Can I retire at age 67 with 524,000?

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 $524,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.9%
1 years$43,271$42,886$42,510$42,143$41,784$40,286
2 years$21,422$21,023$20,636$20,261$19,897$18,404
3 years$14,139$13,738$13,353$12,981$12,624$11,182
4 years$10,499$10,099$9,717$9,352$9,003$7,625
5 years$8,315$7,918$7,541$7,184$6,844$5,532
6 years$6,860$6,466$6,094$5,745$5,416$4,171
7 years$5,821$5,430$5,064$4,723$4,404$3,227
8 years$5,042$4,654$4,295$3,962$3,654$2,543
9 years$4,436$4,052$3,699$3,375$3,077$2,031
10 years$3,952$3,572$3,225$2,909$2,622$1,638
11 years$3,556$3,180$2,839$2,532$2,255$1,332
12 years$3,226$2,854$2,520$2,221$1,954$1,090
13 years$2,948$2,579$2,251$1,961$1,704$897
14 years$2,709$2,345$2,023$1,740$1,494$740
15 years$2,502$2,142$1,826$1,552$1,315$613
16 years$2,322$1,965$1,656$1,390$1,162$509
17 years$2,162$1,810$1,507$1,249$1,031$424
18 years$2,021$1,672$1,375$1,125$916$353
19 years$1,894$1,550$1,259$1,017$817$295
20 years$1,781$1,440$1,156$921$730$246
21 years$1,678$1,341$1,063$836$653$206
22 years$1,585$1,252$980$760$585$173
23 years$1,500$1,171$905$692$525$145
24 years$1,422$1,097$837$631$472$121
25 years$1,351$1,030$775$576$425$102
26 years$1,285$968$719$527$383$85
27 years$1,224$911$667$482$345$72
28 years$1,168$858$620$442$311$60
29 years$1,115$810$577$405$281$51
30 years$1,067$765$538$372$254$43
31 years$1,021$723$501$342$230$36
32 years$978$684$468$314$208$30
33 years$938$648$437$289$188$25
34 years$901$614$408$266$170$21
35 years$866$582$381$245$154$18
36 years$832$553$357$225$140$15
37 years$801$525$334$208$127$13
38 years$771$499$313$191$115$11
39 years$743$474$293$176$104$9
40 years$716$451$275$163$94$7
41 years$691$430$258$150$86$6
42 years$667$409$242$139$78$5
43 years$644$390$227$128$71$4
44 years$623$372$213$118$64$4
45 years$602$354$200$109$58$3
46 years$582$338$188$101$53$3
47 years$563$323$176$93$48$2
48 years$545$308$166$86$44$2
49 years$528$294$156$79$40$2
50 years$512$281$146$73$36$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $524,000, adding $6,356 every year, while hoping to spend $30,903 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: 30/40/30 Blend
66$524,000$524,000$524,000$524,000
67$584,004$556,232$548,110$596,013
68$610,692$550,607$533,591$600,351
69$639,066$543,670$517,550$601,909
70$669,267$535,326$499,904$602,985
71$701,445$525,470$480,564$603,558
72$735,769$513,995$459,439$603,609
73$772,422$500,784$436,435$603,122
74$811,603$485,717$411,450$602,079
75$853,534$468,665$384,380$600,468
76$898,454$449,489$355,117$598,278
77$946,629$428,047$323,546$595,499
78$998,349$404,185$289,549$592,126
79$1,053,932$377,741$253,000$588,159
80$1,113,727$348,545$213,770$583,601
81$1,178,119$316,415$171,722$578,461
82$1,247,529$281,161$126,717$572,755
83$1,322,419$242,581$78,604$566,504
84$1,403,299$200,460$27,231$559,741
85$1,490,728$154,575$0$552,504
86$1,585,320$104,687$0$553,679
87$1,687,750$50,544$0$564,372
88$1,798,760$0$0$575,991
89$1,919,168$0$0$592,261
90$2,049,871$0$0$634,141
91$2,191,857$0$0$679,710
92$2,346,211$0$0$729,325
93$2,514,129$0$0$783,379
94$2,696,926$0$0$842,306
95$2,896,049$0$0$906,583
96$3,113,089$0$0$976,735
97$3,349,798$0$0$1,053,339
98$3,608,107$0$0$1,137,031
99$3,890,136$0$0$1,228,512
100$4,198,224$0$0$1,328,553