Can I retire at age 67 with 531,000?

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 $531,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.6%
1 years$43,849$43,459$43,078$42,706$42,343$41,037
2 years$21,708$21,303$20,912$20,532$20,163$18,859
3 years$14,328$13,922$13,531$13,155$12,792$11,530
4 years$10,639$10,234$9,847$9,477$9,124$7,914
5 years$8,426$8,024$7,642$7,279$6,936$5,781
6 years$6,951$6,552$6,176$5,821$5,488$4,390
7 years$5,898$5,502$5,132$4,786$4,463$3,422
8 years$5,109$4,716$4,352$4,015$3,703$2,717
9 years$4,495$4,107$3,749$3,420$3,118$2,187
10 years$4,005$3,620$3,268$2,948$2,657$1,779
11 years$3,603$3,222$2,877$2,566$2,285$1,459
12 years$3,269$2,892$2,554$2,250$1,980$1,204
13 years$2,987$2,614$2,281$1,987$1,727$999
14 years$2,745$2,376$2,050$1,764$1,514$832
15 years$2,536$2,170$1,851$1,573$1,333$696
16 years$2,353$1,991$1,678$1,408$1,178$583
17 years$2,191$1,834$1,527$1,265$1,044$490
18 years$2,048$1,695$1,394$1,140$929$413
19 years$1,920$1,571$1,276$1,030$828$348
20 years$1,805$1,459$1,171$933$739$294
21 years$1,701$1,359$1,077$847$662$248
22 years$1,606$1,269$993$770$593$210
23 years$1,520$1,187$917$701$532$178
24 years$1,441$1,112$848$640$478$151
25 years$1,369$1,044$785$584$431$128
26 years$1,302$981$728$534$388$108
27 years$1,241$923$676$489$350$92
28 years$1,183$870$629$448$315$78
29 years$1,130$821$585$411$285$66
30 years$1,081$775$545$377$257$56
31 years$1,035$733$508$346$233$48
32 years$991$693$474$318$211$41
33 years$951$656$443$293$191$34
34 years$913$622$413$269$172$29
35 years$877$590$387$248$156$25
36 years$843$560$362$228$142$21
37 years$812$532$338$210$128$18
38 years$781$506$317$194$116$15
39 years$753$481$297$179$105$13
40 years$726$457$278$165$96$11
41 years$700$435$261$152$87$9
42 years$676$415$245$140$79$8
43 years$653$395$230$130$71$7
44 years$631$377$216$120$65$6
45 years$610$359$202$110$59$5
46 years$590$343$190$102$53$4
47 years$571$327$179$94$49$4
48 years$553$312$168$87$44$3
49 years$535$298$158$81$40$3
50 years$518$285$148$74$36$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $531,000, adding $6,344 every year, while hoping to spend $23,568 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: 55/31/14 Blend
66$531,000$531,000$531,000$531,000
67$591,706$563,563$555,332$621,752
68$626,984$566,101$548,860$645,425
69$665,070$567,974$541,381$668,096
70$706,226$569,124$532,836$692,240
71$750,740$569,490$523,165$718,004
72$798,927$569,007$512,302$745,547
73$851,135$567,605$500,182$775,049
74$907,746$565,213$486,733$806,707
75$969,180$561,752$471,883$840,740
76$1,035,899$557,141$455,553$877,391
77$1,108,410$551,290$437,664$916,926
78$1,187,274$544,109$418,131$959,643
79$1,273,105$535,499$396,867$1,005,870
80$1,366,579$525,356$373,780$1,055,971
81$1,468,441$513,570$348,773$1,110,346
82$1,579,512$500,025$321,746$1,169,440
83$1,700,692$484,596$292,595$1,233,744
84$1,832,975$467,153$261,209$1,303,803
85$1,977,453$447,558$227,474$1,380,217
86$2,135,329$425,665$191,271$1,463,650
87$2,307,929$401,319$152,475$1,554,837
88$2,496,710$374,356$110,955$1,654,589
89$2,703,278$344,602$66,575$1,763,805
90$2,929,400$311,876$19,194$1,883,475
91$3,177,025$275,984$0$2,014,696
92$3,448,295$236,720$0$2,163,363
93$3,745,571$193,870$0$2,329,494
94$4,071,455$147,205$0$2,511,720
95$4,428,810$96,485$0$2,711,697
96$4,820,790$41,454$0$2,931,255
97$5,250,870$0$0$3,172,413
98$5,722,876$0$0$3,443,590
99$6,241,024$0$0$3,756,851
100$6,809,957$0$0$4,100,867