Can I retire at age 67 with 601,000?

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 $601,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12%
1 years$49,630$49,188$48,757$48,336$47,925$47,523
2 years$24,569$24,112$23,668$23,238$22,821$22,417
3 years$16,217$15,757$15,315$14,889$14,479$14,083
4 years$12,041$11,583$11,145$10,727$10,326$9,943
5 years$9,537$9,081$8,649$8,239$7,850$7,481
6 years$7,868$7,416$6,990$6,589$6,211$5,856
7 years$6,676$6,228$5,809$5,417$5,052$4,710
8 years$5,782$5,338$4,926$4,544$4,191$3,864
9 years$5,088$4,648$4,243$3,871$3,529$3,216
10 years$4,533$4,097$3,699$3,337$3,007$2,708
11 years$4,078$3,647$3,257$2,904$2,586$2,301
12 years$3,700$3,274$2,890$2,547$2,241$1,969
13 years$3,381$2,958$2,582$2,249$1,954$1,695
14 years$3,107$2,689$2,320$1,996$1,713$1,467
15 years$2,870$2,456$2,095$1,780$1,508$1,275
16 years$2,663$2,254$1,899$1,594$1,333$1,112
17 years$2,480$2,076$1,728$1,432$1,182$972
18 years$2,318$1,918$1,578$1,291$1,051$852
19 years$2,173$1,778$1,444$1,166$937$749
20 years$2,043$1,652$1,325$1,056$837$660
21 years$1,925$1,539$1,219$959$749$582
22 years$1,818$1,436$1,124$872$671$514
23 years$1,721$1,343$1,037$794$602$454
24 years$1,631$1,259$959$724$542$402
25 years$1,549$1,181$889$661$487$356
26 years$1,474$1,110$824$605$439$316
27 years$1,404$1,045$765$553$396$281
28 years$1,339$984$711$507$357$249
29 years$1,279$929$662$465$322$221
30 years$1,223$877$617$427$291$197
31 years$1,171$829$575$392$263$175
32 years$1,122$784$536$360$238$156
33 years$1,076$743$501$331$216$139
34 years$1,033$704$468$305$195$124
35 years$993$668$438$281$177$110
36 years$955$634$409$258$160$98
37 years$918$602$383$238$145$87
38 years$884$572$359$219$132$78
39 years$852$544$336$202$119$69
40 years$822$518$315$187$108$62
41 years$793$493$295$172$98$55
42 years$765$469$277$159$89$49
43 years$739$447$260$147$81$44
44 years$714$426$244$135$73$39
45 years$690$406$229$125$67$35
46 years$668$388$215$116$61$31
47 years$646$370$202$107$55$28
48 years$625$353$190$99$50$25
49 years$606$337$179$91$45$22
50 years$587$322$168$84$41$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $601,000, adding $6,343 every year, while hoping to spend $50,143 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: 53/32/15 Blend
66$601,000$601,000$601,000$601,000
67$668,845$636,992$627,676$701,287
68$683,715$614,853$595,352$702,008
69$698,422$589,948$560,264$696,923
70$712,895$562,090$522,267$690,264
71$727,056$531,078$481,209$681,894
72$740,818$496,702$436,931$671,666
73$754,080$458,740$389,267$659,422
74$766,733$416,955$338,044$644,991
75$778,652$371,098$283,080$628,190
76$789,698$320,906$224,188$608,820
77$799,718$266,100$161,168$586,666
78$808,538$206,388$93,816$561,498
79$815,966$141,458$21,916$533,066
80$821,787$70,982$0$501,099
81$825,764$0$0$474,080
82$827,632$0$0$449,130
83$827,096$0$0$447,737
84$823,829$0$0$444,716
85$817,468$0$0$439,853
86$807,611$0$0$432,912
87$793,812$0$0$423,631
88$775,576$0$0$411,720
89$752,355$0$0$396,857
90$723,542$0$0$378,688
91$688,465$0$0$356,818
92$646,380$0$0$330,812
93$596,466$0$0$300,187
94$537,810$0$0$264,411
95$469,408$0$0$222,894
96$390,146$0$0$174,986
97$298,795$0$0$119,965
98$193,994$0$0$57,037
99$74,243$0$0$0
100$0$0$0$0