Can I retire at age 67 with 594,000?

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 $594,000?

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$49,052$48,615$48,189$47,773$47,366$46,659
2 years$24,283$23,831$23,393$22,968$22,555$21,844
3 years$16,028$15,574$15,137$14,716$14,310$13,617
4 years$11,901$11,448$11,016$10,602$10,206$9,537
5 years$9,426$8,976$8,549$8,143$7,758$7,115
6 years$7,776$7,329$6,908$6,512$6,139$5,522
7 years$6,598$6,155$5,741$5,354$4,993$4,402
8 years$5,715$5,276$4,869$4,491$4,142$3,578
9 years$5,029$4,594$4,193$3,826$3,488$2,950
10 years$4,480$4,049$3,656$3,298$2,972$2,460
11 years$4,031$3,605$3,219$2,870$2,556$2,070
12 years$3,657$3,235$2,856$2,517$2,215$1,753
13 years$3,341$2,924$2,552$2,222$1,932$1,494
14 years$3,071$2,658$2,293$1,973$1,693$1,279
15 years$2,836$2,428$2,070$1,759$1,491$1,099
16 years$2,632$2,228$1,877$1,575$1,318$948
17 years$2,451$2,051$1,708$1,415$1,168$820
18 years$2,291$1,896$1,559$1,276$1,039$711
19 years$2,148$1,757$1,427$1,153$926$617
20 years$2,019$1,633$1,310$1,044$827$537
21 years$1,902$1,521$1,205$947$740$468
22 years$1,797$1,420$1,111$861$663$409
23 years$1,701$1,328$1,025$785$595$357
24 years$1,612$1,244$948$716$535$312
25 years$1,531$1,167$878$653$482$273
26 years$1,457$1,097$815$597$434$239
27 years$1,388$1,033$756$547$391$210
28 years$1,324$973$703$501$353$184
29 years$1,264$918$654$460$319$161
30 years$1,209$867$610$422$288$141
31 years$1,157$819$568$387$260$124
32 years$1,109$775$530$356$235$109
33 years$1,064$734$495$327$213$96
34 years$1,021$696$463$301$193$84
35 years$981$660$432$277$175$74
36 years$943$626$405$255$158$65
37 years$908$595$379$235$144$57
38 years$874$565$355$217$130$50
39 years$842$538$332$200$118$44
40 years$812$512$311$184$107$39
41 years$783$487$292$170$97$34
42 years$756$464$274$157$88$30
43 years$730$442$257$145$80$26
44 years$706$421$241$134$73$23
45 years$682$402$227$124$66$21
46 years$660$383$213$114$60$18
47 years$639$366$200$105$54$16
48 years$618$349$188$97$49$14
49 years$599$333$177$90$45$12
50 years$580$318$166$83$41$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $594,000, adding $4,136 every year, while hoping to spend $20,491 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: 57/38/5 Blend
66$594,000$594,000$594,000$594,000
67$658,854$627,372$618,165$695,545
68$704,255$636,311$617,072$729,614
69$753,600$645,001$615,254$764,034
70$807,270$653,409$612,668$801,020
71$865,683$661,498$609,264$840,817
72$929,301$669,229$604,993$883,698
73$998,630$676,562$599,801$929,963
74$1,074,229$683,453$593,633$979,940
75$1,156,712$689,853$586,431$1,033,995
76$1,246,755$695,714$578,134$1,092,529
77$1,345,102$700,982$568,680$1,155,985
78$1,452,572$705,600$558,000$1,224,852
79$1,570,068$709,508$546,027$1,299,668
80$1,698,583$712,642$532,687$1,381,029
81$1,839,210$714,932$517,903$1,469,589
82$1,993,152$716,307$501,596$1,566,073
83$2,161,737$716,690$483,682$1,671,278
84$2,346,424$715,997$464,075$1,786,083
85$2,548,820$714,142$442,683$1,911,460
86$2,770,698$711,033$419,411$2,048,480
87$3,014,007$706,572$394,159$2,198,323
88$3,280,896$700,654$366,824$2,362,292
89$3,573,730$693,168$337,295$2,541,823
90$3,895,116$683,999$305,460$2,738,502
91$4,247,924$673,022$271,199$2,954,075
92$4,635,318$660,105$234,390$3,190,471
93$5,060,780$645,110$194,901$3,449,817
94$5,528,148$627,888$152,599$3,734,455
95$6,041,649$608,285$107,341$4,046,973
96$6,605,940$586,135$58,981$4,390,223
97$7,226,153$561,262$7,363$4,767,350
98$7,907,939$533,482$0$5,181,822
99$8,657,527$502,600$0$5,640,011
100$9,481,775$468,409$0$6,144,174