Can I retire at age 67 with 671,000?

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 $671,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.6%
1 years$55,411$54,917$54,435$53,965$53,506$52,277
2 years$27,431$26,920$26,425$25,945$25,479$24,247
3 years$18,106$17,593$17,099$16,623$16,165$14,969
4 years$13,444$12,932$12,443$11,976$11,529$10,378
5 years$10,648$10,139$9,657$9,199$8,764$7,662
6 years$8,784$8,279$7,804$7,356$6,935$5,882
7 years$7,453$6,953$6,485$6,048$5,640$4,637
8 years$6,456$5,960$5,500$5,074$4,679$3,725
9 years$5,680$5,189$4,737$4,322$3,940$3,036
10 years$5,060$4,574$4,130$3,725$3,357$2,500
11 years$4,554$4,072$3,636$3,242$2,887$2,077
12 years$4,131$3,655$3,227$2,844$2,502$1,737
13 years$3,774$3,303$2,883$2,511$2,182$1,461
14 years$3,469$3,002$2,590$2,229$1,913$1,234
15 years$3,204$2,743$2,339$1,988$1,684$1,046
16 years$2,973$2,516$2,120$1,780$1,488$889
17 years$2,769$2,317$1,929$1,599$1,320$758
18 years$2,588$2,141$1,761$1,441$1,173$648
19 years$2,426$1,985$1,612$1,302$1,046$554
20 years$2,281$1,844$1,480$1,179$934$475
21 years$2,149$1,718$1,361$1,070$836$408
22 years$2,030$1,604$1,254$973$749$350
23 years$1,921$1,500$1,158$886$673$301
24 years$1,821$1,405$1,071$808$605$259
25 years$1,730$1,319$992$738$544$223
26 years$1,646$1,239$920$675$490$193
27 years$1,568$1,166$854$618$442$166
28 years$1,496$1,099$794$566$399$143
29 years$1,428$1,037$739$519$360$124
30 years$1,366$979$689$476$325$107
31 years$1,307$926$642$438$294$92
32 years$1,253$876$599$402$266$80
33 years$1,202$829$559$370$241$69
34 years$1,154$786$522$340$218$59
35 years$1,108$746$488$313$197$51
36 years$1,066$708$457$288$179$44
37 years$1,025$672$428$266$162$38
38 years$987$639$401$245$147$33
39 years$951$607$375$226$133$29
40 years$917$578$352$208$121$25
41 years$885$550$330$192$110$21
42 years$854$524$309$177$100$19
43 years$825$499$290$164$90$16
44 years$797$476$273$151$82$14
45 years$771$454$256$140$74$12
46 years$745$433$240$129$68$10
47 years$721$413$226$119$61$9
48 years$698$394$212$110$56$8
49 years$676$377$199$102$51$7
50 years$655$360$187$94$46$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $671,000, adding $2,420 every year, while hoping to spend $47,024 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: 33/48/19 Blend
66$671,000$671,000$671,000$671,000
67$741,938$706,375$695,975$761,994
68$767,583$690,954$669,257$761,646
69$794,267$673,202$640,068$756,780
70$822,047$652,954$608,275$750,548
71$850,984$630,037$573,740$742,857
72$881,143$604,267$536,319$733,611
73$912,594$575,451$495,860$722,707
74$945,413$543,381$452,205$710,039
75$979,680$507,843$405,190$695,495
76$1,015,485$468,604$354,641$678,956
77$1,052,922$425,423$300,379$660,301
78$1,092,094$378,043$242,215$639,401
79$1,133,112$326,192$179,954$616,120
80$1,176,097$269,583$113,391$590,319
81$1,221,181$207,914$42,311$561,850
82$1,268,504$140,865$0$530,560
83$1,318,221$68,097$0$503,090
84$1,370,499$0$0$482,070
85$1,425,522$0$0$464,464
86$1,483,486$0$0$483,844
87$1,544,608$0$0$504,319
88$1,609,124$0$0$525,973
89$1,677,290$0$0$548,897
90$1,749,386$0$0$573,192
91$1,825,718$0$0$598,966
92$1,906,619$0$0$626,340
93$1,992,454$0$0$655,444
94$2,083,622$0$0$686,421
95$2,180,560$0$0$719,427
96$2,283,744$0$0$754,634
97$2,393,697$0$0$792,229
98$2,510,991$0$0$832,419
99$2,636,253$0$0$875,429
100$2,770,170$0$0$921,506