Can I retire at age 67 with 546,000?

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 $546,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$45,088$44,687$44,295$43,912$43,539$43,301
2 years$22,321$21,905$21,502$21,112$20,733$20,493
3 years$14,733$14,315$13,913$13,526$13,154$12,919
4 years$10,939$10,523$10,125$9,745$9,381$9,153
5 years$8,664$8,250$7,858$7,485$7,132$6,911
6 years$7,148$6,737$6,350$5,986$5,643$5,431
7 years$6,065$5,658$5,277$4,921$4,589$4,385
8 years$5,253$4,850$4,475$4,128$3,807$3,611
9 years$4,622$4,223$3,855$3,516$3,206$3,019
10 years$4,118$3,722$3,361$3,031$2,732$2,552
11 years$3,705$3,313$2,959$2,638$2,349$2,178
12 years$3,362$2,974$2,626$2,314$2,036$1,872
13 years$3,071$2,688$2,346$2,043$1,775$1,619
14 years$2,823$2,443$2,108$1,813$1,556$1,407
15 years$2,607$2,232$1,903$1,617$1,370$1,229
16 years$2,419$2,048$1,725$1,448$1,211$1,076
17 years$2,253$1,886$1,570$1,301$1,074$946
18 years$2,106$1,742$1,433$1,173$955$834
19 years$1,974$1,615$1,312$1,059$851$736
20 years$1,856$1,501$1,204$960$760$652
21 years$1,749$1,398$1,108$871$680$578
22 years$1,652$1,305$1,021$792$610$513
23 years$1,563$1,220$943$721$547$456
24 years$1,482$1,143$872$658$492$406
25 years$1,408$1,073$807$601$443$362
26 years$1,339$1,008$749$549$399$322
27 years$1,276$949$695$503$360$288
28 years$1,217$894$646$461$324$257
29 years$1,162$844$602$422$293$230
30 years$1,111$797$560$388$265$205
31 years$1,064$753$522$356$239$184
32 years$1,019$713$487$327$216$164
33 years$978$675$455$301$196$147
34 years$939$640$425$277$177$132
35 years$902$607$397$255$161$118
36 years$867$576$372$235$146$106
37 years$834$547$348$216$132$95
38 years$803$520$326$199$120$85
39 years$774$494$305$184$108$76
40 years$746$470$286$170$98$69
41 years$720$448$268$156$89$61
42 years$695$426$252$144$81$55
43 years$671$406$236$133$73$50
44 years$649$387$222$123$67$44
45 years$627$369$208$114$61$40
46 years$607$352$196$105$55$36
47 years$587$336$184$97$50$32
48 years$568$321$173$90$45$29
49 years$550$306$162$83$41$26
50 years$533$293$153$77$37$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $546,000, adding $2,569 every year, while hoping to spend $32,572 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: 36/48/16 Blend
66$546,000$546,000$546,000$546,000
67$604,342$575,404$566,941$623,057
68$631,328$568,942$551,277$630,367
69$659,976$561,073$533,997$634,984
70$690,419$551,691$515,012$639,272
71$722,807$540,688$494,229$643,220
72$757,299$527,948$471,552$646,818
73$794,074$513,348$446,879$650,057
74$833,325$496,758$420,105$652,931
75$875,265$478,039$391,119$655,438
76$920,126$457,048$359,806$657,576
77$968,164$433,628$326,045$659,351
78$1,019,659$407,618$289,709$660,769
79$1,074,918$378,845$250,668$661,845
80$1,134,277$347,126$208,783$662,598
81$1,198,107$312,269$163,912$663,054
82$1,266,814$274,070$115,903$663,246
83$1,340,844$232,315$64,600$663,217
84$1,420,687$186,775$9,841$663,021
85$1,506,881$137,210$0$662,722
86$1,600,017$83,368$0$670,694
87$1,700,744$24,979$0$681,064
88$1,809,779$0$0$692,293
89$1,927,904$0$0$724,737
90$2,055,985$0$0$774,286
91$2,194,970$0$0$828,121
92$2,345,904$0$0$886,656
93$2,509,935$0$0$950,344
94$2,688,326$0$0$1,019,685
95$2,882,469$0$0$1,095,230
96$3,093,892$0$0$1,177,585
97$3,324,279$0$0$1,267,414
98$3,575,481$0$0$1,365,452
99$3,849,538$0$0$1,472,506
100$4,148,694$0$0$1,589,465