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%17.7%
1 years$44,428$44,032$43,646$43,269$42,901$41,561
2 years$21,994$21,584$21,187$20,802$20,429$19,091
3 years$14,517$14,106$13,710$13,328$12,961$11,667
4 years$10,779$10,369$9,977$9,602$9,244$8,003
5 years$8,537$8,129$7,743$7,375$7,027$5,844
6 years$7,043$6,638$6,257$5,898$5,560$4,435
7 years$5,976$5,575$5,200$4,849$4,522$3,455
8 years$5,176$4,779$4,410$4,068$3,751$2,742
9 years$4,555$4,161$3,798$3,465$3,159$2,206
10 years$4,057$3,667$3,311$2,987$2,692$1,793
11 years$3,651$3,265$2,915$2,599$2,315$1,470
12 years$3,312$2,930$2,587$2,280$2,006$1,212
13 years$3,026$2,648$2,311$2,013$1,749$1,005
14 years$2,781$2,407$2,077$1,787$1,534$837
15 years$2,569$2,199$1,875$1,594$1,350$699
16 years$2,384$2,018$1,700$1,427$1,193$585
17 years$2,220$1,858$1,547$1,282$1,058$492
18 years$2,075$1,717$1,412$1,155$941$413
19 years$1,945$1,591$1,293$1,044$839$348
20 years$1,828$1,479$1,186$946$749$294
21 years$1,723$1,377$1,091$858$670$248
22 years$1,627$1,286$1,006$780$601$210
23 years$1,540$1,202$929$711$539$177
24 years$1,460$1,127$859$648$485$150
25 years$1,387$1,057$796$592$436$127
26 years$1,319$994$738$541$393$108
27 years$1,257$935$685$495$354$91
28 years$1,199$881$637$454$320$78
29 years$1,145$831$593$416$289$66
30 years$1,095$785$552$382$261$56
31 years$1,048$742$515$351$236$47
32 years$1,005$702$480$322$213$40
33 years$963$665$448$296$193$34
34 years$925$630$419$273$175$29
35 years$889$598$392$251$158$25
36 years$854$567$366$231$143$21
37 years$822$539$343$213$130$18
38 years$792$512$321$196$118$15
39 years$763$487$301$181$107$13
40 years$736$463$282$167$97$11
41 years$710$441$264$154$88$9
42 years$685$420$248$142$80$8
43 years$662$400$233$131$72$7
44 years$639$382$218$121$66$6
45 years$618$364$205$112$60$5
46 years$598$347$193$103$54$4
47 years$578$331$181$96$49$3
48 years$560$316$170$88$45$3
49 years$542$302$160$82$41$3
50 years$525$288$150$75$37$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $538,000, adding $4,448 every year, while hoping to spend $32,899 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: 50/20/30 Blend
66$538,000$538,000$538,000$538,000
67$597,464$568,950$560,611$622,061
68$623,401$561,824$544,387$632,632
69$650,881$553,247$526,517$640,512
70$680,027$543,112$506,911$648,446
71$710,972$531,307$485,475$656,457
72$743,864$517,713$462,111$664,570
73$778,862$502,205$436,716$672,815
74$816,142$484,650$409,183$681,228
75$855,897$464,906$379,399$689,850
76$898,337$442,825$347,247$698,731
77$943,692$418,248$312,605$707,925
78$992,217$391,010$275,345$717,498
79$1,044,187$360,933$235,333$727,524
80$1,099,907$327,832$192,429$738,089
81$1,159,711$291,509$146,489$749,290
82$1,223,964$251,756$97,360$761,238
83$1,293,070$208,353$44,882$774,059
84$1,367,468$161,068$0$787,896
85$1,447,644$109,654$0$806,471
86$1,534,129$53,853$0$841,971
87$1,627,509$0$0$880,277
88$1,728,426$0$0$923,138
89$1,837,587$0$0$982,365
90$1,955,767$0$0$1,046,533
91$2,083,820$0$0$1,116,110
92$2,222,684$0$0$1,191,614
93$2,373,391$0$0$1,273,611
94$2,537,076$0$0$1,362,727
95$2,714,987$0$0$1,459,647
96$2,908,498$0$0$1,565,127
97$3,119,119$0$0$1,680,000
98$3,348,513$0$0$1,805,179
99$3,598,509$0$0$1,941,672
100$3,871,121$0$0$2,090,586