Can I retire at age 67 with 614,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%17.9%
1 years$50,704$50,252$49,811$49,381$48,961$47,394
2 years$25,101$24,633$24,180$23,741$23,315$21,750
3 years$16,568$16,098$15,646$15,211$14,792$13,279
4 years$12,302$11,834$11,386$10,959$10,550$9,100
5 years$9,743$9,278$8,836$8,417$8,020$6,638
6 years$8,038$7,576$7,141$6,731$6,346$5,032
7 years$6,820$6,362$5,934$5,534$5,161$3,916
8 years$5,907$5,454$5,033$4,643$4,281$3,104
9 years$5,198$4,748$4,335$3,954$3,606$2,494
10 years$4,631$4,186$3,779$3,409$3,072$2,025
11 years$4,167$3,726$3,327$2,967$2,642$1,657
12 years$3,780$3,344$2,953$2,602$2,290$1,365
13 years$3,454$3,022$2,638$2,297$1,997$1,130
14 years$3,174$2,747$2,370$2,039$1,750$940
15 years$2,932$2,510$2,140$1,819$1,541$784
16 years$2,720$2,303$1,940$1,628$1,362$656
17 years$2,534$2,121$1,766$1,463$1,208$550
18 years$2,368$1,959$1,612$1,319$1,074$462
19 years$2,220$1,816$1,475$1,191$957$388
20 years$2,087$1,688$1,354$1,079$855$327
21 years$1,967$1,572$1,246$979$765$276
22 years$1,857$1,467$1,148$890$686$233
23 years$1,758$1,372$1,060$811$616$197
24 years$1,667$1,286$980$740$553$166
25 years$1,583$1,207$908$675$498$141
26 years$1,506$1,134$842$618$448$119
27 years$1,435$1,067$782$565$404$101
28 years$1,368$1,006$727$518$365$85
29 years$1,307$949$676$475$329$72
30 years$1,250$896$630$436$298$61
31 years$1,196$847$587$400$269$52
32 years$1,146$801$548$368$243$44
33 years$1,100$759$512$338$220$37
34 years$1,056$719$478$311$199$32
35 years$1,014$682$447$287$181$27
36 years$975$648$418$264$164$23
37 years$938$615$391$243$148$19
38 years$904$585$367$224$134$16
39 years$871$556$343$207$122$14
40 years$839$529$322$191$111$12
41 years$810$503$302$176$100$10
42 years$782$479$283$162$91$8
43 years$755$457$266$150$83$7
44 years$730$435$249$138$75$6
45 years$705$415$234$128$68$5
46 years$682$396$220$118$62$4
47 years$660$378$207$109$56$4
48 years$639$361$194$101$51$3
49 years$619$345$182$93$46$3
50 years$599$329$172$86$42$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $614,000, adding $3,235 every year, while hoping to spend $25,595 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: 56/14/30 Blend
66$614,000$614,000$614,000$614,000
67$679,965$647,423$637,906$712,236
68$722,088$651,914$632,043$739,336
69$767,651$655,767$625,126$765,938
70$816,976$658,924$617,092$794,416
71$870,419$661,323$607,876$824,959
72$928,372$662,898$597,410$857,779
73$991,265$663,579$585,622$893,109
74$1,059,571$663,292$572,438$931,206
75$1,133,811$661,957$557,779$972,357
76$1,214,558$659,491$541,563$1,016,876
77$1,302,442$655,805$523,704$1,065,114
78$1,398,156$650,804$504,113$1,117,456
79$1,502,463$644,389$482,695$1,174,330
80$1,616,202$636,452$459,354$1,236,208
81$1,740,299$626,882$433,986$1,303,612
82$1,875,769$615,559$406,485$1,377,119
83$2,023,734$602,357$376,738$1,457,367
84$2,185,424$587,143$344,628$1,545,060
85$2,362,198$569,773$310,034$1,640,978
86$2,555,550$550,100$272,828$1,745,982
87$2,767,124$527,963$232,876$1,861,022
88$2,998,733$503,195$190,039$1,987,147
89$3,252,370$475,618$144,172$2,125,519
90$3,530,233$445,044$95,123$2,277,418
91$3,834,741$411,276$42,734$2,444,259
92$4,168,558$374,102$0$2,627,604
93$4,534,619$333,301$0$2,833,396
94$4,936,155$288,637$0$3,074,193
95$5,376,727$239,864$0$3,338,462
96$5,860,255$186,720$0$3,628,585
97$6,391,058$128,926$0$3,947,184
98$6,973,895$66,193$0$4,297,154
99$7,614,006$0$0$4,681,682
100$8,317,165$0$0$5,104,559