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%16.4%
1 years$50,208$49,761$49,325$48,899$48,483$47,215
2 years$24,855$24,393$23,944$23,509$23,087$21,818
3 years$16,406$15,941$15,493$15,062$14,647$13,418
4 years$12,182$11,718$11,275$10,852$10,447$9,265
5 years$9,648$9,187$8,750$8,335$7,941$6,811
6 years$7,959$7,502$7,071$6,666$6,284$5,206
7 years$6,754$6,300$5,876$5,480$5,110$4,086
8 years$5,850$5,400$4,984$4,597$4,240$3,267
9 years$5,147$4,702$4,292$3,916$3,570$2,649
10 years$4,585$4,145$3,742$3,375$3,042$2,171
11 years$4,126$3,690$3,295$2,938$2,616$1,795
12 years$3,743$3,312$2,924$2,577$2,267$1,493
13 years$3,420$2,993$2,612$2,275$1,977$1,249
14 years$3,143$2,720$2,347$2,019$1,733$1,049
15 years$2,903$2,485$2,119$1,801$1,526$884
16 years$2,694$2,280$1,921$1,613$1,349$748
17 years$2,509$2,100$1,748$1,449$1,196$634
18 years$2,345$1,940$1,596$1,306$1,063$538
19 years$2,198$1,798$1,461$1,180$948$458
20 years$2,066$1,671$1,341$1,069$846$390
21 years$1,947$1,557$1,233$970$758$333
22 years$1,839$1,453$1,137$882$679$284
23 years$1,741$1,359$1,050$803$610$243
24 years$1,650$1,273$971$732$548$208
25 years$1,568$1,195$899$669$493$178
26 years$1,491$1,123$834$612$444$152
27 years$1,421$1,057$774$560$400$130
28 years$1,355$996$720$513$361$112
29 years$1,294$939$670$470$326$96
30 years$1,238$887$624$432$295$82
31 years$1,185$839$582$396$266$71
32 years$1,135$794$543$364$241$61
33 years$1,089$752$507$335$218$52
34 years$1,045$712$473$308$198$45
35 years$1,004$676$443$284$179$38
36 years$966$641$414$261$162$33
37 years$929$609$388$241$147$28
38 years$895$579$363$222$133$24
39 years$862$550$340$205$121$21
40 years$831$524$319$189$110$18
41 years$802$498$299$174$99$15
42 years$774$475$280$161$90$13
43 years$748$452$263$148$82$11
44 years$722$431$247$137$74$10
45 years$698$411$232$127$67$8
46 years$675$392$218$117$61$7
47 years$654$374$205$108$56$6
48 years$633$357$192$100$50$5
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 $4,442 every year, while hoping to spend $38,881 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: 45/29/26 Blend
66$608,000$608,000$608,000$608,000
67$674,598$642,374$632,950$699,714
68$702,038$632,481$612,785$708,056
69$730,973$620,801$590,641$712,991
70$761,516$607,203$566,411$717,583
71$793,788$591,553$539,983$721,819
72$827,921$573,706$511,239$725,692
73$864,061$553,510$480,057$729,192
74$902,365$530,802$446,309$732,315
75$943,007$505,411$409,861$735,059
76$986,175$477,158$370,572$737,425
77$1,032,076$445,849$328,298$739,419
78$1,080,936$411,285$282,884$741,049
79$1,133,003$373,249$234,172$742,331
80$1,188,548$331,517$181,995$743,286
81$1,247,867$285,849$126,180$743,942
82$1,311,287$235,993$66,545$744,335
83$1,379,165$181,683$2,900$744,510
84$1,451,890$122,636$0$744,523
85$1,529,894$58,556$0$762,477
86$1,613,646$0$0$782,448
87$1,703,663$0$0$807,253
88$1,800,513$0$0$854,097
89$1,904,818$0$0$904,601
90$2,017,263$0$0$959,102
91$2,138,600$0$0$1,017,973
92$2,269,653$0$0$1,081,622
93$2,411,331$0$0$1,150,497
94$2,564,630$0$0$1,225,092
95$2,730,647$0$0$1,305,948
96$2,910,587$0$0$1,393,663
97$3,105,776$0$0$1,488,892
98$3,317,670$0$0$1,592,355
99$3,547,874$0$0$1,704,848
100$3,798,150$0$0$1,827,242