Can I retire at age 67 with 531,000?

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 $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%12%
1 years$43,849$43,459$43,078$42,706$42,343$41,988
2 years$21,708$21,303$20,912$20,532$20,163$19,806
3 years$14,328$13,922$13,531$13,155$12,792$12,443
4 years$10,639$10,234$9,847$9,477$9,124$8,785
5 years$8,426$8,024$7,642$7,279$6,936$6,609
6 years$6,951$6,552$6,176$5,821$5,488$5,174
7 years$5,898$5,502$5,132$4,786$4,463$4,162
8 years$5,109$4,716$4,352$4,015$3,703$3,414
9 years$4,495$4,107$3,749$3,420$3,118$2,842
10 years$4,005$3,620$3,268$2,948$2,657$2,393
11 years$3,603$3,222$2,877$2,566$2,285$2,033
12 years$3,269$2,892$2,554$2,250$1,980$1,740
13 years$2,987$2,614$2,281$1,987$1,727$1,498
14 years$2,745$2,376$2,050$1,764$1,514$1,296
15 years$2,536$2,170$1,851$1,573$1,333$1,126
16 years$2,353$1,991$1,678$1,408$1,178$982
17 years$2,191$1,834$1,527$1,265$1,044$859
18 years$2,048$1,695$1,394$1,140$929$753
19 years$1,920$1,571$1,276$1,030$828$662
20 years$1,805$1,459$1,171$933$739$583
21 years$1,701$1,359$1,077$847$662$514
22 years$1,606$1,269$993$770$593$454
23 years$1,520$1,187$917$701$532$401
24 years$1,441$1,112$848$640$478$355
25 years$1,369$1,044$785$584$431$315
26 years$1,302$981$728$534$388$279
27 years$1,241$923$676$489$350$248
28 years$1,183$870$629$448$315$220
29 years$1,130$821$585$411$285$196
30 years$1,081$775$545$377$257$174
31 years$1,035$733$508$346$233$155
32 years$991$693$474$318$211$138
33 years$951$656$443$293$191$123
34 years$913$622$413$269$172$109
35 years$877$590$387$248$156$97
36 years$843$560$362$228$142$87
37 years$812$532$338$210$128$77
38 years$781$506$317$194$116$69
39 years$753$481$297$179$105$61
40 years$726$457$278$165$96$55
41 years$700$435$261$152$87$49
42 years$676$415$245$140$79$44
43 years$653$395$230$130$71$39
44 years$631$377$216$120$65$35
45 years$610$359$202$110$59$31
46 years$590$343$190$102$53$28
47 years$571$327$179$94$49$25
48 years$553$312$168$87$44$22
49 years$535$298$158$81$40$20
50 years$518$285$148$74$36$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $531,000, adding $5,437 every year, while hoping to spend $35,229 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: 81/6/13 Blend
66$531,000$531,000$531,000$531,000
67$590,770$562,627$554,397$636,727
68$613,545$552,713$535,486$657,766
69$637,463$541,131$514,760$675,708
70$662,602$527,765$492,123$694,375
71$689,049$512,487$467,471$713,821
72$716,898$495,165$440,697$734,109
73$746,251$475,657$411,689$755,304
74$777,219$453,814$380,331$777,483
75$809,923$429,480$346,500$800,727
76$844,497$402,485$310,069$825,126
77$881,083$372,655$270,905$850,780
78$919,841$339,802$228,867$877,801
79$960,942$303,729$183,811$906,309
80$1,004,574$264,228$135,585$936,440
81$1,050,943$221,079$84,030$968,342
82$1,100,276$174,047$28,981$1,002,179
83$1,152,817$122,889$0$1,038,134
84$1,208,838$67,344$0$1,080,535
85$1,268,633$7,138$0$1,130,034
86$1,332,527$0$0$1,182,877
87$1,400,875$0$0$1,243,193
88$1,474,065$0$0$1,308,296
89$1,552,526$0$0$1,378,096
90$1,636,725$0$0$1,453,010
91$1,727,176$0$0$1,533,498
92$1,824,444$0$0$1,620,063
93$1,929,148$0$0$1,713,256
94$2,041,967$0$0$1,813,686
95$2,163,650$0$0$1,922,018
96$2,295,016$0$0$2,038,986
97$2,436,968$0$0$2,165,393
98$2,590,497$0$0$2,302,124
99$2,756,692$0$0$2,450,151
100$2,936,750$0$0$2,610,543