Can I retire at age 67 with 676,000?

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 $676,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.7%
1 years$55,823$55,326$54,841$54,368$53,905$53,078
2 years$27,635$27,121$26,622$26,138$25,669$24,837
3 years$18,241$17,724$17,226$16,747$16,286$15,476
4 years$13,544$13,029$12,536$12,065$11,615$10,833
5 years$10,727$10,215$9,729$9,267$8,830$8,078
6 years$8,849$8,341$7,862$7,411$6,987$6,266
7 years$7,509$7,005$6,533$6,093$5,682$4,992
8 years$6,504$6,004$5,541$5,111$4,714$4,055
9 years$5,723$5,228$4,772$4,354$3,970$3,342
10 years$5,098$4,608$4,161$3,753$3,382$2,785
11 years$4,587$4,102$3,663$3,266$2,909$2,342
12 years$4,162$3,682$3,251$2,865$2,521$1,982
13 years$3,803$3,328$2,904$2,529$2,198$1,688
14 years$3,495$3,025$2,610$2,245$1,927$1,444
15 years$3,228$2,763$2,356$2,002$1,697$1,241
16 years$2,995$2,535$2,136$1,793$1,499$1,069
17 years$2,789$2,335$1,944$1,611$1,330$924
18 years$2,607$2,157$1,774$1,452$1,182$800
19 years$2,444$1,999$1,624$1,312$1,054$695
20 years$2,298$1,858$1,491$1,188$941$604
21 years$2,165$1,731$1,371$1,078$842$526
22 years$2,045$1,615$1,264$980$755$459
23 years$1,935$1,511$1,167$893$678$400
24 years$1,835$1,416$1,079$814$609$350
25 years$1,743$1,328$1,000$744$548$306
26 years$1,658$1,249$927$680$494$268
27 years$1,579$1,175$861$622$445$234
28 years$1,507$1,107$800$570$402$205
29 years$1,439$1,045$745$523$363$180
30 years$1,376$986$694$480$328$158
31 years$1,317$933$647$441$296$138
32 years$1,262$882$603$405$268$121
33 years$1,211$836$563$373$243$107
34 years$1,162$792$526$343$220$94
35 years$1,117$751$492$316$199$82
36 years$1,074$713$460$291$180$72
37 years$1,033$677$431$268$163$63
38 years$995$644$404$247$148$56
39 years$959$612$378$228$134$49
40 years$924$582$354$210$122$43
41 years$892$554$332$194$110$38
42 years$861$528$312$179$100$33
43 years$831$503$292$165$91$29
44 years$803$479$275$152$83$26
45 years$776$457$258$141$75$23
46 years$751$436$242$130$68$20
47 years$727$416$227$120$62$17
48 years$703$397$214$111$56$15
49 years$681$379$201$103$51$13
50 years$660$362$189$95$46$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $676,000, adding $3,432 every year, while hoping to spend $55,320 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: 53/25/22 Blend
66$676,000$676,000$676,000$676,000
67$748,492$712,664$702,186$783,456
68$765,978$688,725$666,849$783,954
69$783,394$661,758$628,475$778,465
70$800,673$631,557$586,902$771,325
71$817,743$597,904$541,964$762,397
72$834,518$560,567$493,485$751,531
73$850,906$519,302$441,284$738,566
74$866,800$473,849$385,168$723,330
75$882,082$423,936$324,940$705,636
76$896,619$369,274$260,390$685,284
77$910,263$309,557$191,302$662,059
78$922,847$244,463$117,448$635,726
79$934,186$173,651$38,591$606,035
80$944,075$96,761$0$572,715
81$952,282$13,413$0$546,169
82$958,551$0$0$525,747
83$962,597$0$0$523,230
84$964,104$0$0$522,882
85$962,719$0$0$520,807
86$958,051$0$0$516,774
87$949,668$0$0$510,529
88$937,086$0$0$501,791
89$919,774$0$0$490,246
90$897,140$0$0$475,547
91$868,529$0$0$457,311
92$833,216$0$0$435,112
93$790,398$0$0$408,480
94$739,186$0$0$376,895
95$678,599$0$0$339,781
96$607,547$0$0$296,501
97$524,831$0$0$246,352
98$429,119$0$0$188,555
99$318,944$0$0$122,250
100$192,681$0$0$46,488