Can I retire at age 67 with 579,000?

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 $579,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.6%
1 years$47,813$47,387$46,972$46,566$46,170$44,391
2 years$23,670$23,229$22,802$22,388$21,986$20,214
3 years$15,623$15,180$14,754$14,344$13,949$12,241
4 years$11,601$11,159$10,737$10,334$9,948$8,317
5 years$9,188$8,749$8,333$7,938$7,563$6,012
6 years$7,580$7,144$6,734$6,348$5,984$4,516
7 years$6,431$6,000$5,596$5,219$4,867$3,480
8 years$5,571$5,143$4,746$4,378$4,037$2,730
9 years$4,902$4,478$4,088$3,729$3,400$2,171
10 years$4,367$3,947$3,564$3,214$2,897$1,744
11 years$3,929$3,514$3,137$2,798$2,491$1,412
12 years$3,565$3,154$2,784$2,454$2,159$1,150
13 years$3,257$2,850$2,488$2,166$1,883$941
14 years$2,993$2,591$2,235$1,923$1,650$773
15 years$2,765$2,367$2,018$1,715$1,453$637
16 years$2,565$2,171$1,830$1,536$1,284$526
17 years$2,389$2,000$1,665$1,380$1,139$436
18 years$2,233$1,848$1,520$1,243$1,013$361
19 years$2,093$1,713$1,391$1,124$902$300
20 years$1,968$1,591$1,277$1,018$806$250
21 years$1,854$1,482$1,175$924$721$208
22 years$1,751$1,384$1,082$840$647$173
23 years$1,658$1,294$999$765$580$144
24 years$1,572$1,212$924$697$522$120
25 years$1,493$1,138$856$637$469$100
26 years$1,420$1,069$794$582$423$84
27 years$1,353$1,006$737$533$381$70
28 years$1,290$948$685$488$344$58
29 years$1,233$895$638$448$311$49
30 years$1,179$845$594$411$281$41
31 years$1,128$799$554$378$254$34
32 years$1,081$756$517$347$230$28
33 years$1,037$716$483$319$208$24
34 years$995$678$451$294$188$20
35 years$956$643$422$270$170$17
36 years$920$611$394$249$154$14
37 years$885$580$369$229$140$12
38 years$852$551$346$211$127$10
39 years$821$524$324$195$115$8
40 years$792$499$304$180$104$7
41 years$764$475$285$166$95$6
42 years$737$452$267$153$86$5
43 years$712$431$251$141$78$4
44 years$688$411$235$130$71$3
45 years$665$392$221$120$64$3
46 years$643$374$207$111$58$2
47 years$622$356$195$103$53$2
48 years$603$340$183$95$48$2
49 years$584$325$172$88$44$1
50 years$565$310$162$81$40$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $579,000, adding $4,994 every year, while hoping to spend $20,283 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: 80/9/11 Blend
66$579,000$579,000$579,000$579,000
67$643,209$612,522$603,548$693,034
68$687,236$620,955$602,186$734,887
69$735,073$629,121$600,098$777,655
70$787,088$636,986$597,239$823,992
71$843,686$644,513$593,562$874,246
72$905,311$651,663$589,015$928,799
73$972,452$658,393$583,546$988,073
74$1,045,647$664,660$577,100$1,052,532
75$1,125,489$670,415$569,619$1,122,687
76$1,212,631$675,607$561,043$1,199,102
77$1,307,790$680,182$551,308$1,282,398
78$1,411,756$684,083$540,349$1,373,258
79$1,525,400$687,248$528,096$1,472,435
80$1,649,680$689,611$514,476$1,580,761
81$1,785,649$691,105$499,413$1,699,148
82$1,934,471$691,654$482,828$1,828,607
83$2,097,422$691,180$464,639$1,970,247
84$2,275,912$689,601$444,757$2,125,291
85$2,471,492$686,828$423,093$2,295,090
86$2,685,869$682,768$399,551$2,481,128
87$2,920,924$677,320$374,033$2,685,044
88$3,178,730$670,380$346,434$2,908,643
89$3,461,568$661,836$316,647$3,153,913
90$3,771,951$651,569$284,558$3,423,046
91$4,112,648$639,454$250,049$3,718,459
92$4,486,709$625,359$212,997$4,042,812
93$4,897,494$609,141$173,272$4,399,041
94$5,348,702$590,653$130,741$4,790,378
95$5,844,411$569,737$85,262$5,220,387
96$6,389,112$546,225$36,690$5,692,994
97$6,987,752$519,941$0$6,212,528
98$7,645,783$490,697$0$6,785,536
99$8,369,209$458,298$0$7,420,208
100$9,164,646$422,533$0$8,118,047