Can I retire at age 67 with 472,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $472,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.4%
1 years$38,977$38,630$38,291$37,961$37,638$37,416
2 years$19,296$18,936$18,588$18,250$17,923$17,699
3 years$12,736$12,375$12,028$11,693$11,371$11,152
4 years$9,457$9,097$8,753$8,424$8,110$7,898
5 years$7,490$7,132$6,793$6,471$6,165$5,960
6 years$6,179$5,824$5,490$5,175$4,878$4,681
7 years$5,243$4,891$4,562$4,254$3,967$3,778
8 years$4,541$4,192$3,869$3,569$3,291$3,109
9 years$3,996$3,650$3,332$3,040$2,772$2,597
10 years$3,560$3,218$2,905$2,620$2,362$2,195
11 years$3,203$2,864$2,558$2,281$2,031$1,872
12 years$2,906$2,571$2,270$2,000$1,760$1,608
13 years$2,655$2,323$2,028$1,766$1,535$1,390
14 years$2,440$2,112$1,822$1,568$1,345$1,207
15 years$2,254$1,929$1,645$1,398$1,185$1,053
16 years$2,091$1,770$1,492$1,252$1,047$922
17 years$1,948$1,630$1,357$1,125$928$810
18 years$1,820$1,506$1,239$1,014$825$713
19 years$1,706$1,396$1,134$916$736$629
20 years$1,604$1,297$1,041$830$657$557
21 years$1,512$1,208$957$753$588$493
22 years$1,428$1,128$882$685$527$437
23 years$1,351$1,055$815$623$473$389
24 years$1,281$988$754$569$425$346
25 years$1,217$928$698$519$383$308
26 years$1,158$872$647$475$345$274
27 years$1,103$820$601$435$311$244
28 years$1,052$773$559$398$280$218
29 years$1,005$729$520$365$253$195
30 years$961$689$484$335$229$174
31 years$920$651$452$308$207$156
32 years$881$616$421$283$187$139
33 years$845$583$393$260$169$125
34 years$811$553$368$239$153$111
35 years$780$524$344$220$139$100
36 years$750$498$321$203$126$89
37 years$721$473$301$187$114$80
38 years$695$449$282$172$103$72
39 years$669$427$264$159$94$64
40 years$645$407$247$147$85$58
41 years$623$387$232$135$77$52
42 years$601$369$218$125$70$46
43 years$580$351$204$115$64$42
44 years$561$335$192$106$58$37
45 years$542$319$180$98$52$33
46 years$524$304$169$91$48$30
47 years$507$291$159$84$43$27
48 years$491$277$149$77$39$24
49 years$476$265$140$72$36$22
50 years$461$253$132$66$32$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $472,000, adding $2,991 every year, while hoping to spend $20,977 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: 26/48/26 Blend
66$472,000$472,000$472,000$472,000
67$523,229$498,213$490,897$532,504
68$554,279$500,306$485,023$542,368
69$587,793$501,799$478,249$550,943
70$624,001$502,639$470,522$559,707
71$663,153$502,773$461,789$568,689
72$705,527$502,142$451,992$577,925
73$751,428$500,683$441,070$587,454
74$801,189$498,333$428,962$597,323
75$855,179$495,020$415,601$607,584
76$913,803$490,671$400,919$618,297
77$977,506$485,209$384,844$629,532
78$1,046,776$478,549$367,302$641,367
79$1,122,153$470,604$348,213$653,890
80$1,204,230$461,281$327,495$667,204
81$1,293,659$450,481$305,063$681,421
82$1,391,157$438,099$280,828$696,672
83$1,497,515$424,026$254,696$713,101
84$1,613,602$408,144$226,568$730,873
85$1,740,375$390,328$196,344$750,171
86$1,878,888$370,448$163,915$771,204
87$2,030,300$348,366$129,172$794,204
88$2,195,888$323,934$91,998$819,432
89$2,377,060$296,998$52,271$847,180
90$2,575,363$267,393$9,864$877,776
91$2,792,501$234,947$0$911,584
92$3,030,353$199,476$0$958,832
93$3,290,986$160,787$0$1,013,717
94$3,576,676$118,676$0$1,074,049
95$3,889,933$72,926$0$1,140,437
96$4,233,517$23,311$0$1,213,557
97$4,610,472$0$0$1,294,160
98$5,024,147$0$0$1,399,141
99$5,478,235$0$0$1,527,974
100$5,976,801$0$0$1,669,512