Can I retire at age 67 with 617,000?

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 $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%12%
1 years$50,951$50,497$50,055$49,622$49,200$48,788
2 years$25,223$24,754$24,298$23,857$23,429$23,013
3 years$16,649$16,177$15,723$15,285$14,864$14,458
4 years$12,362$11,892$11,442$11,012$10,601$10,208
5 years$9,791$9,323$8,880$8,458$8,059$7,680
6 years$8,077$7,613$7,176$6,764$6,377$6,012
7 years$6,854$6,393$5,963$5,561$5,186$4,836
8 years$5,936$5,480$5,057$4,665$4,302$3,967
9 years$5,223$4,772$4,356$3,974$3,623$3,302
10 years$4,653$4,206$3,798$3,425$3,087$2,780
11 years$4,187$3,744$3,343$2,981$2,655$2,362
12 years$3,799$3,361$2,967$2,615$2,301$2,022
13 years$3,471$3,037$2,651$2,309$2,006$1,741
14 years$3,190$2,761$2,382$2,049$1,759$1,506
15 years$2,946$2,522$2,150$1,828$1,549$1,309
16 years$2,734$2,314$1,950$1,636$1,369$1,141
17 years$2,546$2,131$1,774$1,470$1,213$998
18 years$2,380$1,969$1,620$1,325$1,079$875
19 years$2,231$1,825$1,483$1,197$962$769
20 years$2,097$1,696$1,361$1,084$859$677
21 years$1,976$1,580$1,252$984$769$597
22 years$1,866$1,474$1,154$895$689$527
23 years$1,766$1,379$1,065$815$619$466
24 years$1,675$1,292$985$743$556$413
25 years$1,591$1,213$912$679$500$366
26 years$1,513$1,140$846$621$451$325
27 years$1,442$1,072$786$568$406$288
28 years$1,375$1,011$730$520$367$256
29 years$1,313$953$680$477$331$227
30 years$1,256$900$633$438$299$202
31 years$1,202$851$590$402$270$180
32 years$1,152$805$551$370$245$160
33 years$1,105$763$514$340$221$142
34 years$1,061$723$480$313$200$127
35 years$1,019$686$449$288$182$113
36 years$980$651$420$265$164$101
37 years$943$618$393$244$149$90
38 years$908$587$368$225$135$80
39 years$875$559$345$208$123$71
40 years$844$531$323$192$111$64
41 years$814$506$303$177$101$57
42 years$786$482$284$163$92$51
43 years$759$459$267$151$83$45
44 years$733$438$251$139$75$40
45 years$709$417$235$128$68$36
46 years$685$398$221$119$62$32
47 years$663$380$208$110$56$29
48 years$642$363$195$101$51$26
49 years$622$346$183$94$47$23
50 years$602$331$172$86$42$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $617,000, adding $4,008 every year, while hoping to spend $46,587 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: 35/38/27 Blend
66$617,000$617,000$617,000$617,000
67$684,068$651,367$641,804$702,323
68$704,275$633,716$613,736$698,652
69$724,981$613,639$583,167$690,203
70$746,189$590,967$549,962$680,182
71$767,899$565,522$513,985$668,479
72$790,110$537,118$475,088$654,978
73$812,818$505,554$433,121$639,556
74$836,020$470,620$387,924$622,083
75$859,707$432,094$339,333$602,422
76$883,870$389,739$287,174$580,426
77$908,497$343,309$231,266$555,943
78$933,571$292,539$171,421$528,808
79$959,075$237,152$107,443$498,848
80$984,983$176,855$39,125$465,880
81$1,011,268$111,338$0$429,711
82$1,037,898$40,274$0$399,868
83$1,064,834$0$0$379,060
84$1,092,030$0$0$371,182
85$1,119,437$0$0$380,177
86$1,146,993$0$0$389,181
87$1,174,631$0$0$398,165
88$1,202,274$0$0$407,097
89$1,229,833$0$0$415,943
90$1,257,208$0$0$424,662
91$1,284,287$0$0$433,209
92$1,310,941$0$0$441,532
93$1,337,026$0$0$449,574
94$1,362,383$0$0$457,271
95$1,386,828$0$0$464,551
96$1,410,159$0$0$471,334
97$1,432,150$0$0$477,530
98$1,452,545$0$0$483,039
99$1,471,061$0$0$487,749
100$1,487,383$0$0$491,535