Can I retire at age 67 with 561,000?

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 $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%17.8%
1 years$46,327$45,914$45,512$45,119$44,735$43,320
2 years$22,934$22,507$22,093$21,692$21,302$19,890
3 years$15,138$14,709$14,296$13,898$13,515$12,149
4 years$11,240$10,812$10,404$10,013$9,639$8,330
5 years$8,902$8,477$8,074$7,691$7,327$6,079
6 years$7,344$6,922$6,525$6,150$5,798$4,611
7 years$6,232$5,813$5,422$5,057$4,715$3,590
8 years$5,398$4,983$4,598$4,242$3,912$2,847
9 years$4,749$4,339$3,961$3,613$3,294$2,289
10 years$4,231$3,824$3,453$3,115$2,807$1,860
11 years$3,807$3,404$3,040$2,711$2,414$1,523
12 years$3,454$3,056$2,698$2,378$2,092$1,256
13 years$3,156$2,761$2,410$2,099$1,824$1,040
14 years$2,900$2,510$2,166$1,863$1,599$866
15 years$2,679$2,293$1,955$1,662$1,408$722
16 years$2,485$2,104$1,773$1,488$1,244$605
17 years$2,315$1,938$1,613$1,337$1,103$507
18 years$2,164$1,790$1,473$1,205$981$426
19 years$2,028$1,659$1,348$1,089$874$359
20 years$1,907$1,542$1,237$986$781$303
21 years$1,797$1,436$1,138$895$699$255
22 years$1,697$1,341$1,049$814$627$216
23 years$1,606$1,254$968$741$562$182
24 years$1,523$1,175$896$676$505$154
25 years$1,446$1,102$830$617$455$131
26 years$1,376$1,036$769$564$410$111
27 years$1,311$975$714$517$369$94
28 years$1,250$919$664$473$333$79
29 years$1,194$867$618$434$301$67
30 years$1,142$819$576$398$272$57
31 years$1,093$774$537$366$246$48
32 years$1,047$732$501$336$222$41
33 years$1,005$693$468$309$201$35
34 years$964$657$437$284$182$30
35 years$927$623$408$262$165$25
36 years$891$592$382$241$150$21
37 years$857$562$358$222$136$18
38 years$826$534$335$205$123$15
39 years$795$508$314$189$111$13
40 years$767$483$294$174$101$11
41 years$740$460$276$161$92$9
42 years$714$438$259$148$83$8
43 years$690$417$243$137$76$7
44 years$667$398$228$126$69$6
45 years$644$379$214$117$62$5
46 years$623$362$201$108$56$4
47 years$603$345$189$100$51$3
48 years$584$330$177$92$47$3
49 years$565$315$167$85$42$3
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 $6,235 every year, while hoping to spend $39,601 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: 70/8/22 Blend
66$561,000$561,000$561,000$561,000
67$624,653$594,920$586,225$664,541
68$646,233$581,936$563,728$678,999
69$668,686$566,989$539,151$689,587
70$692,061$549,940$512,381$700,214
71$716,407$530,643$483,302$710,880
72$741,780$508,944$451,792$721,588
73$768,239$484,680$417,724$732,341
74$795,847$457,676$380,965$743,141
75$824,672$427,751$341,376$753,996
76$854,788$394,710$298,812$764,913
77$886,274$358,349$253,120$775,903
78$919,218$318,452$204,144$786,976
79$953,712$274,790$151,716$798,150
80$989,858$227,122$95,666$809,443
81$1,027,765$175,192$35,812$820,877
82$1,067,552$118,732$0$832,478
83$1,109,348$57,456$0$850,866
84$1,153,294$0$0$878,888
85$1,199,543$0$0$909,008
86$1,248,260$0$0$946,075
87$1,299,627$0$0$985,169
88$1,353,841$0$0$1,026,442
89$1,411,116$0$0$1,070,061
90$1,471,688$0$0$1,116,204
91$1,535,813$0$0$1,165,069
92$1,603,769$0$0$1,216,871
93$1,675,863$0$0$1,271,846
94$1,752,429$0$0$1,330,250
95$1,833,831$0$0$1,392,365
96$1,920,471$0$0$1,458,497
97$2,012,785$0$0$1,528,985
98$2,111,252$0$0$1,604,197
99$2,216,397$0$0$1,684,536
100$2,328,796$0$0$1,770,447