Can I retire at age 67 with 677,000?

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 $677,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.6%
1 years$55,906$55,408$54,922$54,448$53,985$52,960
2 years$27,676$27,161$26,661$26,177$25,707$24,678
3 years$18,268$17,750$17,252$16,772$16,310$15,309
4 years$13,564$13,048$12,555$12,083$11,632$10,668
5 years$10,743$10,230$9,743$9,281$8,843$7,917
6 years$8,863$8,353$7,874$7,422$6,997$6,111
7 years$7,520$7,015$6,543$6,102$5,690$4,845
8 years$6,514$6,013$5,549$5,119$4,721$3,915
9 years$5,731$5,236$4,779$4,360$3,975$3,209
10 years$5,106$4,615$4,167$3,759$3,387$2,660
11 years$4,594$4,108$3,668$3,271$2,913$2,224
12 years$4,168$3,688$3,256$2,869$2,525$1,872
13 years$3,808$3,332$2,909$2,533$2,201$1,584
14 years$3,500$3,029$2,613$2,249$1,930$1,347
15 years$3,233$2,767$2,360$2,005$1,699$1,150
16 years$2,999$2,539$2,139$1,796$1,502$985
17 years$2,794$2,338$1,947$1,613$1,331$846
18 years$2,611$2,161$1,777$1,454$1,184$728
19 years$2,448$2,002$1,627$1,314$1,055$628
20 years$2,301$1,861$1,493$1,190$943$542
21 years$2,168$1,733$1,373$1,080$843$469
22 years$2,048$1,618$1,266$982$756$406
23 years$1,938$1,513$1,169$894$679$352
24 years$1,838$1,418$1,081$816$610$305
25 years$1,745$1,330$1,001$745$549$265
26 years$1,660$1,250$928$681$494$230
27 years$1,582$1,177$862$623$446$200
28 years$1,509$1,109$801$571$402$174
29 years$1,441$1,046$746$524$363$151
30 years$1,378$988$695$481$328$132
31 years$1,319$934$648$441$297$115
32 years$1,264$884$604$406$268$100
33 years$1,212$837$564$373$243$87
34 years$1,164$793$527$343$220$76
35 years$1,118$752$493$316$199$66
36 years$1,075$714$461$291$180$58
37 years$1,035$678$432$268$164$50
38 years$996$645$404$247$148$44
39 years$960$613$379$228$134$38
40 years$926$583$355$210$122$33
41 years$893$555$333$194$111$29
42 years$862$529$312$179$100$25
43 years$832$504$293$165$91$22
44 years$804$480$275$153$83$19
45 years$778$458$258$141$75$17
46 years$752$437$242$130$68$15
47 years$728$417$228$120$62$13
48 years$705$398$214$111$56$11
49 years$682$380$201$103$51$10
50 years$661$363$189$95$46$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $677,000, adding $6,167 every year, while hoping to spend $51,804 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: 67/21/12 Blend
66$677,000$677,000$677,000$677,000
67$752,415$716,534$706,041$800,421
68$774,043$696,525$674,574$813,160
69$796,140$673,800$640,317$820,364
70$818,700$648,170$603,121$826,910
71$841,713$619,436$562,832$832,729
72$865,169$587,390$519,288$837,744
73$889,051$551,807$472,319$841,877
74$913,342$512,453$421,750$845,038
75$938,020$469,080$367,395$847,136
76$963,057$421,424$309,062$848,067
77$988,423$369,208$246,550$847,724
78$1,014,081$312,138$179,648$845,989
79$1,039,988$249,904$108,137$842,735
80$1,066,096$182,178$31,789$837,825
81$1,092,348$108,615$0$831,113
82$1,118,679$28,848$0$828,800
83$1,145,015$0$0$829,111
84$1,171,273$0$0$841,109
85$1,197,358$0$0$859,622
86$1,223,161$0$0$877,904
87$1,248,562$0$0$895,865
88$1,273,424$0$0$913,402
89$1,297,594$0$0$930,403
90$1,320,899$0$0$946,738
91$1,343,146$0$0$962,265
92$1,364,118$0$0$976,823
93$1,383,575$0$0$990,233
94$1,401,247$0$0$1,002,294
95$1,416,832$0$0$1,012,784
96$1,429,996$0$0$1,021,454
97$1,440,365$0$0$1,028,027
98$1,447,524$0$0$1,032,195
99$1,451,010$0$0$1,033,618
100$1,450,311$0$0$1,031,913