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%14%
1 years$38,069$37,730$37,399$37,076$36,761$36,152
2 years$18,846$18,495$18,155$17,825$17,505$16,893
3 years$12,439$12,087$11,747$11,421$11,106$10,510
4 years$9,236$8,885$8,549$8,228$7,921$7,346
5 years$7,315$6,966$6,634$6,320$6,021$5,469
6 years$6,035$5,688$5,362$5,054$4,764$4,235
7 years$5,121$4,777$4,456$4,155$3,875$3,369
8 years$4,435$4,095$3,779$3,486$3,215$2,732
9 years$3,903$3,565$3,255$2,969$2,707$2,247
10 years$3,477$3,143$2,837$2,559$2,307$1,870
11 years$3,128$2,798$2,498$2,227$1,984$1,569
12 years$2,838$2,511$2,217$1,954$1,719$1,326
13 years$2,593$2,269$1,981$1,725$1,499$1,127
14 years$2,383$2,063$1,780$1,531$1,314$962
15 years$2,201$1,884$1,607$1,365$1,157$825
16 years$2,042$1,729$1,457$1,223$1,023$709
17 years$1,902$1,592$1,326$1,099$907$612
18 years$1,778$1,471$1,210$990$806$529
19 years$1,667$1,364$1,108$895$719$458
20 years$1,567$1,267$1,017$810$642$397
21 years$1,476$1,180$935$735$574$345
22 years$1,395$1,102$862$669$515$300
23 years$1,320$1,030$796$609$462$261
24 years$1,251$965$736$555$415$228
25 years$1,189$906$682$507$374$199
26 years$1,131$851$632$464$337$174
27 years$1,077$801$587$424$304$152
28 years$1,027$755$546$389$274$132
29 years$981$712$508$357$247$116
30 years$938$673$473$327$223$101
31 years$898$636$441$301$202$89
32 years$861$602$411$276$183$78
33 years$826$570$384$254$165$68
34 years$793$540$359$234$150$60
35 years$761$512$336$215$136$52
36 years$732$486$314$198$123$46
37 years$705$462$294$183$111$40
38 years$678$439$275$168$101$35
39 years$654$417$258$155$92$31
40 years$630$397$242$143$83$27
41 years$608$378$227$132$75$24
42 years$587$360$213$122$68$21
43 years$567$343$199$112$62$18
44 years$548$327$187$104$56$16
45 years$530$312$176$96$51$14
46 years$512$297$165$89$46$12
47 years$496$284$155$82$42$11
48 years$480$271$146$76$38$9
49 years$465$259$137$70$35$8
50 years$450$247$129$65$32$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $461,000, adding $5,504 every year, while hoping to spend $35,972 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: 72/5/23 Blend
66$461,000$461,000$461,000$461,000
67$513,699$489,266$482,121$547,380
68$527,823$474,966$459,998$556,251
69$542,181$458,760$435,928$561,173
70$556,760$440,516$409,809$565,679
71$571,544$420,096$381,531$569,723
72$586,512$397,351$350,984$573,256
73$601,643$372,128$318,048$576,223
74$616,908$344,260$282,600$578,566
75$632,279$313,575$244,513$580,220
76$647,719$279,888$203,653$581,116
77$663,190$243,005$159,878$581,180
78$678,644$202,721$113,043$580,330
79$694,031$158,820$62,995$578,476
80$709,291$111,071$9,574$575,524
81$724,359$59,234$0$571,367
82$739,159$3,052$0$577,533
83$753,608$0$0$585,522
84$767,611$0$0$596,067
85$781,061$0$0$606,331
86$793,841$0$0$616,049
87$805,818$0$0$625,117
88$816,843$0$0$633,415
89$826,751$0$0$640,813
90$835,357$0$0$647,164
91$842,455$0$0$652,303
92$847,817$0$0$656,050
93$851,188$0$0$658,200
94$852,285$0$0$658,530
95$850,794$0$0$656,789
96$846,365$0$0$652,699
97$838,611$0$0$645,954
98$827,103$0$0$636,211
99$811,364$0$0$623,091
100$790,866$0$0$606,176