Can I retire at age 67 with 605,000?

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 $605,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.8%
1 years$49,960$49,515$49,081$48,657$48,244$47,096
2 years$24,733$24,272$23,826$23,393$22,973$21,824
3 years$16,325$15,862$15,417$14,988$14,575$13,460
4 years$12,122$11,660$11,220$10,798$10,395$9,323
5 years$9,600$9,142$8,707$8,294$7,902$6,875
6 years$7,920$7,465$7,036$6,633$6,253$5,273
7 years$6,720$6,269$5,847$5,453$5,085$4,152
8 years$5,821$5,374$4,959$4,575$4,219$3,332
9 years$5,122$4,679$4,271$3,896$3,553$2,711
10 years$4,563$4,124$3,724$3,359$3,027$2,231
11 years$4,106$3,672$3,278$2,923$2,603$1,851
12 years$3,725$3,295$2,909$2,564$2,256$1,546
13 years$3,403$2,978$2,599$2,264$1,967$1,298
14 years$3,128$2,707$2,336$2,009$1,725$1,095
15 years$2,889$2,473$2,109$1,792$1,518$927
16 years$2,680$2,269$1,912$1,605$1,342$787
17 years$2,497$2,089$1,740$1,442$1,190$670
18 years$2,333$1,931$1,588$1,299$1,058$572
19 years$2,187$1,789$1,454$1,174$943$488
20 years$2,056$1,663$1,334$1,063$842$418
21 years$1,938$1,549$1,227$965$754$358
22 years$1,830$1,446$1,131$877$676$307
23 years$1,732$1,352$1,044$799$607$264
24 years$1,642$1,267$966$729$545$227
25 years$1,560$1,189$895$666$491$195
26 years$1,484$1,117$830$609$442$168
27 years$1,414$1,052$770$557$398$144
28 years$1,348$991$716$510$359$124
29 years$1,288$935$667$468$325$107
30 years$1,232$883$621$430$293$92
31 years$1,179$835$579$394$265$80
32 years$1,130$790$540$363$240$69
33 years$1,083$748$504$333$217$59
34 years$1,040$709$471$307$197$51
35 years$999$672$440$282$178$44
36 years$961$638$412$260$161$38
37 years$925$606$386$240$146$33
38 years$890$576$361$221$133$28
39 years$858$548$338$204$120$24
40 years$827$521$317$188$109$21
41 years$798$496$297$173$99$18
42 years$770$472$279$160$90$16
43 years$744$450$262$148$81$14
44 years$719$429$246$136$74$12
45 years$695$409$231$126$67$10
46 years$672$390$217$116$61$9
47 years$650$372$204$107$55$8
48 years$630$356$191$99$50$7
49 years$610$340$180$92$46$6
50 years$591$324$169$85$41$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $605,000, adding $6,791 every year, while hoping to spend $50,295 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: 39/35/26 Blend
66$605,000$605,000$605,000$605,000
67$673,715$641,650$632,272$694,569
68$688,920$619,577$599,940$688,284
69$703,991$594,737$564,839$676,320
70$718,860$566,942$526,823$662,404
71$733,452$535,990$485,740$646,390
72$747,683$501,672$441,431$628,122
73$761,457$463,764$393,729$607,431
74$774,667$422,031$342,461$584,139
75$787,195$376,221$287,444$558,054
76$798,905$326,073$228,491$528,971
77$809,650$271,307$165,402$496,671
78$819,263$211,629$97,971$460,918
79$827,557$146,729$25,982$421,461
80$834,326$76,277$0$378,031
81$839,340$0$0$344,442
82$842,343$0$0$314,916
83$843,050$0$0$313,736
84$841,144$0$0$311,387
85$836,276$0$0$307,716
86$828,055$0$0$302,554
87$816,050$0$0$295,714
88$799,781$0$0$286,990
89$778,719$0$0$276,150
90$752,275$0$0$262,942
91$719,799$0$0$247,082
92$680,570$0$0$228,261
93$633,791$0$0$206,133
94$578,581$0$0$180,318
95$513,963$0$0$150,394
96$438,861$0$0$115,895
97$352,081$0$0$76,308
98$252,305$0$0$31,064
99$138,079$0$0$0
100$7,792$0$0$0