Can I retire at age 67 with 572,000?

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 $572,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.6%
1 years$47,235$46,814$46,404$46,003$45,612$45,306
2 years$23,384$22,948$22,526$22,117$21,720$21,411
3 years$15,434$14,997$14,576$14,171$13,780$13,478
4 years$11,460$11,024$10,608$10,209$9,828$9,535
5 years$9,077$8,643$8,232$7,842$7,471$7,188
6 years$7,488$7,058$6,653$6,271$5,912$5,639
7 years$6,354$5,927$5,528$5,156$4,808$4,546
8 years$5,503$5,081$4,688$4,325$3,989$3,738
9 years$4,842$4,424$4,038$3,684$3,359$3,119
10 years$4,314$3,899$3,521$3,176$2,862$2,632
11 years$3,882$3,471$3,099$2,764$2,461$2,242
12 years$3,522$3,116$2,751$2,424$2,133$1,923
13 years$3,218$2,816$2,458$2,140$1,860$1,660
14 years$2,957$2,559$2,208$1,900$1,630$1,441
15 years$2,731$2,338$1,994$1,694$1,436$1,255
16 years$2,534$2,145$1,808$1,517$1,269$1,097
17 years$2,360$1,976$1,645$1,363$1,125$962
18 years$2,206$1,825$1,501$1,228$1,000$846
19 years$2,068$1,692$1,375$1,110$892$746
20 years$1,944$1,572$1,261$1,005$796$659
21 years$1,832$1,464$1,160$912$713$583
22 years$1,730$1,367$1,069$830$639$516
23 years$1,638$1,278$987$755$573$458
24 years$1,553$1,198$913$689$515$406
25 years$1,475$1,124$846$629$464$361
26 years$1,403$1,056$784$575$418$321
27 years$1,336$994$728$527$377$286
28 years$1,275$937$677$483$340$255
29 years$1,218$884$630$442$307$227
30 years$1,164$835$587$406$277$203
31 years$1,115$789$547$373$251$181
32 years$1,068$747$511$343$227$162
33 years$1,024$707$477$315$205$144
34 years$983$670$445$290$186$129
35 years$945$636$416$267$168$115
36 years$908$603$390$246$152$103
37 years$874$573$365$227$138$92
38 years$842$545$341$209$125$82
39 years$811$518$320$193$114$74
40 years$782$493$300$178$103$66
41 years$754$469$281$164$93$59
42 years$728$447$264$151$85$53
43 years$703$426$247$140$77$47
44 years$680$406$232$129$70$42
45 years$657$387$218$119$63$38
46 years$635$369$205$110$58$34
47 years$615$352$192$102$52$30
48 years$595$336$181$94$48$27
49 years$576$321$170$87$43$24
50 years$558$307$160$80$39$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $572,000, adding $4,865 every year, while hoping to spend $23,430 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: 69/24/7 Blend
66$572,000$572,000$572,000$572,000
67$635,362$605,046$596,180$678,150
68$675,240$609,764$591,223$711,831
69$718,400$613,928$585,314$745,336
70$765,152$617,486$578,398$781,350
71$815,837$620,383$570,414$820,112
72$870,831$622,559$561,301$861,889
73$930,544$623,954$550,993$906,975
74$995,432$624,499$539,424$955,692
75$1,065,992$624,126$526,520$1,008,397
76$1,142,774$622,759$512,209$1,065,483
77$1,226,381$620,318$496,412$1,127,384
78$1,317,477$616,719$479,048$1,194,578
79$1,416,795$611,874$460,031$1,267,592
80$1,525,139$605,686$439,273$1,347,008
81$1,643,394$598,056$416,680$1,433,468
82$1,772,537$588,877$392,155$1,527,679
83$1,913,639$578,036$365,596$1,630,422
84$2,067,884$565,413$336,896$1,742,558
85$2,236,571$550,881$305,946$1,865,036
86$2,421,135$534,308$272,628$1,998,904
87$2,623,151$515,549$236,822$2,145,316
88$2,844,358$494,456$198,401$2,305,547
89$3,086,667$470,870$157,232$2,481,001
90$3,352,186$444,621$113,178$2,673,228
91$3,643,234$415,533$66,095$2,883,937
92$3,962,367$383,416$15,832$3,115,012
93$4,312,397$348,073$0$3,368,533
94$4,696,426$309,293$0$3,649,614
95$5,117,868$266,855$0$3,959,407
96$5,580,481$220,522$0$4,299,526
97$6,088,411$170,047$0$4,673,061
98$6,646,218$115,169$0$5,083,414
99$7,258,931$55,611$0$5,534,338
100$7,932,087$0$0$6,029,971