Can I retire at age 67 with 570,000?

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 $570,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.6%
1 years$47,070$46,651$46,242$45,842$45,453$44,051
2 years$23,302$22,868$22,447$22,040$21,644$20,244
3 years$15,380$14,945$14,525$14,121$13,732$12,377
4 years$11,420$10,986$10,570$10,173$9,794$8,495
5 years$9,045$8,613$8,203$7,814$7,445$6,206
6 years$7,462$7,033$6,629$6,249$5,891$4,713
7 years$6,331$5,906$5,509$5,138$4,791$3,673
8 years$5,484$5,063$4,672$4,310$3,975$2,917
9 years$4,825$4,408$4,024$3,671$3,347$2,348
10 years$4,299$3,886$3,508$3,164$2,852$1,910
11 years$3,868$3,459$3,089$2,754$2,453$1,566
12 years$3,510$3,105$2,741$2,416$2,126$1,293
13 years$3,206$2,806$2,449$2,133$1,853$1,073
14 years$2,947$2,550$2,200$1,893$1,625$894
15 years$2,722$2,330$1,987$1,688$1,431$747
16 years$2,525$2,138$1,801$1,512$1,264$626
17 years$2,352$1,969$1,639$1,358$1,121$526
18 years$2,198$1,819$1,496$1,224$997$443
19 years$2,061$1,686$1,370$1,106$888$373
20 years$1,937$1,567$1,257$1,002$794$315
21 years$1,826$1,459$1,156$909$710$266
22 years$1,724$1,362$1,066$827$637$225
23 years$1,632$1,274$984$753$571$191
24 years$1,547$1,194$910$687$514$162
25 years$1,470$1,120$843$627$462$137
26 years$1,398$1,053$782$573$416$116
27 years$1,332$991$726$525$375$99
28 years$1,270$934$675$481$339$84
29 years$1,213$881$628$441$306$71
30 years$1,160$832$585$405$276$60
31 years$1,111$786$545$372$250$51
32 years$1,064$744$509$342$226$44
33 years$1,021$705$475$314$205$37
34 years$980$668$444$289$185$31
35 years$942$633$415$266$168$27
36 years$905$601$388$245$152$23
37 years$871$571$363$226$138$19
38 years$839$543$340$208$125$16
39 years$808$516$319$192$113$14
40 years$779$491$299$177$103$12
41 years$752$467$280$163$93$10
42 years$726$445$263$151$85$9
43 years$701$424$247$139$77$7
44 years$677$404$231$128$70$6
45 years$655$385$217$119$63$5
46 years$633$368$204$110$57$4
47 years$613$351$192$101$52$4
48 years$593$335$180$94$47$3
49 years$574$320$169$86$43$3
50 years$557$306$159$80$39$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $570,000, adding $5,581 every year, while hoping to spend $24,352 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: 32/46/22 Blend
66$570,000$570,000$570,000$570,000
67$633,897$603,687$594,852$649,732
68$672,644$607,357$588,869$665,787
69$714,527$610,391$581,870$680,480
70$759,840$612,732$573,794$695,806
71$808,907$614,319$564,579$711,834
72$862,083$615,088$554,160$728,644
73$919,759$614,971$542,468$746,325
74$982,365$613,895$529,431$764,979
75$1,050,374$611,783$514,974$784,717
76$1,124,305$608,553$499,019$805,665
77$1,204,731$604,120$481,483$827,966
78$1,292,282$598,390$462,281$851,776
79$1,387,650$591,266$441,323$877,274
80$1,491,598$582,645$418,514$904,656
81$1,604,964$572,418$393,758$934,143
82$1,728,672$560,468$366,950$965,983
83$1,863,738$546,673$337,985$1,000,448
84$2,011,281$530,902$306,749$1,037,847
85$2,172,533$513,018$273,127$1,078,520
86$2,348,851$492,874$236,995$1,122,848
87$2,541,726$470,317$198,227$1,171,253
88$2,752,803$445,184$156,688$1,224,207
89$2,983,892$417,301$112,241$1,282,233
90$3,236,987$386,487$64,739$1,345,912
91$3,514,283$352,548$14,031$1,415,893
92$3,818,197$315,280$0$1,492,892
93$4,151,392$274,468$0$1,587,116
94$4,516,802$229,885$0$1,694,169
95$4,917,655$181,288$0$1,811,774
96$5,357,509$128,425$0$1,941,065
97$5,840,284$71,026$0$2,083,293
98$6,370,295$8,809$0$2,239,843
99$6,952,298$0$0$2,412,248
100$7,591,530$0$0$2,631,826