Can I retire at age 67 with 461,000?

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 $461,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.9%
1 years$38,069$37,730$37,399$37,076$36,761$36,468
2 years$18,846$18,495$18,155$17,825$17,505$17,210
3 years$12,439$12,087$11,747$11,421$11,106$10,818
4 years$9,236$8,885$8,549$8,228$7,921$7,642
5 years$7,315$6,966$6,634$6,320$6,021$5,752
6 years$6,035$5,688$5,362$5,054$4,764$4,505
7 years$5,121$4,777$4,456$4,155$3,875$3,626
8 years$4,435$4,095$3,779$3,486$3,215$2,976
9 years$3,903$3,565$3,255$2,969$2,707$2,479
10 years$3,477$3,143$2,837$2,559$2,307$2,088
11 years$3,128$2,798$2,498$2,227$1,984$1,775
12 years$2,838$2,511$2,217$1,954$1,719$1,520
13 years$2,593$2,269$1,981$1,725$1,499$1,310
14 years$2,383$2,063$1,780$1,531$1,314$1,134
15 years$2,201$1,884$1,607$1,365$1,157$986
16 years$2,042$1,729$1,457$1,223$1,023$860
17 years$1,902$1,592$1,326$1,099$907$753
18 years$1,778$1,471$1,210$990$806$661
19 years$1,667$1,364$1,108$895$719$581
20 years$1,567$1,267$1,017$810$642$512
21 years$1,476$1,180$935$735$574$452
22 years$1,395$1,102$862$669$515$399
23 years$1,320$1,030$796$609$462$353
24 years$1,251$965$736$555$415$313
25 years$1,189$906$682$507$374$278
26 years$1,131$851$632$464$337$247
27 years$1,077$801$587$424$304$219
28 years$1,027$755$546$389$274$195
29 years$981$712$508$357$247$173
30 years$938$673$473$327$223$154
31 years$898$636$441$301$202$137
32 years$861$602$411$276$183$122
33 years$826$570$384$254$165$109
34 years$793$540$359$234$150$97
35 years$761$512$336$215$136$86
36 years$732$486$314$198$123$77
37 years$705$462$294$183$111$69
38 years$678$439$275$168$101$61
39 years$654$417$258$155$92$55
40 years$630$397$242$143$83$49
41 years$608$378$227$132$75$44
42 years$587$360$213$122$68$39
43 years$567$343$199$112$62$35
44 years$548$327$187$104$56$31
45 years$530$312$176$96$51$28
46 years$512$297$165$89$46$25
47 years$496$284$155$82$42$22
48 years$480$271$146$76$38$20
49 years$465$259$137$70$35$18
50 years$450$247$129$65$32$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $461,000, adding $3,227 every year, while hoping to spend $36,291 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: 73/15/12 Blend
66$461,000$461,000$461,000$461,000
67$511,351$486,918$479,772$547,193
68$524,895$472,163$457,231$556,572
69$538,605$455,470$432,719$562,038
70$552,458$436,703$406,131$567,040
71$566,430$415,723$377,357$571,522
72$580,493$392,380$346,286$575,423
73$594,613$366,517$312,796$578,677
74$608,753$337,965$276,764$581,212
75$622,870$306,550$238,060$582,951
76$636,915$272,084$196,548$583,809
77$650,835$234,370$152,086$583,692
78$664,566$193,200$104,527$582,500
79$678,040$148,355$53,716$580,123
80$691,176$99,601$0$576,441
81$703,888$46,693$0$571,390
82$716,077$0$0$572,106
83$727,631$0$0$573,327
84$738,426$0$0$581,633
85$748,325$0$0$589,205
86$757,173$0$0$595,920
87$764,797$0$0$601,638
88$771,007$0$0$606,205
89$775,589$0$0$609,448
90$778,304$0$0$611,177
91$778,891$0$0$611,178
92$777,055$0$0$609,215
93$772,471$0$0$605,027
94$764,779$0$0$598,323
95$753,578$0$0$588,779
96$738,424$0$0$576,039
97$718,826$0$0$559,707
98$694,239$0$0$539,343
99$664,060$0$0$514,462
100$627,622$0$0$484,527