Can I retire at age 67 with 668,000?

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 $668,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.2%
1 years$55,163$54,671$54,192$53,724$53,267$52,342
2 years$27,308$26,800$26,307$25,829$25,365$24,436
3 years$18,025$17,514$17,022$16,549$16,093$15,188
4 years$13,384$12,875$12,388$11,923$11,478$10,605
5 years$10,600$10,094$9,613$9,158$8,725$7,887
6 years$8,745$8,242$7,769$7,323$6,904$6,101
7 years$7,420$6,922$6,456$6,021$5,615$4,848
8 years$6,427$5,933$5,475$5,051$4,658$3,927
9 years$5,655$5,166$4,716$4,302$3,923$3,226
10 years$5,038$4,554$4,111$3,709$3,342$2,681
11 years$4,533$4,054$3,620$3,228$2,874$2,246
12 years$4,113$3,639$3,212$2,831$2,491$1,896
13 years$3,758$3,288$2,870$2,499$2,172$1,609
14 years$3,453$2,989$2,579$2,219$1,904$1,372
15 years$3,190$2,730$2,328$1,979$1,677$1,175
16 years$2,959$2,505$2,111$1,772$1,482$1,009
17 years$2,756$2,307$1,921$1,592$1,314$869
18 years$2,576$2,132$1,753$1,435$1,168$750
19 years$2,415$1,976$1,605$1,296$1,041$648
20 years$2,270$1,836$1,473$1,174$930$562
21 years$2,139$1,710$1,355$1,065$832$487
22 years$2,021$1,596$1,249$969$746$423
23 years$1,912$1,493$1,153$882$670$368
24 years$1,813$1,399$1,066$805$602$320
25 years$1,722$1,313$988$735$542$279
26 years$1,638$1,234$916$672$488$243
27 years$1,561$1,161$851$615$440$212
28 years$1,489$1,094$791$564$397$185
29 years$1,422$1,032$736$517$358$161
30 years$1,360$975$685$474$324$141
31 years$1,302$922$639$436$293$123
32 years$1,247$872$596$400$265$108
33 years$1,196$826$557$368$240$94
34 years$1,148$783$520$339$217$82
35 years$1,103$742$486$312$197$72
36 years$1,061$705$455$287$178$63
37 years$1,021$669$426$265$161$55
38 years$983$636$399$244$146$48
39 years$947$605$374$225$133$42
40 years$913$575$350$207$120$37
41 years$881$548$328$191$109$32
42 years$850$522$308$177$99$28
43 years$821$497$289$163$90$25
44 years$794$474$271$151$82$22
45 years$767$452$255$139$74$19
46 years$742$431$239$128$67$17
47 years$718$411$225$119$61$15
48 years$695$393$211$110$55$13
49 years$673$375$199$101$50$11
50 years$652$358$187$94$46$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $668,000, adding $6,326 every year, while hoping to spend $33,496 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: 39/43/18 Blend
66$668,000$668,000$668,000$668,000
67$742,661$707,257$696,903$767,412
68$782,773$706,273$684,610$784,741
69$825,854$704,119$670,782$799,787
70$872,171$700,700$655,333$815,354
71$922,018$695,920$638,172$831,509
72$975,717$689,673$619,205$848,324
73$1,033,622$681,850$598,330$865,883
74$1,096,123$672,332$575,446$884,282
75$1,163,647$660,995$550,442$903,628
76$1,236,663$647,708$523,206$924,042
77$1,315,688$632,331$493,619$945,661
78$1,401,290$614,717$461,557$968,641
79$1,494,092$594,709$426,890$993,153
80$1,594,781$572,141$389,482$1,019,394
81$1,704,111$546,839$349,192$1,047,583
82$1,822,913$518,616$305,873$1,077,965
83$1,952,100$487,278$259,369$1,110,816
84$2,092,676$452,616$209,520$1,146,444
85$2,245,746$414,412$156,156$1,185,194
86$2,412,528$372,434$99,103$1,227,452
87$2,594,360$326,438$38,177$1,273,649
88$2,792,715$276,163$0$1,324,266
89$3,009,215$221,338$0$1,384,994
90$3,245,644$161,673$0$1,459,437
91$3,503,968$96,863$0$1,540,961
92$3,786,350$26,586$0$1,630,351
93$4,095,172$0$0$1,728,476
94$4,433,056$0$0$1,859,722
95$4,802,889$0$0$2,017,235
96$5,207,852$0$0$2,189,801
97$5,651,446$0$0$2,378,923
98$6,137,527$0$0$2,586,257
99$6,670,341$0$0$2,813,627
100$7,254,567$0$0$3,063,041