Can I retire at age 67 with 667,000?

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 $667,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.2%
1 years$55,080$54,590$54,111$53,644$53,188$52,919
2 years$27,267$26,760$26,267$25,790$25,327$25,056
3 years$17,998$17,488$16,997$16,524$16,069$15,804
4 years$13,364$12,855$12,369$11,905$11,460$11,203
5 years$10,584$10,079$9,599$9,144$8,712$8,463
6 years$8,732$8,230$7,757$7,312$6,893$6,654
7 years$7,409$6,912$6,447$6,012$5,606$5,376
8 years$6,417$5,924$5,467$5,043$4,651$4,430
9 years$5,647$5,158$4,709$4,296$3,917$3,705
10 years$5,030$4,547$4,105$3,703$3,337$3,134
11 years$4,526$4,048$3,614$3,223$2,870$2,676
12 years$4,107$3,633$3,208$2,827$2,487$2,302
13 years$3,752$3,283$2,866$2,496$2,169$1,992
14 years$3,448$2,984$2,575$2,215$1,901$1,733
15 years$3,185$2,726$2,325$1,976$1,674$1,514
16 years$2,955$2,501$2,108$1,769$1,479$1,327
17 years$2,752$2,304$1,918$1,589$1,312$1,167
18 years$2,572$2,129$1,751$1,432$1,166$1,029
19 years$2,412$1,973$1,603$1,294$1,040$910
20 years$2,267$1,833$1,471$1,172$929$806
21 years$2,136$1,708$1,353$1,064$831$715
22 years$2,018$1,594$1,247$967$745$635
23 years$1,910$1,491$1,151$881$669$565
24 years$1,811$1,397$1,065$803$601$503
25 years$1,720$1,311$986$734$541$449
26 years$1,636$1,232$915$671$487$400
27 years$1,558$1,159$849$614$439$358
28 years$1,487$1,093$790$563$396$320
29 years$1,420$1,031$735$516$358$286
30 years$1,358$973$684$474$323$256
31 years$1,300$920$638$435$292$229
32 years$1,245$871$595$400$264$205
33 years$1,194$824$556$368$239$184
34 years$1,147$781$519$338$217$165
35 years$1,102$741$486$311$196$148
36 years$1,059$703$454$287$178$133
37 years$1,019$668$425$264$161$119
38 years$982$635$398$243$146$107
39 years$946$604$373$225$132$96
40 years$912$574$350$207$120$86
41 years$880$547$328$191$109$77
42 years$849$521$308$176$99$69
43 years$820$496$289$163$90$62
44 years$792$473$271$150$81$56
45 years$766$451$254$139$74$50
46 years$741$430$239$128$67$45
47 years$717$411$224$118$61$41
48 years$694$392$211$109$55$37
49 years$672$374$198$101$50$33
50 years$651$358$186$93$46$29

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $667,000, adding $5,874 every year, while hoping to spend $47,286 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: 71/15/14 Blend
66$667,000$667,000$667,000$667,000
67$741,093$705,742$695,404$791,001
68$766,373$690,011$668,388$809,157
69$792,646$671,925$638,882$822,732
70$819,964$651,318$606,753$836,354
71$848,383$628,015$571,861$850,016
72$877,961$601,831$534,062$863,716
73$908,761$572,569$493,201$877,450
74$940,853$540,023$449,122$891,217
75$974,309$503,973$401,656$905,015
76$1,009,209$464,188$350,632$918,844
77$1,045,637$420,422$295,867$932,707
78$1,083,686$372,416$237,172$946,608
79$1,123,455$319,898$174,350$960,553
80$1,165,050$262,576$107,195$974,550
81$1,208,590$200,146$35,490$988,612
82$1,254,198$132,286$0$1,002,754
83$1,302,012$58,654$0$1,023,124
84$1,352,180$0$0$1,049,673
85$1,404,861$0$0$1,080,645
86$1,460,231$0$0$1,123,383
87$1,518,479$0$0$1,168,355
88$1,579,811$0$0$1,215,721
89$1,644,452$0$0$1,265,656
90$1,712,647$0$0$1,318,352
91$1,784,663$0$0$1,374,016
92$1,860,789$0$0$1,432,875
93$1,941,345$0$0$1,495,177
94$2,026,676$0$0$1,561,193
95$2,117,161$0$0$1,631,218
96$2,213,214$0$0$1,705,575
97$2,315,287$0$0$1,784,618
98$2,423,877$0$0$1,868,733
99$2,539,524$0$0$1,958,343
100$2,662,822$0$0$2,053,912