Can I retire at age 67 with 625,000?

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 $625,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.5%
1 years$51,612$51,152$50,704$50,266$49,838$49,114
2 years$25,550$25,075$24,613$24,166$23,733$23,004
3 years$16,864$16,387$15,927$15,484$15,057$14,347
4 years$12,522$12,046$11,590$11,155$10,739$10,053
5 years$9,918$9,444$8,995$8,568$8,163$7,504
6 years$8,182$7,712$7,269$6,852$6,459$5,827
7 years$6,942$6,476$6,041$5,633$5,253$4,648
8 years$6,013$5,551$5,123$4,726$4,358$3,780
9 years$5,291$4,834$4,412$4,025$3,670$3,119
10 years$4,714$4,261$3,847$3,470$3,127$2,602
11 years$4,241$3,793$3,387$3,020$2,689$2,191
12 years$3,848$3,404$3,006$2,649$2,331$1,857
13 years$3,516$3,076$2,685$2,338$2,032$1,583
14 years$3,231$2,796$2,413$2,076$1,782$1,357
15 years$2,984$2,555$2,178$1,851$1,569$1,167
16 years$2,769$2,344$1,975$1,658$1,386$1,007
17 years$2,579$2,159$1,797$1,489$1,229$871
18 years$2,410$1,995$1,641$1,342$1,093$756
19 years$2,260$1,849$1,502$1,213$974$657
20 years$2,124$1,718$1,378$1,098$870$572
21 years$2,002$1,600$1,268$997$779$499
22 years$1,891$1,494$1,168$906$698$436
23 years$1,789$1,397$1,079$825$627$381
24 years$1,697$1,309$998$753$563$333
25 years$1,611$1,228$924$688$507$292
26 years$1,533$1,154$857$629$456$256
27 years$1,460$1,086$796$575$412$224
28 years$1,393$1,024$740$527$371$197
29 years$1,330$966$689$483$335$173
30 years$1,272$912$641$444$303$152
31 years$1,218$862$598$408$274$133
32 years$1,167$816$558$375$248$117
33 years$1,119$773$521$344$224$103
34 years$1,074$732$487$317$203$91
35 years$1,032$695$455$292$184$80
36 years$993$659$426$269$167$70
37 years$955$626$398$248$151$62
38 years$920$595$373$228$137$54
39 years$886$566$350$210$124$48
40 years$854$538$328$194$113$42
41 years$824$512$307$179$102$37
42 years$796$488$288$165$93$33
43 years$768$465$270$153$84$29
44 years$743$443$254$141$76$25
45 years$718$423$238$130$69$22
46 years$694$403$224$120$63$20
47 years$672$385$210$111$57$17
48 years$650$367$198$103$52$15
49 years$630$351$186$95$47$13
50 years$610$335$175$88$43$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $625,000, adding $3,163 every year, while hoping to spend $49,095 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: 61/32/7 Blend
66$625,000$625,000$625,000$625,000
67$692,013$658,888$649,200$733,065
68$710,361$638,936$618,712$740,950
69$728,936$616,362$585,556$743,592
70$747,708$590,984$549,593$745,226
71$766,644$562,613$510,674$745,756
72$785,706$531,044$468,646$745,078
73$804,849$496,067$423,346$743,077
74$824,023$457,454$374,608$739,633
75$843,171$414,967$322,255$734,614
76$862,227$368,353$266,104$727,879
77$881,119$317,347$205,963$719,275
78$899,762$261,666$141,632$708,637
79$918,064$201,013$72,902$695,787
80$935,917$135,074$0$680,533
81$953,204$63,516$0$662,701
82$969,792$0$0$647,847
83$985,532$0$0$635,230
84$1,000,257$0$0$644,269
85$1,013,781$0$0$652,475
86$1,025,897$0$0$659,705
87$1,036,373$0$0$665,805
88$1,044,951$0$0$670,599
89$1,051,345$0$0$673,895
90$1,055,235$0$0$675,475
91$1,056,266$0$0$675,101
92$1,054,045$0$0$672,507
93$1,048,133$0$0$667,398
94$1,038,045$0$0$659,446
95$1,023,243$0$0$648,287
96$1,003,130$0$0$633,521
97$977,044$0$0$614,700
98$944,252$0$0$591,331
99$903,943$0$0$562,867
100$855,220$0$0$528,703