Can I retire at age 67 with 564,000?

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 $564,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.5%
1 years$46,575$46,160$45,755$45,360$44,974$43,958
2 years$23,057$22,627$22,211$21,808$21,416$20,398
3 years$15,218$14,787$14,372$13,972$13,587$12,599
4 years$11,300$10,870$10,459$10,066$9,691$8,740
5 years$8,950$8,522$8,117$7,732$7,367$6,455
6 years$7,383$6,959$6,560$6,183$5,829$4,959
7 years$6,265$5,844$5,451$5,084$4,741$3,911
8 years$5,426$5,010$4,623$4,265$3,933$3,144
9 years$4,775$4,362$3,982$3,632$3,312$2,563
10 years$4,253$3,845$3,471$3,131$2,822$2,113
11 years$3,827$3,423$3,056$2,725$2,427$1,756
12 years$3,473$3,072$2,712$2,390$2,103$1,470
13 years$3,173$2,776$2,423$2,110$1,834$1,237
14 years$2,916$2,524$2,177$1,873$1,608$1,045
15 years$2,693$2,305$1,966$1,671$1,416$887
16 years$2,499$2,115$1,782$1,496$1,251$755
17 years$2,327$1,948$1,622$1,344$1,109$644
18 years$2,175$1,800$1,480$1,211$986$550
19 years$2,039$1,668$1,355$1,094$879$471
20 years$1,917$1,550$1,244$991$785$404
21 years$1,806$1,444$1,144$900$703$347
22 years$1,706$1,348$1,054$818$630$299
23 years$1,615$1,261$974$745$565$257
24 years$1,531$1,181$900$679$508$221
25 years$1,454$1,108$834$620$457$191
26 years$1,383$1,042$773$567$412$165
27 years$1,318$980$718$519$371$142
28 years$1,257$924$668$476$335$123
29 years$1,201$871$621$436$303$106
30 years$1,148$823$579$400$273$92
31 years$1,099$778$540$368$247$79
32 years$1,053$736$503$338$224$68
33 years$1,010$697$470$311$202$59
34 years$970$661$439$286$183$51
35 years$932$627$411$263$166$44
36 years$896$595$384$242$150$38
37 years$862$565$360$223$136$33
38 years$830$537$337$206$124$29
39 years$800$511$315$190$112$25
40 years$771$486$296$175$102$21
41 years$744$462$277$162$92$19
42 years$718$440$260$149$84$16
43 years$693$420$244$138$76$14
44 years$670$400$229$127$69$12
45 years$648$381$215$117$63$10
46 years$627$364$202$108$57$9
47 years$606$347$190$100$52$8
48 years$587$331$178$93$47$7
49 years$568$317$168$86$43$6
50 years$551$302$158$79$39$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $564,000, adding $5,490 every year, while hoping to spend $29,642 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: 62/10/28 Blend
66$564,000$564,000$564,000$564,000
67$627,191$597,299$588,557$661,056
68$659,626$595,028$576,735$682,441
69$694,375$591,652$563,523$702,083
70$731,644$587,086$548,844$722,900
71$771,658$581,239$532,616$745,011
72$814,662$574,015$514,754$768,551
73$860,929$565,312$495,169$793,669
74$910,754$555,023$473,768$820,530
75$964,465$543,034$450,453$849,315
76$1,022,420$529,222$425,123$880,229
77$1,085,013$513,460$397,671$913,497
78$1,152,678$495,613$367,986$949,367
79$1,225,889$475,536$335,952$988,117
80$1,305,171$453,078$301,448$1,030,053
81$1,391,098$428,079$264,346$1,075,515
82$1,484,303$400,367$224,514$1,124,878
83$1,585,481$369,765$181,814$1,178,559
84$1,695,397$336,080$136,102$1,237,019
85$1,814,893$299,113$87,227$1,300,769
86$1,944,894$258,652$35,031$1,370,372
87$2,086,419$214,472$0$1,446,455
88$2,240,589$166,336$0$1,535,884
89$2,408,637$113,995$0$1,644,819
90$2,591,920$57,182$0$1,763,682
91$2,791,933$0$0$1,893,465
92$3,010,319$0$0$2,035,741
93$3,248,890$0$0$2,198,079
94$3,509,637$0$0$2,375,549
95$3,794,756$0$0$2,569,649
96$4,106,661$0$0$2,782,028
97$4,448,014$0$0$3,014,503
98$4,821,742$0$0$3,269,076
99$5,231,071$0$0$3,547,948
100$5,679,554$0$0$3,853,546