Can I retire at age 67 with 608,000?

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 $608,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.1%
1 years$50,208$49,761$49,325$48,899$48,483$47,272
2 years$24,855$24,393$23,944$23,509$23,087$21,875
3 years$16,406$15,941$15,493$15,062$14,647$13,472
4 years$12,182$11,718$11,275$10,852$10,447$9,317
5 years$9,648$9,187$8,750$8,335$7,941$6,860
6 years$7,959$7,502$7,071$6,666$6,284$5,252
7 years$6,754$6,300$5,876$5,480$5,110$4,129
8 years$5,850$5,400$4,984$4,597$4,240$3,307
9 years$5,147$4,702$4,292$3,916$3,570$2,687
10 years$4,585$4,145$3,742$3,375$3,042$2,206
11 years$4,126$3,690$3,295$2,938$2,616$1,827
12 years$3,743$3,312$2,924$2,577$2,267$1,523
13 years$3,420$2,993$2,612$2,275$1,977$1,276
14 years$3,143$2,720$2,347$2,019$1,733$1,074
15 years$2,903$2,485$2,119$1,801$1,526$908
16 years$2,694$2,280$1,921$1,613$1,349$769
17 years$2,509$2,100$1,748$1,449$1,196$653
18 years$2,345$1,940$1,596$1,306$1,063$556
19 years$2,198$1,798$1,461$1,180$948$474
20 years$2,066$1,671$1,341$1,069$846$405
21 years$1,947$1,557$1,233$970$758$346
22 years$1,839$1,453$1,137$882$679$296
23 years$1,741$1,359$1,050$803$610$254
24 years$1,650$1,273$971$732$548$218
25 years$1,568$1,195$899$669$493$187
26 years$1,491$1,123$834$612$444$160
27 years$1,421$1,057$774$560$400$138
28 years$1,355$996$720$513$361$118
29 years$1,294$939$670$470$326$102
30 years$1,238$887$624$432$295$87
31 years$1,185$839$582$396$266$75
32 years$1,135$794$543$364$241$65
33 years$1,089$752$507$335$218$56
34 years$1,045$712$473$308$198$48
35 years$1,004$676$443$284$179$41
36 years$966$641$414$261$162$35
37 years$929$609$388$241$147$31
38 years$895$579$363$222$133$26
39 years$862$550$340$205$121$23
40 years$831$524$319$189$110$19
41 years$802$498$299$174$99$17
42 years$774$475$280$161$90$14
43 years$748$452$263$148$82$12
44 years$722$431$247$137$74$11
45 years$698$411$232$127$67$9
46 years$675$392$218$117$61$8
47 years$654$374$205$108$56$7
48 years$633$357$192$100$50$6
49 years$613$341$181$92$46$5
50 years$594$326$170$85$42$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $608,000, adding $4,511 every year, while hoping to spend $49,786 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: 51/23/26 Blend
66$608,000$608,000$608,000$608,000
67$674,669$642,445$633,021$703,944
68$690,513$620,953$601,255$703,277
69$706,305$596,739$566,757$697,160
70$721,987$569,618$529,382$689,511
71$737,492$539,392$488,979$680,204
72$752,748$505,854$445,391$669,106
73$767,671$468,783$398,454$656,072
74$782,167$427,947$347,997$640,949
75$796,133$383,101$293,839$623,569
76$809,449$333,984$235,793$603,755
77$821,985$280,322$173,665$581,313
78$833,595$221,824$107,249$556,036
79$844,112$158,185$36,333$527,701
80$853,356$89,080$0$496,067
81$861,122$14,168$0$471,791
82$867,182$0$0$455,144
83$871,285$0$0$452,736
84$873,149$0$0$452,620
85$872,463$0$0$451,034
86$868,879$0$0$447,782
87$862,014$0$0$442,646
88$851,441$0$0$435,387
89$836,687$0$0$425,735
90$817,227$0$0$413,397
91$792,481$0$0$398,043
92$761,806$0$0$379,312
93$724,489$0$0$356,801
94$679,743$0$0$330,066
95$626,696$0$0$298,615
96$564,382$0$0$261,905
97$491,737$0$0$219,335
98$407,579$0$0$170,241
99$310,607$0$0$113,887
100$199,380$0$0$49,464