Can I retire at age 67 with 637,000?

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 $637,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.8%
1 years$52,603$52,134$51,677$51,231$50,795$49,995
2 years$26,041$25,556$25,086$24,630$24,188$23,384
3 years$17,188$16,701$16,232$15,781$15,346$14,563
4 years$12,763$12,277$11,813$11,369$10,945$10,189
5 years$10,108$9,625$9,167$8,733$8,320$7,593
6 years$8,339$7,860$7,409$6,984$6,583$5,887
7 years$7,076$6,601$6,157$5,742$5,354$4,688
8 years$6,129$5,658$5,221$4,816$4,442$3,806
9 years$5,393$4,926$4,497$4,103$3,741$3,135
10 years$4,804$4,342$3,921$3,536$3,187$2,611
11 years$4,323$3,866$3,452$3,078$2,741$2,193
12 years$3,922$3,470$3,063$2,700$2,375$1,856
13 years$3,583$3,136$2,737$2,383$2,071$1,579
14 years$3,293$2,850$2,459$2,116$1,816$1,350
15 years$3,042$2,604$2,220$1,887$1,599$1,159
16 years$2,822$2,389$2,013$1,689$1,413$998
17 years$2,629$2,200$1,832$1,518$1,253$862
18 years$2,457$2,033$1,672$1,368$1,114$746
19 years$2,303$1,884$1,531$1,236$993$647
20 years$2,165$1,751$1,405$1,120$887$562
21 years$2,040$1,631$1,292$1,016$794$489
22 years$1,927$1,522$1,191$924$711$426
23 years$1,824$1,424$1,100$841$639$372
24 years$1,729$1,334$1,017$767$574$325
25 years$1,642$1,252$942$701$516$284
26 years$1,562$1,177$874$641$465$248
27 years$1,488$1,107$811$586$419$217
28 years$1,420$1,043$754$537$378$190
29 years$1,356$984$702$493$342$166
30 years$1,297$930$654$452$309$146
31 years$1,241$879$609$415$279$128
32 years$1,189$831$569$382$253$112
33 years$1,141$787$531$351$229$98
34 years$1,095$746$496$323$207$86
35 years$1,052$708$464$297$187$76
36 years$1,012$672$434$274$170$66
37 years$974$638$406$252$154$58
38 years$937$606$380$233$140$51
39 years$903$577$356$214$127$45
40 years$871$549$334$198$115$39
41 years$840$522$313$182$104$35
42 years$811$497$294$168$94$30
43 years$783$474$276$155$86$27
44 years$757$452$259$144$78$23
45 years$732$431$243$133$71$21
46 years$708$411$228$122$64$18
47 years$685$392$214$113$58$16
48 years$663$374$201$105$53$14
49 years$642$357$189$97$48$12
50 years$622$341$178$89$44$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $637,000, adding $5,580 every year, while hoping to spend $38,840 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: 31/48/21 Blend
66$637,000$637,000$637,000$637,000
67$707,730$673,969$664,095$724,905
68$738,593$665,668$645,017$730,056
69$771,302$655,658$623,998$731,709
70$806,005$643,816$600,932$732,678
71$842,862$630,008$575,708$732,929
72$882,051$614,094$548,211$732,424
73$923,762$595,927$518,318$731,131
74$968,209$575,350$485,904$729,013
75$1,015,620$552,197$450,837$726,038
76$1,066,251$526,292$412,977$722,174
77$1,120,377$497,449$372,180$717,392
78$1,178,304$465,472$328,296$711,662
79$1,240,363$430,153$281,167$704,961
80$1,306,922$391,272$230,628$697,266
81$1,378,381$348,598$176,507$688,562
82$1,455,181$301,884$118,625$678,836
83$1,537,805$250,871$56,794$668,082
84$1,626,784$195,287$0$656,300
85$1,722,700$134,840$0$645,561
86$1,826,195$69,226$0$647,537
87$1,937,970$0$0$649,568
88$2,058,801$0$0$652,736
89$2,189,535$0$0$695,804
90$2,331,108$0$0$742,524
91$2,484,545$0$0$793,246
92$2,650,977$0$0$848,353
93$2,831,644$0$0$908,268
94$3,027,913$0$0$973,457
95$3,241,286$0$0$1,044,430
96$3,473,415$0$0$1,121,750
97$3,726,120$0$0$1,206,036
98$4,001,400$0$0$1,297,971
99$4,301,458$0$0$1,398,303
100$4,628,718$0$0$1,507,860