Can I retire at age 67 with 551,000?

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 $551,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.8%
1 years$45,501$45,096$44,700$44,314$43,938$43,245
2 years$22,525$22,106$21,699$21,305$20,923$20,227
3 years$14,868$14,446$14,041$13,650$13,274$12,597
4 years$11,040$10,620$10,218$9,834$9,467$8,813
5 years$8,743$8,326$7,930$7,554$7,197$6,568
6 years$7,213$6,799$6,408$6,041$5,695$5,092
7 years$6,120$5,710$5,325$4,966$4,631$4,055
8 years$5,301$4,894$4,516$4,166$3,842$3,292
9 years$4,665$4,261$3,890$3,549$3,236$2,711
10 years$4,155$3,756$3,391$3,059$2,757$2,258
11 years$3,739$3,344$2,986$2,662$2,371$1,897
12 years$3,393$3,001$2,650$2,335$2,055$1,605
13 years$3,099$2,712$2,367$2,062$1,792$1,366
14 years$2,848$2,465$2,127$1,830$1,571$1,168
15 years$2,631$2,252$1,920$1,632$1,383$1,003
16 years$2,441$2,066$1,741$1,461$1,222$863
17 years$2,274$1,903$1,584$1,313$1,084$746
18 years$2,125$1,758$1,446$1,183$964$645
19 years$1,992$1,630$1,324$1,069$859$560
20 years$1,873$1,514$1,215$968$767$486
21 years$1,765$1,411$1,118$879$686$423
22 years$1,667$1,317$1,030$799$615$369
23 years$1,577$1,232$951$728$552$322
24 years$1,496$1,154$880$664$496$281
25 years$1,421$1,083$815$606$447$245
26 years$1,351$1,018$756$554$402$215
27 years$1,287$958$702$507$363$188
28 years$1,228$903$652$465$327$164
29 years$1,173$851$607$426$296$144
30 years$1,122$804$565$391$267$126
31 years$1,074$760$527$359$241$111
32 years$1,029$719$492$330$218$97
33 years$987$681$459$304$198$85
34 years$947$646$429$279$179$75
35 years$910$612$401$257$162$65
36 years$875$581$375$237$147$57
37 years$842$552$351$218$133$50
38 years$811$525$329$201$121$44
39 years$781$499$308$185$109$39
40 years$753$475$289$171$99$34
41 years$727$452$271$158$90$30
42 years$702$430$254$146$82$26
43 years$678$410$238$134$74$23
44 years$655$391$224$124$67$20
45 years$633$373$210$115$61$18
46 years$612$355$197$106$55$16
47 years$592$339$185$98$50$14
48 years$573$324$174$90$46$12
49 years$555$309$164$84$42$11
50 years$538$295$154$77$38$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $551,000, adding $2,636 every year, while hoping to spend $37,564 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: 65/18/17 Blend
66$551,000$551,000$551,000$551,000
67$609,921$580,718$572,178$646,847
68$632,165$569,205$551,378$660,402
69$655,419$555,870$528,622$670,644
70$679,747$540,582$503,805$680,928
71$705,216$523,205$476,818$691,257
72$731,901$503,596$447,545$701,638
73$759,883$481,600$415,865$712,077
74$789,249$457,056$381,655$722,586
75$820,093$429,793$344,781$733,176
76$852,520$399,630$305,109$743,864
77$886,641$366,376$262,493$754,669
78$922,577$329,827$216,786$765,613
79$960,463$289,771$167,831$776,724
80$1,000,442$245,982$115,465$788,035
81$1,042,672$198,220$59,518$799,584
82$1,087,325$146,233$0$811,416
83$1,134,589$89,756$0$823,616
84$1,184,670$28,507$0$847,733
85$1,237,791$0$0$873,065
86$1,294,197$0$0$907,217
87$1,354,157$0$0$949,542
88$1,417,962$0$0$994,602
89$1,485,935$0$0$1,042,627
90$1,558,427$0$0$1,093,868
91$1,635,821$0$0$1,148,599
92$1,718,541$0$0$1,207,122
93$1,807,048$0$0$1,269,768
94$1,901,849$0$0$1,336,898
95$2,003,500$0$0$1,408,911
96$2,112,610$0$0$1,486,241
97$2,229,850$0$0$1,569,369
98$2,355,953$0$0$1,658,819
99$2,491,727$0$0$1,755,168
100$2,638,056$0$0$1,859,049