Can I retire at age 67 with 599,000?

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 $599,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.9%
1 years$49,465$49,024$48,594$48,175$47,765$47,188
2 years$24,488$24,031$23,590$23,161$22,745$22,164
3 years$16,163$15,705$15,264$14,839$14,431$13,864
4 years$12,001$11,545$11,108$10,691$10,292$9,744
5 years$9,505$9,051$8,620$8,212$7,824$7,296
6 years$7,841$7,391$6,967$6,567$6,191$5,684
7 years$6,654$6,207$5,789$5,399$5,035$4,549
8 years$5,763$5,320$4,910$4,529$4,177$3,712
9 years$5,071$4,632$4,229$3,858$3,517$3,074
10 years$4,517$4,083$3,687$3,325$2,997$2,574
11 years$4,065$3,635$3,246$2,894$2,578$2,175
12 years$3,688$3,263$2,881$2,539$2,234$1,851
13 years$3,369$2,949$2,574$2,241$1,948$1,584
14 years$3,097$2,680$2,312$1,989$1,707$1,363
15 years$2,860$2,448$2,088$1,774$1,503$1,177
16 years$2,654$2,246$1,893$1,589$1,329$1,020
17 years$2,472$2,069$1,722$1,427$1,178$886
18 years$2,310$1,912$1,572$1,286$1,047$772
19 years$2,166$1,772$1,439$1,162$934$674
20 years$2,036$1,646$1,321$1,053$834$590
21 years$1,918$1,533$1,215$955$746$517
22 years$1,812$1,431$1,120$869$669$453
23 years$1,715$1,339$1,034$791$600$398
24 years$1,626$1,254$956$722$540$350
25 years$1,544$1,177$886$659$486$308
26 years$1,469$1,106$821$603$437$271
27 years$1,400$1,041$763$552$394$239
28 years$1,335$981$709$505$356$211
29 years$1,275$926$660$463$321$186
30 years$1,219$874$615$425$290$164
31 years$1,167$826$573$391$263$145
32 years$1,118$782$535$359$237$128
33 years$1,073$740$499$330$215$113
34 years$1,030$702$466$304$195$100
35 years$989$666$436$280$176$88
36 years$951$632$408$257$160$78
37 years$915$600$382$237$145$69
38 years$881$570$358$219$131$61
39 years$849$542$335$202$119$54
40 years$819$516$314$186$108$48
41 years$790$491$294$172$98$42
42 years$763$468$276$158$89$37
43 years$737$446$259$146$81$33
44 years$712$425$243$135$73$29
45 years$688$405$228$125$66$26
46 years$665$386$215$115$60$23
47 years$644$369$202$106$55$20
48 years$623$352$189$98$50$18
49 years$604$336$178$91$45$16
50 years$585$321$167$84$41$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $599,000, adding $4,724 every year, while hoping to spend $31,986 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: 80/5/15 Blend
66$599,000$599,000$599,000$599,000
67$664,971$633,224$623,939$715,743
68$698,765$630,219$610,808$746,808
69$734,934$625,995$596,166$776,299
70$773,687$620,458$579,926$807,754
71$815,251$613,509$562,003$841,356
72$859,879$605,043$542,302$877,306
73$907,845$594,949$520,727$915,827
74$959,452$583,108$497,178$957,164
75$1,015,032$569,395$471,549$1,001,585
76$1,074,948$553,679$443,729$1,049,389
77$1,139,602$535,819$413,604$1,100,904
78$1,209,434$515,666$381,052$1,156,490
79$1,284,927$493,064$345,947$1,216,547
80$1,366,612$467,847$308,159$1,281,514
81$1,455,073$439,838$267,550$1,351,876
82$1,550,953$408,853$223,975$1,428,166
83$1,654,958$374,695$177,286$1,510,975
84$1,767,865$337,155$127,326$1,600,951
85$1,890,527$296,016$73,931$1,698,812
86$2,023,884$251,044$16,932$1,805,346
87$2,168,970$201,995$0$1,921,426
88$2,326,923$148,611$0$2,055,037
89$2,498,993$90,617$0$2,203,560
90$2,686,559$27,725$0$2,365,484
91$2,891,135$0$0$2,542,127
92$3,114,390$0$0$2,737,164
93$3,358,160$0$0$2,951,805
94$3,624,467$0$0$3,186,305
95$3,915,537$0$0$3,442,628
96$4,233,818$0$0$3,722,932
97$4,582,010$0$0$4,029,595
98$4,963,082$0$0$4,365,236
99$5,380,305$0$0$4,732,738
100$5,837,282$0$0$5,135,276