Can I retire at age 67 with 578,000?

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 $578,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.1%
1 years$47,731$47,306$46,891$46,486$46,091$45,685
2 years$23,629$23,189$22,762$22,349$21,948$21,539
3 years$15,596$15,154$14,729$14,319$13,925$13,526
4 years$11,581$11,140$10,719$10,316$9,931$9,545
5 years$9,172$8,734$8,318$7,924$7,550$7,177
6 years$7,567$7,132$6,722$6,337$5,974$5,615
7 years$6,420$5,989$5,586$5,210$4,858$4,514
8 years$5,561$5,134$4,738$4,370$4,030$3,701
9 years$4,893$4,470$4,081$3,723$3,394$3,079
10 years$4,359$3,940$3,558$3,209$2,892$2,591
11 years$3,922$3,508$3,132$2,793$2,487$2,200
12 years$3,559$3,148$2,780$2,450$2,155$1,882
13 years$3,251$2,845$2,483$2,163$1,880$1,619
14 years$2,988$2,586$2,231$1,920$1,648$1,400
15 years$2,760$2,362$2,015$1,712$1,451$1,216
16 years$2,561$2,168$1,826$1,533$1,282$1,059
17 years$2,385$1,996$1,662$1,377$1,137$926
18 years$2,229$1,845$1,517$1,241$1,011$811
19 years$2,090$1,710$1,389$1,122$901$712
20 years$1,964$1,589$1,275$1,016$805$627
21 years$1,851$1,480$1,172$922$720$552
22 years$1,748$1,381$1,081$838$646$487
23 years$1,655$1,292$998$763$579$431
24 years$1,569$1,210$923$696$521$381
25 years$1,490$1,136$855$636$469$337
26 years$1,418$1,068$793$581$422$299
27 years$1,350$1,005$736$532$381$265
28 years$1,288$947$684$488$343$235
29 years$1,230$893$637$447$310$209
30 years$1,177$843$593$410$280$186
31 years$1,126$797$553$377$253$165
32 years$1,079$754$516$346$229$147
33 years$1,035$714$482$319$207$131
34 years$994$677$450$293$188$116
35 years$955$642$421$270$170$103
36 years$918$610$394$248$154$92
37 years$883$579$368$229$140$82
38 years$851$550$345$211$127$73
39 years$820$523$323$195$115$65
40 years$790$498$303$179$104$58
41 years$762$474$284$166$94$52
42 years$736$451$266$153$86$46
43 years$711$430$250$141$78$41
44 years$687$410$235$130$71$37
45 years$664$391$220$120$64$33
46 years$642$373$207$111$58$29
47 years$621$356$194$103$53$26
48 years$601$340$183$95$48$23
49 years$583$324$172$88$44$21
50 years$564$310$162$81$40$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $578,000, adding $3,250 every year, while hoping to spend $39,467 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: 36/39/25 Blend
66$578,000$578,000$578,000$578,000
67$640,308$609,674$600,715$658,442
68$663,627$597,556$578,847$659,996
69$688,002$583,521$554,923$657,828
70$713,498$567,433$528,833$654,708
71$740,188$549,151$500,462$650,576
72$768,148$528,520$469,688$645,370
73$797,463$505,381$436,386$639,026
74$828,223$479,564$400,424$631,474
75$860,527$450,888$361,664$622,646
76$894,483$419,163$319,962$612,469
77$930,207$384,189$275,167$600,868
78$967,827$345,753$227,124$587,767
79$1,007,480$303,629$175,667$573,085
80$1,049,316$257,581$120,626$556,742
81$1,093,501$207,357$61,821$538,654
82$1,140,214$152,693$0$518,735
83$1,189,649$93,308$0$497,147
84$1,242,020$28,907$0$491,168
85$1,297,560$0$0$484,253
86$1,356,524$0$0$493,887
87$1,419,191$0$0$517,354
88$1,485,865$0$0$542,366
89$1,556,881$0$0$569,056
90$1,632,603$0$0$597,566
91$1,713,431$0$0$628,053
92$1,799,805$0$0$660,691
93$1,892,204$0$0$695,668
94$1,991,156$0$0$733,191
95$2,097,238$0$0$773,489
96$2,211,085$0$0$816,810
97$2,333,391$0$0$863,430
98$2,464,922$0$0$913,649
99$2,606,515$0$0$967,799
100$2,759,090$0$0$1,026,241