Can I retire at age 67 with 518,000?

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 $518,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.7%
1 years$42,776$42,395$42,023$41,660$41,306$41,011
2 years$21,176$20,782$20,400$20,029$19,670$19,372
3 years$13,977$13,581$13,200$12,833$12,479$12,189
4 years$10,378$9,984$9,606$9,245$8,900$8,619
5 years$8,220$7,827$7,455$7,101$6,766$6,494
6 years$6,781$6,392$6,025$5,679$5,354$5,092
7 years$5,754$5,368$5,006$4,669$4,354$4,103
8 years$4,984$4,601$4,246$3,917$3,612$3,371
9 years$4,385$4,006$3,657$3,336$3,042$2,811
10 years$3,907$3,531$3,188$2,876$2,592$2,371
11 years$3,515$3,144$2,807$2,503$2,229$2,018
12 years$3,189$2,821$2,491$2,195$1,932$1,731
13 years$2,914$2,550$2,226$1,938$1,684$1,493
14 years$2,678$2,318$2,000$1,720$1,477$1,294
15 years$2,474$2,117$1,805$1,534$1,300$1,127
16 years$2,295$1,943$1,637$1,374$1,149$985
17 years$2,138$1,789$1,490$1,234$1,019$863
18 years$1,998$1,653$1,360$1,112$906$758
19 years$1,873$1,532$1,245$1,005$807$668
20 years$1,761$1,424$1,142$910$721$589
21 years$1,659$1,326$1,051$826$645$521
22 years$1,567$1,238$968$751$578$461
23 years$1,483$1,158$894$684$519$409
24 years$1,406$1,085$827$624$467$363
25 years$1,335$1,018$766$570$420$322
26 years$1,270$957$710$521$378$286
27 years$1,210$900$660$477$341$255
28 years$1,155$848$613$437$308$227
29 years$1,103$800$571$401$278$202
30 years$1,054$756$532$368$251$180
31 years$1,009$715$496$338$227$161
32 years$967$676$462$310$205$143
33 years$928$640$432$285$186$128
34 years$891$607$403$263$168$114
35 years$856$576$377$242$152$102
36 years$823$546$353$223$138$91
37 years$792$519$330$205$125$81
38 years$762$493$309$189$113$73
39 years$735$469$290$174$103$65
40 years$708$446$272$161$93$58
41 years$683$425$255$148$85$52
42 years$659$404$239$137$77$46
43 years$637$385$224$126$70$42
44 years$615$367$210$117$63$37
45 years$595$350$198$108$57$33
46 years$575$334$186$100$52$30
47 years$557$319$174$92$47$27
48 years$539$304$164$85$43$24
49 years$522$291$154$79$39$21
50 years$506$278$145$73$35$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $518,000, adding $4,050 every year, while hoping to spend $33,407 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: 21/49/30 Blend
66$518,000$518,000$518,000$518,000
67$575,014$547,560$539,531$581,570
68$598,120$538,845$522,060$579,226
69$622,464$528,584$502,885$573,702
70$648,136$516,665$481,912$567,078
71$675,235$502,971$459,045$559,286
72$703,870$487,377$434,184$550,257
73$734,157$469,752$407,222$539,918
74$766,227$449,955$378,049$528,191
75$800,219$427,840$346,551$514,999
76$836,287$403,250$312,606$500,258
77$874,598$376,019$276,089$483,886
78$915,338$345,975$236,868$465,792
79$958,706$312,931$194,807$445,887
80$1,004,923$276,694$149,762$424,078
81$1,054,230$237,056$101,583$400,266
82$1,106,890$193,801$50,115$374,354
83$1,163,193$146,697$0$346,240
84$1,223,456$95,503$0$317,359
85$1,288,027$39,961$0$303,285
86$1,357,287$0$0$287,907
87$1,431,655$0$0$282,066
88$1,511,590$0$0$299,014
89$1,597,596$0$0$317,317
90$1,690,227$0$0$337,103
91$1,790,092$0$0$358,512
92$1,897,858$0$0$381,695
93$2,014,259$0$0$406,821
94$2,140,102$0$0$434,075
95$2,276,273$0$0$463,660
96$2,423,747$0$0$495,800
97$2,583,595$0$0$530,741
98$2,756,995$0$0$568,754
99$2,945,243$0$0$610,137
100$3,149,764$0$0$655,216