Can I retire at age 67 with 571,000?

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 $571,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15%
1 years$47,153$46,733$46,323$45,923$45,532$44,595
2 years$23,343$22,908$22,487$22,078$21,682$20,742
3 years$15,407$14,971$14,550$14,146$13,756$12,842
4 years$11,440$11,005$10,589$10,191$9,811$8,931
5 years$9,061$8,628$8,218$7,828$7,458$6,614
6 years$7,475$7,046$6,641$6,260$5,901$5,094
7 years$6,343$5,917$5,519$5,147$4,799$4,030
8 years$5,494$5,072$4,680$4,317$3,982$3,249
9 years$4,834$4,416$4,031$3,677$3,353$2,657
10 years$4,306$3,892$3,514$3,170$2,857$2,196
11 years$3,875$3,465$3,094$2,759$2,457$1,831
12 years$3,516$3,110$2,746$2,420$2,129$1,538
13 years$3,212$2,811$2,453$2,136$1,857$1,298
14 years$2,952$2,555$2,204$1,896$1,628$1,101
15 years$2,727$2,334$1,990$1,691$1,433$937
16 years$2,530$2,141$1,804$1,514$1,267$800
17 years$2,356$1,972$1,642$1,361$1,123$685
18 years$2,202$1,822$1,499$1,226$999$588
19 years$2,064$1,689$1,372$1,108$890$506
20 years$1,941$1,569$1,259$1,004$795$435
21 years$1,829$1,462$1,158$911$711$375
22 years$1,727$1,365$1,068$828$638$324
23 years$1,635$1,276$986$754$572$280
24 years$1,550$1,196$912$688$515$242
25 years$1,472$1,122$844$628$463$210
26 years$1,400$1,055$783$574$417$181
27 years$1,334$993$727$526$376$157
28 years$1,273$935$676$482$339$136
29 years$1,216$882$629$442$306$118
30 years$1,162$833$586$405$277$103
31 years$1,113$788$546$372$250$89
32 years$1,066$745$510$342$226$77
33 years$1,023$706$476$315$205$67
34 years$982$669$445$290$185$58
35 years$943$635$416$267$168$51
36 years$907$602$389$245$152$44
37 years$873$572$364$226$138$38
38 years$840$544$341$208$125$33
39 years$810$517$319$192$113$29
40 years$781$492$299$177$103$25
41 years$753$468$281$164$93$22
42 years$727$446$263$151$85$19
43 years$702$425$247$139$77$16
44 years$678$405$232$129$70$14
45 years$656$386$218$119$63$12
46 years$634$368$205$110$58$11
47 years$614$352$192$101$52$9
48 years$594$336$181$94$47$8
49 years$575$320$170$87$43$7
50 years$557$306$160$80$39$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $571,000, adding $6,402 every year, while hoping to spend $24,100 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: 58/24/18 Blend
66$571,000$571,000$571,000$571,000
67$635,846$605,583$596,732$669,371
68$675,060$609,614$591,080$696,879
69$717,466$613,035$584,432$723,670
70$763,364$615,791$576,727$752,331
71$813,085$617,822$567,905$783,047
72$866,991$619,066$557,901$816,022
73$925,480$619,457$546,647$851,481
74$988,992$618,924$534,073$889,675
75$1,058,010$617,391$520,105$930,879
76$1,133,064$614,780$504,665$975,398
77$1,214,738$611,006$487,673$1,023,569
78$1,303,675$605,980$469,044$1,075,765
79$1,400,583$599,605$448,689$1,132,398
80$1,506,238$591,782$426,517$1,193,922
81$1,621,499$582,404$402,429$1,260,840
82$1,747,307$571,357$376,326$1,333,708
83$1,884,701$558,522$348,102$1,413,139
84$2,034,823$543,772$317,646$1,499,810
85$2,198,931$526,973$284,843$1,594,472
86$2,378,409$507,981$249,572$1,697,950
87$2,574,783$486,648$211,708$1,811,158
88$2,789,730$462,813$171,120$1,935,104
89$3,025,100$436,309$127,670$2,070,903
90$3,282,929$406,956$81,216$2,219,784
91$3,565,458$374,568$31,607$2,383,106
92$3,875,156$338,943$0$2,562,366
93$4,214,744$299,873$0$2,763,318
94$4,587,216$257,135$0$2,990,436
95$4,995,870$210,493$0$3,239,692
96$5,444,342$159,700$0$3,513,346
97$5,936,632$104,493$0$3,813,889
98$6,477,151$44,595$0$4,144,071
99$7,070,754$0$0$4,506,921
100$7,722,793$0$0$4,911,138