Can I retire at age 67 with 458,000?

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 $458,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.9%
1 years$37,821$37,484$37,156$36,835$36,522$35,931
2 years$18,723$18,375$18,037$17,709$17,391$16,798
3 years$12,358$12,008$11,671$11,346$11,034$10,456
4 years$9,176$8,827$8,493$8,174$7,869$7,312
5 years$7,268$6,921$6,591$6,279$5,982$5,447
6 years$5,996$5,651$5,327$5,021$4,733$4,220
7 years$5,087$4,746$4,427$4,128$3,850$3,359
8 years$4,407$4,068$3,754$3,463$3,194$2,725
9 years$3,877$3,542$3,233$2,950$2,689$2,243
10 years$3,454$3,122$2,819$2,543$2,292$1,867
11 years$3,108$2,779$2,482$2,213$1,971$1,568
12 years$2,820$2,495$2,202$1,941$1,708$1,326
13 years$2,576$2,254$1,968$1,714$1,489$1,127
14 years$2,368$2,049$1,768$1,521$1,306$963
15 years$2,187$1,872$1,596$1,357$1,149$826
16 years$2,029$1,718$1,447$1,215$1,016$711
17 years$1,890$1,582$1,317$1,091$901$614
18 years$1,766$1,462$1,202$984$801$531
19 years$1,656$1,355$1,101$889$714$460
20 years$1,557$1,259$1,010$805$638$399
21 years$1,467$1,173$929$731$571$347
22 years$1,385$1,094$856$664$511$302
23 years$1,311$1,024$791$605$459$263
24 years$1,243$959$731$552$413$230
25 years$1,181$900$677$504$371$201
26 years$1,123$846$628$461$335$175
27 years$1,070$796$583$422$302$153
28 years$1,021$750$542$386$272$134
29 years$975$708$505$354$246$117
30 years$932$668$470$325$222$103
31 years$892$632$438$299$201$90
32 years$855$598$409$274$182$79
33 years$820$566$382$252$164$69
34 years$787$537$357$232$149$61
35 years$757$509$333$214$135$53
36 years$727$483$312$197$122$47
37 years$700$459$292$181$111$41
38 years$674$436$273$167$100$36
39 years$649$415$256$154$91$31
40 years$626$394$240$142$83$28
41 years$604$375$225$131$75$24
42 years$583$358$211$121$68$21
43 years$563$341$198$112$62$19
44 years$544$325$186$103$56$16
45 years$526$310$175$95$51$14
46 years$509$295$164$88$46$13
47 years$492$282$154$81$42$11
48 years$477$269$145$75$38$10
49 years$462$257$136$69$35$9
50 years$447$246$128$64$31$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $458,000, adding $2,312 every year, while hoping to spend $32,222 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: 48/30/22 Blend
66$458,000$458,000$458,000$458,000
67$507,101$482,827$475,728$528,178
68$524,541$472,201$457,381$532,493
69$542,680$459,975$437,339$533,760
70$561,556$446,036$415,512$534,474
71$581,208$430,265$391,805$534,597
72$601,679$412,536$366,118$534,090
73$623,015$392,715$338,348$532,912
74$645,267$370,663$308,387$531,019
75$668,488$346,228$276,121$528,369
76$692,735$319,255$241,433$524,914
77$718,071$289,576$204,199$520,609
78$744,564$257,015$164,289$515,403
79$772,287$221,386$121,570$509,246
80$801,319$182,492$75,901$502,087
81$831,744$140,126$27,135$493,871
82$863,657$94,067$0$484,545
83$897,158$44,084$0$479,899
84$932,357$0$0$481,208
85$969,372$0$0$485,398
86$1,008,332$0$0$505,145
87$1,049,380$0$0$525,968
88$1,092,667$0$0$547,949
89$1,138,362$0$0$571,174
90$1,186,646$0$0$595,738
91$1,237,718$0$0$621,747
92$1,291,796$0$0$649,314
93$1,349,117$0$0$678,563
94$1,409,939$0$0$709,632
95$1,474,547$0$0$742,667
96$1,543,249$0$0$777,832
97$1,616,386$0$0$815,306
98$1,694,327$0$0$855,284
99$1,777,481$0$0$897,979
100$1,866,291$0$0$943,626