Can I retire at age 67 with 592,000?

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 $592,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.7%
1 years$48,887$48,451$48,026$47,612$47,207$46,482
2 years$24,201$23,751$23,314$22,890$22,479$21,751
3 years$15,974$15,521$15,086$14,666$14,262$13,553
4 years$11,861$11,410$10,978$10,566$10,172$9,487
5 years$9,394$8,945$8,520$8,116$7,732$7,074
6 years$7,750$7,305$6,885$6,490$6,118$5,487
7 years$6,576$6,134$5,722$5,336$4,976$4,372
8 years$5,696$5,258$4,852$4,476$4,128$3,551
9 years$5,012$4,578$4,179$3,813$3,476$2,927
10 years$4,465$4,036$3,644$3,287$2,962$2,439
11 years$4,017$3,593$3,208$2,860$2,547$2,051
12 years$3,645$3,225$2,847$2,509$2,208$1,736
13 years$3,330$2,914$2,543$2,215$1,925$1,478
14 years$3,060$2,649$2,285$1,966$1,687$1,265
15 years$2,827$2,420$2,063$1,754$1,486$1,086
16 years$2,623$2,220$1,871$1,570$1,313$936
17 years$2,443$2,045$1,702$1,411$1,164$809
18 years$2,283$1,889$1,554$1,271$1,035$701
19 years$2,140$1,751$1,423$1,149$923$608
20 years$2,012$1,627$1,306$1,040$824$529
21 years$1,896$1,516$1,201$944$738$461
22 years$1,791$1,415$1,107$859$661$402
23 years$1,695$1,323$1,022$782$593$351
24 years$1,607$1,240$945$713$533$306
25 years$1,526$1,163$875$651$480$268
26 years$1,452$1,093$812$595$432$234
27 years$1,383$1,029$754$545$390$205
28 years$1,319$970$701$499$352$180
29 years$1,260$915$652$458$318$158
30 years$1,205$864$607$420$287$138
31 years$1,154$817$566$386$259$121
32 years$1,105$773$528$355$235$106
33 years$1,060$732$493$326$212$93
34 years$1,018$694$461$300$192$82
35 years$978$658$431$276$174$72
36 years$940$624$403$254$158$63
37 years$905$593$377$234$143$56
38 years$871$564$353$216$130$49
39 years$839$536$331$199$118$43
40 years$809$510$310$184$107$38
41 years$781$485$291$170$97$33
42 years$754$462$273$156$88$29
43 years$728$440$256$144$80$26
44 years$703$420$240$133$72$22
45 years$680$400$226$123$66$20
46 years$658$382$212$114$60$17
47 years$636$364$199$105$54$15
48 years$616$348$187$97$49$13
49 years$597$332$176$90$45$12
50 years$578$317$165$83$41$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $592,000, adding $2,813 every year, while hoping to spend $28,964 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: 79/11/10 Blend
66$592,000$592,000$592,000$592,000
67$655,286$623,910$614,734$705,745
68$691,307$623,664$604,510$739,032
69$730,032$622,435$592,973$771,497
70$771,706$620,145$580,048$806,267
71$816,598$616,709$565,657$843,557
72$865,003$612,040$549,718$883,607
73$917,246$606,044$532,147$926,679
74$973,685$598,619$512,854$973,065
75$1,034,711$589,662$491,745$1,023,082
76$1,100,756$579,060$468,722$1,077,084
77$1,172,293$566,694$443,685$1,135,460
78$1,249,844$552,438$416,525$1,198,636
79$1,333,981$536,161$387,131$1,267,087
80$1,425,335$517,720$355,388$1,341,331
81$1,524,598$496,968$321,173$1,421,943
82$1,632,534$473,746$284,358$1,509,554
83$1,749,980$447,887$244,812$1,604,864
84$1,877,860$419,216$202,395$1,708,639
85$2,017,189$387,545$156,963$1,821,729
86$2,169,085$352,677$108,364$1,945,068
87$2,334,778$314,405$56,441$2,079,686
88$2,515,622$272,507$1,028$2,226,720
89$2,713,107$226,751$0$2,387,422
90$2,928,873$176,892$0$2,569,375
91$3,164,727$122,668$0$2,768,421
92$3,422,657$63,807$0$2,986,149
93$3,704,853$18$0$3,224,434
94$4,013,724$0$0$3,485,337
95$4,351,926$0$0$3,779,485
96$4,722,382$0$0$4,101,707
97$5,128,311$0$0$4,454,801
98$5,573,259$0$0$4,841,855
99$6,061,130$0$0$5,266,267
100$6,596,225$0$0$5,731,781