Can I retire at age 67 with 628,000?

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 $628,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12%
1 years$51,860$51,398$50,947$50,507$50,078$49,658
2 years$25,673$25,195$24,732$24,282$23,846$23,424
3 years$16,945$16,465$16,003$15,558$15,129$14,716
4 years$12,582$12,104$11,646$11,209$10,790$10,390
5 years$9,965$9,489$9,038$8,609$8,203$7,817
6 years$8,221$7,749$7,304$6,885$6,490$6,119
7 years$6,976$6,507$6,070$5,660$5,278$4,922
8 years$6,042$5,578$5,147$4,748$4,379$4,037
9 years$5,316$4,857$4,434$4,045$3,688$3,361
10 years$4,736$4,281$3,865$3,486$3,142$2,830
11 years$4,262$3,811$3,403$3,034$2,702$2,404
12 years$3,867$3,421$3,020$2,661$2,342$2,058
13 years$3,533$3,091$2,698$2,350$2,042$1,772
14 years$3,247$2,810$2,424$2,086$1,790$1,533
15 years$2,999$2,567$2,189$1,860$1,576$1,332
16 years$2,782$2,355$1,984$1,666$1,393$1,162
17 years$2,591$2,169$1,806$1,496$1,235$1,016
18 years$2,422$2,004$1,648$1,349$1,098$891
19 years$2,271$1,857$1,509$1,219$979$783
20 years$2,134$1,726$1,385$1,104$874$689
21 years$2,011$1,608$1,274$1,002$782$608
22 years$1,900$1,501$1,174$911$701$537
23 years$1,798$1,404$1,084$829$630$475
24 years$1,705$1,315$1,003$756$566$420
25 years$1,619$1,234$929$691$509$372
26 years$1,540$1,160$861$632$459$330
27 years$1,467$1,092$800$578$414$293
28 years$1,400$1,029$743$530$373$260
29 years$1,337$970$692$486$337$231
30 years$1,278$916$644$446$304$206
31 years$1,224$866$601$409$275$183
32 years$1,173$820$561$376$249$163
33 years$1,125$776$523$346$225$145
34 years$1,080$736$489$318$204$129
35 years$1,037$698$457$293$185$115
36 years$997$662$428$270$167$103
37 years$960$629$400$249$152$91
38 years$924$598$375$229$138$81
39 years$890$569$351$211$125$73
40 years$859$541$329$195$113$65
41 years$828$515$309$180$103$58
42 years$800$490$290$166$93$51
43 years$772$467$272$153$85$46
44 years$746$445$255$141$77$41
45 years$721$425$239$131$70$37
46 years$698$405$225$121$63$33
47 years$675$387$211$112$57$29
48 years$654$369$199$103$52$26
49 years$633$352$187$95$47$23
50 years$613$337$175$88$43$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $628,000, adding $5,320 every year, while hoping to spend $38,057 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: 64/8/28 Blend
66$628,000$628,000$628,000$628,000
67$697,544$664,260$654,526$736,684
68$728,201$656,316$635,960$755,879
69$760,709$646,708$615,497$772,179
70$795,218$635,313$593,032$789,164
71$831,890$622,002$568,458$806,906
72$870,902$606,640$541,661$825,487
73$912,449$589,081$512,522$844,997
74$956,745$569,172$480,917$865,539
75$1,004,023$546,751$446,718$887,225
76$1,054,538$521,646$409,788$910,183
77$1,108,571$493,677$369,986$934,555
78$1,166,429$462,651$327,164$960,498
79$1,228,449$428,366$281,169$988,189
80$1,295,002$390,606$231,839$1,017,825
81$1,366,492$349,146$179,005$1,049,622
82$1,443,365$303,745$122,493$1,083,826
83$1,526,110$254,151$62,118$1,120,706
84$1,615,265$200,095$0$1,160,564
85$1,711,418$141,296$0$1,204,424
86$1,815,217$77,454$0$1,271,819
87$1,927,375$8,255$0$1,344,645
88$2,048,674$0$0$1,423,425
89$2,179,973$0$0$1,514,602
90$2,322,219$0$0$1,614,204
91$2,476,450$0$0$1,722,236
92$2,643,809$0$0$1,839,504
93$2,825,555$0$0$1,966,894
94$3,023,068$0$0$2,105,381
95$3,237,872$0$0$2,256,035
96$3,471,638$0$0$2,420,037
97$3,726,209$0$0$2,598,685
98$4,003,611$0$0$2,793,407
99$4,306,073$0$0$3,005,775
100$4,636,051$0$0$3,237,518