Can I retire at age 67 with 604,000?

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 $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%11.5%
1 years$49,878$49,433$49,000$48,577$48,164$47,860
2 years$24,692$24,232$23,786$23,354$22,935$22,629
3 years$16,298$15,836$15,391$14,963$14,551$14,252
4 years$12,102$11,641$11,201$10,780$10,378$10,088
5 years$9,584$9,127$8,692$8,280$7,889$7,609
6 years$7,907$7,453$7,025$6,622$6,242$5,973
7 years$6,709$6,259$5,838$5,444$5,077$4,817
8 years$5,811$5,365$4,951$4,567$4,212$3,963
9 years$5,113$4,671$4,264$3,890$3,547$3,308
10 years$4,555$4,117$3,718$3,353$3,022$2,794
11 years$4,099$3,665$3,273$2,918$2,599$2,381
12 years$3,719$3,290$2,905$2,560$2,252$2,044
13 years$3,398$2,973$2,595$2,260$1,964$1,766
14 years$3,122$2,702$2,332$2,006$1,722$1,533
15 years$2,884$2,469$2,105$1,789$1,516$1,336
16 years$2,676$2,265$1,909$1,602$1,340$1,169
17 years$2,492$2,086$1,737$1,439$1,188$1,026
18 years$2,329$1,928$1,585$1,297$1,056$903
19 years$2,184$1,786$1,451$1,172$941$796
20 years$2,053$1,660$1,332$1,062$841$704
21 years$1,934$1,546$1,225$963$753$623
22 years$1,827$1,443$1,129$876$675$552
23 years$1,729$1,350$1,043$798$606$490
24 years$1,640$1,265$964$728$544$436
25 years$1,557$1,187$893$664$490$388
26 years$1,481$1,116$828$608$441$345
27 years$1,411$1,050$769$556$398$308
28 years$1,346$989$715$510$359$274
29 years$1,286$933$665$467$324$245
30 years$1,229$881$620$429$293$218
31 years$1,177$833$578$394$265$195
32 years$1,128$788$539$362$239$174
33 years$1,082$747$503$333$217$156
34 years$1,038$708$470$306$196$139
35 years$998$671$440$282$178$125
36 years$959$637$411$260$161$112
37 years$923$605$385$239$146$100
38 years$889$575$361$220$132$89
39 years$856$547$338$203$120$80
40 years$826$520$317$188$109$72
41 years$797$495$297$173$99$64
42 years$769$472$278$160$90$57
43 years$743$449$261$147$81$52
44 years$718$428$245$136$74$46
45 years$694$408$230$126$67$41
46 years$671$390$216$116$61$37
47 years$649$372$203$107$55$33
48 years$629$355$191$99$50$30
49 years$609$339$180$92$46$27
50 years$590$324$169$85$41$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $604,000, adding $2,322 every year, while hoping to spend $20,988 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: 86/5/9 Blend
66$604,000$604,000$604,000$604,000
67$668,003$635,991$626,629$724,500
68$713,808$644,824$625,290$770,554
69$763,582$653,385$623,203$818,046
70$817,708$661,641$620,320$869,574
71$876,605$669,553$616,592$925,531
72$940,739$677,081$611,968$986,348
73$1,010,617$684,181$606,392$1,052,501
74$1,086,802$690,807$599,807$1,124,514
75$1,169,910$696,911$592,155$1,202,965
76$1,260,621$702,440$583,373$1,288,488
77$1,359,683$707,339$573,395$1,381,784
78$1,467,920$711,547$562,153$1,483,624
79$1,586,237$715,003$549,574$1,594,857
80$1,715,634$717,639$535,586$1,716,417
81$1,857,208$719,383$520,107$1,849,337
82$2,012,171$720,159$503,058$1,994,751
83$2,181,853$719,888$484,352$2,153,910
84$2,367,723$718,484$463,898$2,328,191
85$2,571,397$715,855$441,605$2,519,112
86$2,794,653$711,906$417,372$2,728,347
87$3,039,452$706,534$391,099$2,957,737
88$3,307,953$699,631$362,677$3,209,312
89$3,602,532$691,081$331,995$3,485,311
90$3,925,810$680,763$298,936$3,788,197
91$4,280,670$668,548$263,378$4,120,687
92$4,670,291$654,299$225,194$4,485,773
93$5,098,172$637,871$184,249$4,886,752
94$5,568,169$619,111$140,405$5,327,258
95$6,084,531$597,856$93,517$5,811,295
96$6,651,936$573,934$43,433$6,343,275
97$7,275,541$547,164$0$6,928,059
98$7,961,024$517,352$0$7,571,966
99$8,714,642$484,297$0$8,284,452
100$9,543,290$447,782$0$9,067,864