Can I retire at age 67 with 586,000?

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 $586,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13%
1 years$48,391$47,960$47,540$47,129$46,728$46,145
2 years$23,956$23,510$23,078$22,658$22,252$21,664
3 years$15,812$15,364$14,933$14,517$14,117$13,544
4 years$11,741$11,294$10,867$10,459$10,069$9,515
5 years$9,299$8,855$8,433$8,033$7,654$7,121
6 years$7,671$7,231$6,815$6,424$6,056$5,544
7 years$6,509$6,072$5,664$5,282$4,925$4,435
8 years$5,638$5,205$4,803$4,431$4,086$3,617
9 years$4,961$4,532$4,137$3,774$3,441$2,993
10 years$4,419$3,995$3,607$3,253$2,932$2,505
11 years$3,977$3,556$3,175$2,831$2,522$2,115
12 years$3,608$3,192$2,818$2,483$2,185$1,799
13 years$3,296$2,885$2,518$2,193$1,906$1,539
14 years$3,029$2,622$2,262$1,946$1,670$1,323
15 years$2,798$2,395$2,042$1,736$1,471$1,142
16 years$2,596$2,198$1,852$1,554$1,300$989
17 years$2,418$2,024$1,685$1,396$1,153$859
18 years$2,260$1,870$1,538$1,258$1,025$748
19 years$2,119$1,733$1,408$1,137$913$652
20 years$1,992$1,611$1,292$1,030$816$570
21 years$1,877$1,500$1,189$935$730$499
22 years$1,773$1,400$1,096$850$654$437
23 years$1,678$1,310$1,012$774$587$384
24 years$1,591$1,227$936$706$528$337
25 years$1,511$1,152$866$645$475$297
26 years$1,437$1,082$804$589$428$261
27 years$1,369$1,019$746$540$386$230
28 years$1,306$960$694$494$348$202
29 years$1,247$905$646$453$314$178
30 years$1,193$855$601$416$284$157
31 years$1,142$808$561$382$257$139
32 years$1,094$765$523$351$232$123
33 years$1,049$724$488$323$210$108
34 years$1,007$687$456$297$190$96
35 years$968$651$427$274$172$84
36 years$931$618$399$252$156$75
37 years$896$587$374$232$142$66
38 years$862$558$350$214$128$58
39 years$831$530$328$197$116$51
40 years$801$505$307$182$106$46
41 years$773$480$288$168$96$40
42 years$746$458$270$155$87$36
43 years$721$436$254$143$79$31
44 years$696$416$238$132$72$28
45 years$673$396$223$122$65$25
46 years$651$378$210$113$59$22
47 years$630$361$197$104$54$19
48 years$610$344$185$96$49$17
49 years$591$329$174$89$44$15
50 years$572$314$164$82$40$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $586,000, adding $4,711 every year, while hoping to spend $41,100 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: 46/24/30 Blend
66$586,000$586,000$586,000$586,000
67$650,631$619,573$610,490$674,750
68$673,266$606,202$587,212$678,980
69$696,831$590,799$561,776$679,256
70$721,380$573,219$534,067$678,781
71$746,966$553,313$503,964$677,507
72$773,651$530,919$471,341$675,385
73$801,498$505,869$436,065$672,365
74$830,577$477,983$398,000$668,393
75$860,962$447,071$356,999$663,416
76$892,736$412,933$312,914$657,377
77$925,985$375,356$265,587$650,218
78$960,804$334,118$214,853$641,882
79$997,297$288,980$160,541$632,307
80$1,035,574$239,693$102,472$621,431
81$1,075,757$185,992$40,459$609,191
82$1,117,977$127,599$0$595,523
83$1,162,377$64,218$0$588,596
84$1,209,113$0$0$594,467
85$1,258,353$0$0$601,352
86$1,310,281$0$0$626,525
87$1,365,099$0$0$653,126
88$1,423,025$0$0$681,266
89$1,484,298$0$0$711,063
90$1,549,179$0$0$742,650
91$1,617,953$0$0$776,169
92$1,690,930$0$0$811,777
93$1,768,452$0$0$849,644
94$1,850,889$0$0$889,958
95$1,938,650$0$0$932,925
96$2,032,180$0$0$978,768
97$2,131,968$0$0$1,027,733
98$2,238,547$0$0$1,080,091
99$2,352,505$0$0$1,136,137
100$2,474,484$0$0$1,196,194