Can I retire at age 67 with 612,000?

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 $612,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.3%
1 years$50,538$50,088$49,649$49,220$48,802$47,353
2 years$25,019$24,553$24,101$23,664$23,239$21,792
3 years$16,514$16,046$15,595$15,162$14,744$13,343
4 years$12,262$11,795$11,349$10,923$10,515$9,172
5 years$9,711$9,248$8,808$8,390$7,994$6,711
6 years$8,012$7,551$7,118$6,709$6,325$5,105
7 years$6,798$6,342$5,915$5,516$5,144$3,985
8 years$5,888$5,436$5,016$4,627$4,267$3,170
9 years$5,181$4,733$4,321$3,942$3,594$2,557
10 years$4,615$4,172$3,767$3,398$3,062$2,084
11 years$4,153$3,714$3,316$2,957$2,633$1,712
12 years$3,768$3,333$2,943$2,594$2,282$1,416
13 years$3,443$3,012$2,629$2,290$1,990$1,177
14 years$3,164$2,738$2,363$2,033$1,744$983
15 years$2,922$2,501$2,133$1,813$1,536$823
16 years$2,711$2,295$1,934$1,623$1,357$692
17 years$2,525$2,114$1,760$1,458$1,204$582
18 years$2,360$1,953$1,606$1,314$1,070$491
19 years$2,213$1,810$1,471$1,188$954$415
20 years$2,080$1,682$1,350$1,076$852$351
21 years$1,960$1,567$1,241$976$762$298
22 years$1,851$1,463$1,144$888$683$252
23 years$1,752$1,368$1,056$808$614$214
24 years$1,661$1,282$977$737$551$182
25 years$1,578$1,203$905$673$496$155
26 years$1,501$1,130$839$616$447$131
27 years$1,430$1,064$779$563$403$112
28 years$1,364$1,002$725$516$364$95
29 years$1,303$946$674$473$328$81
30 years$1,246$893$628$434$297$69
31 years$1,193$844$585$399$268$59
32 years$1,143$799$546$367$243$50
33 years$1,096$757$510$337$220$43
34 years$1,052$717$477$310$199$36
35 years$1,011$680$446$286$180$31
36 years$972$645$417$263$163$26
37 years$935$613$390$242$148$22
38 years$901$583$365$223$134$19
39 years$868$554$342$206$122$16
40 years$837$527$321$190$110$14
41 years$807$502$301$175$100$12
42 years$779$478$282$162$91$10
43 years$753$455$265$149$82$9
44 years$727$434$249$138$75$7
45 years$703$414$233$127$68$6
46 years$680$395$219$118$62$5
47 years$658$377$206$109$56$5
48 years$637$360$194$100$51$4
49 years$617$343$182$93$46$3
50 years$598$328$171$86$42$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $612,000, adding $4,107 every year, while hoping to spend $24,357 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: 61/21/18 Blend
66$612,000$612,000$612,000$612,000
67$678,660$646,224$636,738$716,686
68$721,968$651,974$632,153$748,580
69$768,877$657,188$626,599$780,292
70$819,728$661,817$620,016$814,336
71$874,898$665,803$612,343$850,942
72$934,799$669,089$603,518$890,361
73$999,886$671,611$593,473$932,873
74$1,070,658$673,304$582,139$978,787
75$1,147,666$674,097$569,441$1,028,443
76$1,231,514$673,914$555,304$1,082,217
77$1,322,868$672,676$539,647$1,140,524
78$1,422,462$670,298$522,386$1,203,822
79$1,531,101$666,690$503,433$1,272,619
80$1,649,673$661,758$482,698$1,347,471
81$1,779,155$655,399$460,084$1,428,997
82$1,920,622$647,507$435,490$1,517,876
83$2,075,258$637,968$408,812$1,614,860
84$2,244,368$626,662$379,940$1,720,780
85$2,429,386$613,461$348,761$1,836,550
86$2,631,893$598,230$315,154$1,963,180
87$2,853,628$580,826$278,994$2,101,787
88$3,096,510$561,097$240,151$2,253,600
89$3,362,647$538,884$198,490$2,419,978
90$3,654,364$514,017$153,867$2,602,420
91$3,974,222$486,316$106,133$2,802,580
92$4,325,039$455,592$55,135$3,022,281
93$4,709,920$421,644$710$3,263,538
94$5,132,288$384,259$0$3,528,572
95$5,595,908$343,215$0$3,830,852
96$6,104,931$298,274$0$4,162,925
97$6,663,930$249,184$0$4,527,672
98$7,277,940$195,683$0$4,928,420
99$7,952,508$137,491$0$5,368,837
100$8,693,748$74,312$0$5,852,966