Can I retire at age 67 with 460,000?

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 $460,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12%
1 years$37,986$37,648$37,318$36,996$36,681$36,374
2 years$18,805$18,455$18,115$17,786$17,467$17,157
3 years$12,412$12,060$11,722$11,396$11,082$10,779
4 years$9,216$8,866$8,531$8,210$7,904$7,611
5 years$7,299$6,951$6,620$6,306$6,008$5,726
6 years$6,022$5,676$5,350$5,043$4,754$4,482
7 years$5,110$4,767$4,446$4,146$3,866$3,605
8 years$4,426$4,086$3,770$3,478$3,208$2,957
9 years$3,894$3,557$3,247$2,963$2,701$2,462
10 years$3,469$3,136$2,831$2,554$2,302$2,073
11 years$3,122$2,792$2,493$2,223$1,979$1,761
12 years$2,832$2,506$2,212$1,949$1,715$1,507
13 years$2,588$2,264$1,976$1,721$1,496$1,298
14 years$2,378$2,058$1,776$1,528$1,311$1,123
15 years$2,197$1,880$1,603$1,363$1,154$976
16 years$2,038$1,725$1,454$1,220$1,020$851
17 years$1,898$1,589$1,323$1,096$905$744
18 years$1,774$1,468$1,207$988$804$652
19 years$1,663$1,361$1,105$893$717$573
20 years$1,563$1,264$1,014$808$640$505
21 years$1,473$1,178$933$734$573$445
22 years$1,391$1,099$860$667$514$393
23 years$1,317$1,028$794$608$461$348
24 years$1,249$963$734$554$414$308
25 years$1,186$904$680$506$373$273
26 years$1,128$850$631$463$336$242
27 years$1,075$800$586$424$303$215
28 years$1,025$753$545$388$273$191
29 years$979$711$507$356$247$170
30 years$936$671$472$327$223$151
31 years$896$635$440$300$202$134
32 years$859$600$411$276$182$119
33 years$824$569$383$253$165$106
34 years$791$539$358$233$149$95
35 years$760$511$335$215$135$84
36 years$731$485$313$198$123$75
37 years$703$461$293$182$111$67
38 years$677$438$275$168$101$60
39 years$652$416$257$155$91$53
40 years$629$396$241$143$83$47
41 years$607$377$226$132$75$42
42 years$586$359$212$122$68$38
43 years$566$342$199$112$62$34
44 years$547$326$187$104$56$30
45 years$528$311$175$96$51$27
46 years$511$297$165$88$46$24
47 years$495$283$155$82$42$21
48 years$479$270$145$75$38$19
49 years$464$258$137$70$35$17
50 years$449$247$129$64$32$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $460,000, adding $5,987 every year, while hoping to spend $39,106 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: 65/22/13 Blend
66$460,000$460,000$460,000$460,000
67$513,096$488,716$481,586$544,517
68$523,823$471,054$456,110$548,593
69$534,334$451,217$428,471$547,937
70$544,565$429,055$398,553$546,242
71$554,445$404,413$366,239$543,404
72$563,894$377,125$331,404$539,312
73$572,823$347,017$293,918$533,844
74$581,133$313,902$253,646$526,868
75$588,711$277,586$210,446$518,239
76$595,434$237,862$164,171$507,803
77$601,163$194,512$114,665$495,388
78$605,743$147,305$61,768$480,808
79$609,004$95,998$5,312$463,864
80$610,753$40,333$0$444,334
81$610,780$0$0$429,600
82$608,848$0$0$417,895
83$604,695$0$0$414,346
84$598,031$0$0$408,981
85$588,535$0$0$401,568
86$575,850$0$0$391,852
87$559,581$0$0$379,548
88$539,289$0$0$364,343
89$514,491$0$0$345,889
90$484,649$0$0$323,800
91$449,170$0$0$297,651
92$407,397$0$0$266,970
93$358,605$0$0$231,238
94$301,990$0$0$189,877
95$236,665$0$0$142,252
96$161,649$0$0$87,658
97$75,857$0$0$25,320
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0