Can I retire at age 67 with 504,000?

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 $504,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.2%
1 years$41,620$41,249$40,887$40,534$40,190$39,013
2 years$20,604$20,220$19,848$19,488$19,138$17,962
3 years$13,599$13,214$12,843$12,486$12,142$11,003
4 years$10,098$9,714$9,347$8,995$8,660$7,567
5 years$7,998$7,616$7,253$6,909$6,583$5,540
6 years$6,598$6,219$5,862$5,525$5,209$4,216
7 years$5,598$5,223$4,871$4,543$4,236$3,294
8 years$4,849$4,477$4,131$3,811$3,514$2,621
9 years$4,267$3,898$3,558$3,246$2,960$2,115
10 years$3,801$3,436$3,102$2,798$2,522$1,725
11 years$3,420$3,059$2,731$2,435$2,169$1,418
12 years$3,103$2,745$2,424$2,136$1,879$1,174
13 years$2,835$2,481$2,165$1,886$1,639$977
14 years$2,605$2,255$1,946$1,674$1,437$816
15 years$2,407$2,060$1,757$1,493$1,265$684
16 years$2,233$1,890$1,593$1,337$1,118$575
17 years$2,080$1,741$1,449$1,201$991$484
18 years$1,944$1,608$1,323$1,082$881$409
19 years$1,822$1,491$1,211$978$786$346
20 years$1,713$1,385$1,112$886$702$293
21 years$1,614$1,290$1,022$804$628$248
22 years$1,525$1,204$942$731$563$211
23 years$1,443$1,126$870$666$505$179
24 years$1,368$1,055$805$607$454$152
25 years$1,299$990$745$554$409$129
26 years$1,236$931$691$507$368$110
27 years$1,178$876$642$464$332$94
28 years$1,123$826$597$425$299$80
29 years$1,073$779$555$390$270$68
30 years$1,026$735$517$358$244$58
31 years$982$695$482$329$221$49
32 years$941$658$450$302$200$42
33 years$903$623$420$278$181$36
34 years$866$590$392$256$164$31
35 years$832$560$367$235$148$26
36 years$800$532$343$217$134$22
37 years$770$505$321$200$122$19
38 years$742$480$301$184$110$16
39 years$715$456$282$170$100$14
40 years$689$434$264$156$91$12
41 years$665$413$248$144$82$10
42 years$642$394$232$133$75$9
43 years$620$375$218$123$68$7
44 years$599$357$205$114$62$6
45 years$579$341$192$105$56$5
46 years$560$325$181$97$51$5
47 years$542$310$170$89$46$4
48 years$524$296$159$83$42$3
49 years$508$283$150$76$38$3
50 years$492$270$141$71$35$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $504,000, adding $5,254 every year, while hoping to spend $30,724 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: 58/16/26 Blend
66$504,000$504,000$504,000$504,000
67$560,828$534,116$526,304$589,117
68$585,342$527,597$511,245$602,530
69$611,327$519,729$494,651$613,438
70$638,900$510,414$476,440$624,685
71$668,190$499,547$456,523$636,313
72$699,338$487,017$434,809$648,369
73$732,497$472,707$411,202$660,906
74$767,836$456,494$385,601$673,984
75$805,538$438,246$357,902$687,670
76$845,808$417,824$327,996$702,042
77$888,865$395,082$295,769$717,185
78$934,952$369,864$261,100$733,197
79$984,336$342,006$223,866$750,187
80$1,037,309$311,335$183,936$768,277
81$1,094,191$277,668$141,175$787,606
82$1,155,334$240,809$95,440$808,327
83$1,221,124$200,554$46,583$830,613
84$1,291,985$156,688$0$854,657
85$1,368,383$108,980$0$882,217
86$1,450,828$57,191$0$925,884
87$1,539,883$1,064$0$973,037
88$1,636,165$0$0$1,024,025
89$1,740,354$0$0$1,089,740
90$1,853,195$0$0$1,161,150
91$1,975,508$0$0$1,238,593
92$2,108,195$0$0$1,322,643
93$2,252,249$0$0$1,413,935
94$2,408,761$0$0$1,513,164
95$2,578,931$0$0$1,621,097
96$2,764,079$0$0$1,738,578
97$2,965,657$0$0$1,866,534
98$3,185,266$0$0$2,005,985
99$3,424,664$0$0$2,158,057
100$3,685,787$0$0$2,323,984