Can I retire at age 67 with 675,000?

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 $675,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.2%
1 years$55,741$55,244$54,760$54,287$53,825$53,109
2 years$27,594$27,081$26,582$26,100$25,631$24,910
3 years$18,214$17,697$17,201$16,722$16,261$15,559
4 years$13,524$13,009$12,518$12,047$11,598$10,919
5 years$10,711$10,200$9,714$9,254$8,816$8,163
6 years$8,836$8,329$7,851$7,400$6,976$6,349
7 years$7,498$6,994$6,524$6,084$5,673$5,073
8 years$6,494$5,996$5,533$5,104$4,707$4,133
9 years$5,714$5,220$4,765$4,347$3,964$3,416
10 years$5,091$4,601$4,155$3,747$3,377$2,855
11 years$4,581$4,096$3,658$3,261$2,905$2,408
12 years$4,156$3,677$3,246$2,861$2,517$2,045
13 years$3,797$3,323$2,900$2,526$2,195$1,747
14 years$3,489$3,020$2,606$2,242$1,924$1,500
15 years$3,223$2,759$2,353$1,999$1,694$1,293
16 years$2,991$2,531$2,133$1,790$1,497$1,118
17 years$2,785$2,331$1,941$1,608$1,328$970
18 years$2,603$2,154$1,772$1,450$1,180$843
19 years$2,440$1,996$1,622$1,310$1,052$734
20 years$2,294$1,855$1,489$1,186$940$641
21 years$2,162$1,728$1,369$1,077$841$560
22 years$2,042$1,613$1,262$979$754$490
23 years$1,932$1,509$1,165$892$677$430
24 years$1,832$1,414$1,078$813$608$377
25 years$1,740$1,327$998$743$547$331
26 years$1,655$1,247$926$679$493$291
27 years$1,577$1,173$860$621$444$256
28 years$1,504$1,106$799$569$401$225
29 years$1,437$1,043$744$522$362$198
30 years$1,374$985$693$479$327$174
31 years$1,315$931$646$440$296$153
32 years$1,260$881$602$404$268$135
33 years$1,209$834$563$372$242$119
34 years$1,160$791$526$342$219$105
35 years$1,115$750$491$315$199$93
36 years$1,072$712$460$290$180$82
37 years$1,032$676$430$267$163$72
38 years$993$643$403$246$148$64
39 years$957$611$378$227$134$56
40 years$923$581$354$210$122$50
41 years$890$553$332$193$110$44
42 years$859$527$311$178$100$39
43 years$830$502$292$165$91$34
44 years$802$479$274$152$82$30
45 years$775$456$257$140$75$27
46 years$750$435$242$130$68$23
47 years$726$416$227$120$62$21
48 years$702$397$213$111$56$18
49 years$680$379$201$102$51$16
50 years$659$362$189$95$46$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $675,000, adding $6,527 every year, while hoping to spend $29,506 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: 64/27/9 Blend
66$675,000$675,000$675,000$675,000
67$750,583$714,808$704,345$796,792
68$795,748$718,439$696,547$832,057
69$844,531$721,259$687,498$866,501
70$897,270$723,198$677,126$903,364
71$954,336$724,179$665,354$942,881
72$1,016,138$724,124$652,103$985,308
73$1,083,124$722,945$637,288$1,030,931
74$1,155,787$720,555$620,822$1,080,065
75$1,234,672$716,856$602,614$1,133,056
76$1,320,373$711,747$582,566$1,190,288
77$1,413,549$705,120$560,580$1,252,185
78$1,514,921$696,861$536,550$1,319,213
79$1,625,285$686,849$510,366$1,391,889
80$1,745,515$674,956$481,914$1,470,783
81$1,876,574$661,045$451,075$1,556,525
82$2,019,521$644,972$417,722$1,649,808
83$2,175,521$626,585$381,725$1,751,401
84$2,345,859$605,723$342,947$1,862,150
85$2,531,947$582,214$301,247$1,982,989
86$2,735,341$555,877$256,474$2,114,951
87$2,957,753$526,522$208,472$2,259,176
88$3,201,068$493,946$157,080$2,416,919
89$3,467,362$457,935$102,128$2,589,570
90$3,758,921$418,262$43,437$2,778,660
91$4,078,263$374,689$0$2,985,880
92$4,428,160$326,962$0$3,214,939
93$4,811,664$274,816$0$3,470,623
94$5,232,139$217,966$0$3,751,050
95$5,693,287$156,117$0$4,058,745
96$6,199,188$88,952$0$4,396,497
97$6,754,333$16,139$0$4,767,381
98$7,363,673$0$0$5,174,786
99$8,032,658$0$0$5,641,074
100$8,767,293$0$0$6,158,435