Can I retire at age 67 with 584,000?

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 $584,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$48,226$47,797$47,377$46,968$46,569$46,314
2 years$23,874$23,430$22,999$22,581$22,176$21,919
3 years$15,758$15,312$14,882$14,468$14,069$13,818
4 years$11,701$11,256$10,830$10,423$10,034$9,791
5 years$9,267$8,825$8,405$8,006$7,628$7,392
6 years$7,645$7,206$6,792$6,403$6,036$5,809
7 years$6,487$6,052$5,644$5,264$4,909$4,691
8 years$5,619$5,187$4,787$4,416$4,072$3,863
9 years$4,944$4,516$4,123$3,761$3,429$3,229
10 years$4,404$3,981$3,594$3,242$2,922$2,730
11 years$3,963$3,544$3,164$2,822$2,513$2,329
12 years$3,596$3,181$2,808$2,475$2,178$2,002
13 years$3,285$2,875$2,509$2,185$1,899$1,732
14 years$3,019$2,613$2,254$1,940$1,665$1,505
15 years$2,789$2,387$2,035$1,730$1,466$1,314
16 years$2,587$2,190$1,845$1,549$1,295$1,151
17 years$2,410$2,017$1,679$1,392$1,149$1,012
18 years$2,252$1,864$1,533$1,254$1,021$892
19 years$2,111$1,727$1,403$1,133$910$788
20 years$1,985$1,605$1,288$1,026$813$697
21 years$1,870$1,495$1,185$931$728$618
22 years$1,767$1,396$1,092$847$652$549
23 years$1,672$1,305$1,008$771$585$488
24 years$1,585$1,223$932$703$526$434
25 years$1,506$1,148$864$642$474$387
26 years$1,432$1,079$801$587$427$345
27 years$1,364$1,015$744$538$385$308
28 years$1,302$957$691$493$347$275
29 years$1,243$902$643$452$313$246
30 years$1,189$852$599$415$283$220
31 years$1,138$806$559$381$256$197
32 years$1,090$762$521$350$232$176
33 years$1,046$722$487$322$210$158
34 years$1,004$684$455$296$190$141
35 years$965$649$425$273$172$126
36 years$928$616$398$251$156$113
37 years$893$585$372$231$141$102
38 years$859$556$349$213$128$91
39 years$828$529$327$197$116$82
40 years$798$503$306$181$105$73
41 years$770$479$287$167$95$66
42 years$744$456$269$154$87$59
43 years$718$434$253$143$79$53
44 years$694$414$237$132$71$48
45 years$671$395$223$122$65$43
46 years$649$377$209$112$59$38
47 years$628$360$197$104$53$34
48 years$608$343$185$96$49$31
49 years$589$328$174$89$44$28
50 years$570$313$163$82$40$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $584,000, adding $6,900 every year, while hoping to spend $35,706 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: 50/26/24 Blend
66$584,000$584,000$584,000$584,000
67$650,685$619,733$610,681$678,516
68$679,064$612,109$593,148$690,963
69$709,141$602,915$573,831$700,322
70$741,052$592,036$552,632$709,768
71$774,944$579,350$529,450$719,324
72$810,979$564,730$504,178$729,017
73$849,336$548,038$476,705$738,882
74$890,207$529,131$446,913$748,956
75$933,805$507,856$414,682$759,285
76$980,364$484,052$379,885$769,923
77$1,030,138$457,547$342,388$780,929
78$1,083,408$428,162$302,053$792,374
79$1,140,478$395,705$258,735$804,340
80$1,201,687$359,974$212,282$816,920
81$1,267,402$320,757$162,537$830,219
82$1,338,030$277,826$109,335$844,358
83$1,414,014$230,945$52,503$859,475
84$1,495,843$179,861$0$875,725
85$1,584,053$124,308$0$895,372
86$1,679,233$64,006$0$931,012
87$1,782,030$0$0$969,461
88$1,893,155$0$0$1,011,410
89$2,013,389$0$0$1,076,660
90$2,143,592$0$0$1,147,371
91$2,284,708$0$0$1,224,063
92$2,437,776$0$0$1,307,307
93$2,603,937$0$0$1,397,731
94$2,784,449$0$0$1,496,026
95$2,980,692$0$0$1,602,952
96$3,194,187$0$0$1,719,347
97$3,426,607$0$0$1,846,130
98$3,679,792$0$0$1,984,314
99$3,955,768$0$0$2,135,014
100$4,256,763$0$0$2,299,457