Can I retire at age 67 with 470,000?

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 $470,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.7%
1 years$38,812$38,466$38,129$37,800$37,478$36,602
2 years$19,214$18,856$18,509$18,173$17,847$16,969
3 years$12,682$12,323$11,977$11,644$11,323$10,471
4 years$9,417$9,058$8,716$8,389$8,076$7,256
5 years$7,458$7,102$6,764$6,443$6,139$5,354
6 years$6,153$5,799$5,466$5,153$4,857$4,108
7 years$5,221$4,870$4,543$4,236$3,950$3,237
8 years$4,522$4,175$3,852$3,554$3,277$2,599
9 years$3,979$3,635$3,318$3,027$2,760$2,116
10 years$3,545$3,204$2,893$2,609$2,352$1,742
11 years$3,190$2,852$2,547$2,271$2,022$1,446
12 years$2,894$2,560$2,260$1,992$1,753$1,209
13 years$2,644$2,314$2,019$1,759$1,528$1,016
14 years$2,430$2,103$1,814$1,561$1,340$857
15 years$2,244$1,921$1,638$1,392$1,180$726
16 years$2,082$1,763$1,485$1,247$1,043$617
17 years$1,939$1,623$1,351$1,120$924$526
18 years$1,813$1,500$1,234$1,009$822$449
19 years$1,699$1,390$1,129$912$733$384
20 years$1,597$1,292$1,037$826$654$329
21 years$1,505$1,203$953$750$586$282
22 years$1,422$1,123$879$682$525$242
23 years$1,346$1,050$811$621$471$208
24 years$1,276$984$750$566$423$179
25 years$1,212$924$695$517$381$154
26 years$1,153$868$645$473$343$133
27 years$1,098$817$599$433$309$114
28 years$1,048$770$556$396$279$99
29 years$1,001$726$518$364$252$85
30 years$957$686$482$334$228$73
31 years$916$648$450$306$206$63
32 years$878$613$420$282$186$55
33 years$842$581$392$259$169$47
34 years$808$551$366$238$153$41
35 years$776$522$342$219$138$35
36 years$746$496$320$202$125$30
37 years$718$471$300$186$114$26
38 years$692$447$281$172$103$23
39 years$666$425$263$158$93$20
40 years$643$405$246$146$85$17
41 years$620$385$231$135$77$15
42 years$598$367$217$124$70$13
43 years$578$350$203$115$63$11
44 years$558$333$191$106$57$9
45 years$540$318$179$98$52$8
46 years$522$303$168$90$47$7
47 years$505$289$158$83$43$6
48 years$489$276$149$77$39$5
49 years$474$264$140$71$35$5
50 years$459$252$131$66$32$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $470,000, adding $5,396 every year, while hoping to spend $30,198 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: 49/24/27 Blend
66$470,000$470,000$470,000$470,000
67$523,506$498,596$491,311$544,913
68$544,773$490,897$475,639$552,754
69$567,197$481,808$458,431$557,844
70$590,865$471,230$439,602$562,781
71$615,870$459,057$419,065$567,564
72$642,314$445,177$396,729$572,195
73$670,310$429,470$372,500$576,678
74$699,980$411,812$346,277$581,020
75$731,457$392,070$317,956$585,230
76$764,887$370,103$287,429$589,322
77$800,430$345,763$254,582$593,312
78$838,261$318,891$219,297$597,223
79$878,569$289,323$181,450$601,082
80$921,566$256,883$140,911$604,921
81$967,480$221,384$97,546$608,779
82$1,016,563$182,632$51,213$612,705
83$1,069,089$140,418$1,766$616,753
84$1,125,362$94,524$0$620,989
85$1,185,712$44,718$0$640,182
86$1,250,503$0$0$661,225
87$1,320,133$0$0$686,201
88$1,395,042$0$0$725,811
89$1,475,709$0$0$768,504
90$1,562,664$0$0$814,564
91$1,656,485$0$0$864,305
92$1,757,810$0$0$918,068
93$1,867,340$0$0$976,232
94$1,985,845$0$0$1,039,211
95$2,114,170$0$0$1,107,462
96$2,253,246$0$0$1,181,484
97$2,404,095$0$0$1,261,830
98$2,567,844$0$0$1,349,107
99$2,745,728$0$0$1,443,980
100$2,939,110$0$0$1,547,185