Can I retire at age 67 with 554,000?

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 $554,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19%
1 years$45,749$45,341$44,944$44,556$44,177$42,575
2 years$22,648$22,226$21,817$21,421$21,037$19,441
3 years$14,949$14,525$14,117$13,725$13,346$11,807
4 years$11,100$10,677$10,274$9,888$9,519$8,046
5 years$8,791$8,371$7,973$7,595$7,236$5,835
6 years$7,252$6,836$6,443$6,074$5,726$4,397
7 years$6,154$5,741$5,354$4,993$4,656$3,400
8 years$5,330$4,921$4,541$4,189$3,863$2,677
9 years$4,690$4,284$3,911$3,568$3,253$2,137
10 years$4,178$3,777$3,410$3,076$2,772$1,723
11 years$3,760$3,362$3,002$2,677$2,384$1,400
12 years$3,411$3,018$2,664$2,348$2,066$1,145
13 years$3,116$2,727$2,380$2,073$1,801$941
14 years$2,864$2,479$2,139$1,840$1,579$776
15 years$2,645$2,264$1,931$1,641$1,390$643
16 years$2,454$2,078$1,751$1,469$1,229$533
17 years$2,286$1,913$1,593$1,320$1,090$443
18 years$2,137$1,768$1,454$1,190$969$369
19 years$2,003$1,639$1,331$1,075$864$308
20 years$1,883$1,523$1,222$974$771$257
21 years$1,774$1,418$1,124$884$690$215
22 years$1,676$1,324$1,036$803$619$180
23 years$1,586$1,238$956$732$555$151
24 years$1,504$1,160$884$667$499$126
25 years$1,428$1,089$819$609$449$106
26 years$1,359$1,023$760$557$405$89
27 years$1,294$963$705$510$365$74
28 years$1,235$907$656$467$329$63
29 years$1,179$856$610$429$297$52
30 years$1,128$808$568$393$269$44
31 years$1,080$764$530$361$243$37
32 years$1,034$723$494$332$220$31
33 years$992$685$462$305$199$26
34 years$952$649$431$281$180$22
35 years$915$616$403$259$163$18
36 years$880$584$377$238$148$15
37 years$847$555$353$219$134$13
38 years$815$527$331$202$121$11
39 years$786$502$310$186$110$9
40 years$757$477$290$172$100$8
41 years$731$454$272$159$91$6
42 years$705$433$255$146$82$5
43 years$681$412$240$135$75$5
44 years$658$393$225$125$68$4
45 years$636$375$211$115$61$3
46 years$615$357$198$106$56$3
47 years$596$341$186$98$51$2
48 years$577$326$175$91$46$2
49 years$558$311$165$84$42$2
50 years$541$297$155$78$38$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $554,000, adding $4,835 every year, while hoping to spend $25,508 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: 37/48/15 Blend
66$554,000$554,000$554,000$554,000
67$615,495$586,133$577,546$635,295
68$651,136$587,714$569,754$651,545
69$689,556$588,516$560,845$666,290
70$731,014$588,476$550,757$681,668
71$775,790$587,525$539,420$697,749
72$824,196$585,589$526,766$714,612
73$876,571$582,590$512,720$732,344
74$933,290$578,446$497,205$751,045
75$994,765$573,069$480,140$770,826
76$1,061,448$566,366$461,442$791,812
77$1,133,837$558,239$441,021$814,143
78$1,212,479$548,584$418,786$837,975
79$1,297,977$537,289$394,641$863,483
80$1,390,994$524,239$368,484$890,863
81$1,492,257$509,309$340,211$920,334
82$1,602,571$492,368$309,710$952,139
83$1,722,816$473,278$276,869$986,552
84$1,853,965$451,890$241,566$1,023,875
85$1,997,087$428,050$203,676$1,064,447
86$2,153,359$401,594$163,068$1,108,645
87$2,324,076$372,347$119,606$1,156,888
88$2,510,666$340,126$73,147$1,209,644
89$2,714,698$304,736$23,541$1,267,432
90$2,937,902$265,973$0$1,330,830
91$3,182,181$223,619$0$1,405,184
92$3,449,632$177,444$0$1,490,830
93$3,742,563$127,208$0$1,584,815
94$4,063,517$72,653$0$1,688,047
95$4,415,294$13,511$0$1,801,531
96$4,800,976$0$0$1,926,380
97$5,223,961$0$0$2,090,505
98$5,687,988$0$0$2,278,463
99$6,197,179$0$0$2,484,797
100$6,756,071$0$0$2,711,355