Can I retire at age 67 with 617,000?

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 $617,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.9%
1 years$50,951$50,497$50,055$49,622$49,200$48,011
2 years$25,223$24,754$24,298$23,857$23,429$22,238
3 years$16,649$16,177$15,723$15,285$14,864$13,709
4 years$12,362$11,892$11,442$11,012$10,601$9,490
5 years$9,791$9,323$8,880$8,458$8,059$6,995
6 years$8,077$7,613$7,176$6,764$6,377$5,361
7 years$6,854$6,393$5,963$5,561$5,186$4,219
8 years$5,936$5,480$5,057$4,665$4,302$3,384
9 years$5,223$4,772$4,356$3,974$3,623$2,752
10 years$4,653$4,206$3,798$3,425$3,087$2,263
11 years$4,187$3,744$3,343$2,981$2,655$1,876
12 years$3,799$3,361$2,967$2,615$2,301$1,566
13 years$3,471$3,037$2,651$2,309$2,006$1,314
14 years$3,190$2,761$2,382$2,049$1,759$1,108
15 years$2,946$2,522$2,150$1,828$1,549$937
16 years$2,734$2,314$1,950$1,636$1,369$795
17 years$2,546$2,131$1,774$1,470$1,213$676
18 years$2,380$1,969$1,620$1,325$1,079$577
19 years$2,231$1,825$1,483$1,197$962$492
20 years$2,097$1,696$1,361$1,084$859$421
21 years$1,976$1,580$1,252$984$769$361
22 years$1,866$1,474$1,154$895$689$309
23 years$1,766$1,379$1,065$815$619$265
24 years$1,675$1,292$985$743$556$228
25 years$1,591$1,213$912$679$500$196
26 years$1,513$1,140$846$621$451$168
27 years$1,442$1,072$786$568$406$145
28 years$1,375$1,011$730$520$367$125
29 years$1,313$953$680$477$331$107
30 years$1,256$900$633$438$299$92
31 years$1,202$851$590$402$270$80
32 years$1,152$805$551$370$245$69
33 years$1,105$763$514$340$221$59
34 years$1,061$723$480$313$200$51
35 years$1,019$686$449$288$182$44
36 years$980$651$420$265$164$38
37 years$943$618$393$244$149$33
38 years$908$587$368$225$135$28
39 years$875$559$345$208$123$24
40 years$844$531$323$192$111$21
41 years$814$506$303$177$101$18
42 years$786$482$284$163$92$16
43 years$759$459$267$151$83$13
44 years$733$438$251$139$75$12
45 years$709$417$235$128$68$10
46 years$685$398$221$119$62$9
47 years$663$380$208$110$56$7
48 years$642$363$195$101$51$6
49 years$622$346$183$94$47$6
50 years$602$331$172$86$42$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $617,000, adding $6,506 every year, while hoping to spend $42,551 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: 77/17/6 Blend
66$617,000$617,000$617,000$617,000
67$686,645$653,944$644,380$738,625
68$711,409$640,713$620,693$760,430
69$737,272$625,408$594,786$778,168
70$764,303$607,882$566,541$796,358
71$792,574$587,980$535,831$815,028
72$822,162$565,537$502,528$834,207
73$853,155$540,380$466,494$853,928
74$885,643$512,325$427,588$874,228
75$919,727$481,178$385,661$895,148
76$955,516$446,732$340,558$916,734
77$993,128$408,771$292,115$939,038
78$1,032,690$367,065$240,165$962,118
79$1,074,344$321,370$184,530$986,036
80$1,118,240$271,430$125,024$1,010,867
81$1,164,544$216,974$61,457$1,036,689
82$1,213,438$157,715$0$1,063,592
83$1,265,116$93,352$0$1,092,086
84$1,319,795$23,563$0$1,126,099
85$1,377,709$0$0$1,161,831
86$1,439,114$0$0$1,209,162
87$1,504,290$0$0$1,264,089
88$1,573,543$0$0$1,322,463
89$1,647,208$0$0$1,384,569
90$1,725,651$0$0$1,450,717
91$1,809,274$0$0$1,521,248
92$1,898,516$0$0$1,596,532
93$1,993,859$0$0$1,676,980
94$2,095,830$0$0$1,763,038
95$2,205,009$0$0$1,855,196
96$2,322,028$0$0$1,953,992
97$2,447,585$0$0$2,060,018
98$2,582,443$0$0$2,173,919
99$2,727,441$0$0$2,296,408
100$2,883,498$0$0$2,428,264