Can I retire at age 67 with 506,000?

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 $506,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.1%
1 years$41,785$41,413$41,050$40,695$40,349$39,994
2 years$20,686$20,300$19,927$19,565$19,214$18,856
3 years$13,653$13,267$12,894$12,535$12,190$11,841
4 years$10,138$9,752$9,384$9,031$8,694$8,356
5 years$8,029$7,646$7,282$6,937$6,609$6,283
6 years$6,624$6,243$5,885$5,547$5,230$4,916
7 years$5,621$5,243$4,890$4,561$4,253$3,952
8 years$4,868$4,494$4,147$3,826$3,528$3,240
9 years$4,284$3,913$3,572$3,259$2,971$2,695
10 years$3,816$3,449$3,114$2,809$2,532$2,268
11 years$3,434$3,071$2,742$2,445$2,177$1,926
12 years$3,115$2,756$2,433$2,144$1,887$1,647
13 years$2,846$2,491$2,174$1,893$1,645$1,417
14 years$2,616$2,264$1,953$1,681$1,442$1,226
15 years$2,416$2,068$1,764$1,499$1,270$1,064
16 years$2,242$1,898$1,599$1,342$1,122$927
17 years$2,088$1,748$1,455$1,206$995$810
18 years$1,951$1,615$1,328$1,087$885$710
19 years$1,829$1,497$1,216$982$789$624
20 years$1,720$1,391$1,116$889$704$549
21 years$1,621$1,295$1,026$807$630$484
22 years$1,531$1,209$946$734$565$427
23 years$1,449$1,131$873$668$507$377
24 years$1,374$1,060$808$610$456$334
25 years$1,305$994$748$557$410$295
26 years$1,241$935$694$509$370$262
27 years$1,182$880$644$466$333$232
28 years$1,128$829$599$427$301$206
29 years$1,077$782$557$391$271$183
30 years$1,030$738$519$359$245$163
31 years$986$698$484$330$222$144
32 years$945$660$452$303$201$128
33 years$906$625$422$279$182$114
34 years$870$593$394$257$164$102
35 years$836$562$368$236$149$90
36 years$804$534$345$218$135$81
37 years$773$507$323$200$122$72
38 years$745$482$302$185$111$64
39 years$717$458$283$170$101$57
40 years$692$436$265$157$91$51
41 years$667$415$249$145$83$45
42 years$644$395$233$134$75$40
43 years$622$376$219$123$68$36
44 years$601$359$205$114$62$32
45 years$581$342$193$105$56$29
46 years$562$326$181$97$51$25
47 years$544$312$170$90$46$23
48 years$527$297$160$83$42$20
49 years$510$284$150$77$38$18
50 years$494$271$141$71$35$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $506,000, adding $4,004 every year, while hoping to spend $22,556 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: 29/50/21 Blend
66$506,000$506,000$506,000$506,000
67$561,742$534,924$527,081$574,232
68$595,040$537,136$520,739$586,376
69$630,979$538,700$513,428$597,141
70$669,804$539,561$505,093$608,239
71$711,784$539,660$495,674$619,712
72$757,217$538,934$485,110$631,609
73$806,428$537,317$473,336$643,984
74$859,776$534,738$460,285$656,902
75$917,655$531,122$445,886$670,433
76$980,498$526,389$430,065$684,657
77$1,048,782$520,455$412,746$699,668
78$1,123,032$513,232$393,847$715,567
79$1,203,824$504,623$373,284$732,472
80$1,291,794$494,529$350,969$750,513
81$1,387,640$482,844$326,809$769,838
82$1,492,130$469,455$300,709$790,613
83$1,606,112$454,243$272,567$813,024
84$1,730,516$437,082$242,279$837,280
85$1,866,368$417,838$209,734$863,615
86$2,014,796$396,370$174,819$892,290
87$2,177,042$372,529$137,412$923,598
88$2,354,475$346,157$97,390$957,867
89$2,548,600$317,088$54,621$995,462
90$2,761,076$285,144$8,969$1,036,791
91$2,993,728$250,139$0$1,082,309
92$3,248,569$211,876$0$1,141,429
93$3,527,811$170,146$0$1,208,534
94$3,833,896$124,731$0$1,282,276
95$4,169,507$75,396$0$1,363,391
96$4,537,604$21,898$0$1,452,696
97$4,941,446$0$0$1,551,095
98$5,384,621$0$0$1,679,412
99$5,871,083$0$0$1,833,571
100$6,405,187$0$0$2,002,915