Can I retire at age 67 with 616,000?

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 $616,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.2%
1 years$50,869$50,416$49,974$49,542$49,121$48,467
2 years$25,183$24,714$24,259$23,818$23,391$22,733
3 years$16,622$16,151$15,697$15,261$14,840$14,199
4 years$12,342$11,872$11,424$10,994$10,584$9,964
5 years$9,775$9,308$8,865$8,445$8,046$7,449
6 years$8,064$7,601$7,164$6,753$6,366$5,794
7 years$6,842$6,383$5,954$5,552$5,178$4,630
8 years$5,927$5,471$5,049$4,658$4,295$3,771
9 years$5,215$4,764$4,349$3,967$3,617$3,117
10 years$4,646$4,199$3,791$3,420$3,082$2,606
11 years$4,180$3,738$3,338$2,976$2,651$2,198
12 years$3,793$3,355$2,962$2,611$2,297$1,867
13 years$3,465$3,032$2,647$2,305$2,003$1,595
14 years$3,184$2,756$2,378$2,046$1,756$1,369
15 years$2,942$2,518$2,147$1,825$1,546$1,180
16 years$2,729$2,310$1,947$1,634$1,366$1,020
17 years$2,542$2,127$1,771$1,468$1,212$885
18 years$2,376$1,966$1,617$1,323$1,077$769
19 years$2,227$1,822$1,480$1,195$960$670
20 years$2,094$1,693$1,359$1,083$858$585
21 years$1,973$1,577$1,250$983$767$511
22 years$1,863$1,472$1,152$893$688$447
23 years$1,764$1,377$1,063$814$618$392
24 years$1,672$1,290$983$742$555$344
25 years$1,588$1,211$911$678$499$302
26 years$1,511$1,138$845$620$450$265
27 years$1,439$1,071$784$567$406$233
28 years$1,373$1,009$729$520$366$205
29 years$1,311$952$679$477$330$181
30 years$1,254$899$632$437$299$159
31 years$1,200$850$589$402$270$140
32 years$1,150$804$550$369$244$123
33 years$1,103$761$513$339$221$109
34 years$1,059$722$480$312$200$96
35 years$1,017$685$448$288$181$85
36 years$978$650$420$265$164$75
37 years$941$617$393$244$149$66
38 years$907$586$368$225$135$58
39 years$873$558$345$207$122$51
40 years$842$531$323$191$111$45
41 years$812$505$303$176$101$40
42 years$784$481$284$163$91$35
43 years$757$458$267$150$83$31
44 years$732$437$250$139$75$27
45 years$708$417$235$128$68$24
46 years$684$397$221$118$62$21
47 years$662$379$207$109$56$19
48 years$641$362$195$101$51$17
49 years$621$346$183$93$46$15
50 years$601$330$172$86$42$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $616,000, adding $6,149 every year, while hoping to spend $39,133 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: 66/9/25 Blend
66$616,000$616,000$616,000$616,000
67$685,175$652,527$642,979$725,568
68$713,425$642,863$622,881$743,854
69$743,246$631,415$600,799$758,861
70$774,755$618,052$576,624$774,379
71$808,083$602,640$550,244$790,460
72$843,371$585,033$521,540$807,162
73$880,773$565,078$490,391$824,553
74$920,459$542,614$456,666$842,705
75$962,613$517,469$420,231$861,703
76$1,007,438$489,462$380,946$881,641
77$1,055,153$458,403$338,665$902,623
78$1,106,001$424,087$293,233$924,767
79$1,160,248$386,302$244,491$948,204
80$1,218,182$344,820$192,270$973,080
81$1,280,124$299,403$136,398$999,560
82$1,346,420$249,797$76,691$1,027,825
83$1,417,454$195,736$12,959$1,058,081
84$1,493,645$136,938$0$1,090,555
85$1,575,453$73,104$0$1,140,184
86$1,663,383$3,920$0$1,197,210
87$1,757,990$0$0$1,258,543
88$1,859,882$0$0$1,331,618
89$1,969,729$0$0$1,410,847
90$2,088,265$0$0$1,496,374
91$2,216,296$0$0$1,588,787
92$2,354,710$0$0$1,688,728
93$2,504,482$0$0$1,796,907
94$2,666,682$0$0$1,914,102
95$2,842,489$0$0$2,041,168
96$3,033,198$0$0$2,179,049
97$3,240,234$0$0$2,328,778
98$3,465,163$0$0$2,491,494
99$3,709,710$0$0$2,668,451
100$3,975,770$0$0$2,861,027