Can I retire at age 67 with 566,000?

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 $566,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11%
1 years$46,740$46,323$45,917$45,521$45,134$44,943
2 years$23,138$22,708$22,290$21,885$21,492$21,300
3 years$15,272$14,840$14,423$14,022$13,636$13,448
4 years$11,340$10,909$10,496$10,102$9,725$9,543
5 years$8,981$8,553$8,146$7,759$7,393$7,217
6 years$7,409$6,984$6,583$6,205$5,850$5,680
7 years$6,287$5,865$5,470$5,102$4,757$4,594
8 years$5,446$5,027$4,639$4,280$3,947$3,790
9 years$4,792$4,377$3,996$3,645$3,324$3,173
10 years$4,269$3,858$3,484$3,142$2,832$2,688
11 years$3,841$3,435$3,067$2,735$2,436$2,298
12 years$3,485$3,083$2,722$2,399$2,111$1,979
13 years$3,184$2,786$2,432$2,118$1,840$1,715
14 years$2,926$2,532$2,185$1,880$1,613$1,493
15 years$2,703$2,313$1,973$1,677$1,421$1,306
16 years$2,508$2,123$1,789$1,501$1,255$1,147
17 years$2,336$1,955$1,628$1,349$1,113$1,010
18 years$2,183$1,806$1,486$1,215$990$892
19 years$2,046$1,674$1,360$1,098$882$789
20 years$1,924$1,556$1,248$995$788$700
21 years$1,813$1,449$1,148$903$705$622
22 years$1,712$1,353$1,058$821$632$553
23 years$1,620$1,265$977$748$567$493
24 years$1,536$1,185$904$682$510$440
25 years$1,459$1,112$837$623$459$393
26 years$1,388$1,045$776$569$413$351
27 years$1,322$984$721$521$373$314
28 years$1,261$927$670$477$336$281
29 years$1,205$875$624$438$304$252
30 years$1,152$826$581$402$274$226
31 years$1,103$781$541$369$248$203
32 years$1,057$739$505$339$224$182
33 years$1,014$700$472$312$203$163
34 years$973$663$441$287$184$146
35 years$935$629$412$264$167$132
36 years$899$597$385$243$151$118
37 years$865$567$361$224$137$106
38 years$833$539$338$207$124$96
39 years$803$512$317$191$112$86
40 years$774$487$297$176$102$77
41 years$747$464$278$162$93$69
42 years$721$442$261$150$84$63
43 years$696$421$245$138$76$56
44 years$672$401$230$128$69$51
45 years$650$383$216$118$63$46
46 years$629$365$203$109$57$41
47 years$608$348$190$101$52$37
48 years$589$333$179$93$47$33
49 years$570$318$168$86$43$30
50 years$553$303$158$79$39$27

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $566,000, adding $4,909 every year, while hoping to spend $23,512 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: 52/29/19 Blend
66$566,000$566,000$566,000$566,000
67$628,796$598,798$590,025$657,973
68$667,916$603,122$584,774$682,889
69$710,239$606,871$578,559$707,120
70$756,066$609,990$571,323$732,968
71$805,729$612,423$563,007$760,596
72$859,592$614,111$553,547$790,182
73$918,058$614,990$542,878$821,923
74$981,567$614,991$530,931$856,038
75$1,050,604$614,044$517,635$892,770
76$1,125,705$612,070$502,915$932,387
77$1,207,455$608,991$486,691$975,185
78$1,296,503$604,718$468,882$1,021,492
79$1,393,558$599,162$449,402$1,071,673
80$1,499,405$592,225$428,161$1,126,128
81$1,614,905$583,804$405,065$1,185,301
82$1,741,007$573,792$380,016$1,249,685
83$1,878,754$562,073$352,911$1,319,821
84$2,029,297$548,524$323,644$1,396,312
85$2,193,901$533,018$292,102$1,479,821
86$2,373,960$515,416$258,168$1,571,082
87$2,571,007$495,575$221,720$1,670,907
88$2,786,733$473,341$182,630$1,780,191
89$3,022,997$448,552$140,766$1,899,926
90$3,281,849$421,037$95,988$2,031,207
91$3,565,545$390,615$48,150$2,175,242
92$3,876,569$357,095$0$2,333,369
93$4,217,660$320,272$0$2,507,650
94$4,591,830$279,935$0$2,709,583
95$5,002,401$235,855$0$2,931,231
96$5,453,029$187,796$0$3,174,615
97$5,947,743$135,503$0$3,441,968
98$6,490,982$78,712$0$3,735,751
99$7,087,632$17,139$0$4,058,679
100$7,743,080$0$0$4,413,748