Can I retire at age 67 with 608,000?

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 $608,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.6%
1 years$50,208$49,761$49,325$48,899$48,483$48,157
2 years$24,855$24,393$23,944$23,509$23,087$22,759
3 years$16,406$15,941$15,493$15,062$14,647$14,326
4 years$12,182$11,718$11,275$10,852$10,447$10,135
5 years$9,648$9,187$8,750$8,335$7,941$7,641
6 years$7,959$7,502$7,071$6,666$6,284$5,994
7 years$6,754$6,300$5,876$5,480$5,110$4,832
8 years$5,850$5,400$4,984$4,597$4,240$3,973
9 years$5,147$4,702$4,292$3,916$3,570$3,315
10 years$4,585$4,145$3,742$3,375$3,042$2,798
11 years$4,126$3,690$3,295$2,938$2,616$2,383
12 years$3,743$3,312$2,924$2,577$2,267$2,045
13 years$3,420$2,993$2,612$2,275$1,977$1,765
14 years$3,143$2,720$2,347$2,019$1,733$1,531
15 years$2,903$2,485$2,119$1,801$1,526$1,334
16 years$2,694$2,280$1,921$1,613$1,349$1,166
17 years$2,509$2,100$1,748$1,449$1,196$1,023
18 years$2,345$1,940$1,596$1,306$1,063$900
19 years$2,198$1,798$1,461$1,180$948$793
20 years$2,066$1,671$1,341$1,069$846$700
21 years$1,947$1,557$1,233$970$758$619
22 years$1,839$1,453$1,137$882$679$549
23 years$1,741$1,359$1,050$803$610$487
24 years$1,650$1,273$971$732$548$432
25 years$1,568$1,195$899$669$493$384
26 years$1,491$1,123$834$612$444$342
27 years$1,421$1,057$774$560$400$304
28 years$1,355$996$720$513$361$271
29 years$1,294$939$670$470$326$242
30 years$1,238$887$624$432$295$216
31 years$1,185$839$582$396$266$192
32 years$1,135$794$543$364$241$172
33 years$1,089$752$507$335$218$153
34 years$1,045$712$473$308$198$137
35 years$1,004$676$443$284$179$123
36 years$966$641$414$261$162$110
37 years$929$609$388$241$147$98
38 years$895$579$363$222$133$88
39 years$862$550$340$205$121$78
40 years$831$524$319$189$110$70
41 years$802$498$299$174$99$63
42 years$774$475$280$161$90$56
43 years$748$452$263$148$82$50
44 years$722$431$247$137$74$45
45 years$698$411$232$127$67$40
46 years$675$392$218$117$61$36
47 years$654$374$205$108$56$32
48 years$633$357$192$100$50$29
49 years$613$341$181$92$46$26
50 years$594$326$170$85$42$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $608,000, adding $6,017 every year, while hoping to spend $51,796 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: 39/42/19 Blend
66$608,000$608,000$608,000$608,000
67$676,223$643,999$634,575$698,554
68$690,087$620,444$600,722$691,579
69$703,629$593,999$564,000$678,653
70$716,762$564,468$524,257$663,601
71$729,387$531,643$481,335$646,260
72$741,395$495,304$435,070$626,453
73$752,663$455,219$385,290$603,991
74$763,053$411,142$331,816$578,672
75$772,411$362,815$274,458$550,279
76$780,567$309,963$213,023$518,579
77$787,330$252,297$147,304$483,322
78$792,488$189,510$77,089$444,242
79$795,805$121,279$2,155$401,050
80$797,019$47,263$0$353,437
81$795,837$0$0$316,848
82$791,937$0$0$291,847
83$784,959$0$0$287,320
84$774,506$0$0$281,251
85$760,134$0$0$273,449
86$741,356$0$0$263,701
87$717,628$0$0$251,773
88$688,351$0$0$237,406
89$652,860$0$0$220,312
90$610,418$0$0$200,173
91$560,214$0$0$176,637
92$501,345$0$0$149,317
93$432,818$0$0$117,781
94$353,531$0$0$81,556
95$262,269$0$0$40,116
96$157,688$0$0$0
97$38,302$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0