Can I retire at age 67 with 585,000?

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 $585,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.8%
1 years$48,309$47,878$47,459$47,049$46,649$45,539
2 years$23,915$23,470$23,038$22,620$22,214$21,103
3 years$15,785$15,338$14,907$14,493$14,093$13,015
4 years$11,721$11,275$10,849$10,441$10,051$9,015
5 years$9,283$8,840$8,419$8,020$7,641$6,648
6 years$7,658$7,218$6,804$6,413$6,046$5,098
7 years$6,498$6,062$5,654$5,273$4,917$4,015
8 years$5,628$5,196$4,795$4,423$4,079$3,222
9 years$4,952$4,524$4,130$3,768$3,435$2,622
10 years$4,412$3,988$3,601$3,248$2,927$2,157
11 years$3,970$3,550$3,170$2,827$2,517$1,789
12 years$3,602$3,186$2,813$2,479$2,181$1,495
13 years$3,291$2,880$2,513$2,189$1,902$1,255
14 years$3,024$2,617$2,258$1,943$1,668$1,059
15 years$2,793$2,391$2,039$1,733$1,468$896
16 years$2,592$2,194$1,849$1,552$1,298$761
17 years$2,414$2,020$1,682$1,394$1,151$648
18 years$2,256$1,867$1,536$1,256$1,023$553
19 years$2,115$1,730$1,406$1,135$912$472
20 years$1,988$1,608$1,290$1,028$814$404
21 years$1,874$1,498$1,187$933$729$346
22 years$1,770$1,398$1,094$848$653$297
23 years$1,675$1,308$1,010$773$586$255
24 years$1,588$1,225$934$705$527$219
25 years$1,508$1,150$865$644$474$189
26 years$1,435$1,080$802$588$427$162
27 years$1,367$1,017$745$539$385$140
28 years$1,304$958$693$493$348$120
29 years$1,245$904$644$453$314$104
30 years$1,191$854$600$415$284$89
31 years$1,140$807$560$381$256$77
32 years$1,092$764$522$351$232$66
33 years$1,048$723$488$322$210$57
34 years$1,006$685$456$297$190$49
35 years$966$650$426$273$172$43
36 years$929$617$398$251$156$37
37 years$894$586$373$232$141$32
38 years$861$557$349$214$128$27
39 years$830$530$327$197$116$24
40 years$800$504$307$182$105$20
41 years$772$480$288$168$96$18
42 years$745$457$270$155$87$15
43 years$719$435$253$143$79$13
44 years$695$415$238$132$71$11
45 years$672$396$223$122$65$10
46 years$650$377$210$112$59$8
47 years$629$360$197$104$53$7
48 years$609$344$185$96$49$6
49 years$590$328$174$89$44$5
50 years$571$314$163$82$40$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $585,000, adding $5,280 every year, while hoping to spend $52,324 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: 76/17/7 Blend
66$585,000$585,000$585,000$585,000
67$650,116$619,111$610,044$698,545
68$660,756$593,775$574,808$705,779
69$670,727$565,444$536,638$706,471
70$679,906$533,916$495,380$705,711
71$688,156$498,977$450,875$703,334
72$695,322$460,402$402,954$699,160
73$701,234$417,951$351,442$692,989
74$705,701$371,372$296,156$684,605
75$708,512$320,398$236,907$673,769
76$709,430$264,747$173,493$660,219
77$708,195$204,123$105,708$643,667
78$704,515$138,209$33,333$623,799
79$698,068$66,674$0$600,270
80$688,498$0$0$575,979
81$675,406$0$0$552,129
82$658,355$0$0$537,422
83$636,858$0$0$518,977
84$610,375$0$0$496,343
85$578,310$0$0$469,021
86$540,004$0$0$436,456
87$494,726$0$0$398,036
88$441,668$0$0$353,086
89$379,937$0$0$300,855
90$308,546$0$0$240,517
91$226,404$0$0$171,158
92$132,304$0$0$91,766
93$24,915$0$0$1,226
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0