Can I retire at age 67 with 604,000?

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 $604,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.2%
1 years$49,878$49,433$49,000$48,577$48,164$46,942
2 years$24,692$24,232$23,786$23,354$22,935$21,712
3 years$16,298$15,836$15,391$14,963$14,551$13,365
4 years$12,102$11,641$11,201$10,780$10,378$9,238
5 years$9,584$9,127$8,692$8,280$7,889$6,799
6 years$7,907$7,453$7,025$6,622$6,242$5,203
7 years$6,709$6,259$5,838$5,444$5,077$4,087
8 years$5,811$5,365$4,951$4,567$4,212$3,272
9 years$5,113$4,671$4,264$3,890$3,547$2,657
10 years$4,555$4,117$3,718$3,353$3,022$2,180
11 years$4,099$3,665$3,273$2,918$2,599$1,804
12 years$3,719$3,290$2,905$2,560$2,252$1,503
13 years$3,398$2,973$2,595$2,260$1,964$1,259
14 years$3,122$2,702$2,332$2,006$1,722$1,059
15 years$2,884$2,469$2,105$1,789$1,516$894
16 years$2,676$2,265$1,909$1,602$1,340$757
17 years$2,492$2,086$1,737$1,439$1,188$642
18 years$2,329$1,928$1,585$1,297$1,056$546
19 years$2,184$1,786$1,451$1,172$941$466
20 years$2,053$1,660$1,332$1,062$841$397
21 years$1,934$1,546$1,225$963$753$339
22 years$1,827$1,443$1,129$876$675$290
23 years$1,729$1,350$1,043$798$606$248
24 years$1,640$1,265$964$728$544$213
25 years$1,557$1,187$893$664$490$182
26 years$1,481$1,116$828$608$441$157
27 years$1,411$1,050$769$556$398$134
28 years$1,346$989$715$510$359$115
29 years$1,286$933$665$467$324$99
30 years$1,229$881$620$429$293$85
31 years$1,177$833$578$394$265$73
32 years$1,128$788$539$362$239$63
33 years$1,082$747$503$333$217$54
34 years$1,038$708$470$306$196$46
35 years$998$671$440$282$178$40
36 years$959$637$411$260$161$34
37 years$923$605$385$239$146$30
38 years$889$575$361$220$132$25
39 years$856$547$338$203$120$22
40 years$826$520$317$188$109$19
41 years$797$495$297$173$99$16
42 years$769$472$278$160$90$14
43 years$743$449$261$147$81$12
44 years$718$428$245$136$74$10
45 years$694$408$230$126$67$9
46 years$671$390$216$116$61$8
47 years$649$372$203$107$55$7
48 years$629$355$191$99$50$6
49 years$609$339$180$92$46$5
50 years$590$324$169$85$41$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $604,000, adding $5,295 every year, while hoping to spend $29,477 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: 70/8/22 Blend
66$604,000$604,000$604,000$604,000
67$671,070$639,058$629,696$714,015
68$708,156$639,008$619,427$743,329
69$748,036$637,968$607,827$771,450
70$790,966$635,859$594,819$801,515
71$837,223$632,594$580,324$833,715
72$887,114$628,086$564,259$868,260
73$940,975$622,238$546,537$905,381
74$999,177$614,949$527,068$945,335
75$1,062,125$606,114$505,757$988,404
76$1,130,266$595,618$482,505$1,034,903
77$1,204,092$583,342$457,207$1,085,174
78$1,284,142$569,158$429,756$1,139,601
79$1,371,009$552,932$400,038$1,198,603
80$1,465,348$534,522$367,935$1,262,647
81$1,567,876$513,776$333,324$1,332,245
82$1,679,383$490,535$296,074$1,407,964
83$1,800,739$464,629$256,051$1,490,430
84$1,932,900$435,882$213,114$1,580,333
85$2,076,918$404,103$167,116$1,678,438
86$2,233,953$369,093$117,903$1,785,586
87$2,405,278$330,641$65,316$1,902,705
88$2,592,298$288,524$9,185$2,030,823
89$2,796,557$242,506$0$2,171,070
90$3,019,756$192,338$0$2,336,603
91$3,263,766$137,758$0$2,519,969
92$3,530,649$78,487$0$2,720,577
93$3,822,674$14,231$0$2,940,152
94$4,142,341$0$0$3,180,596
95$4,492,401$0$0$3,448,874
96$4,875,884$0$0$3,744,171
97$5,296,129$0$0$4,067,810
98$5,756,810$0$0$4,422,624
99$6,261,975$0$0$4,811,736
100$6,816,084$0$0$5,238,585