Can I retire at age 67 with 422,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $422,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.6%
1 years$34,848$34,538$34,235$33,940$33,651$32,744
2 years$17,252$16,930$16,619$16,317$16,024$15,117
3 years$11,387$11,064$10,754$10,455$10,166$9,288
4 years$8,455$8,133$7,826$7,532$7,251$6,407
5 years$6,696$6,377$6,073$5,785$5,512$4,705
6 years$5,524$5,207$4,908$4,626$4,361$3,593
7 years$4,688$4,373$4,079$3,804$3,547$2,816
8 years$4,060$3,748$3,459$3,191$2,943$2,249
9 years$3,572$3,264$2,979$2,718$2,478$1,822
10 years$3,183$2,877$2,597$2,343$2,111$1,491
11 years$2,864$2,561$2,287$2,039$1,816$1,231
12 years$2,598$2,299$2,029$1,788$1,574$1,023
13 years$2,374$2,077$1,813$1,579$1,372$854
14 years$2,182$1,888$1,629$1,402$1,203$717
15 years$2,015$1,725$1,471$1,250$1,059$603
16 years$1,870$1,583$1,334$1,119$936$509
17 years$1,741$1,457$1,213$1,006$830$431
18 years$1,627$1,347$1,108$906$738$366
19 years$1,526$1,248$1,014$819$658$311
20 years$1,434$1,160$931$742$588$264
21 years$1,352$1,080$856$673$526$225
22 years$1,277$1,008$789$612$471$192
23 years$1,208$943$728$557$423$164
24 years$1,146$884$674$508$380$140
25 years$1,088$829$624$464$342$119
26 years$1,035$779$579$424$308$102
27 years$986$734$537$389$278$87
28 years$941$691$500$356$251$75
29 years$898$652$465$326$226$64
30 years$859$616$433$300$205$55
31 years$822$582$404$275$185$47
32 years$788$551$377$253$167$40
33 years$756$522$352$233$151$34
34 years$725$494$329$214$137$30
35 years$697$469$307$197$124$25
36 years$670$445$287$181$112$22
37 years$645$423$269$167$102$19
38 years$621$402$252$154$92$16
39 years$598$382$236$142$84$14
40 years$577$363$221$131$76$12
41 years$557$346$207$121$69$10
42 years$537$329$195$112$63$9
43 years$519$314$183$103$57$7
44 years$501$299$171$95$52$6
45 years$485$285$161$88$47$5
46 years$469$272$151$81$42$5
47 years$454$260$142$75$39$4
48 years$439$248$133$69$35$3
49 years$425$237$125$64$32$3
50 years$412$226$118$59$29$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $422,000, adding $6,689 every year, while hoping to spend $21,183 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: 52/18/30 Blend
66$422,000$422,000$422,000$422,000
67$471,944$449,578$443,037$492,199
68$497,543$449,068$435,340$506,503
69$525,044$447,824$426,675$519,392
70$554,618$445,787$416,988$533,003
71$586,453$442,894$406,221$547,416
72$620,756$439,081$394,314$562,717
73$657,753$434,276$381,204$579,004
74$697,696$428,408$366,826$596,386
75$740,858$421,396$351,112$614,985
76$787,540$413,159$333,988$634,935
77$838,073$403,609$315,382$656,386
78$892,823$392,651$295,213$679,505
79$952,189$380,189$273,401$704,477
80$1,016,611$366,118$249,859$731,510
81$1,086,575$350,327$224,498$760,831
82$1,162,612$332,700$197,226$792,696
83$1,245,310$313,113$167,944$827,386
84$1,335,311$291,436$136,550$865,215
85$1,433,327$267,530$102,938$906,531
86$1,540,138$241,250$66,998$951,719
87$1,656,603$212,442$28,613$1,001,206
88$1,783,667$180,942$0$1,055,466
89$1,922,371$146,579$0$1,118,978
90$2,073,862$109,170$0$1,198,400
91$2,239,400$68,524$0$1,285,251
92$2,420,374$24,437$0$1,380,287
93$2,618,313$0$0$1,484,343
94$2,834,900$0$0$1,602,958
95$3,071,989$0$0$1,738,140
96$3,331,621$0$0$1,886,220
97$3,616,043$0$0$2,048,482
98$3,927,731$0$0$2,226,347
99$4,269,412$0$0$2,421,375
100$4,644,086$0$0$2,635,286