Can I retire at age 67 with 678,000?

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 $678,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.4%
1 years$55,989$55,490$55,003$54,528$54,065$53,522
2 years$27,717$27,201$26,701$26,216$25,745$25,199
3 years$18,295$17,776$17,277$16,797$16,334$15,801
4 years$13,584$13,067$12,573$12,101$11,649$11,133
5 years$10,759$10,245$9,757$9,295$8,856$8,358
6 years$8,876$8,366$7,885$7,433$7,007$6,529
7 years$7,531$7,026$6,553$6,111$5,699$5,240
8 years$6,523$6,022$5,557$5,126$4,728$4,288
9 years$5,740$5,243$4,787$4,367$3,981$3,561
10 years$5,113$4,622$4,173$3,764$3,392$2,991
11 years$4,601$4,115$3,674$3,276$2,917$2,535
12 years$4,174$3,693$3,260$2,873$2,528$2,164
13 years$3,814$3,337$2,913$2,537$2,205$1,859
14 years$3,505$3,034$2,617$2,252$1,933$1,604
15 years$3,238$2,771$2,363$2,008$1,702$1,390
16 years$3,004$2,543$2,142$1,798$1,504$1,209
17 years$2,798$2,342$1,950$1,616$1,333$1,054
18 years$2,615$2,164$1,780$1,456$1,186$922
19 years$2,451$2,005$1,629$1,316$1,057$808
20 years$2,304$1,863$1,495$1,192$944$709
21 years$2,172$1,736$1,375$1,081$845$624
22 years$2,051$1,620$1,268$983$757$549
23 years$1,941$1,515$1,170$895$680$484
24 years$1,840$1,420$1,082$817$611$427
25 years$1,748$1,332$1,003$746$550$377
26 years$1,663$1,252$930$682$495$334
27 years$1,584$1,179$863$624$446$295
28 years$1,511$1,111$803$572$403$261
29 years$1,443$1,048$747$524$364$232
30 years$1,380$989$696$481$329$205
31 years$1,321$935$649$442$297$182
32 years$1,266$885$605$406$269$161
33 years$1,214$838$565$374$243$143
34 years$1,166$794$528$344$220$127
35 years$1,120$753$494$316$199$113
36 years$1,077$715$462$291$181$100
37 years$1,036$679$432$269$164$89
38 years$998$645$405$248$149$79
39 years$961$614$379$228$135$70
40 years$927$584$355$210$122$62
41 years$894$556$333$194$111$55
42 years$863$529$313$179$101$49
43 years$834$504$293$165$91$44
44 years$806$481$275$153$83$39
45 years$779$458$259$141$75$35
46 years$753$437$243$130$68$31
47 years$729$417$228$120$62$27
48 years$706$398$214$111$56$24
49 years$683$381$202$103$51$22
50 years$662$363$189$95$46$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $678,000, adding $2,225 every year, while hoping to spend $39,274 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: 44/29/27 Blend
66$678,000$678,000$678,000$678,000
67$749,451$713,517$703,008$776,467
68$784,108$706,692$684,772$789,110
69$820,983$698,217$664,608$798,875
70$860,262$687,968$642,411$808,702
71$902,147$675,817$618,070$818,617
72$946,860$661,625$591,469$828,656
73$994,643$645,248$562,486$838,857
74$1,045,763$626,531$530,996$849,268
75$1,100,511$605,312$496,865$859,943
76$1,159,209$581,418$459,955$870,948
77$1,222,206$554,666$420,122$882,355
78$1,289,890$524,863$377,215$894,253
79$1,362,682$491,804$331,075$906,738
80$1,441,047$455,274$281,537$919,927
81$1,525,496$415,045$228,431$933,947
82$1,616,589$370,874$171,576$948,948
83$1,714,941$322,507$110,783$965,098
84$1,821,229$269,674$45,859$982,588
85$1,936,196$212,090$0$1,001,636
86$2,060,660$149,455$0$1,029,236
87$2,195,519$81,449$0$1,073,454
88$2,341,761$7,739$0$1,121,439
89$2,500,472$0$0$1,173,612
90$2,672,846$0$0$1,253,423
91$2,860,199$0$0$1,342,925
92$3,063,975$0$0$1,440,348
93$3,285,766$0$0$1,546,463
94$3,527,321$0$0$1,662,116
95$3,790,566$0$0$1,788,239
96$4,077,622$0$0$1,925,860
97$4,390,820$0$0$2,076,108
98$4,732,729$0$0$2,240,226
99$5,106,175$0$0$2,419,583
100$5,514,270$0$0$2,615,687