Can I retire at age 67 with 583,000?

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 $583,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.4%
1 years$48,144$47,715$47,296$46,888$46,489$46,023
2 years$23,833$23,390$22,959$22,542$22,138$21,668
3 years$15,731$15,285$14,856$14,443$14,045$13,587
4 years$11,681$11,236$10,812$10,405$10,017$9,573
5 years$9,251$8,809$8,390$7,992$7,615$7,187
6 years$7,632$7,194$6,781$6,392$6,025$5,614
7 years$6,476$6,041$5,635$5,255$4,900$4,506
8 years$5,609$5,178$4,779$4,408$4,065$3,688
9 years$4,935$4,509$4,116$3,755$3,423$3,062
10 years$4,397$3,974$3,588$3,237$2,917$2,572
11 years$3,956$3,538$3,159$2,817$2,509$2,180
12 years$3,590$3,176$2,804$2,471$2,174$1,861
13 years$3,279$2,870$2,505$2,181$1,896$1,598
14 years$3,014$2,609$2,251$1,936$1,662$1,379
15 years$2,784$2,383$2,032$1,727$1,463$1,195
16 years$2,583$2,186$1,842$1,546$1,293$1,039
17 years$2,406$2,013$1,676$1,389$1,147$907
18 years$2,248$1,861$1,530$1,252$1,020$793
19 years$2,108$1,724$1,401$1,131$909$695
20 years$1,981$1,602$1,286$1,025$812$610
21 years$1,867$1,493$1,183$930$726$536
22 years$1,764$1,393$1,090$845$651$472
23 years$1,669$1,303$1,006$770$584$416
24 years$1,583$1,221$931$702$525$367
25 years$1,503$1,146$862$641$473$325
26 years$1,430$1,077$800$586$426$287
27 years$1,362$1,013$742$537$384$254
28 years$1,299$955$690$492$346$225
29 years$1,241$901$642$451$313$199
30 years$1,187$851$598$414$283$176
31 years$1,136$804$558$380$256$156
32 years$1,089$761$520$349$231$139
33 years$1,044$721$486$321$209$123
34 years$1,002$683$454$296$189$109
35 years$963$648$424$272$172$97
36 years$926$615$397$251$155$86
37 years$891$584$372$231$141$77
38 years$858$555$348$213$128$68
39 years$827$528$326$196$116$60
40 years$797$502$306$181$105$54
41 years$769$478$287$167$95$48
42 years$742$455$269$154$86$42
43 years$717$434$252$142$78$38
44 years$693$413$237$131$71$34
45 years$670$394$222$121$65$30
46 years$648$376$209$112$59$26
47 years$627$359$196$104$53$24
48 years$607$343$184$96$48$21
49 years$588$327$173$88$44$19
50 years$569$313$163$82$40$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $583,000, adding $6,200 every year, while hoping to spend $34,480 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: 56/27/17 Blend
66$583,000$583,000$583,000$583,000
67$648,861$617,962$608,926$681,950
68$678,359$611,556$592,638$698,753
69$709,709$603,680$574,650$712,797
70$743,065$594,226$554,866$727,319
71$778,594$583,080$533,191$742,373
72$816,479$570,119$509,521$758,019
73$856,920$555,214$483,749$774,326
74$900,136$538,230$455,765$791,371
75$946,368$519,022$425,452$809,241
76$995,880$497,436$392,687$828,035
77$1,048,961$473,312$357,343$847,863
78$1,105,929$446,478$319,288$868,848
79$1,167,132$416,753$278,382$891,132
80$1,232,952$383,947$234,480$914,869
81$1,303,808$347,856$187,431$940,235
82$1,380,163$308,267$137,076$967,427
83$1,462,522$264,955$83,251$996,664
84$1,551,442$217,680$25,782$1,028,191
85$1,647,533$166,190$0$1,062,283
86$1,751,467$110,219$0$1,105,694
87$1,863,983$49,487$0$1,157,727
88$1,985,893$0$0$1,214,118
89$2,118,089$0$0$1,280,173
90$2,261,552$0$0$1,367,859
91$2,417,362$0$0$1,463,137
92$2,586,706$0$0$1,566,739
93$2,770,891$0$0$1,679,472
94$2,971,353$0$0$1,802,221
95$3,189,674$0$0$1,935,960
96$3,427,594$0$0$2,081,763
97$3,687,028$0$0$2,240,810
98$3,970,083$0$0$2,414,402
99$4,279,080$0$0$2,603,968
100$4,616,573$0$0$2,811,084