Can I retire at age 67 with 601,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%11.9%
1 years$49,630$49,188$48,757$48,336$47,925$47,543
2 years$24,569$24,112$23,668$23,238$22,821$22,436
3 years$16,217$15,757$15,315$14,889$14,479$14,103
4 years$12,041$11,583$11,145$10,727$10,326$9,962
5 years$9,537$9,081$8,649$8,239$7,850$7,499
6 years$7,868$7,416$6,990$6,589$6,211$5,873
7 years$6,676$6,228$5,809$5,417$5,052$4,727
8 years$5,782$5,338$4,926$4,544$4,191$3,880
9 years$5,088$4,648$4,243$3,871$3,529$3,231
10 years$4,533$4,097$3,699$3,337$3,007$2,722
11 years$4,078$3,647$3,257$2,904$2,586$2,314
12 years$3,700$3,274$2,890$2,547$2,241$1,982
13 years$3,381$2,958$2,582$2,249$1,954$1,708
14 years$3,107$2,689$2,320$1,996$1,713$1,479
15 years$2,870$2,456$2,095$1,780$1,508$1,286
16 years$2,663$2,254$1,899$1,594$1,333$1,122
17 years$2,480$2,076$1,728$1,432$1,182$982
18 years$2,318$1,918$1,578$1,291$1,051$861
19 years$2,173$1,778$1,444$1,166$937$758
20 years$2,043$1,652$1,325$1,056$837$668
21 years$1,925$1,539$1,219$959$749$589
22 years$1,818$1,436$1,124$872$671$521
23 years$1,721$1,343$1,037$794$602$461
24 years$1,631$1,259$959$724$542$408
25 years$1,549$1,181$889$661$487$362
26 years$1,474$1,110$824$605$439$321
27 years$1,404$1,045$765$553$396$285
28 years$1,339$984$711$507$357$254
29 years$1,279$929$662$465$322$226
30 years$1,223$877$617$427$291$201
31 years$1,171$829$575$392$263$179
32 years$1,122$784$536$360$238$159
33 years$1,076$743$501$331$216$142
34 years$1,033$704$468$305$195$126
35 years$993$668$438$281$177$113
36 years$955$634$409$258$160$101
37 years$918$602$383$238$145$90
38 years$884$572$359$219$132$80
39 years$852$544$336$202$119$71
40 years$822$518$315$187$108$64
41 years$793$493$295$172$98$57
42 years$765$469$277$159$89$51
43 years$739$447$260$147$81$45
44 years$714$426$244$135$73$40
45 years$690$406$229$125$67$36
46 years$668$388$215$116$61$32
47 years$646$370$202$107$55$29
48 years$625$353$190$99$50$26
49 years$606$337$179$91$45$23
50 years$587$322$168$84$41$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $601,000, adding $6,310 every year, while hoping to spend $40,146 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: 55/36/9 Blend
66$601,000$601,000$601,000$601,000
67$668,811$636,958$627,642$703,788
68$694,314$625,454$605,953$716,662
69$721,074$612,040$582,192$725,708
70$749,175$596,582$556,247$734,596
71$778,711$578,934$528,001$743,316
72$809,782$558,945$497,333$751,860
73$842,500$536,453$464,113$760,224
74$876,984$511,288$428,210$768,402
75$913,364$483,270$389,483$776,393
76$951,784$452,206$347,787$784,198
77$992,398$417,896$302,969$791,821
78$1,035,375$380,126$254,872$799,269
79$1,080,902$338,670$203,328$806,554
80$1,129,179$293,291$148,165$813,692
81$1,180,429$243,736$89,203$820,706
82$1,234,893$189,739$26,251$827,624
83$1,292,835$131,019$0$834,482
84$1,354,544$67,279$0$845,255
85$1,420,338$0$0$859,012
86$1,490,562$0$0$874,025
87$1,565,599$0$0$918,579
88$1,645,863$0$0$966,272
89$1,731,813$0$0$1,017,380
90$1,823,949$0$0$1,072,207
91$1,922,820$0$0$1,131,085
92$2,029,031$0$0$1,194,377
93$2,143,243$0$0$1,262,485
94$2,266,182$0$0$1,335,848
95$2,398,648$0$0$1,414,949
96$2,541,517$0$0$1,500,317
97$2,695,752$0$0$1,592,536
98$2,862,411$0$0$1,692,245
99$3,042,658$0$0$1,800,149
100$3,237,771$0$0$1,917,021