Can I retire at age 67 with 674,000?

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 $674,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.7%
1 years$55,658$55,163$54,679$54,207$53,746$53,140
2 years$27,554$27,040$26,543$26,061$25,593$24,984
3 years$18,187$17,671$17,175$16,697$16,237$15,643
4 years$13,504$12,990$12,499$12,030$11,581$11,005
5 years$10,695$10,184$9,700$9,240$8,803$8,249
6 years$8,823$8,316$7,839$7,389$6,966$6,434
7 years$7,487$6,984$6,514$6,075$5,665$5,155
8 years$6,485$5,987$5,525$5,096$4,700$4,211
9 years$5,706$5,212$4,758$4,341$3,958$3,491
10 years$5,083$4,595$4,148$3,742$3,372$2,927
11 years$4,574$4,090$3,652$3,257$2,900$2,476
12 years$4,150$3,671$3,241$2,856$2,513$2,110
13 years$3,791$3,318$2,896$2,522$2,192$1,809
14 years$3,484$3,016$2,602$2,239$1,921$1,558
15 years$3,218$2,755$2,349$1,996$1,692$1,347
16 years$2,986$2,528$2,130$1,788$1,495$1,169
17 years$2,781$2,328$1,938$1,606$1,326$1,017
18 years$2,599$2,151$1,769$1,447$1,179$888
19 years$2,437$1,993$1,620$1,308$1,051$776
20 years$2,291$1,852$1,486$1,185$938$680
21 years$2,159$1,725$1,367$1,075$840$596
22 years$2,039$1,611$1,260$977$753$524
23 years$1,930$1,506$1,163$890$676$461
24 years$1,830$1,411$1,076$812$607$406
25 years$1,738$1,325$997$741$546$358
26 years$1,653$1,245$924$678$492$316
27 years$1,575$1,172$858$621$444$279
28 years$1,502$1,104$798$569$400$246
29 years$1,435$1,041$743$521$362$217
30 years$1,372$984$692$479$327$192
31 years$1,313$930$645$439$295$170
32 years$1,258$880$602$404$267$150
33 years$1,207$833$562$371$242$133
34 years$1,159$790$525$342$219$118
35 years$1,113$749$491$315$198$104
36 years$1,070$711$459$290$180$92
37 years$1,030$675$430$267$163$82
38 years$992$642$402$246$148$73
39 years$956$610$377$227$134$64
40 years$921$581$353$209$121$57
41 years$889$553$331$193$110$51
42 years$858$526$311$178$100$45
43 years$829$501$292$164$91$40
44 years$801$478$274$152$82$35
45 years$774$456$257$140$75$31
46 years$749$435$241$130$68$28
47 years$725$415$227$120$62$25
48 years$701$396$213$111$56$22
49 years$679$378$200$102$51$19
50 years$658$361$188$94$46$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $674,000, adding $3,376 every year, while hoping to spend $22,939 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: 82/6/12 Blend
66$674,000$674,000$674,000$674,000
67$746,230$710,508$700,061$805,549
68$797,939$720,916$699,106$855,338
69$854,153$731,065$697,351$906,626
70$915,308$740,919$694,743$962,257
71$981,882$750,437$691,230$1,022,654
72$1,054,404$759,578$686,756$1,088,284
73$1,133,452$768,296$681,261$1,159,661
74$1,219,665$776,544$674,685$1,237,352
75$1,313,747$784,270$666,962$1,321,980
76$1,416,469$791,419$658,025$1,414,232
77$1,528,683$797,934$647,804$1,514,865
78$1,651,327$803,751$636,224$1,624,713
79$1,785,433$808,804$623,207$1,744,695
80$1,932,135$813,024$608,673$1,875,822
81$2,092,686$816,336$592,537$2,019,211
82$2,268,463$818,659$574,709$2,176,089
83$2,460,981$819,908$555,098$2,347,811
84$2,671,913$819,995$533,605$2,535,868
85$2,903,097$818,824$510,129$2,741,904
86$3,156,559$816,292$484,565$2,967,730
87$3,434,530$812,293$456,800$3,215,343
88$3,739,469$806,712$426,719$3,486,941
89$4,074,081$799,428$394,201$3,784,949
90$4,441,350$790,312$359,119$4,112,037
91$4,844,559$779,229$321,341$4,471,147
92$5,287,326$766,033$280,728$4,865,524
93$5,773,638$750,573$237,137$5,298,742
94$6,307,883$732,685$190,415$5,774,739
95$6,894,900$712,199$140,407$6,297,855
96$7,540,016$688,934$86,947$6,872,874
97$8,249,102$662,696$29,864$7,505,068
98$9,028,625$633,282$0$8,200,245
99$9,885,709$600,478$0$8,968,783
100$10,828,206$564,055$0$9,818,101