Can I retire at age 67 with 614,000?

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 $614,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.8%
1 years$50,704$50,252$49,811$49,381$48,961$47,037
2 years$25,101$24,633$24,180$23,741$23,315$21,400
3 years$16,568$16,098$15,646$15,211$14,792$12,946
4 years$12,302$11,834$11,386$10,959$10,550$8,788
5 years$9,743$9,278$8,836$8,417$8,020$6,346
6 years$8,038$7,576$7,141$6,731$6,346$4,761
7 years$6,820$6,362$5,934$5,534$5,161$3,664
8 years$5,907$5,454$5,033$4,643$4,281$2,872
9 years$5,198$4,748$4,335$3,954$3,606$2,281
10 years$4,631$4,186$3,779$3,409$3,072$1,830
11 years$4,167$3,726$3,327$2,967$2,642$1,479
12 years$3,780$3,344$2,953$2,602$2,290$1,203
13 years$3,454$3,022$2,638$2,297$1,997$983
14 years$3,174$2,747$2,370$2,039$1,750$807
15 years$2,932$2,510$2,140$1,819$1,541$664
16 years$2,720$2,303$1,940$1,628$1,362$548
17 years$2,534$2,121$1,766$1,463$1,208$453
18 years$2,368$1,959$1,612$1,319$1,074$375
19 years$2,220$1,816$1,475$1,191$957$311
20 years$2,087$1,688$1,354$1,079$855$258
21 years$1,967$1,572$1,246$979$765$214
22 years$1,857$1,467$1,148$890$686$178
23 years$1,758$1,372$1,060$811$616$148
24 years$1,667$1,286$980$740$553$124
25 years$1,583$1,207$908$675$498$103
26 years$1,506$1,134$842$618$448$86
27 years$1,435$1,067$782$565$404$71
28 years$1,368$1,006$727$518$365$60
29 years$1,307$949$676$475$329$50
30 years$1,250$896$630$436$298$41
31 years$1,196$847$587$400$269$35
32 years$1,146$801$548$368$243$29
33 years$1,100$759$512$338$220$24
34 years$1,056$719$478$311$199$20
35 years$1,014$682$447$287$181$17
36 years$975$648$418$264$164$14
37 years$938$615$391$243$148$12
38 years$904$585$367$224$134$10
39 years$871$556$343$207$122$8
40 years$839$529$322$191$111$7
41 years$810$503$302$176$100$6
42 years$782$479$283$162$91$5
43 years$755$457$266$150$83$4
44 years$730$435$249$138$75$3
45 years$705$415$234$128$68$3
46 years$682$396$220$118$62$2
47 years$660$378$207$109$56$2
48 years$639$361$194$101$51$2
49 years$619$345$182$93$46$1
50 years$599$329$172$86$42$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $614,000, adding $3,929 every year, while hoping to spend $29,835 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: 36/42/22 Blend
66$614,000$614,000$614,000$614,000
67$680,681$648,139$638,622$700,538
68$718,366$648,153$628,271$715,457
69$758,895$647,169$616,574$728,507
70$802,527$645,104$603,454$741,990
71$849,545$641,875$588,830$755,964
72$900,262$637,390$572,619$770,494
73$955,019$631,553$554,733$785,652
74$1,014,195$624,262$535,080$801,523
75$1,078,202$615,410$513,564$818,201
76$1,147,495$604,882$490,085$835,794
77$1,222,574$592,556$464,537$854,424
78$1,303,990$578,304$436,812$874,225
79$1,392,346$561,991$406,795$895,354
80$1,488,308$543,471$374,366$917,982
81$1,592,608$522,594$339,399$942,305
82$1,706,050$499,196$301,765$968,542
83$1,829,519$473,109$261,326$996,936
84$1,963,990$444,151$217,941$1,027,763
85$2,110,534$412,132$171,459$1,061,331
86$2,270,332$376,850$121,726$1,097,983
87$2,444,682$338,091$68,580$1,138,104
88$2,635,013$295,631$11,850$1,182,123
89$2,842,898$249,231$0$1,230,519
90$3,070,069$198,639$0$1,295,256
91$3,318,434$143,590$0$1,369,212
92$3,590,091$83,803$0$1,450,311
93$3,887,352$18,982$0$1,539,339
94$4,212,763$0$0$1,637,167
95$4,569,126$0$0$1,768,420
96$4,959,528$0$0$1,921,907
97$5,387,368$0$0$2,090,202
98$5,856,390$0$0$2,274,789
99$6,370,716$0$0$2,477,303
100$6,934,889$0$0$2,699,544