Can I retire at age 67 with 511,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $511,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.3%
1 years$42,198$41,822$41,455$41,097$40,748$40,189
2 years$20,890$20,501$20,124$19,758$19,404$18,841
3 years$13,788$13,398$13,022$12,659$12,311$11,762
4 years$10,238$9,849$9,476$9,120$8,780$8,250
5 years$8,109$7,721$7,354$7,005$6,674$6,165
6 years$6,689$6,305$5,943$5,602$5,281$4,792
7 years$5,676$5,295$4,939$4,606$4,295$3,827
8 years$4,916$4,539$4,188$3,864$3,563$3,116
9 years$4,326$3,952$3,608$3,291$3,001$2,574
10 years$3,854$3,483$3,145$2,837$2,557$2,150
11 years$3,468$3,101$2,769$2,469$2,199$1,812
12 years$3,146$2,783$2,457$2,166$1,906$1,538
13 years$2,874$2,515$2,195$1,912$1,662$1,313
14 years$2,642$2,286$1,973$1,697$1,457$1,127
15 years$2,440$2,089$1,781$1,514$1,282$970
16 years$2,264$1,916$1,615$1,355$1,133$839
17 years$2,109$1,765$1,469$1,218$1,005$727
18 years$1,971$1,631$1,341$1,097$894$631
19 years$1,847$1,511$1,228$992$796$550
20 years$1,737$1,404$1,127$898$711$479
21 years$1,637$1,308$1,037$815$637$419
22 years$1,546$1,221$955$741$571$366
23 years$1,463$1,142$882$675$512$321
24 years$1,387$1,070$816$616$460$281
25 years$1,317$1,004$756$562$414$246
26 years$1,253$944$701$514$373$216
27 years$1,194$888$651$470$336$190
28 years$1,139$837$605$431$304$167
29 years$1,088$790$563$395$274$147
30 years$1,040$746$524$363$248$129
31 years$996$705$489$333$224$114
32 years$954$667$456$306$203$100
33 years$915$632$426$282$183$88
34 years$879$599$398$259$166$78
35 years$844$568$372$238$150$68
36 years$812$539$348$220$136$60
37 years$781$512$326$202$123$53
38 years$752$486$305$187$112$47
39 years$725$463$286$172$102$41
40 years$699$440$268$159$92$36
41 years$674$419$251$146$84$32
42 years$651$399$236$135$76$28
43 years$628$380$221$125$69$25
44 years$607$362$208$115$62$22
45 years$587$346$195$106$57$19
46 years$568$330$183$98$51$17
47 years$549$315$172$91$47$15
48 years$532$300$162$84$42$13
49 years$515$287$152$77$39$12
50 years$499$274$143$72$35$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $511,000, adding $3,823 every year, while hoping to spend $44,181 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: 67/28/5 Blend
66$511,000$511,000$511,000$511,000
67$567,065$539,982$532,062$604,455
68$577,898$519,433$502,878$609,176
69$588,354$496,397$471,235$608,619
70$598,350$470,704$437,005$606,811
71$607,790$442,176$400,053$603,624
72$616,567$410,626$360,238$598,917
73$624,564$375,853$317,412$592,535
74$631,647$337,647$271,423$584,311
75$637,669$295,786$222,109$574,063
76$642,465$250,033$169,304$561,591
77$645,853$200,141$112,832$546,679
78$647,629$145,847$52,511$529,089
79$647,566$86,873$0$508,565
80$645,415$22,927$0$485,456
81$640,895$0$0$461,855
82$633,699$0$0$448,897
83$623,483$0$0$440,756
84$609,867$0$0$430,086
85$592,429$0$0$416,575
86$570,705$0$0$399,878
87$544,177$0$0$379,614
88$512,273$0$0$355,360
89$474,362$0$0$326,648
90$429,744$0$0$292,962
91$377,645$0$0$253,729
92$317,211$0$0$208,317
93$247,494$0$0$156,027
94$167,452$0$0$96,087
95$75,929$0$0$27,644
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0