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%12.9%
1 years$46,575$46,160$45,755$45,360$44,974$44,431
2 years$23,057$22,627$22,211$21,808$21,416$20,869
3 years$15,218$14,787$14,372$13,972$13,587$13,054
4 years$11,300$10,870$10,459$10,066$9,691$9,175
5 years$8,950$8,522$8,117$7,732$7,367$6,870
6 years$7,383$6,959$6,560$6,183$5,829$5,352
7 years$6,265$5,844$5,451$5,084$4,741$4,283
8 years$5,426$5,010$4,623$4,265$3,933$3,496
9 years$4,775$4,362$3,982$3,632$3,312$2,894
10 years$4,253$3,845$3,471$3,131$2,822$2,424
11 years$3,827$3,423$3,056$2,725$2,427$2,048
12 years$3,473$3,072$2,712$2,390$2,103$1,743
13 years$3,173$2,776$2,423$2,110$1,834$1,492
14 years$2,916$2,524$2,177$1,873$1,608$1,283
15 years$2,693$2,305$1,966$1,671$1,416$1,108
16 years$2,499$2,115$1,782$1,496$1,251$960
17 years$2,327$1,948$1,622$1,344$1,109$835
18 years$2,175$1,800$1,480$1,211$986$727
19 years$2,039$1,668$1,355$1,094$879$635
20 years$1,917$1,550$1,244$991$785$555
21 years$1,806$1,444$1,144$900$703$486
22 years$1,706$1,348$1,054$818$630$427
23 years$1,615$1,261$974$745$565$375
24 years$1,531$1,181$900$679$508$330
25 years$1,454$1,108$834$620$457$290
26 years$1,383$1,042$773$567$412$255
27 years$1,318$980$718$519$371$225
28 years$1,257$924$668$476$335$198
29 years$1,201$871$621$436$303$175
30 years$1,148$823$579$400$273$155
31 years$1,099$778$540$368$247$136
32 years$1,053$736$503$338$224$121
33 years$1,010$697$470$311$202$107
34 years$970$661$439$286$183$94
35 years$932$627$411$263$166$83
36 years$896$595$384$242$150$74
37 years$862$565$360$223$136$65
38 years$830$537$337$206$124$58
39 years$800$511$315$190$112$51
40 years$771$486$296$175$102$45
41 years$744$462$277$162$92$40
42 years$718$440$260$149$84$35
43 years$693$420$244$138$76$31
44 years$670$400$229$127$69$28
45 years$648$381$215$117$63$24
46 years$627$364$202$108$57$22
47 years$606$347$190$100$52$19
48 years$587$331$178$93$47$17
49 years$568$317$168$86$43$15
50 years$551$302$158$79$39$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $564,000, adding $4,147 every year, while hoping to spend $26,972 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: 48/43/9 Blend
66$564,000$564,000$564,000$564,000
67$625,806$595,914$587,172$654,128
68$660,940$596,415$578,144$674,508
69$698,754$596,038$567,910$693,454
70$739,492$594,709$556,400$713,401
71$783,424$592,354$543,543$734,451
72$830,845$588,891$529,264$756,717
73$882,079$584,234$513,482$780,325
74$937,484$578,294$496,116$805,414
75$997,451$570,975$477,080$832,141
76$1,062,411$562,173$456,283$860,680
77$1,132,839$551,781$433,630$891,224
78$1,209,256$539,686$409,024$923,988
79$1,292,234$525,764$382,360$959,211
80$1,382,405$509,890$353,532$997,158
81$1,480,461$491,925$322,426$1,038,125
82$1,587,167$471,728$288,926$1,082,440
83$1,703,360$449,145$252,908$1,130,468
84$1,829,966$424,017$214,243$1,182,611
85$1,968,002$396,172$172,799$1,239,320
86$2,118,585$365,431$128,435$1,301,091
87$2,282,947$331,604$81,004$1,368,478
88$2,462,445$294,491$30,356$1,442,092
89$2,658,571$253,877$0$1,522,613
90$2,872,968$209,540$0$1,613,069
91$3,107,445$161,242$0$1,715,276
92$3,363,994$108,732$0$1,827,258
93$3,644,808$51,746$0$1,950,054
94$3,952,302$0$0$2,084,818
95$4,289,136$0$0$2,237,551
96$4,658,238$0$0$2,431,807
97$5,062,834$0$0$2,644,808
98$5,506,477$0$0$2,878,431
99$5,993,080$0$0$3,134,744
100$6,526,952$0$0$3,416,027