Can I retire at age 67 with 652,000?

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 $652,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.1%
1 years$53,842$53,362$52,894$52,437$51,991$51,109
2 years$26,654$26,158$25,677$25,210$24,758$23,872
3 years$17,593$17,094$16,615$16,152$15,707$14,845
4 years$13,063$12,566$12,091$11,637$11,203$10,370
5 years$10,346$9,852$9,383$8,938$8,516$7,717
6 years$8,535$8,045$7,583$7,148$6,738$5,973
7 years$7,242$6,756$6,302$5,877$5,480$4,748
8 years$6,273$5,791$5,344$4,930$4,546$3,848
9 years$5,520$5,042$4,603$4,199$3,829$3,164
10 years$4,917$4,445$4,013$3,620$3,262$2,630
11 years$4,425$3,957$3,533$3,150$2,806$2,206
12 years$4,014$3,551$3,135$2,763$2,431$1,863
13 years$3,668$3,209$2,801$2,439$2,120$1,582
14 years$3,371$2,917$2,517$2,165$1,858$1,350
15 years$3,113$2,665$2,272$1,931$1,636$1,156
16 years$2,889$2,445$2,060$1,729$1,446$994
17 years$2,690$2,252$1,875$1,554$1,282$856
18 years$2,515$2,081$1,711$1,400$1,140$740
19 years$2,357$1,928$1,567$1,265$1,016$640
20 years$2,216$1,792$1,438$1,146$908$555
21 years$2,088$1,669$1,323$1,040$812$482
22 years$1,972$1,558$1,219$946$728$419
23 years$1,867$1,457$1,126$861$654$364
24 years$1,770$1,365$1,041$785$587$317
25 years$1,681$1,281$964$717$529$277
26 years$1,599$1,204$894$656$476$241
27 years$1,523$1,133$830$600$429$211
28 years$1,453$1,068$772$550$387$184
29 years$1,388$1,007$718$504$350$161
30 years$1,327$951$669$463$316$140
31 years$1,270$899$624$425$286$123
32 years$1,217$851$582$391$258$107
33 years$1,168$806$543$359$234$94
34 years$1,121$764$508$331$212$82
35 years$1,077$725$475$304$192$72
36 years$1,036$688$444$280$174$63
37 years$996$653$416$258$158$55
38 years$959$621$389$238$143$48
39 years$925$590$365$219$130$42
40 years$891$562$342$202$117$37
41 years$860$535$320$187$107$32
42 years$830$509$301$172$97$28
43 years$802$485$282$159$88$25
44 years$775$462$265$147$80$22
45 years$749$441$249$136$72$19
46 years$724$421$234$125$66$17
47 years$701$401$219$116$60$15
48 years$679$383$206$107$54$13
49 years$657$366$194$99$49$11
50 years$637$350$182$91$45$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $652,000, adding $6,518 every year, while hoping to spend $57,982 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: 80/15/5 Blend
66$652,000$652,000$652,000$652,000
67$725,227$690,671$680,565$782,596
68$737,508$662,822$641,672$793,231
69$749,098$631,664$599,532$796,545
70$759,866$596,976$553,976$798,407
71$769,664$558,520$504,827$798,642
72$778,330$516,046$451,898$797,056
73$785,678$469,292$394,995$793,437
74$791,508$417,977$333,918$787,551
75$795,591$361,807$268,453$779,142
76$797,676$300,471$198,381$767,927
77$797,483$233,638$123,471$753,595
78$794,701$160,962$43,483$735,807
79$788,986$82,074$0$714,187
80$779,955$0$0$690,557
81$767,182$0$0$665,416
82$750,199$0$0$650,100
83$728,484$0$0$630,600
84$701,459$0$0$606,408
85$668,485$0$0$576,961
86$628,856$0$0$541,634
87$581,788$0$0$499,737
88$526,417$0$0$450,507
89$461,784$0$0$393,099
90$386,831$0$0$326,579
91$300,388$0$0$249,916
92$201,163$0$0$161,969
93$87,725$0$0$61,478
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0