Can I retire at age 67 with 662,000?

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 $662,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.2%
1 years$54,667$54,180$53,705$53,242$52,789$52,522
2 years$27,063$26,559$26,071$25,597$25,138$24,868
3 years$17,863$17,357$16,869$16,400$15,948$15,685
4 years$13,264$12,759$12,277$11,815$11,374$11,119
5 years$10,505$10,003$9,527$9,075$8,647$8,400
6 years$8,666$8,168$7,699$7,258$6,842$6,604
7 years$7,353$6,860$6,398$5,967$5,564$5,336
8 years$6,369$5,880$5,426$5,005$4,616$4,397
9 years$5,604$5,120$4,674$4,264$3,887$3,677
10 years$4,993$4,513$4,075$3,675$3,312$3,111
11 years$4,492$4,017$3,587$3,199$2,849$2,656
12 years$4,076$3,606$3,183$2,806$2,469$2,285
13 years$3,724$3,259$2,844$2,477$2,153$1,977
14 years$3,422$2,962$2,556$2,199$1,887$1,720
15 years$3,161$2,706$2,307$1,961$1,661$1,502
16 years$2,933$2,483$2,092$1,756$1,468$1,317
17 years$2,732$2,286$1,904$1,578$1,302$1,158
18 years$2,553$2,113$1,738$1,422$1,158$1,021
19 years$2,393$1,958$1,591$1,285$1,032$903
20 years$2,250$1,819$1,460$1,163$922$799
21 years$2,120$1,695$1,343$1,056$825$709
22 years$2,003$1,582$1,238$960$739$630
23 years$1,895$1,480$1,143$874$664$561
24 years$1,797$1,386$1,057$797$597$499
25 years$1,707$1,301$979$728$537$445
26 years$1,624$1,223$908$666$483$397
27 years$1,547$1,151$843$610$436$355
28 years$1,475$1,084$784$558$393$317
29 years$1,409$1,023$729$512$355$284
30 years$1,348$966$679$470$321$254
31 years$1,290$913$633$432$290$227
32 years$1,236$864$591$397$262$204
33 years$1,186$818$552$365$238$183
34 years$1,138$776$515$336$215$164
35 years$1,093$736$482$309$195$147
36 years$1,051$698$451$285$176$132
37 years$1,012$663$422$262$160$118
38 years$974$630$395$242$145$106
39 years$939$599$370$223$131$95
40 years$905$570$347$206$119$85
41 years$873$543$325$190$108$77
42 years$843$517$305$175$98$69
43 years$814$492$286$162$89$62
44 years$787$469$269$149$81$56
45 years$760$448$252$138$73$50
46 years$735$427$237$127$67$45
47 years$712$408$223$118$61$40
48 years$689$389$209$109$55$36
49 years$667$372$197$100$50$33
50 years$646$355$185$93$45$29

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $662,000, adding $5,772 every year, while hoping to spend $48,296 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: 37/36/27 Blend
66$662,000$662,000$662,000$662,000
67$735,478$700,392$690,131$756,574
68$759,110$683,324$661,864$755,570
69$783,534$663,802$631,031$749,657
70$808,780$641,653$597,495$742,336
71$834,878$616,697$561,114$733,512
72$861,862$588,742$521,738$723,084
73$889,765$557,584$479,210$710,946
74$918,625$523,009$433,367$696,986
75$948,479$484,791$384,039$681,087
76$979,366$442,688$331,047$663,124
77$1,011,330$396,448$274,205$642,967
78$1,044,414$345,803$213,320$620,478
79$1,078,666$290,468$148,187$595,515
80$1,114,134$230,145$78,596$567,924
81$1,150,871$164,518$4,325$537,546
82$1,188,934$93,253$0$504,214
83$1,228,380$15,997$0$489,339
84$1,269,271$0$0$473,881
85$1,311,675$0$0$483,259
86$1,355,662$0$0$499,570
87$1,401,307$0$0$516,506
88$1,448,690$0$0$534,098
89$1,497,895$0$0$552,378
90$1,549,015$0$0$571,383
91$1,602,147$0$0$591,150
92$1,657,395$0$0$611,721
93$1,714,871$0$0$633,138
94$1,774,694$0$0$655,449
95$1,836,995$0$0$678,704
96$1,901,910$0$0$702,958
97$1,969,589$0$0$728,268
98$2,040,192$0$0$754,700
99$2,113,893$0$0$782,320
100$2,190,877$0$0$811,202