836,508$668,272$623,793$832,474
71$875,515$654,701$598,374$851,903
72$917,043$639,006$570,644$872,184
73$961,301$621,038$540,481$893,408
74$1,008,522$600,636$507,755$915,675
75$1,058,958$577,634$472,331$939,095
76$1,112,886$551,853$434,069$963,796
77$1,170,612$523,105$392,822$989,916
78$1,232,468$491,191$348,435$1,017,614
79$1,298,821$455,900$300,749$1,047,063
80$1,370,072$417,011$249,595$1,078,459
81$1,446,662$374,287$194,799$1,112,021
82$1,529,075$327,480$136,178$1,147,991
83$1,617,841$276,328$73,541$1,186,640
84$1,713,545$220,552$6,689$1,228,270
85$1,816,828$159,860$0$1,273,218
86$1,928,393$93,942$0$1,332,894
87$2,049,014$22,470$0$1,398,613
88$2,179,543$0$0$1,469,734
89$2,320,914$0$0$1,560,102
90$2,474,154$0$0$1,663,994
91$2,640,396$0$0$1,776,744
92$2,820,881$0$0$1,899,199
93$3,016,977$0$0$2,032,293
94$3,230,189$0$0$2,177,054
95$3,462,170$0$0$2,334,610
96$3,714,743$0$0$2,506,205
97$3,989,910$0$0$2,693,207
98$4,289,877$0$0$2,897,121
99$4,617,069$0$0$3,119,604
100$4,974,159$0$0$3,362,481