Can I retire at age 67 with 617,000?

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 $617,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.3%
1 years$50,951$50,497$50,055$49,622$49,200$48,326
2 years$25,223$24,754$24,298$23,857$23,429$22,551
3 years$16,649$16,177$15,723$15,285$14,864$14,010
4 years$12,362$11,892$11,442$11,012$10,601$9,777
5 years$9,791$9,323$8,880$8,458$8,059$7,268
6 years$8,077$7,613$7,176$6,764$6,377$5,619
7 years$6,854$6,393$5,963$5,561$5,186$4,462
8 years$5,936$5,480$5,057$4,665$4,302$3,612
9 years$5,223$4,772$4,356$3,974$3,623$2,966
10 years$4,653$4,206$3,798$3,425$3,087$2,463
11 years$4,187$3,744$3,343$2,981$2,655$2,063
12 years$3,799$3,361$2,967$2,615$2,301$1,740
13 years$3,471$3,037$2,651$2,309$2,006$1,476
14 years$3,190$2,761$2,382$2,049$1,759$1,257
15 years$2,946$2,522$2,150$1,828$1,549$1,076
16 years$2,734$2,314$1,950$1,636$1,369$923
17 years$2,546$2,131$1,774$1,470$1,213$794
18 years$2,380$1,969$1,620$1,325$1,079$685
19 years$2,231$1,825$1,483$1,197$962$592
20 years$2,097$1,696$1,361$1,084$859$512
21 years$1,976$1,580$1,252$984$769$444
22 years$1,866$1,474$1,154$895$689$386
23 years$1,766$1,379$1,065$815$619$335
24 years$1,675$1,292$985$743$556$291
25 years$1,591$1,213$912$679$500$254
26 years$1,513$1,140$846$621$451$221
27 years$1,442$1,072$786$568$406$192
28 years$1,375$1,011$730$520$367$168
29 years$1,313$953$680$477$331$146
30 years$1,256$900$633$438$299$128
31 years$1,202$851$590$402$270$111
32 years$1,152$805$551$370$245$97
33 years$1,105$763$514$340$221$85
34 years$1,061$723$480$313$200$74
35 years$1,019$686$449$288$182$65
36 years$980$651$420$265$164$57
37 years$943$618$393$244$149$50
38 years$908$587$368$225$135$43
39 years$875$559$345$208$123$38
40 years$844$531$323$192$111$33
41 years$814$506$303$177$101$29
42 years$786$482$284$163$92$25
43 years$759$459$267$151$83$22
44 years$733$438$251$139$75$19
45 years$709$417$235$128$68$17
46 years$685$398$221$119$62$15
47 years$663$380$208$110$56$13
48 years$642$363$195$101$51$11
49 years$622$346$183$94$47$10
50 years$602$331$172$86$42$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $617,000, adding $6,891 every year, while hoping to spend $44,514 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: 47/42/11 Blend
66$617,000$617,000$617,000$617,000
67$687,042$654,341$644,778$716,924
68$709,758$639,041$619,015$722,953
69$733,299$621,500$590,898$724,329
70$757,702$601,560$560,299$724,816
71$783,006$579,056$527,089$724,346
72$809,255$553,811$491,128$722,849
73$836,492$525,641$452,273$720,250
74$864,765$494,348$410,375$716,469
75$894,124$459,724$365,276$711,424
76$924,625$421,551$316,813$705,027
77$956,325$379,595$264,814$697,187
78$989,285$333,611$209,101$687,808
79$1,023,574$283,339$149,487$676,788
80$1,059,261$228,505$85,778$664,022
81$1,096,424$168,820$17,770$649,399
82$1,135,144$103,977$0$632,802
83$1,175,511$33,655$0$620,544
84$1,217,620$0$0$608,707
85$1,261,573$0$0$614,737
86$1,307,482$0$0$637,296
87$1,355,467$0$0$660,893
88$1,405,656$0$0$685,591
89$1,458,190$0$0$711,464
90$1,513,222$0$0$738,587
91$1,570,915$0$0$767,046
92$1,631,447$0$0$796,930
93$1,695,014$0$0$828,340
94$1,761,825$0$0$861,383
95$1,832,110$0$0$896,175
96$1,906,116$0$0$932,844
97$1,984,116$0$0$971,529
98$2,066,404$0$0$1,012,382
99$2,153,303$0$0$1,055,567
100$2,245,163$0$0$1,101,264