Can I retire at age 67 with 580,000?

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 $580,000?

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 years$47,896$47,469$47,053$46,647$46,250$45,862
2 years$23,711$23,269$22,841$22,426$22,024$21,633
3 years$15,650$15,207$14,780$14,369$13,973$13,591
4 years$11,621$11,179$10,756$10,352$9,966$9,596
5 years$9,204$8,764$8,347$7,951$7,576$7,219
6 years$7,593$7,157$6,746$6,359$5,994$5,651
7 years$6,443$6,010$5,606$5,228$4,875$4,546
8 years$5,580$5,152$4,754$4,385$4,044$3,729
9 years$4,910$4,486$4,095$3,735$3,406$3,104
10 years$4,374$3,954$3,570$3,220$2,902$2,613
11 years$3,936$3,520$3,143$2,802$2,496$2,220
12 years$3,571$3,159$2,789$2,458$2,163$1,900
13 years$3,263$2,855$2,492$2,170$1,886$1,636
14 years$2,998$2,595$2,239$1,926$1,653$1,416
15 years$2,770$2,371$2,022$1,718$1,456$1,230
16 years$2,570$2,175$1,833$1,538$1,287$1,073
17 years$2,393$2,003$1,668$1,382$1,141$938
18 years$2,237$1,851$1,522$1,246$1,014$823
19 years$2,097$1,715$1,394$1,125$904$723
20 years$1,971$1,594$1,279$1,019$808$637
21 years$1,858$1,485$1,177$925$723$561
22 years$1,754$1,386$1,084$841$648$496
23 years$1,660$1,296$1,001$766$581$438
24 years$1,574$1,215$926$699$523$388
25 years$1,495$1,140$858$638$470$344
26 years$1,422$1,071$795$583$424$305
27 years$1,355$1,008$739$534$382$271
28 years$1,293$950$687$489$345$240
29 years$1,235$896$639$449$311$214
30 years$1,181$846$595$412$281$190
31 years$1,130$800$555$378$254$169
32 years$1,083$757$518$348$230$150
33 years$1,039$717$483$320$208$134
34 years$997$680$452$294$188$119
35 years$958$645$422$271$171$106
36 years$921$612$395$249$155$95
37 years$886$581$370$230$140$84
38 years$854$552$346$212$127$75
39 years$822$525$324$195$115$67
40 years$793$500$304$180$104$60
41 years$765$476$285$166$95$53
42 years$738$453$267$153$86$48
43 years$713$431$251$142$78$42
44 years$689$411$236$131$71$38
45 years$666$392$221$121$64$34
46 years$644$374$208$111$58$30
47 years$624$357$195$103$53$27
48 years$604$341$183$95$48$24
49 years$585$326$172$88$44$21
50 years$566$311$162$81$40$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $580,000, adding $4,412 every year, while hoping to spend $20,397 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: 68/9/23 Blend
66$580,000$580,000$580,000$580,000
67$643,711$612,971$603,981$683,440
68$687,667$621,304$602,512$718,956
69$735,423$629,362$600,310$755,036
70$787,346$637,110$597,330$794,024
71$843,836$644,510$593,522$836,209
72$905,339$651,522$588,836$881,906
73$972,341$658,104$583,220$931,464
74$1,045,379$664,211$576,617$985,268
75$1,125,043$669,793$568,969$1,043,741
76$1,211,984$674,799$560,216$1,107,352
77$1,306,917$679,174$550,293$1,176,617
78$1,410,629$682,860$539,134$1,252,104
79$1,523,987$685,795$526,670$1,334,440
80$1,647,946$687,911$512,826$1,424,317
81$1,783,558$689,140$497,526$1,522,499
82$1,931,978$689,405$480,691$1,629,826
83$2,094,483$688,628$462,237$1,747,226
84$2,272,474$686,725$442,076$1,875,722
85$2,467,497$683,606$420,116$2,016,442
86$2,681,254$679,175$396,263$2,170,630
87$2,915,620$673,333$370,416$2,339,656
88$3,172,659$665,972$342,470$2,525,033
89$3,454,645$656,979$312,318$2,728,429
90$3,764,083$646,234$279,844$2,951,682
91$4,103,730$633,611$244,929$3,196,820
92$4,476,626$618,973$207,450$3,466,076
93$4,886,119$602,180$167,276$3,761,915
94$5,335,895$583,079$124,273$4,087,055
95$5,830,018$561,511$78,297$4,444,491
96$6,372,961$537,307$29,202$4,837,524
97$6,969,656$510,288$0$5,269,797
98$7,625,533$480,264$0$5,751,014
99$8,346,576$447,036$0$6,287,927
100$9,139,378$410,391$0$6,878,282