Can I retire at age 67 with 584,000?

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 $584,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.2%
1 years$48,226$47,797$47,377$46,968$46,569$45,949
2 years$23,874$23,430$22,999$22,581$22,176$21,552
3 years$15,758$15,312$14,882$14,468$14,069$13,461
4 years$11,701$11,256$10,830$10,423$10,034$9,447
5 years$9,267$8,825$8,405$8,006$7,628$7,063
6 years$7,645$7,206$6,792$6,403$6,036$5,493
7 years$6,487$6,052$5,644$5,264$4,909$4,389
8 years$5,619$5,187$4,787$4,416$4,072$3,576
9 years$4,944$4,516$4,123$3,761$3,429$2,955
10 years$4,404$3,981$3,594$3,242$2,922$2,470
11 years$3,963$3,544$3,164$2,822$2,513$2,083
12 years$3,596$3,181$2,808$2,475$2,178$1,770
13 years$3,285$2,875$2,509$2,185$1,899$1,512
14 years$3,019$2,613$2,254$1,940$1,665$1,298
15 years$2,789$2,387$2,035$1,730$1,466$1,119
16 years$2,587$2,190$1,845$1,549$1,295$967
17 years$2,410$2,017$1,679$1,392$1,149$839
18 years$2,252$1,864$1,533$1,254$1,021$729
19 years$2,111$1,727$1,403$1,133$910$635
20 years$1,985$1,605$1,288$1,026$813$555
21 years$1,870$1,495$1,185$931$728$485
22 years$1,767$1,396$1,092$847$652$424
23 years$1,672$1,305$1,008$771$585$372
24 years$1,585$1,223$932$703$526$326
25 years$1,506$1,148$864$642$474$286
26 years$1,432$1,079$801$587$427$251
27 years$1,364$1,015$744$538$385$221
28 years$1,302$957$691$493$347$194
29 years$1,243$902$643$452$313$171
30 years$1,189$852$599$415$283$151
31 years$1,138$806$559$381$256$133
32 years$1,090$762$521$350$232$117
33 years$1,046$722$487$322$210$103
34 years$1,004$684$455$296$190$91
35 years$965$649$425$273$172$80
36 years$928$616$398$251$156$71
37 years$893$585$372$231$141$62
38 years$859$556$349$213$128$55
39 years$828$529$327$197$116$49
40 years$798$503$306$181$105$43
41 years$770$479$287$167$95$38
42 years$744$456$269$154$87$33
43 years$718$434$253$143$79$29
44 years$694$414$237$132$71$26
45 years$671$395$223$122$65$23
46 years$649$377$209$112$59$20
47 years$628$360$197$104$53$18
48 years$608$343$185$96$49$16
49 years$589$328$174$89$44$14
50 years$570$313$163$82$40$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $584,000, adding $4,146 every year, while hoping to spend $32,851 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: 55/31/14 Blend
66$584,000$584,000$584,000$584,000
67$647,845$616,893$607,841$680,889
68$678,972$612,167$593,250$699,088
69$712,172$606,109$577,070$714,984
70$747,624$598,618$559,212$731,538
71$785,520$589,589$539,584$748,819
72$826,074$578,909$518,090$766,908
73$869,517$566,460$494,630$785,890
74$916,105$552,114$469,098$805,866
75$966,120$535,740$441,384$826,946
76$1,019,868$517,195$411,375$849,254
77$1,077,687$496,330$378,948$872,929
78$1,139,949$472,987$343,980$898,126
79$1,207,059$447,000$306,340$925,018
80$1,279,467$418,190$265,889$953,801
81$1,357,662$386,371$222,486$984,689
82$1,442,185$351,345$175,981$1,017,925
83$1,533,631$312,903$126,219$1,053,778
84$1,632,650$270,824$73,036$1,092,548
85$1,739,961$224,875$16,264$1,134,570
86$1,856,352$174,810$0$1,180,216
87$1,982,691$120,366$0$1,236,522
88$2,119,932$61,270$0$1,300,349
89$2,269,124$0$0$1,369,809
90$2,431,421$0$0$1,446,445
91$2,608,095$0$0$1,552,669
92$2,800,543$0$0$1,668,427
93$3,010,302$0$0$1,794,649
94$3,239,067$0$0$1,932,361
95$3,488,699$0$0$2,082,692
96$3,761,250$0$0$2,246,883
97$4,058,977$0$0$2,426,302
98$4,384,366$0$0$2,622,454
99$4,740,153$0$0$2,836,997
100$5,129,351$0$0$3,071,756