Can I retire at age 67 with 538,000?

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 $538,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.7%
1 years$44,428$44,032$43,646$43,269$42,901$42,418
2 years$21,994$21,584$21,187$20,802$20,429$19,942
3 years$14,517$14,106$13,710$13,328$12,961$12,486
4 years$10,779$10,369$9,977$9,602$9,244$8,785
5 years$8,537$8,129$7,743$7,375$7,027$6,585
6 years$7,043$6,638$6,257$5,898$5,560$5,135
7 years$5,976$5,575$5,200$4,849$4,522$4,115
8 years$5,176$4,779$4,410$4,068$3,751$3,362
9 years$4,555$4,161$3,798$3,465$3,159$2,787
10 years$4,057$3,667$3,311$2,987$2,692$2,337
11 years$3,651$3,265$2,915$2,599$2,315$1,977
12 years$3,312$2,930$2,587$2,280$2,006$1,684
13 years$3,026$2,648$2,311$2,013$1,749$1,444
14 years$2,781$2,407$2,077$1,787$1,534$1,243
15 years$2,569$2,199$1,875$1,594$1,350$1,075
16 years$2,384$2,018$1,700$1,427$1,193$933
17 years$2,220$1,858$1,547$1,282$1,058$812
18 years$2,075$1,717$1,412$1,155$941$709
19 years$1,945$1,591$1,293$1,044$839$620
20 years$1,828$1,479$1,186$946$749$543
21 years$1,723$1,377$1,091$858$670$476
22 years$1,627$1,286$1,006$780$601$418
23 years$1,540$1,202$929$711$539$368
24 years$1,460$1,127$859$648$485$324
25 years$1,387$1,057$796$592$436$286
26 years$1,319$994$738$541$393$252
27 years$1,257$935$685$495$354$222
28 years$1,199$881$637$454$320$196
29 years$1,145$831$593$416$289$174
30 years$1,095$785$552$382$261$153
31 years$1,048$742$515$351$236$136
32 years$1,005$702$480$322$213$120
33 years$963$665$448$296$193$106
34 years$925$630$419$273$175$94
35 years$889$598$392$251$158$83
36 years$854$567$366$231$143$74
37 years$822$539$343$213$130$65
38 years$792$512$321$196$118$58
39 years$763$487$301$181$107$51
40 years$736$463$282$167$97$46
41 years$710$441$264$154$88$40
42 years$685$420$248$142$80$36
43 years$662$400$233$131$72$32
44 years$639$382$218$121$66$28
45 years$618$364$205$112$60$25
46 years$598$347$193$103$54$22
47 years$578$331$181$96$49$20
48 years$560$316$170$88$45$17
49 years$542$302$160$82$41$15
50 years$525$288$150$75$37$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $538,000, adding $4,967 every year, while hoping to spend $40,733 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: 41/47/12 Blend
66$538,000$538,000$538,000$538,000
67$597,999$569,485$561,146$620,202
68$615,656$554,051$536,605$620,864
69$633,748$536,494$509,877$617,162
70$652,277$516,670$480,845$612,256
71$671,244$494,421$449,387$606,055
72$690,647$469,584$415,378$598,461
73$710,484$441,984$378,684$589,372
74$730,749$411,437$339,166$578,677
75$751,438$377,750$296,680$566,259
76$772,540$340,715$251,075$551,996
77$794,045$300,117$202,192$535,754
78$815,939$255,724$149,867$517,394
79$838,205$207,294$93,927$496,767
80$860,822$154,571$34,193$473,716
81$883,764$97,284$0$448,072
82$907,004$35,146$0$423,441
83$930,506$0$0$400,768
84$954,232$0$0$392,119
85$978,136$0$0$401,690
86$1,002,165$0$0$411,278
87$1,026,259$0$0$420,857
88$1,050,349$0$0$430,392
89$1,074,359$0$0$439,849
90$1,098,198$0$0$449,184
91$1,121,769$0$0$458,353
92$1,144,958$0$0$467,303
93$1,167,638$0$0$475,975
94$1,189,667$0$0$484,303
95$1,210,885$0$0$492,214
96$1,231,114$0$0$499,625
97$1,250,152$0$0$506,443
98$1,267,777$0$0$512,567
99$1,283,737$0$0$517,881
100$1,297,755$0$0$522,257