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%11.6%
1 years$45,171$44,768$44,376$43,993$43,619$43,325
2 years$22,362$21,945$21,542$21,150$20,771$20,475
3 years$14,760$14,341$13,939$13,551$13,178$12,889
4 years$10,959$10,543$10,144$9,763$9,399$9,118
5 years$8,680$8,265$7,872$7,499$7,145$6,874
6 years$7,161$6,749$6,362$5,997$5,653$5,393
7 years$6,076$5,668$5,287$4,930$4,598$4,348
8 years$5,263$4,859$4,484$4,136$3,814$3,574
9 years$4,631$4,230$3,862$3,523$3,212$2,982
10 years$4,125$3,729$3,367$3,037$2,737$2,517
11 years$3,712$3,320$2,964$2,643$2,354$2,144
12 years$3,368$2,979$2,630$2,318$2,040$1,839
13 years$3,077$2,693$2,350$2,047$1,779$1,588
14 years$2,828$2,447$2,112$1,817$1,559$1,378
15 years$2,612$2,236$1,907$1,620$1,373$1,200
16 years$2,423$2,051$1,729$1,451$1,213$1,049
17 years$2,257$1,889$1,573$1,303$1,076$920
18 years$2,110$1,746$1,436$1,175$957$809
19 years$1,978$1,618$1,314$1,061$853$713
20 years$1,859$1,503$1,206$961$762$630
21 years$1,752$1,400$1,110$872$682$557
22 years$1,655$1,307$1,023$793$611$493
23 years$1,566$1,223$944$722$548$438
24 years$1,485$1,145$873$659$493$389
25 years$1,410$1,075$809$602$444$346
26 years$1,342$1,010$750$550$400$307
27 years$1,278$951$697$504$360$274
28 years$1,219$896$648$461$325$244
29 years$1,164$845$603$423$293$217
30 years$1,113$798$561$388$265$194
31 years$1,066$755$523$357$240$173
32 years$1,021$714$488$328$217$155
33 years$980$676$456$301$196$138
34 years$940$641$426$277$178$123
35 years$904$608$398$255$161$110
36 years$869$577$373$235$146$99
37 years$836$548$349$217$132$88
38 years$805$521$327$200$120$79
39 years$776$495$306$184$109$71
40 years$748$471$287$170$99$63
41 years$721$448$269$157$89$56
42 years$696$427$252$145$81$51
43 years$673$407$237$133$74$45
44 years$650$388$222$123$67$41
45 years$628$370$209$114$61$36
46 years$608$353$196$105$55$32
47 years$588$337$184$97$50$29
48 years$569$321$173$90$45$26
49 years$551$307$163$83$41$23
50 years$534$293$153$77$37$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $547,000, adding $3,244 every year, while hoping to spend $43,935 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: 60/27/13 Blend
66$547,000$547,000$547,000$547,000
67$606,140$577,149$568,671$640,386
68$621,220$558,683$540,975$645,352
69$636,365$537,839$510,878$645,535
70$651,537$514,456$478,255$644,680
71$666,689$488,359$442,972$642,690
72$681,770$459,368$404,890$639,462
73$696,723$427,289$363,867$634,883
74$711,482$391,919$319,749$628,831
75$725,972$353,042$272,379$621,176
76$740,110$310,431$221,594$611,777
77$753,804$263,845$167,219$600,479
78$766,948$213,029$109,077$587,119
79$779,424$157,715$46,979$571,517
80$791,102$97,619$0$553,480
81$801,835$32,443$0$535,474
82$811,458$0$0$521,726
83$819,790$0$0$516,826
84$826,627$0$0$520,552
85$831,743$0$0$523,115
86$834,886$0$0$524,348
87$835,776$0$0$524,065
88$834,102$0$0$522,059
89$829,519$0$0$518,101
90$821,645$0$0$511,938
91$810,055$0$0$503,287
92$794,277$0$0$491,837
93$773,790$0$0$477,240
94$748,016$0$0$459,115
95$716,314$0$0$437,037
96$677,978$0$0$410,536
97$632,222$0$0$379,094
98$578,179$0$0$342,134
99$514,890$0$0$299,023
100$441,295$0$0$249,057