Can I retire at age 67 with 484,000?

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 $484,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.7%
1 years$39,968$39,612$39,265$38,926$38,595$38,319
2 years$19,786$19,418$19,061$18,714$18,378$18,101
3 years$13,060$12,690$12,333$11,990$11,660$11,389
4 years$9,697$9,328$8,976$8,638$8,316$8,053
5 years$7,680$7,313$6,965$6,635$6,322$6,068
6 years$6,336$5,972$5,629$5,306$5,002$4,758
7 years$5,376$5,015$4,678$4,363$4,068$3,833
8 years$4,657$4,299$3,967$3,660$3,375$3,150
9 years$4,097$3,743$3,417$3,117$2,842$2,627
10 years$3,650$3,299$2,979$2,687$2,422$2,215
11 years$3,285$2,937$2,623$2,339$2,083$1,886
12 years$2,980$2,636$2,328$2,051$1,805$1,617
13 years$2,723$2,382$2,079$1,811$1,574$1,395
14 years$2,502$2,166$1,868$1,608$1,380$1,209
15 years$2,311$1,978$1,687$1,434$1,215$1,053
16 years$2,144$1,815$1,529$1,284$1,074$920
17 years$1,997$1,672$1,392$1,153$952$806
18 years$1,867$1,545$1,270$1,039$846$709
19 years$1,750$1,432$1,163$939$754$624
20 years$1,645$1,330$1,067$851$674$551
21 years$1,550$1,239$982$772$603$487
22 years$1,464$1,157$905$702$541$431
23 years$1,386$1,082$835$639$485$382
24 years$1,314$1,014$773$583$436$339
25 years$1,248$951$716$532$392$301
26 years$1,187$894$664$487$353$268
27 years$1,131$841$616$446$319$238
28 years$1,079$793$573$408$288$212
29 years$1,030$748$533$374$260$189
30 years$985$706$497$344$235$168
31 years$943$668$463$316$212$150
32 years$904$632$432$290$192$134
33 years$867$598$403$267$174$119
34 years$832$567$377$245$157$107
35 years$799$538$352$226$142$95
36 years$769$510$330$208$129$85
37 years$740$485$309$192$117$76
38 years$712$461$289$177$106$68
39 years$686$438$271$163$96$61
40 years$662$417$254$150$87$54
41 years$638$397$238$139$79$49
42 years$616$378$223$128$72$43
43 years$595$360$209$118$65$39
44 years$575$343$197$109$59$35
45 years$556$327$185$101$54$31
46 years$538$312$173$93$49$28
47 years$520$298$163$86$44$25
48 years$504$284$153$79$40$22
49 years$488$272$144$73$37$20
50 years$473$259$135$68$33$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $484,000, adding $5,645 every year, while hoping to spend $28,447 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: 67/9/24 Blend
66$484,000$484,000$484,000$484,000
67$539,191$513,539$506,037$571,636
68$563,921$508,435$492,722$589,027
69$590,220$502,127$478,007$604,276
70$618,218$494,527$461,816$620,294
71$648,058$485,540$444,068$637,157
72$679,895$475,067$424,679$654,950
73$713,899$463,001$403,562$673,767
74$750,259$449,230$380,623$693,713
75$789,180$433,636$355,768$714,905
76$830,885$416,093$328,895$737,472
77$875,623$396,469$299,901$761,558
78$923,663$374,623$268,674$787,322
79$975,303$350,406$235,101$814,941
80$1,030,870$323,662$199,063$844,613
81$1,090,721$294,224$160,434$876,554
82$1,155,250$261,916$119,084$911,008
83$1,224,890$226,554$74,877$948,240
84$1,300,114$187,941$27,671$988,550
85$1,381,445$145,869$0$1,032,265
86$1,469,457$100,121$0$1,085,564
87$1,564,779$50,465$0$1,150,978
88$1,668,106$0$0$1,221,901
89$1,780,199$0$0$1,299,202
90$1,901,897$0$0$1,388,578
91$2,034,122$0$0$1,485,712
92$2,177,889$0$0$1,591,351
93$2,334,312$0$0$1,706,319
94$2,504,620$0$0$1,831,523
95$2,690,165$0$0$1,967,959
96$2,892,432$0$0$2,116,725
97$3,113,058$0$0$2,279,028
98$3,353,845$0$0$2,456,197
99$3,616,774$0$0$2,649,695
100$3,904,029$0$0$2,861,135