Can I retire at age 67 with 558,000?

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 $558,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.6%
1 years$46,079$45,669$45,268$44,877$44,496$43,831
2 years$22,811$22,387$21,975$21,576$21,188$20,520
3 years$15,057$14,630$14,219$13,824$13,443$12,792
4 years$11,180$10,755$10,348$9,959$9,588$8,959
5 years$8,854$8,432$8,030$7,650$7,288$6,684
6 years$7,305$6,885$6,490$6,117$5,767$5,187
7 years$6,198$5,782$5,393$5,030$4,690$4,135
8 years$5,369$4,956$4,574$4,219$3,891$3,361
9 years$4,724$4,315$3,939$3,594$3,277$2,772
10 years$4,208$3,804$3,434$3,098$2,792$2,311
11 years$3,787$3,386$3,024$2,696$2,401$1,944
12 years$3,436$3,039$2,683$2,365$2,081$1,647
13 years$3,139$2,747$2,397$2,088$1,814$1,404
14 years$2,885$2,497$2,154$1,853$1,591$1,202
15 years$2,665$2,281$1,945$1,653$1,400$1,033
16 years$2,472$2,093$1,763$1,480$1,238$891
17 years$2,303$1,927$1,605$1,330$1,097$770
18 years$2,152$1,781$1,465$1,198$976$668
19 years$2,017$1,650$1,341$1,083$870$580
20 years$1,896$1,534$1,231$981$777$505
21 years$1,787$1,429$1,132$890$695$440
22 years$1,688$1,333$1,043$809$623$384
23 years$1,597$1,247$963$737$559$335
24 years$1,515$1,169$891$672$503$293
25 years$1,439$1,097$825$614$452$257
26 years$1,369$1,031$765$561$408$225
27 years$1,304$970$711$514$367$197
28 years$1,244$914$661$471$332$173
29 years$1,188$862$615$432$299$151
30 years$1,136$814$573$396$271$133
31 years$1,087$770$534$364$245$117
32 years$1,042$728$498$334$221$102
33 years$999$690$465$307$200$90
34 years$959$654$435$283$181$79
35 years$922$620$406$260$164$70
36 years$886$589$380$240$149$61
37 years$853$559$356$221$135$54
38 years$821$531$333$204$122$47
39 years$791$505$312$188$111$42
40 years$763$481$293$173$101$37
41 years$736$457$274$160$91$32
42 years$710$436$257$148$83$28
43 years$686$415$241$136$75$25
44 years$663$396$227$126$68$22
45 years$641$377$213$116$62$19
46 years$620$360$200$107$56$17
47 years$600$344$188$99$51$15
48 years$581$328$176$92$46$13
49 years$562$313$166$85$42$12
50 years$545$299$156$78$38$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $558,000, adding $4,958 every year, while hoping to spend $41,777 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: 77/12/11 Blend
66$558,000$558,000$558,000$558,000
67$620,030$590,456$581,807$666,139
68$638,823$574,938$556,847$681,661
69$658,132$557,260$529,651$692,852
70$677,967$537,270$500,100$703,934
71$698,335$514,812$468,068$714,880
72$719,243$489,716$433,427$725,660
73$740,700$461,806$396,040$736,243
74$762,710$430,893$355,766$746,593
75$785,278$396,778$312,456$756,674
76$808,408$359,253$265,956$766,444
77$832,104$318,094$216,103$775,860
78$856,365$273,067$162,729$784,874
79$881,192$223,925$105,658$793,434
80$906,581$170,405$44,705$801,485
81$932,529$112,231$0$808,966
82$959,028$49,111$0$818,200
83$986,068$0$0$832,483
84$1,013,636$0$0$849,053
85$1,041,717$0$0$872,532
86$1,070,290$0$0$896,418
87$1,099,331$0$0$920,690
88$1,128,809$0$0$945,321
89$1,158,691$0$0$970,282
90$1,188,935$0$0$995,539
91$1,219,493$0$0$1,021,049
92$1,250,311$0$0$1,046,767
93$1,281,326$0$0$1,072,637
94$1,312,463$0$0$1,098,598
95$1,343,640$0$0$1,124,578
96$1,374,763$0$0$1,150,497
97$1,405,723$0$0$1,176,263
98$1,436,399$0$0$1,201,771
99$1,466,654$0$0$1,226,906
100$1,496,333$0$0$1,251,535