Can I retire at age 67 with 565,000?

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 $565,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.1%
1 years$46,657$46,242$45,836$45,440$45,054$44,472
2 years$23,098$22,667$22,251$21,846$21,454$20,869
3 years$15,245$14,813$14,398$13,997$13,611$13,041
4 years$11,320$10,889$10,478$10,084$9,708$9,157
5 years$8,966$8,537$8,131$7,746$7,380$6,849
6 years$7,396$6,971$6,571$6,194$5,839$5,330
7 years$6,276$5,855$5,461$5,093$4,749$4,261
8 years$5,436$5,018$4,631$4,272$3,940$3,473
9 years$4,783$4,370$3,989$3,639$3,318$2,873
10 years$4,261$3,852$3,477$3,137$2,827$2,403
11 years$3,834$3,429$3,062$2,730$2,431$2,028
12 years$3,479$3,077$2,717$2,394$2,107$1,723
13 years$3,178$2,781$2,427$2,114$1,837$1,473
14 years$2,921$2,528$2,181$1,877$1,611$1,265
15 years$2,698$2,309$1,969$1,674$1,418$1,091
16 years$2,503$2,119$1,785$1,498$1,253$945
17 years$2,331$1,951$1,625$1,346$1,111$820
18 years$2,179$1,803$1,483$1,213$988$713
19 years$2,043$1,671$1,358$1,096$881$622
20 years$1,920$1,553$1,246$993$787$543
21 years$1,810$1,446$1,146$901$704$475
22 years$1,709$1,350$1,056$819$631$416
23 years$1,618$1,263$975$746$566$365
24 years$1,534$1,183$902$681$509$320
25 years$1,457$1,110$835$622$458$281
26 years$1,386$1,044$775$568$413$247
27 years$1,320$982$719$520$372$218
28 years$1,259$925$669$477$336$192
29 years$1,203$873$622$437$303$169
30 years$1,150$824$580$401$274$149
31 years$1,101$779$541$368$248$131
32 years$1,055$737$504$339$224$116
33 years$1,012$698$471$311$203$102
34 years$971$662$440$286$184$90
35 years$933$628$411$264$166$79
36 years$897$596$385$243$151$70
37 years$863$566$360$224$137$62
38 years$831$538$337$206$124$55
39 years$801$511$316$190$112$48
40 years$772$487$296$175$102$43
41 years$745$463$278$162$92$38
42 years$719$441$261$149$84$33
43 years$695$420$244$138$76$29
44 years$671$401$229$127$69$26
45 years$649$382$215$118$63$23
46 years$628$364$202$109$57$20
47 years$607$348$190$100$52$18
48 years$588$332$179$93$47$16
49 years$569$317$168$86$43$14
50 years$552$303$158$79$39$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $565,000, adding $5,313 every year, while hoping to spend $43,121 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: 50/41/9 Blend
66$565,000$565,000$565,000$565,000
67$628,110$598,165$589,408$657,771
68$646,297$581,595$563,273$662,041
69$664,894$562,768$534,817$661,650
70$683,897$541,527$503,917$660,222
71$703,300$517,707$470,444$657,669
72$723,096$491,135$434,263$653,900
73$743,276$461,624$395,235$648,818
74$763,826$428,980$353,211$642,317
75$784,731$392,995$308,039$634,287
76$805,973$353,451$259,557$624,607
77$827,530$310,117$207,600$613,152
78$849,375$262,750$151,991$599,785
79$871,477$211,091$92,549$584,362
80$893,800$154,867$29,082$566,729
81$916,304$93,792$0$546,720
82$938,941$27,561$0$527,871
83$961,655$0$0$509,504
84$984,385$0$0$508,560
85$1,007,059$0$0$519,988
86$1,029,598$0$0$531,307
87$1,051,910$0$0$542,467
88$1,073,893$0$0$553,410
89$1,095,430$0$0$564,070
90$1,116,392$0$0$574,376
91$1,136,633$0$0$584,245
92$1,155,989$0$0$593,586
93$1,174,278$0$0$602,296
94$1,191,293$0$0$610,263
95$1,206,807$0$0$617,358
96$1,220,565$0$0$623,439
97$1,232,282$0$0$628,349
98$1,241,641$0$0$631,911
99$1,248,291$0$0$633,929
100$1,251,839$0$0$634,187