Can I retire at age 67 with 547,000?

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 $547,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.5%
1 years$45,171$44,768$44,376$43,993$43,619$43,163
2 years$22,362$21,945$21,542$21,150$20,771$20,312
3 years$14,760$14,341$13,939$13,551$13,178$12,730
4 years$10,959$10,543$10,144$9,763$9,399$8,965
5 years$8,680$8,265$7,872$7,499$7,145$6,727
6 years$7,161$6,749$6,362$5,997$5,653$5,252
7 years$6,076$5,668$5,287$4,930$4,598$4,213
8 years$5,263$4,859$4,484$4,136$3,814$3,446
9 years$4,631$4,230$3,862$3,523$3,212$2,860
10 years$4,125$3,729$3,367$3,037$2,737$2,401
11 years$3,712$3,320$2,964$2,643$2,354$2,034
12 years$3,368$2,979$2,630$2,318$2,040$1,735
13 years$3,077$2,693$2,350$2,047$1,779$1,489
14 years$2,828$2,447$2,112$1,817$1,559$1,284
15 years$2,612$2,236$1,907$1,620$1,373$1,112
16 years$2,423$2,051$1,729$1,451$1,213$966
17 years$2,257$1,889$1,573$1,303$1,076$842
18 years$2,110$1,746$1,436$1,175$957$736
19 years$1,978$1,618$1,314$1,061$853$644
20 years$1,859$1,503$1,206$961$762$565
21 years$1,752$1,400$1,110$872$682$497
22 years$1,655$1,307$1,023$793$611$437
23 years$1,566$1,223$944$722$548$385
24 years$1,485$1,145$873$659$493$340
25 years$1,410$1,075$809$602$444$300
26 years$1,342$1,010$750$550$400$265
27 years$1,278$951$697$504$360$234
28 years$1,219$896$648$461$325$207
29 years$1,164$845$603$423$293$183
30 years$1,113$798$561$388$265$162
31 years$1,066$755$523$357$240$144
32 years$1,021$714$488$328$217$127
33 years$980$676$456$301$196$113
34 years$940$641$426$277$178$100
35 years$904$608$398$255$161$89
36 years$869$577$373$235$146$79
37 years$836$548$349$217$132$70
38 years$805$521$327$200$120$62
39 years$776$495$306$184$109$55
40 years$748$471$287$170$99$49
41 years$721$448$269$157$89$43
42 years$696$427$252$145$81$39
43 years$673$407$237$133$74$34
44 years$650$388$222$123$67$30
45 years$628$370$209$114$61$27
46 years$608$353$196$105$55$24
47 years$588$337$184$97$50$21
48 years$569$321$173$90$45$19
49 years$551$307$163$83$41$17
50 years$534$293$153$77$37$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $547,000, adding $4,840 every year, while hoping to spend $21,249 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: 79/11/10 Blend
66$547,000$547,000$547,000$547,000
67$607,786$578,795$570,317$654,410
68$647,172$584,548$566,814$691,465
69$689,862$589,870$562,481$728,861
70$736,173$594,718$557,269$769,264
71$786,449$599,045$551,124$812,966
72$841,072$602,804$543,992$860,286
73$900,460$605,940$535,814$911,577
74$965,074$608,398$526,531$967,227
75$1,035,421$610,119$516,079$1,027,665
76$1,112,059$611,039$504,392$1,093,361
77$1,195,601$611,092$491,401$1,164,836
78$1,286,722$610,206$477,034$1,242,661
79$1,386,167$608,305$461,213$1,327,469
80$1,494,754$605,310$443,861$1,419,952
81$1,613,383$601,134$424,895$1,520,879
82$1,743,046$595,688$404,227$1,631,092
83$1,884,836$588,875$381,768$1,751,522
84$2,039,954$580,595$357,422$1,883,194
85$2,209,724$570,740$331,091$2,027,239
86$2,395,605$559,194$302,671$2,184,901
87$2,599,200$545,839$272,054$2,357,553
88$2,822,279$530,545$239,128$2,546,708
89$3,066,787$513,178$203,775$2,754,032
90$3,334,869$493,593$165,871$2,981,364
91$3,628,887$471,640$125,289$3,230,728
92$3,951,441$447,158$81,893$3,504,357
93$4,305,396$419,977$35,545$3,804,711
94$4,693,908$389,918$0$4,134,501
95$5,120,454$356,791$0$4,498,202
96$5,588,861$320,395$0$4,901,765
97$6,103,350$280,519$0$5,345,043
98$6,668,565$236,938$0$5,832,055
99$7,289,627$189,416$0$6,367,230
100$7,972,174$137,702$0$6,955,449