Can I retire at age 67 with 665,000?

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 $665,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.5%
1 years$54,915$54,426$53,949$53,483$53,028$52,257
2 years$27,186$26,679$26,189$25,713$25,251$24,476
3 years$17,944$17,435$16,946$16,475$16,021$15,265
4 years$13,324$12,817$12,332$11,869$11,426$10,697
5 years$10,552$10,049$9,570$9,117$8,686$7,984
6 years$8,705$8,205$7,734$7,291$6,873$6,200
7 years$7,387$6,891$6,427$5,994$5,589$4,946
8 years$6,398$5,907$5,451$5,028$4,637$4,022
9 years$5,630$5,143$4,695$4,283$3,905$3,319
10 years$5,015$4,533$4,093$3,692$3,327$2,769
11 years$4,513$4,036$3,603$3,213$2,862$2,331
12 years$4,094$3,622$3,198$2,818$2,480$1,976
13 years$3,741$3,273$2,857$2,488$2,162$1,685
14 years$3,438$2,975$2,567$2,209$1,896$1,443
15 years$3,175$2,718$2,318$1,970$1,669$1,241
16 years$2,946$2,494$2,101$1,764$1,475$1,071
17 years$2,744$2,297$1,912$1,585$1,308$927
18 years$2,565$2,122$1,746$1,428$1,163$804
19 years$2,404$1,967$1,598$1,290$1,037$699
20 years$2,260$1,828$1,467$1,169$926$609
21 years$2,130$1,702$1,349$1,061$829$531
22 years$2,012$1,589$1,243$964$743$464
23 years$1,904$1,486$1,148$878$667$405
24 years$1,805$1,393$1,062$801$599$355
25 years$1,714$1,307$983$732$539$311
26 years$1,631$1,228$912$669$486$272
27 years$1,554$1,156$847$612$438$239
28 years$1,482$1,089$787$561$395$210
29 years$1,416$1,028$733$514$357$184
30 years$1,354$970$682$472$322$162
31 years$1,296$917$636$434$291$142
32 years$1,242$868$594$398$264$125
33 years$1,191$822$554$366$239$110
34 years$1,143$779$518$337$216$96
35 years$1,098$739$484$310$196$85
36 years$1,056$701$453$286$177$75
37 years$1,016$666$424$263$161$66
38 years$979$633$397$243$146$58
39 years$943$602$372$224$132$51
40 years$909$573$349$206$120$45
41 years$877$545$327$190$109$39
42 years$847$519$307$176$99$35
43 years$818$495$288$162$90$31
44 years$790$472$270$150$81$27
45 years$764$450$254$138$74$24
46 years$739$429$238$128$67$21
47 years$715$409$224$118$61$18
48 years$692$391$210$109$55$16
49 years$670$373$198$101$50$14
50 years$649$357$186$93$46$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $665,000, adding $5,244 every year, while hoping to spend $35,265 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: 57/37/6 Blend
66$665,000$665,000$665,000$665,000
67$738,239$702,994$692,687$779,101
68$776,018$699,919$678,370$804,110
69$816,468$695,512$662,392$826,910
70$859,825$689,669$644,659$850,872
71$906,347$682,282$625,075$876,111
72$956,317$673,237$603,537$902,755
73$1,010,045$662,410$579,940$930,943
74$1,067,874$649,672$554,172$960,834
75$1,130,178$634,886$526,118$992,602
76$1,197,368$617,908$495,655$1,026,443
77$1,269,897$598,583$462,657$1,062,573
78$1,348,261$576,748$426,990$1,101,233
79$1,433,007$552,232$388,518$1,142,690
80$1,524,735$524,852$347,094$1,187,242
81$1,624,103$494,415$302,567$1,235,220
82$1,731,839$460,719$254,780$1,286,989
83$1,848,739$423,546$203,567$1,342,958
84$1,975,680$382,670$148,757$1,403,578
85$2,113,629$337,850$90,170$1,469,352
86$2,263,645$288,831$27,617$1,540,836
87$2,426,898$235,345$0$1,618,646
88$2,604,672$177,107$0$1,705,974
89$2,798,381$113,818$0$1,803,122
90$3,009,581$45,160$0$1,909,174
91$3,239,986$0$0$2,025,077
92$3,491,479$0$0$2,163,767
93$3,766,137$0$0$2,335,365
94$4,066,244$0$0$2,522,920
95$4,394,314$0$0$2,728,009
96$4,753,117$0$0$2,952,372
97$5,145,702$0$0$3,197,923
98$5,575,424$0$0$3,466,768
99$6,045,981$0$0$3,761,230
100$6,561,444$0$0$4,083,863