Can I retire at age 67 with 568,000?

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 $568,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.2%
1 years$46,905$46,487$46,079$45,682$45,293$44,144
2 years$23,220$22,788$22,369$21,962$21,568$20,418
3 years$15,326$14,892$14,474$14,071$13,684$12,569
4 years$11,380$10,947$10,533$10,138$9,759$8,688
5 years$9,013$8,583$8,174$7,787$7,419$6,394
6 years$7,436$7,008$6,606$6,227$5,870$4,892
7 years$6,309$5,886$5,490$5,120$4,774$3,844
8 years$5,465$5,045$4,656$4,295$3,961$3,077
9 years$4,808$4,393$4,010$3,658$3,335$2,498
10 years$4,284$3,872$3,496$3,153$2,842$2,050
11 years$3,855$3,447$3,078$2,744$2,444$1,697
12 years$3,497$3,094$2,731$2,407$2,118$1,413
13 years$3,195$2,796$2,440$2,125$1,847$1,184
14 years$2,936$2,541$2,193$1,887$1,619$996
15 years$2,712$2,322$1,980$1,682$1,426$841
16 years$2,516$2,130$1,795$1,506$1,260$712
17 years$2,344$1,962$1,633$1,354$1,117$604
18 years$2,191$1,813$1,491$1,220$993$514
19 years$2,054$1,680$1,365$1,102$885$438
20 years$1,930$1,561$1,253$998$791$374
21 years$1,819$1,454$1,152$906$708$319
22 years$1,718$1,357$1,062$824$634$273
23 years$1,626$1,270$981$750$569$234
24 years$1,542$1,189$907$684$512$200
25 years$1,464$1,116$840$625$461$172
26 years$1,393$1,049$779$571$415$147
27 years$1,327$987$723$523$374$126
28 years$1,266$930$672$479$337$108
29 years$1,209$878$626$439$305$93
30 years$1,156$829$583$403$275$80
31 years$1,107$784$543$370$249$69
32 years$1,061$741$507$340$225$59
33 years$1,017$702$473$313$204$51
34 years$976$665$442$288$185$44
35 years$938$631$414$265$167$38
36 years$902$599$387$244$151$32
37 years$868$569$362$225$137$28
38 years$836$541$339$207$124$24
39 years$805$514$318$191$113$21
40 years$777$489$298$176$102$18
41 years$749$466$279$163$93$15
42 years$723$443$262$150$84$13
43 years$698$423$246$139$76$11
44 years$675$403$231$128$69$10
45 years$652$384$217$118$63$8
46 years$631$366$203$109$57$7
47 years$611$350$191$101$52$6
48 years$591$334$180$93$47$5
49 years$572$319$169$86$43$5
50 years$555$304$159$80$39$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $568,000, adding $6,830 every year, while hoping to spend $36,672 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: 46/32/22 Blend
66$568,000$568,000$568,000$568,000
67$632,981$602,877$594,073$657,826
68$658,526$593,399$574,956$666,470
69$685,448$582,228$553,969$671,682
70$713,849$569,242$531,011$676,588
71$743,838$554,311$505,977$681,178
72$775,537$537,300$478,755$685,441
73$809,078$518,064$449,229$689,371
74$844,605$496,450$417,280$692,961
75$882,275$472,297$382,779$696,208
76$922,261$445,433$345,596$699,112
77$964,749$415,677$305,591$701,677
78$1,009,947$382,839$262,622$703,909
79$1,058,079$346,715$216,537$705,821
80$1,109,392$307,093$167,180$707,431
81$1,164,155$263,746$114,386$708,762
82$1,222,665$216,436$57,984$709,845
83$1,285,245$164,909$0$710,719
84$1,352,252$108,901$0$711,952
85$1,424,074$48,130$0$727,643
86$1,501,140$0$0$744,283
87$1,583,918$0$0$768,238
88$1,672,925$0$0$812,264
89$1,768,724$0$0$859,700
90$1,871,938$0$0$910,859
91$1,983,248$0$0$966,085
92$2,103,403$0$0$1,025,757
93$2,233,226$0$0$1,090,292
94$2,373,623$0$0$1,160,146
95$2,525,587$0$0$1,235,822
96$2,690,213$0$0$1,317,874
97$2,868,701$0$0$1,406,909
98$3,062,373$0$0$1,503,595
99$3,272,684$0$0$1,608,669
100$3,501,231$0$0$1,722,940