Can I retire at age 67 with 674,000?

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 $674,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.4%
1 years$55,658$55,163$54,679$54,207$53,746$52,130
2 years$27,554$27,040$26,543$26,061$25,593$23,979
3 years$18,187$17,671$17,175$16,697$16,237$14,675
4 years$13,504$12,990$12,499$12,030$11,581$10,082
5 years$10,695$10,184$9,700$9,240$8,803$7,373
6 years$8,823$8,316$7,839$7,389$6,966$5,605
7 years$7,487$6,984$6,514$6,075$5,665$4,374
8 years$6,485$5,987$5,525$5,096$4,700$3,477
9 years$5,706$5,212$4,758$4,341$3,958$2,803
10 years$5,083$4,595$4,148$3,742$3,372$2,283
11 years$4,574$4,090$3,652$3,257$2,900$1,874
12 years$4,150$3,671$3,241$2,856$2,513$1,549
13 years$3,791$3,318$2,896$2,522$2,192$1,287
14 years$3,484$3,016$2,602$2,239$1,921$1,074
15 years$3,218$2,755$2,349$1,996$1,692$899
16 years$2,986$2,528$2,130$1,788$1,495$754
17 years$2,781$2,328$1,938$1,606$1,326$635
18 years$2,599$2,151$1,769$1,447$1,179$535
19 years$2,437$1,993$1,620$1,308$1,051$452
20 years$2,291$1,852$1,486$1,185$938$382
21 years$2,159$1,725$1,367$1,075$840$323
22 years$2,039$1,611$1,260$977$753$274
23 years$1,930$1,506$1,163$890$676$232
24 years$1,830$1,411$1,076$812$607$197
25 years$1,738$1,325$997$741$546$167
26 years$1,653$1,245$924$678$492$142
27 years$1,575$1,172$858$621$444$121
28 years$1,502$1,104$798$569$400$103
29 years$1,435$1,041$743$521$362$87
30 years$1,372$984$692$479$327$74
31 years$1,313$930$645$439$295$63
32 years$1,258$880$602$404$267$54
33 years$1,207$833$562$371$242$46
34 years$1,159$790$525$342$219$39
35 years$1,113$749$491$315$198$33
36 years$1,070$711$459$290$180$28
37 years$1,030$675$430$267$163$24
38 years$992$642$402$246$148$20
39 years$956$610$377$227$134$17
40 years$921$581$353$209$121$15
41 years$889$553$331$193$110$13
42 years$858$526$311$178$100$11
43 years$829$501$292$164$91$9
44 years$801$478$274$152$82$8
45 years$774$456$257$140$75$7
46 years$749$435$241$130$68$6
47 years$725$415$227$120$62$5
48 years$701$396$213$111$56$4
49 years$679$378$200$102$51$3
50 years$658$361$188$94$46$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $674,000, adding $2,336 every year, while hoping to spend $30,801 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: 71/22/7 Blend
66$674,000$674,000$674,000$674,000
67$745,158$709,436$698,989$797,112
68$788,392$711,426$689,633$833,731
69$835,003$712,481$678,931$869,759
70$885,304$712,524$666,806$908,339
71$939,638$711,470$653,176$949,715
72$998,380$709,231$637,957$994,156
73$1,061,946$705,715$621,060$1,041,957
74$1,130,790$700,820$602,391$1,093,445
75$1,205,412$694,442$581,852$1,148,979
76$1,286,364$686,469$559,344$1,208,958
77$1,374,249$676,782$534,758$1,273,821
78$1,469,734$665,256$507,984$1,344,050
79$1,573,550$651,757$478,905$1,420,180
80$1,686,504$636,145$447,400$1,502,799
81$1,809,482$618,270$413,342$1,592,558
82$1,943,458$597,975$376,598$1,690,174
83$2,089,506$575,091$337,030$1,796,437
84$2,248,807$549,442$294,492$1,912,222
85$2,422,662$520,841$248,834$2,038,490
86$2,612,500$489,089$199,897$2,176,305
87$2,819,898$453,977$147,516$2,326,840
88$3,046,590$415,284$91,520$2,491,386
89$3,294,485$372,776$31,728$2,671,373
90$3,565,685$326,204$0$2,868,373
91$3,862,505$275,308$0$3,086,519
92$4,187,494$219,812$0$3,328,018
93$4,543,458$159,423$0$3,592,623
94$4,933,490$93,833$0$3,882,685
95$5,360,992$22,718$0$4,200,790
96$5,829,715$0$0$4,549,793
97$6,343,788$0$0$4,945,979
98$6,907,758$0$0$5,386,688
99$7,526,636$0$0$5,870,341
100$8,205,939$0$0$6,401,254