Can I retire at age 67 with 545,000?

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 $545,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.4%
1 years$45,006$44,605$44,214$43,832$43,459$42,152
2 years$22,280$21,865$21,463$21,073$20,695$19,389
3 years$14,706$14,289$13,888$13,502$13,130$11,866
4 years$10,919$10,504$10,107$9,727$9,364$8,153
5 years$8,648$8,235$7,843$7,471$7,118$5,962
6 years$7,135$6,725$6,339$5,975$5,633$4,532
7 years$6,054$5,647$5,267$4,912$4,581$3,537
8 years$5,244$4,841$4,467$4,121$3,800$2,812
9 years$4,614$4,215$3,848$3,510$3,200$2,266
10 years$4,110$3,715$3,354$3,026$2,727$1,846
11 years$3,698$3,307$2,953$2,633$2,345$1,516
12 years$3,356$2,969$2,621$2,310$2,032$1,253
13 years$3,066$2,683$2,342$2,039$1,772$1,041
14 years$2,817$2,438$2,104$1,810$1,553$868
15 years$2,602$2,228$1,900$1,614$1,368$727
16 years$2,415$2,044$1,722$1,445$1,209$610
17 years$2,249$1,882$1,567$1,299$1,072$513
18 years$2,102$1,739$1,431$1,170$953$433
19 years$1,970$1,612$1,310$1,058$849$365
20 years$1,852$1,498$1,202$958$759$309
21 years$1,746$1,395$1,106$869$679$262
22 years$1,649$1,302$1,019$790$609$222
23 years$1,560$1,218$941$720$546$188
24 years$1,479$1,141$870$657$491$159
25 years$1,405$1,071$806$600$442$135
26 years$1,337$1,007$747$548$398$115
27 years$1,273$947$694$502$359$98
28 years$1,215$893$645$460$324$83
29 years$1,160$842$600$422$292$71
30 years$1,109$795$559$387$264$60
31 years$1,062$752$521$355$239$51
32 years$1,018$711$486$327$216$44
33 years$976$674$454$300$196$37
34 years$937$639$424$276$177$32
35 years$900$606$397$254$160$27
36 years$866$575$371$234$145$23
37 years$833$546$347$216$132$19
38 years$802$519$325$199$119$17
39 years$773$493$305$183$108$14
40 years$745$469$286$169$98$12
41 years$719$447$268$156$89$10
42 years$694$426$251$144$81$9
43 years$670$405$236$133$73$7
44 years$648$386$221$123$67$6
45 years$626$369$208$113$60$5
46 years$605$352$195$105$55$5
47 years$586$336$183$97$50$4
48 years$567$320$172$89$45$3
49 years$549$306$162$83$41$3
50 years$532$292$152$76$37$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $545,000, adding $3,650 every year, while hoping to spend $24,130 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: 33/41/26 Blend
66$545,000$545,000$545,000$545,000
67$604,355$575,470$567,022$619,413
68$640,325$577,994$560,344$633,624
69$679,155$579,833$552,632$646,514
70$721,112$580,927$543,828$659,929
71$766,488$581,215$533,869$673,932
72$815,605$580,630$522,688$688,593
73$868,816$579,100$510,218$703,992
74$926,510$576,551$496,385$720,218
75$989,114$572,902$481,115$737,374
76$1,057,100$568,071$464,328$755,571
77$1,130,984$561,965$445,942$774,938
78$1,211,334$554,492$425,872$795,618
79$1,298,778$545,550$404,026$817,770
80$1,394,003$535,032$380,311$841,575
81$1,497,768$522,825$354,628$867,232
82$1,610,907$508,809$326,874$894,966
83$1,734,337$492,859$296,942$925,027
84$1,869,069$474,839$264,720$957,696
85$2,016,216$454,608$230,090$993,284
86$2,177,002$432,015$192,929$1,032,138
87$2,352,774$406,902$153,110$1,074,647
88$2,545,017$379,100$110,500$1,121,242
89$2,755,365$348,432$64,958$1,172,404
90$2,985,618$314,711$16,339$1,228,667
91$3,237,756$277,737$0$1,290,625
92$3,513,962$237,301$0$1,368,801
93$3,816,638$193,181$0$1,459,546
94$4,148,432$145,143$0$1,559,183
95$4,512,256$92,940$0$1,668,666
96$4,911,323$36,311$0$1,789,049
97$5,349,167$0$0$1,921,500
98$5,829,684$0$0$2,078,598
99$6,357,162$0$0$2,269,116
100$6,936,328$0$0$2,478,389