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%12.9%
1 years$49,630$49,188$48,757$48,336$47,925$47,345
2 years$24,569$24,112$23,668$23,238$22,821$22,238
3 years$16,217$15,757$15,315$14,889$14,479$13,910
4 years$12,041$11,583$11,145$10,727$10,326$9,777
5 years$9,537$9,081$8,649$8,239$7,850$7,321
6 years$7,868$7,416$6,990$6,589$6,211$5,703
7 years$6,676$6,228$5,809$5,417$5,052$4,564
8 years$5,782$5,338$4,926$4,544$4,191$3,725
9 years$5,088$4,648$4,243$3,871$3,529$3,084
10 years$4,533$4,097$3,699$3,337$3,007$2,583
11 years$4,078$3,647$3,257$2,904$2,586$2,182
12 years$3,700$3,274$2,890$2,547$2,241$1,857
13 years$3,381$2,958$2,582$2,249$1,954$1,590
14 years$3,107$2,689$2,320$1,996$1,713$1,367
15 years$2,870$2,456$2,095$1,780$1,508$1,181
16 years$2,663$2,254$1,899$1,594$1,333$1,023
17 years$2,480$2,076$1,728$1,432$1,182$889
18 years$2,318$1,918$1,578$1,291$1,051$775
19 years$2,173$1,778$1,444$1,166$937$677
20 years$2,043$1,652$1,325$1,056$837$592
21 years$1,925$1,539$1,219$959$749$518
22 years$1,818$1,436$1,124$872$671$455
23 years$1,721$1,343$1,037$794$602$399
24 years$1,631$1,259$959$724$542$351
25 years$1,549$1,181$889$661$487$309
26 years$1,474$1,110$824$605$439$272
27 years$1,404$1,045$765$553$396$240
28 years$1,339$984$711$507$357$211
29 years$1,279$929$662$465$322$187
30 years$1,223$877$617$427$291$165
31 years$1,171$829$575$392$263$145
32 years$1,122$784$536$360$238$128
33 years$1,076$743$501$331$216$113
34 years$1,033$704$468$305$195$100
35 years$993$668$438$281$177$89
36 years$955$634$409$258$160$78
37 years$918$602$383$238$145$69
38 years$884$572$359$219$132$61
39 years$852$544$336$202$119$54
40 years$822$518$315$187$108$48
41 years$793$493$295$172$98$43
42 years$765$469$277$159$89$38
43 years$739$447$260$147$81$33
44 years$714$426$244$135$73$29
45 years$690$406$229$125$67$26
46 years$668$388$215$116$61$23
47 years$646$370$202$107$55$20
48 years$625$353$190$99$50$18
49 years$606$337$179$91$45$16
50 years$587$322$168$84$41$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $601,000, adding $5,940 every year, while hoping to spend $44,728 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: 57/37/6 Blend
66$601,000$601,000$601,000$601,000
67$668,429$636,576$627,261$705,358
68$689,019$620,178$600,684$714,484
69$710,209$601,477$571,717$718,857
70$732,015$580,314$540,234$722,509
71$754,450$556,519$506,101$725,374
72$777,528$529,912$469,180$727,382
73$801,262$500,305$429,324$728,461
74$825,668$467,496$386,383$728,531
75$850,756$431,275$340,197$727,509
76$876,542$391,415$290,602$725,306
77$903,036$347,681$237,424$721,826
78$930,251$299,823$180,483$716,970
79$958,197$247,575$119,590$710,629
80$986,886$190,659$54,549$702,690
81$1,016,325$128,778$0$693,032
82$1,046,525$61,622$0$682,477
83$1,077,490$0$0$673,724
84$1,109,226$0$0$667,682
85$1,141,738$0$0$687,188
86$1,175,025$0$0$707,153
87$1,209,089$0$0$727,575
88$1,243,924$0$0$748,452
89$1,279,525$0$0$769,778
90$1,315,882$0$0$791,546
91$1,352,982$0$0$813,747
92$1,390,806$0$0$836,368
93$1,429,333$0$0$859,395
94$1,468,535$0$0$882,809
95$1,508,377$0$0$906,587
96$1,548,821$0$0$930,703
97$1,589,816$0$0$955,126
98$1,631,309$0$0$979,818
99$1,673,233$0$0$1,004,739
100$1,715,512$0$0$1,029,838