Can I retire at age 67 with 561,000?

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 $561,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.7%
1 years$46,327$45,914$45,512$45,119$44,735$43,165
2 years$22,934$22,507$22,093$21,692$21,302$19,737
3 years$15,138$14,709$14,296$13,898$13,515$12,004
4 years$11,240$10,812$10,404$10,013$9,639$8,193
5 years$8,902$8,477$8,074$7,691$7,327$5,951
6 years$7,344$6,922$6,525$6,150$5,798$4,492
7 years$6,232$5,813$5,422$5,057$4,715$3,479
8 years$5,398$4,983$4,598$4,242$3,912$2,745
9 years$4,749$4,339$3,961$3,613$3,294$2,195
10 years$4,231$3,824$3,453$3,115$2,807$1,773
11 years$3,807$3,404$3,040$2,711$2,414$1,444
12 years$3,454$3,056$2,698$2,378$2,092$1,183
13 years$3,156$2,761$2,410$2,099$1,824$974
14 years$2,900$2,510$2,166$1,863$1,599$805
15 years$2,679$2,293$1,955$1,662$1,408$668
16 years$2,485$2,104$1,773$1,488$1,244$555
17 years$2,315$1,938$1,613$1,337$1,103$463
18 years$2,164$1,790$1,473$1,205$981$387
19 years$2,028$1,659$1,348$1,089$874$323
20 years$1,907$1,542$1,237$986$781$271
21 years$1,797$1,436$1,138$895$699$227
22 years$1,697$1,341$1,049$814$627$190
23 years$1,606$1,254$968$741$562$160
24 years$1,523$1,175$896$676$505$134
25 years$1,446$1,102$830$617$455$113
26 years$1,376$1,036$769$564$410$95
27 years$1,311$975$714$517$369$80
28 years$1,250$919$664$473$333$67
29 years$1,194$867$618$434$301$56
30 years$1,142$819$576$398$272$47
31 years$1,093$774$537$366$246$40
32 years$1,047$732$501$336$222$34
33 years$1,005$693$468$309$201$28
34 years$964$657$437$284$182$24
35 years$927$623$408$262$165$20
36 years$891$592$382$241$150$17
37 years$857$562$358$222$136$14
38 years$826$534$335$205$123$12
39 years$795$508$314$189$111$10
40 years$767$483$294$174$101$8
41 years$740$460$276$161$92$7
42 years$714$438$259$148$83$6
43 years$690$417$243$137$76$5
44 years$667$398$228$126$69$4
45 years$644$379$214$117$62$4
46 years$623$362$201$108$56$3
47 years$603$345$189$100$51$3
48 years$584$330$177$92$47$2
49 years$565$315$167$85$42$2
50 years$548$301$157$79$38$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $561,000, adding $4,538 every year, while hoping to spend $36,284 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: 65/28/7 Blend
66$561,000$561,000$561,000$561,000
67$622,903$593,170$584,474$662,310
68$647,833$583,629$565,448$679,554
69$674,090$572,405$544,569$693,654
70$701,771$559,377$521,736$708,107
71$730,981$544,416$496,844$722,942
72$761,836$527,387$469,783$738,194
73$794,462$508,148$440,439$753,903
74$828,996$486,545$408,692$770,115
75$865,587$462,419$374,417$786,879
76$904,399$435,600$337,482$804,256
77$945,612$405,909$297,752$822,310
78$989,420$373,155$255,083$841,115
79$1,036,039$337,137$209,326$860,755
80$1,085,703$297,645$160,326$881,325
81$1,138,668$254,452$107,920$902,932
82$1,195,215$207,324$51,939$925,694
83$1,255,653$156,009$0$949,746
84$1,320,319$100,243$0$975,823
85$1,389,584$39,746$0$1,007,689
86$1,463,853$0$0$1,041,663
87$1,543,572$0$0$1,085,917
88$1,629,231$0$0$1,146,653
89$1,721,366$0$0$1,212,007
90$1,820,565$0$0$1,282,402
91$1,927,478$0$0$1,358,301
92$2,042,813$0$0$1,440,212
93$2,167,353$0$0$1,528,693
94$2,301,955$0$0$1,624,360
95$2,447,563$0$0$1,727,886
96$2,605,214$0$0$1,840,014
97$2,776,047$0$0$1,961,559
98$2,961,315$0$0$2,093,419
99$3,162,398$0$0$2,236,580
100$3,380,810$0$0$2,392,126