Can I retire at age 67 with 573,000?

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 $573,000?

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$47,318$46,896$46,485$46,084$45,692$45,102
2 years$23,425$22,988$22,566$22,156$21,758$21,165
3 years$15,461$15,023$14,601$14,195$13,804$13,226
4 years$11,480$11,044$10,626$10,227$9,845$9,286
5 years$9,093$8,658$8,246$7,855$7,484$6,946
6 years$7,501$7,070$6,664$6,282$5,922$5,406
7 years$6,365$5,938$5,538$5,165$4,816$4,321
8 years$5,513$5,090$4,697$4,333$3,995$3,523
9 years$4,851$4,431$4,045$3,690$3,365$2,913
10 years$4,321$3,906$3,527$3,181$2,867$2,437
11 years$3,888$3,477$3,105$2,769$2,466$2,056
12 years$3,528$3,121$2,755$2,428$2,137$1,748
13 years$3,223$2,821$2,462$2,144$1,863$1,494
14 years$2,962$2,564$2,212$1,903$1,633$1,283
15 years$2,736$2,342$1,997$1,697$1,438$1,107
16 years$2,539$2,149$1,811$1,520$1,271$958
17 years$2,364$1,979$1,648$1,365$1,127$831
18 years$2,210$1,829$1,504$1,231$1,002$723
19 years$2,072$1,695$1,377$1,112$893$631
20 years$1,947$1,575$1,264$1,007$798$551
21 years$1,835$1,467$1,162$914$714$482
22 years$1,733$1,369$1,071$831$640$422
23 years$1,640$1,281$989$757$574$370
24 years$1,555$1,200$915$690$516$325
25 years$1,477$1,126$847$630$465$285
26 years$1,405$1,058$786$576$418$251
27 years$1,339$996$730$528$377$221
28 years$1,277$939$678$483$340$194
29 years$1,220$885$631$443$307$171
30 years$1,166$836$588$407$278$151
31 years$1,117$790$548$374$251$133
32 years$1,070$748$511$343$227$117
33 years$1,026$708$478$316$206$103
34 years$985$671$446$291$186$91
35 years$946$637$417$267$169$81
36 years$910$604$390$246$153$71
37 years$876$574$365$227$138$63
38 years$843$545$342$209$126$55
39 years$813$519$320$193$114$49
40 years$783$494$300$178$103$43
41 years$756$470$282$164$94$38
42 years$730$447$264$151$85$34
43 years$705$426$248$140$77$30
44 years$681$406$233$129$70$26
45 years$658$387$219$119$64$23
46 years$637$370$205$110$58$21
47 years$616$353$193$102$52$18
48 years$596$337$181$94$48$16
49 years$577$322$170$87$43$14
50 years$559$307$160$80$39$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $573,000, adding $5,271 every year, while hoping to spend $24,455 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: 75/13/12 Blend
66$573,000$573,000$573,000$573,000
67$636,883$606,514$597,633$682,740
68$675,825$610,213$591,633$717,420
69$717,920$613,274$584,613$751,829
70$763,463$615,640$576,513$788,861
71$812,779$617,249$567,269$828,770
72$866,225$618,037$556,816$871,833
73$924,196$617,937$545,085$918,358
74$987,122$616,874$532,004$968,682
75$1,055,480$614,772$517,497$1,023,180
76$1,129,792$611,549$501,486$1,082,261
77$1,210,633$607,117$483,888$1,146,381
78$1,298,636$601,384$464,617$1,216,038
79$1,394,498$594,253$443,583$1,291,784
80$1,498,985$585,620$420,691$1,374,227
81$1,612,941$575,374$395,843$1,464,035
82$1,737,293$563,400$368,936$1,561,949
83$1,873,064$549,574$339,863$1,668,783
84$2,021,379$533,765$308,510$1,785,434
85$2,183,475$515,835$274,761$1,912,893
86$2,360,717$495,638$238,493$2,052,252
87$2,554,605$473,019$199,577$2,204,713
88$2,766,791$447,815$157,880$2,371,606
89$2,999,097$419,851$113,262$2,554,392
90$3,253,526$388,944$65,578$2,754,686
91$3,532,286$354,902$14,674$2,974,266
92$3,837,806$317,519$0$3,215,094
93$4,172,763$276,579$0$3,484,408
94$4,540,107$231,853$0$3,781,852
95$4,943,084$183,100$0$4,108,196
96$5,385,271$130,065$0$4,466,361
97$5,870,608$72,477$0$4,859,566
98$6,403,434$10,053$0$5,291,359
99$6,988,531$0$0$5,765,651
100$7,631,163$0$0$6,294,977