Can I retire at age 67 with 595,000?

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 $595,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.5%
1 years$49,135$48,697$48,270$47,853$47,446$46,564
2 years$24,324$23,871$23,432$23,006$22,593$21,708
3 years$16,055$15,600$15,162$14,740$14,334$13,473
4 years$11,921$11,468$11,034$10,620$10,223$9,393
5 years$9,442$8,991$8,563$8,157$7,772$6,975
6 years$7,789$7,342$6,920$6,523$6,149$5,387
7 years$6,609$6,165$5,751$5,363$5,001$4,273
8 years$5,725$5,285$4,877$4,499$4,149$3,455
9 years$5,037$4,602$4,201$3,832$3,494$2,834
10 years$4,487$4,056$3,662$3,303$2,977$2,350
11 years$4,038$3,611$3,224$2,875$2,560$1,966
12 years$3,663$3,241$2,861$2,522$2,219$1,656
13 years$3,347$2,929$2,556$2,226$1,935$1,403
14 years$3,076$2,662$2,297$1,976$1,696$1,194
15 years$2,841$2,432$2,074$1,762$1,493$1,020
16 years$2,636$2,231$1,880$1,578$1,320$874
17 years$2,455$2,055$1,711$1,418$1,170$751
18 years$2,295$1,899$1,562$1,278$1,041$647
19 years$2,151$1,760$1,430$1,155$927$558
20 years$2,022$1,635$1,312$1,046$828$482
21 years$1,906$1,523$1,207$949$741$417
22 years$1,800$1,422$1,112$863$664$362
23 years$1,703$1,330$1,027$786$596$314
24 years$1,615$1,246$950$717$536$272
25 years$1,534$1,169$880$655$482$237
26 years$1,459$1,099$816$599$435$206
27 years$1,390$1,034$758$548$392$179
28 years$1,326$975$704$502$354$156
29 years$1,267$919$655$460$319$136
30 years$1,211$868$611$422$288$118
31 years$1,159$821$569$388$261$103
32 years$1,111$777$531$357$236$90
33 years$1,066$735$496$328$213$78
34 years$1,023$697$463$302$193$68
35 years$983$661$433$278$175$60
36 years$945$628$405$256$159$52
37 years$909$596$379$236$144$45
38 years$876$566$355$217$130$40
39 years$844$539$333$200$118$35
40 years$813$512$312$185$107$30
41 years$785$488$292$170$97$26
42 years$758$465$274$157$88$23
43 years$732$443$257$145$80$20
44 years$707$422$242$134$73$18
45 years$683$402$227$124$66$15
46 years$661$384$213$114$60$13
47 years$640$366$200$106$54$12
48 years$619$350$188$98$49$10
49 years$600$334$177$90$45$9
50 years$581$319$166$83$41$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $595,000, adding $4,719 every year, while hoping to spend $46,876 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: 60/23/17 Blend
66$595,000$595,000$595,000$595,000
67$660,558$629,023$619,800$697,040
68$678,059$609,969$590,688$703,179
69$695,774$588,411$559,029$704,252
70$713,676$564,176$524,689$704,334
71$731,732$537,081$487,527$703,337
72$749,905$506,935$447,396$701,164
73$768,153$473,533$404,142$697,710
74$786,429$436,659$357,604$692,865
75$804,675$396,087$307,615$686,506
76$822,831$351,574$253,999$678,503
77$840,826$302,867$196,574$668,718
78$858,579$249,696$135,148$656,997
79$876,000$191,778$69,522$643,180
80$892,988$128,811$0$627,088
81$909,430$60,480$0$608,627
82$925,198$0$0$600,962
83$940,149$0$0$594,719
84$954,122$0$0$603,111
85$966,941$0$0$610,712
86$978,406$0$0$617,391
87$988,294$0$0$622,998
88$996,358$0$0$627,371
89$1,002,324$0$0$630,326
90$1,005,885$0$0$631,660
91$1,006,701$0$0$631,146
92$1,004,393$0$0$628,534
93$998,544$0$0$623,546
94$988,686$0$0$615,872
95$974,304$0$0$605,170
96$954,825$0$0$591,061
97$929,616$0$0$573,124
98$897,973$0$0$550,894
99$859,119$0$0$523,854
100$812,192$0$0$491,434