Can I retire at age 67 with 513,000?

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 $513,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11%
1 years$42,363$41,986$41,618$41,258$40,907$40,735
2 years$20,972$20,581$20,203$19,836$19,480$19,306
3 years$13,842$13,450$13,072$12,709$12,359$12,188
4 years$10,278$9,887$9,513$9,156$8,814$8,649
5 years$8,140$7,752$7,383$7,033$6,701$6,541
6 years$6,716$6,330$5,966$5,624$5,302$5,148
7 years$5,698$5,316$4,958$4,624$4,312$4,164
8 years$4,936$4,557$4,205$3,879$3,577$3,435
9 years$4,343$3,967$3,622$3,304$3,012$2,876
10 years$3,869$3,497$3,157$2,848$2,567$2,436
11 years$3,481$3,113$2,780$2,479$2,207$2,082
12 years$3,159$2,794$2,467$2,174$1,913$1,793
13 years$2,886$2,525$2,204$1,919$1,668$1,554
14 years$2,652$2,295$1,980$1,704$1,462$1,354
15 years$2,450$2,097$1,788$1,520$1,288$1,184
16 years$2,273$1,924$1,621$1,361$1,138$1,039
17 years$2,117$1,772$1,475$1,222$1,009$915
18 years$1,978$1,637$1,347$1,102$897$808
19 years$1,855$1,517$1,233$995$800$715
20 years$1,744$1,410$1,131$902$714$634
21 years$1,643$1,313$1,041$818$639$564
22 years$1,552$1,226$959$744$573$502
23 years$1,469$1,147$886$678$514$447
24 years$1,393$1,074$819$618$462$399
25 years$1,323$1,008$759$564$416$356
26 years$1,258$948$704$516$375$318
27 years$1,199$892$653$472$338$285
28 years$1,143$840$607$433$305$255
29 years$1,092$793$565$397$275$228
30 years$1,044$749$526$364$249$205
31 years$1,000$708$491$334$225$184
32 years$958$670$458$307$203$165
33 years$919$634$428$283$184$148
34 years$882$601$399$260$167$133
35 years$847$570$373$239$151$119
36 years$815$541$349$221$137$107
37 years$784$514$327$203$124$96
38 years$755$488$306$187$112$87
39 years$727$464$287$173$102$78
40 years$701$442$269$159$92$70
41 years$677$421$252$147$84$63
42 years$653$401$237$136$76$57
43 years$631$382$222$125$69$51
44 years$610$364$208$116$63$46
45 years$589$347$196$107$57$41
46 years$570$331$184$99$52$37
47 years$551$316$173$91$47$33
48 years$534$301$162$84$43$30
49 years$517$288$152$78$39$27
50 years$501$275$143$72$35$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $513,000, adding $5,173 every year, while hoping to spend $31,769 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: 74/7/19 Blend
66$513,000$513,000$513,000$513,000
67$570,662$543,473$535,521$609,973
68$595,067$536,301$519,659$629,572
69$620,898$527,713$502,201$646,668
70$648,264$517,606$483,060$664,577
71$677,289$505,871$462,145$683,374
72$708,106$492,392$439,360$703,141
73$740,861$477,047$414,607$723,967
74$775,714$459,707$387,781$745,954
75$812,839$440,235$358,773$769,212
76$852,427$418,486$327,472$793,865
77$894,690$394,306$293,757$820,050
78$939,855$367,535$257,504$847,917
79$988,175$337,999$218,586$877,634
80$1,039,927$305,518$176,866$909,386
81$1,095,412$269,901$132,204$943,379
82$1,154,963$230,946$84,452$979,841
83$1,218,945$188,437$33,456$1,019,022
84$1,287,757$142,151$0$1,061,200
85$1,361,840$91,847$0$1,110,935
86$1,441,674$37,275$0$1,171,831
87$1,527,791$0$0$1,237,511
88$1,620,773$0$0$1,310,110
89$1,721,259$0$0$1,391,689
90$1,829,952$0$0$1,479,949
91$1,947,625$0$0$1,575,521
92$2,075,128$0$0$1,679,096
93$2,213,395$0$0$1,791,437
94$2,363,454$0$0$1,913,380
95$2,526,433$0$0$2,045,846
96$2,703,577$0$0$2,189,849
97$2,896,251$0$0$2,346,503
98$3,105,961$0$0$2,517,035
99$3,334,362$0$0$2,702,793
100$3,583,275$0$0$2,905,262