Can I retire at age 67 with 515,000?

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 $515,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.2%
1 years$42,528$42,149$41,780$41,419$41,067$40,188
2 years$21,054$20,661$20,281$19,913$19,556$18,675
3 years$13,896$13,502$13,123$12,758$12,407$11,551
4 years$10,318$9,926$9,551$9,192$8,849$8,025
5 years$8,172$7,782$7,412$7,060$6,727$5,937
6 years$6,742$6,355$5,990$5,646$5,323$4,568
7 years$5,721$5,337$4,977$4,642$4,329$3,609
8 years$4,955$4,574$4,221$3,894$3,591$2,906
9 years$4,360$3,983$3,636$3,317$3,024$2,374
10 years$3,884$3,511$3,170$2,859$2,577$1,960
11 years$3,495$3,125$2,791$2,488$2,216$1,632
12 years$3,171$2,805$2,477$2,183$1,920$1,369
13 years$2,897$2,535$2,213$1,927$1,675$1,154
14 years$2,662$2,304$1,988$1,710$1,468$977
15 years$2,459$2,105$1,795$1,525$1,293$831
16 years$2,282$1,931$1,627$1,366$1,142$709
17 years$2,125$1,779$1,481$1,227$1,013$606
18 years$1,986$1,644$1,352$1,106$901$519
19 years$1,862$1,523$1,238$999$803$446
20 years$1,750$1,415$1,136$905$717$383
21 years$1,649$1,318$1,045$821$642$330
22 years$1,558$1,231$963$747$575$284
23 years$1,474$1,151$889$680$516$245
24 years$1,398$1,078$822$620$464$212
25 years$1,328$1,012$762$567$418$183
26 years$1,263$951$706$518$376$158
27 years$1,203$895$656$474$339$137
28 years$1,148$844$610$434$306$118
29 years$1,096$796$567$398$276$103
30 years$1,048$752$528$366$250$89
31 years$1,004$710$493$336$226$77
32 years$962$672$460$309$204$67
33 years$922$637$429$284$185$58
34 years$885$603$401$261$167$50
35 years$851$572$375$240$152$43
36 years$818$543$351$221$137$38
37 years$787$516$328$204$124$33
38 years$758$490$307$188$113$28
39 years$730$466$288$173$102$25
40 years$704$444$270$160$93$21
41 years$679$422$253$148$84$19
42 years$656$402$237$136$76$16
43 years$633$383$223$126$69$14
44 years$612$365$209$116$63$12
45 years$592$348$196$107$57$11
46 years$572$332$184$99$52$9
47 years$554$317$173$91$47$8
48 years$536$303$163$85$43$7
49 years$519$289$153$78$39$6
50 years$503$276$144$72$35$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $515,000, adding $3,137 every year, while hoping to spend $20,802 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: 25/46/29 Blend
66$515,000$515,000$515,000$515,000
67$570,766$543,471$535,488$579,799
68$606,851$547,968$531,294$592,119
69$645,919$551,988$526,262$603,354
70$688,253$555,486$520,342$614,972
71$734,164$558,413$513,482$627,020
72$783,992$560,719$505,628$639,550
73$838,114$562,348$496,720$652,623
74$896,941$563,243$486,700$666,306
75$960,930$563,343$475,505$680,676
76$1,030,578$562,580$463,069$695,819
77$1,106,438$560,887$449,322$711,833
78$1,189,113$558,190$434,193$728,827
79$1,279,271$554,409$417,607$746,925
80$1,377,644$549,463$399,484$766,265
81$1,485,040$543,262$379,743$787,002
82$1,602,346$535,715$358,297$809,310
83$1,730,542$526,721$335,056$833,385
84$1,870,703$516,176$309,926$859,444
85$2,024,016$503,970$282,810$887,730
86$2,191,785$489,984$253,604$918,517
87$2,375,449$474,095$222,201$952,107
88$2,576,589$456,170$188,489$988,840
89$2,796,949$436,070$152,351$1,029,095
90$3,038,449$413,649$113,666$1,073,291
91$3,303,202$388,749$72,305$1,121,899
92$3,593,538$361,206$28,136$1,175,440
93$3,912,019$330,846$0$1,234,495
94$4,261,473$297,485$0$1,305,589
95$4,645,008$260,927$0$1,393,235
96$5,066,054$220,968$0$1,489,561
97$5,528,385$177,389$0$1,595,503
98$6,036,160$129,960$0$1,712,094
99$6,593,960$78,440$0$1,840,480
100$7,206,832$22,572$0$1,981,926