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%12.4%
1 years$49,960$49,515$49,081$48,657$48,244$47,760
2 years$24,733$24,272$23,826$23,393$22,973$22,486
3 years$16,325$15,862$15,417$14,988$14,575$14,099
4 years$12,122$11,660$11,220$10,798$10,395$9,935
5 years$9,600$9,142$8,707$8,294$7,902$7,458
6 years$7,920$7,465$7,036$6,633$6,253$5,826
7 years$6,720$6,269$5,847$5,453$5,085$4,676
8 years$5,821$5,374$4,959$4,575$4,219$3,827
9 years$5,122$4,679$4,271$3,896$3,553$3,178
10 years$4,563$4,124$3,724$3,359$3,027$2,669
11 years$4,106$3,672$3,278$2,923$2,603$2,262
12 years$3,725$3,295$2,909$2,564$2,256$1,931
13 years$3,403$2,978$2,599$2,264$1,967$1,659
14 years$3,128$2,707$2,336$2,009$1,725$1,431
15 years$2,889$2,473$2,109$1,792$1,518$1,240
16 years$2,680$2,269$1,912$1,605$1,342$1,079
17 years$2,497$2,089$1,740$1,442$1,190$941
18 years$2,333$1,931$1,588$1,299$1,058$823
19 years$2,187$1,789$1,454$1,174$943$721
20 years$2,056$1,663$1,334$1,063$842$633
21 years$1,938$1,549$1,227$965$754$556
22 years$1,830$1,446$1,131$877$676$490
23 years$1,732$1,352$1,044$799$607$432
24 years$1,642$1,267$966$729$545$381
25 years$1,560$1,189$895$666$491$337
26 years$1,484$1,117$830$609$442$298
27 years$1,414$1,052$770$557$398$263
28 years$1,348$991$716$510$359$233
29 years$1,288$935$667$468$325$207
30 years$1,232$883$621$430$293$183
31 years$1,179$835$579$394$265$162
32 years$1,130$790$540$363$240$144
33 years$1,083$748$504$333$217$128
34 years$1,040$709$471$307$197$113
35 years$999$672$440$282$178$101
36 years$961$638$412$260$161$89
37 years$925$606$386$240$146$79
38 years$890$576$361$221$133$71
39 years$858$548$338$204$120$63
40 years$827$521$317$188$109$56
41 years$798$496$297$173$99$50
42 years$770$472$279$160$90$44
43 years$744$450$262$148$81$39
44 years$719$429$246$136$74$35
45 years$695$409$231$126$67$31
46 years$672$390$217$116$61$27
47 years$650$372$204$107$55$24
48 years$630$356$191$99$50$22
49 years$610$340$180$92$46$19
50 years$591$324$169$85$41$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $605,000, adding $3,733 every year, while hoping to spend $27,601 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: 67/14/19 Blend
66$605,000$605,000$605,000$605,000
67$670,561$638,496$629,118$712,094
68$709,591$640,415$620,826$742,274
69$751,676$641,503$611,332$771,719
70$797,101$641,690$600,565$803,249
71$846,174$640,902$588,453$837,068
72$899,238$639,060$574,920$873,402
73$956,667$636,080$559,886$912,500
74$1,018,874$631,875$543,269$954,637
75$1,086,311$626,349$524,981$1,000,116
76$1,159,477$619,403$504,930$1,049,275
77$1,238,921$610,931$483,023$1,102,482
78$1,325,246$600,821$459,159$1,160,147
79$1,419,114$588,954$433,233$1,222,723
80$1,521,255$575,204$405,138$1,290,708
81$1,632,472$559,439$374,760$1,364,653
82$1,753,650$541,516$341,979$1,445,167
83$1,885,759$521,288$306,673$1,532,922
84$2,029,871$498,595$268,710$1,628,658
85$2,187,162$473,271$227,957$1,733,195
86$2,358,930$445,138$184,271$1,847,436
87$2,546,601$414,011$137,504$1,972,378
88$2,751,748$379,690$87,504$2,109,123
89$2,976,099$341,968$34,108$2,258,886
90$3,221,560$300,623$0$2,423,008
91$3,490,227$255,422$0$2,607,605
92$3,784,411$206,118$0$2,817,356
93$4,106,654$152,451$0$3,047,175
94$4,459,757$94,146$0$3,299,092
95$4,846,805$30,912$0$3,575,341
96$5,271,195$0$0$3,878,384
97$5,736,668$0$0$4,216,722
98$6,247,345$0$0$4,593,181
99$6,807,766$0$0$5,006,348
100$7,422,930$0$0$5,459,915