Can I retire at age 67 with 611,000?

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 $611,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.5%
1 years$50,456$50,006$49,568$49,140$48,722$47,049
2 years$24,978$24,513$24,062$23,625$23,201$21,533
3 years$16,487$16,019$15,570$15,137$14,720$13,109
4 years$12,242$11,776$11,331$10,905$10,498$8,956
5 years$9,696$9,233$8,793$8,376$7,981$6,512
6 years$7,999$7,539$7,106$6,699$6,315$4,921
7 years$6,787$6,331$5,905$5,507$5,136$3,816
8 years$5,879$5,427$5,008$4,620$4,260$3,014
9 years$5,172$4,725$4,314$3,935$3,588$2,413
10 years$4,608$4,165$3,761$3,392$3,057$1,952
11 years$4,146$3,708$3,311$2,952$2,629$1,591
12 years$3,762$3,328$2,938$2,589$2,278$1,306
13 years$3,437$3,008$2,625$2,286$1,987$1,077
14 years$3,159$2,734$2,359$2,029$1,742$891
15 years$2,918$2,497$2,130$1,810$1,533$740
16 years$2,707$2,291$1,931$1,620$1,355$617
17 years$2,521$2,110$1,757$1,456$1,202$515
18 years$2,356$1,950$1,604$1,312$1,068$430
19 years$2,209$1,807$1,468$1,186$952$360
20 years$2,077$1,679$1,347$1,074$851$302
21 years$1,957$1,564$1,239$975$761$254
22 years$1,848$1,460$1,142$886$682$213
23 years$1,749$1,366$1,055$807$613$179
24 years$1,659$1,280$975$736$551$151
25 years$1,575$1,201$903$672$495$127
26 years$1,498$1,129$838$615$446$107
27 years$1,428$1,062$778$563$402$90
28 years$1,362$1,001$723$515$363$76
29 years$1,301$944$673$473$328$64
30 years$1,244$892$627$434$296$54
31 years$1,191$843$585$398$268$45
32 years$1,141$798$545$366$242$38
33 years$1,094$755$509$337$219$32
34 years$1,050$716$476$310$198$27
35 years$1,009$679$445$285$180$23
36 years$970$644$416$263$163$19
37 years$934$612$389$242$148$16
38 years$899$582$365$223$134$14
39 years$866$553$342$206$121$12
40 years$835$526$320$190$110$10
41 years$806$501$300$175$100$8
42 years$778$477$282$162$91$7
43 years$751$455$264$149$82$6
44 years$726$433$248$138$75$5
45 years$702$413$233$127$68$4
46 years$679$394$219$117$62$4
47 years$657$376$206$109$56$3
48 years$636$359$193$100$51$3
49 years$616$343$182$93$46$2
50 years$597$328$171$86$42$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $611,000, adding $4,998 every year, while hoping to spend $28,163 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: 42/43/15 Blend
66$611,000$611,000$611,000$611,000
67$678,477$646,094$636,624$703,798
68$717,717$647,788$627,986$723,805
69$760,015$648,620$618,114$742,292
70$805,654$648,520$606,938$761,705
71$854,943$647,410$594,383$782,141
72$908,225$645,211$580,372$803,708
73$965,872$641,834$564,823$826,530
74$1,028,297$637,190$547,651$850,742
75$1,095,952$631,182$528,766$876,496
76$1,169,336$623,706$508,077$903,963
77$1,248,995$614,655$485,484$933,330
78$1,335,532$603,912$460,887$964,810
79$1,429,608$591,355$434,178$998,636
80$1,531,952$576,856$405,247$1,035,071
81$1,643,365$560,276$373,978$1,074,406
82$1,764,731$541,472$340,248$1,116,965
83$1,897,018$520,289$303,931$1,163,109
84$2,041,296$496,565$264,895$1,213,237
85$2,198,740$470,128$223,000$1,267,796
86$2,370,643$440,797$178,103$1,327,279
87$2,558,432$408,378$130,052$1,392,237
88$2,763,673$372,670$78,690$1,463,278
89$2,988,093$333,457$23,852$1,541,081
90$3,233,595$290,512$0$1,626,396
91$3,502,269$243,595$0$1,725,604
92$3,796,423$192,453$0$1,838,516
93$4,118,593$136,818$0$1,962,363
94$4,471,575$76,407$0$2,098,311
95$4,858,446$10,923$0$2,247,650
96$5,282,598$0$0$2,411,808
97$5,747,765$0$0$2,620,729
98$6,258,057$0$0$2,855,666
99$6,818,007$0$0$3,113,548
100$7,432,602$0$0$3,396,681