Can I retire at age 67 with 541,000?

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 $541,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.1%
1 years$44,675$44,277$43,889$43,510$43,140$42,583
2 years$22,116$21,705$21,305$20,918$20,543$19,983
3 years$14,598$14,184$13,786$13,403$13,033$12,487
4 years$10,839$10,427$10,033$9,656$9,295$8,768
5 years$8,585$8,175$7,786$7,417$7,066$6,558
6 years$7,082$6,675$6,292$5,931$5,591$5,104
7 years$6,009$5,606$5,229$4,876$4,547$4,080
8 years$5,205$4,805$4,434$4,091$3,772$3,326
9 years$4,580$4,184$3,819$3,484$3,177$2,751
10 years$4,080$3,688$3,330$3,003$2,707$2,301
11 years$3,671$3,283$2,931$2,614$2,328$1,941
12 years$3,331$2,947$2,602$2,293$2,017$1,650
13 years$3,043$2,663$2,324$2,024$1,759$1,411
14 years$2,797$2,421$2,088$1,797$1,542$1,212
15 years$2,583$2,211$1,886$1,602$1,358$1,045
16 years$2,397$2,029$1,710$1,435$1,200$904
17 years$2,232$1,868$1,556$1,289$1,064$785
18 years$2,086$1,727$1,420$1,162$946$683
19 years$1,956$1,600$1,300$1,050$843$595
20 years$1,839$1,487$1,193$951$753$520
21 years$1,733$1,385$1,097$863$674$455
22 years$1,637$1,293$1,011$785$604$398
23 years$1,549$1,209$934$715$542$349
24 years$1,469$1,133$864$652$487$307
25 years$1,395$1,063$800$595$439$269
26 years$1,327$999$742$544$395$237
27 years$1,264$940$689$498$356$208
28 years$1,206$886$640$456$321$183
29 years$1,152$836$596$419$290$162
30 years$1,101$789$555$384$262$142
31 years$1,054$746$518$353$237$126
32 years$1,010$706$483$324$214$111
33 years$969$669$451$298$194$98
34 years$930$634$421$274$176$86
35 years$894$601$394$253$159$76
36 years$859$571$368$233$144$67
37 years$827$542$345$214$131$59
38 years$796$515$323$197$119$52
39 years$767$490$303$182$107$46
40 years$740$466$284$168$97$41
41 years$714$444$266$155$88$36
42 years$689$422$249$143$80$32
43 years$665$402$234$132$73$28
44 years$643$384$220$122$66$25
45 years$621$366$206$113$60$22
46 years$601$349$194$104$54$19
47 years$582$333$182$96$49$17
48 years$563$318$171$89$45$15
49 years$545$304$161$82$41$13
50 years$528$290$151$76$37$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $541,000, adding $4,803 every year, while hoping to spend $27,043 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: 66/17/17 Blend
66$541,000$541,000$541,000$541,000
67$601,136$572,463$564,078$638,008
68$633,679$571,740$554,201$662,557
69$668,634$570,076$543,087$685,804
70$706,220$567,395$530,665$710,557
71$746,675$563,618$516,863$736,961
72$790,262$558,661$501,604$765,178
73$837,269$552,436$484,808$795,390
74$888,012$544,847$466,391$827,793
75$942,839$535,794$446,265$862,608
76$1,002,132$525,171$424,338$900,078
77$1,066,311$512,867$400,516$940,472
78$1,135,839$498,761$374,697$984,087
79$1,211,223$482,729$346,777$1,031,251
80$1,293,021$464,635$316,647$1,082,327
81$1,381,847$444,341$284,193$1,137,718
82$1,478,377$421,695$249,295$1,197,867
83$1,583,354$396,541$211,829$1,263,264
84$1,697,595$368,710$171,665$1,334,452
85$1,822,000$338,027$128,666$1,412,029
86$1,957,559$304,306$82,691$1,496,657
87$2,105,361$267,348$33,592$1,589,068
88$2,266,605$226,945$0$1,690,070
89$2,442,610$182,877$0$1,803,965
90$2,634,830$134,911$0$1,935,052
91$2,844,862$82,801$0$2,078,351
92$3,074,469$26,289$0$2,235,096
93$3,325,587$0$0$2,406,647
94$3,600,351$0$0$2,601,034
95$3,901,111$0$0$2,819,230
96$4,230,455$0$0$3,058,197
97$4,591,232$0$0$3,320,008
98$4,986,580$0$0$3,606,945
99$5,419,955$0$0$3,921,521
100$5,895,164$0$0$4,266,504