Can I retire at age 67 with 671,000?

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 $671,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.4%
1 years$55,411$54,917$54,435$53,965$53,506$51,485
2 years$27,431$26,920$26,425$25,945$25,479$23,466
3 years$18,106$17,593$17,099$16,623$16,165$14,224
4 years$13,444$12,932$12,443$11,976$11,529$9,674
5 years$10,648$10,139$9,657$9,199$8,764$7,001
6 years$8,784$8,279$7,804$7,356$6,935$5,264
7 years$7,453$6,953$6,485$6,048$5,640$4,061
8 years$6,456$5,960$5,500$5,074$4,679$3,190
9 years$5,680$5,189$4,737$4,322$3,940$2,540
10 years$5,060$4,574$4,130$3,725$3,357$2,043
11 years$4,554$4,072$3,636$3,242$2,887$1,656
12 years$4,131$3,655$3,227$2,844$2,502$1,351
13 years$3,774$3,303$2,883$2,511$2,182$1,107
14 years$3,469$3,002$2,590$2,229$1,913$911
15 years$3,204$2,743$2,339$1,988$1,684$751
16 years$2,973$2,516$2,120$1,780$1,488$622
17 years$2,769$2,317$1,929$1,599$1,320$516
18 years$2,588$2,141$1,761$1,441$1,173$428
19 years$2,426$1,985$1,612$1,302$1,046$356
20 years$2,281$1,844$1,480$1,179$934$297
21 years$2,149$1,718$1,361$1,070$836$247
22 years$2,030$1,604$1,254$973$749$206
23 years$1,921$1,500$1,158$886$673$172
24 years$1,821$1,405$1,071$808$605$144
25 years$1,730$1,319$992$738$544$120
26 years$1,646$1,239$920$675$490$100
27 years$1,568$1,166$854$618$442$84
28 years$1,496$1,099$794$566$399$70
29 years$1,428$1,037$739$519$360$59
30 years$1,366$979$689$476$325$49
31 years$1,307$926$642$438$294$41
32 years$1,253$876$599$402$266$34
33 years$1,202$829$559$370$241$29
34 years$1,154$786$522$340$218$24
35 years$1,108$746$488$313$197$20
36 years$1,066$708$457$288$179$17
37 years$1,025$672$428$266$162$14
38 years$987$639$401$245$147$12
39 years$951$607$375$226$133$10
40 years$917$578$352$208$121$8
41 years$885$550$330$192$110$7
42 years$854$524$309$177$100$6
43 years$825$499$290$164$90$5
44 years$797$476$273$151$82$4
45 years$771$454$256$140$74$3
46 years$745$433$240$129$68$3
47 years$721$413$226$119$61$2
48 years$698$394$212$110$56$2
49 years$676$377$199$102$51$2
50 years$655$360$187$94$46$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $671,000, adding $4,967 every year, while hoping to spend $42,893 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: 78/12/10 Blend
66$671,000$671,000$671,000$671,000
67$744,565$709,002$698,602$800,994
68$774,873$698,106$676,367$827,882
69$806,835$685,238$651,950$851,340
70$840,574$670,256$625,232$875,825
71$876,225$653,011$596,090$901,422
72$913,934$633,342$564,393$928,223
73$953,862$611,083$530,007$956,333
74$996,184$586,054$492,790$985,863
75$1,041,091$558,068$452,595$1,016,940
76$1,088,793$526,923$409,268$1,049,703
77$1,139,518$492,410$362,646$1,084,305
78$1,193,516$454,306$312,562$1,120,916
79$1,251,062$412,374$258,840$1,159,723
80$1,312,455$366,366$201,297$1,200,936
81$1,378,025$316,017$139,739$1,244,782
82$1,448,132$261,050$73,969$1,291,517
83$1,523,170$201,170$3,775$1,341,422
84$1,603,573$136,066$0$1,394,807
85$1,689,815$65,412$0$1,459,606
86$1,782,419$0$0$1,529,532
87$1,881,956$0$0$1,606,100
88$1,989,054$0$0$1,697,793
89$2,104,403$0$0$1,796,568
90$2,228,761$0$0$1,903,073
91$2,362,958$0$0$2,018,024
92$2,507,910$0$0$2,142,207
93$2,664,621$0$0$2,276,485
94$2,834,195$0$0$2,421,805
95$3,017,846$0$0$2,579,212
96$3,216,908$0$0$2,749,851
97$3,432,848$0$0$2,934,983
98$3,667,280$0$0$3,135,996
99$3,921,979$0$0$3,354,413
100$4,198,898$0$0$3,591,913