Can I retire at age 67 with 550,000?

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 $550,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.4%
1 years$45,418$45,014$44,619$44,234$43,858$43,060
2 years$22,484$22,066$21,660$21,266$20,885$20,084
3 years$14,841$14,420$14,015$13,626$13,250$12,471
4 years$11,020$10,600$10,200$9,816$9,450$8,699
5 years$8,728$8,311$7,915$7,540$7,184$6,463
6 years$7,200$6,786$6,397$6,030$5,684$4,994
7 years$6,109$5,699$5,316$4,957$4,623$3,964
8 years$5,292$4,885$4,508$4,159$3,835$3,207
9 years$4,656$4,254$3,883$3,542$3,230$2,632
10 years$4,148$3,749$3,385$3,053$2,752$2,184
11 years$3,732$3,338$2,980$2,657$2,367$1,828
12 years$3,386$2,996$2,645$2,331$2,051$1,541
13 years$3,094$2,707$2,363$2,058$1,788$1,306
14 years$2,843$2,461$2,123$1,827$1,568$1,112
15 years$2,626$2,248$1,917$1,629$1,380$951
16 years$2,437$2,063$1,738$1,459$1,220$815
17 years$2,270$1,900$1,582$1,311$1,082$701
18 years$2,121$1,755$1,444$1,181$962$604
19 years$1,989$1,627$1,322$1,067$857$522
20 years$1,869$1,512$1,213$967$766$451
21 years$1,762$1,408$1,116$877$685$391
22 years$1,664$1,314$1,028$798$614$339
23 years$1,575$1,229$949$726$551$294
24 years$1,493$1,152$878$663$496$256
25 years$1,418$1,081$813$605$446$222
26 years$1,349$1,016$754$553$402$194
27 years$1,285$956$700$506$362$168
28 years$1,226$901$651$464$327$147
29 years$1,171$850$606$425$295$128
30 years$1,120$803$564$390$267$112
31 years$1,072$759$526$359$241$97
32 years$1,027$718$491$330$218$85
33 years$985$680$458$303$197$74
34 years$946$644$428$279$179$65
35 years$908$611$400$257$162$56
36 years$874$580$375$236$147$49
37 years$841$551$351$218$133$43
38 years$809$524$328$201$120$38
39 years$780$498$308$185$109$33
40 years$752$474$288$171$99$29
41 years$725$451$270$158$90$25
42 years$700$429$254$145$82$22
43 years$676$409$238$134$74$19
44 years$653$390$223$124$67$17
45 years$632$372$210$114$61$15
46 years$611$355$197$106$55$13
47 years$591$339$185$98$50$11
48 years$572$323$174$90$46$10
49 years$554$309$163$83$41$9
50 years$537$295$154$77$38$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $550,000, adding $3,355 every year, while hoping to spend $26,261 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: 70/21/9 Blend
66$550,000$550,000$550,000$550,000
67$609,561$580,411$571,886$650,975
68$643,794$580,909$563,102$679,335
69$680,640$580,552$553,145$706,827
70$720,335$579,270$541,945$736,201
71$763,144$576,988$529,435$767,637
72$809,352$573,628$515,539$801,331
73$859,278$569,108$500,181$837,504
74$913,268$563,338$483,281$876,396
75$971,705$556,225$464,754$918,274
76$1,035,009$547,670$444,513$963,432
77$1,103,642$537,568$422,467$1,012,195
78$1,178,112$525,807$398,518$1,064,921
79$1,258,978$512,270$372,567$1,122,007
80$1,346,854$496,832$344,508$1,183,888
81$1,442,416$479,360$314,232$1,251,048
82$1,546,408$459,714$281,625$1,324,019
83$1,659,649$437,748$246,567$1,403,388
84$1,783,039$413,303$208,933$1,489,805
85$1,917,570$386,215$168,592$1,583,984
86$2,064,331$356,309$125,409$1,686,717
87$2,224,523$323,399$79,241$1,798,876
88$2,399,469$287,289$29,940$1,921,423
89$2,590,622$247,774$0$2,055,421
90$2,799,585$204,634$0$2,204,219
91$3,028,121$157,640$0$2,370,145
92$3,278,171$106,546$0$2,551,763
93$3,551,873$51,096$0$2,750,667
94$3,851,582$0$0$2,968,612
95$4,179,891$0$0$3,209,611
96$4,539,653$0$0$3,486,666
97$4,934,013$0$0$3,790,396
98$5,366,434$0$0$4,123,472
99$5,840,731$0$0$4,488,834
100$6,361,104$0$0$4,889,723