Can I retire at age 67 with 560,000?

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 $560,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.1%
1 years$46,244$45,832$45,430$45,038$44,655$44,079
2 years$22,893$22,467$22,054$21,653$21,264$20,685
3 years$15,111$14,682$14,270$13,873$13,491$12,926
4 years$11,220$10,793$10,385$9,995$9,622$9,076
5 years$8,886$8,462$8,059$7,677$7,314$6,789
6 years$7,331$6,910$6,513$6,139$5,788$5,283
7 years$6,220$5,803$5,412$5,048$4,707$4,223
8 years$5,388$4,974$4,590$4,234$3,905$3,443
9 years$4,741$4,331$3,953$3,607$3,288$2,847
10 years$4,223$3,817$3,447$3,109$2,802$2,381
11 years$3,800$3,398$3,034$2,706$2,410$2,010
12 years$3,448$3,050$2,693$2,373$2,088$1,708
13 years$3,150$2,757$2,406$2,095$1,821$1,460
14 years$2,895$2,506$2,162$1,860$1,596$1,254
15 years$2,674$2,289$1,952$1,659$1,405$1,082
16 years$2,481$2,100$1,770$1,485$1,242$936
17 years$2,311$1,934$1,610$1,334$1,101$812
18 years$2,160$1,787$1,470$1,203$979$707
19 years$2,025$1,656$1,346$1,087$873$616
20 years$1,903$1,539$1,235$984$780$538
21 years$1,794$1,434$1,136$893$698$471
22 years$1,694$1,338$1,047$812$625$412
23 years$1,603$1,252$967$740$561$362
24 years$1,520$1,173$894$675$505$317
25 years$1,444$1,101$828$616$454$279
26 years$1,373$1,034$768$563$409$245
27 years$1,308$973$713$516$369$216
28 years$1,248$917$663$472$333$190
29 years$1,192$865$617$433$300$167
30 years$1,140$817$575$398$271$147
31 years$1,091$773$536$365$245$130
32 years$1,046$731$500$336$222$115
33 years$1,003$692$467$309$201$101
34 years$963$656$436$284$182$89
35 years$925$622$408$261$165$79
36 years$889$591$381$241$149$70
37 years$856$561$357$222$135$61
38 years$824$533$334$204$123$54
39 years$794$507$313$188$111$48
40 years$766$482$294$174$101$42
41 years$739$459$275$160$92$37
42 years$713$437$258$148$83$33
43 years$689$417$242$137$75$29
44 years$665$397$227$126$68$26
45 years$643$379$214$117$62$23
46 years$622$361$201$108$56$20
47 years$602$345$188$99$51$18
48 years$583$329$177$92$47$16
49 years$564$314$166$85$42$14
50 years$547$300$156$78$38$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $560,000, adding $3,018 every year, while hoping to spend $41,559 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: 55/39/6 Blend
66$560,000$560,000$560,000$560,000
67$620,233$590,553$581,873$653,366
68$639,278$575,272$557,147$660,779
69$658,873$557,849$530,200$663,965
70$679,030$538,135$500,914$666,412
71$699,761$515,974$469,165$668,056
72$721,078$491,198$434,823$668,828
73$742,993$463,631$397,754$668,656
74$765,516$433,086$357,816$667,460
75$788,658$399,368$314,863$665,158
76$812,431$362,266$268,741$661,662
77$836,843$321,561$219,288$656,877
78$861,904$277,021$166,337$650,703
79$887,622$228,399$109,713$643,034
80$914,004$175,435$49,233$633,757
81$941,056$117,854$0$622,751
82$968,783$55,368$0$610,869
83$997,187$0$0$600,422
84$1,026,271$0$0$593,414
85$1,056,034$0$0$610,552
86$1,086,472$0$0$628,071
87$1,117,581$0$0$645,968
88$1,149,353$0$0$664,235
89$1,181,774$0$0$682,866
90$1,214,832$0$0$701,850
91$1,248,505$0$0$721,174
92$1,282,771$0$0$740,823
93$1,317,600$0$0$760,777
94$1,352,957$0$0$781,016
95$1,388,800$0$0$801,512
96$1,425,081$0$0$822,234
97$1,461,744$0$0$843,148
98$1,498,723$0$0$864,212
99$1,535,942$0$0$885,379
100$1,573,314$0$0$906,595