Can I retire at age 67 with 488,000?

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 $488,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.8%
1 years$40,299$39,940$39,589$39,248$38,914$38,620
2 years$19,950$19,578$19,218$18,869$18,530$18,234
3 years$13,168$12,795$12,435$12,090$11,756$11,467
4 years$9,777$9,405$9,050$8,710$8,385$8,104
5 years$7,744$7,374$7,023$6,690$6,374$6,103
6 years$6,388$6,021$5,676$5,350$5,044$4,783
7 years$5,421$5,057$4,716$4,399$4,102$3,852
8 years$4,695$4,335$4,000$3,690$3,403$3,163
9 years$4,131$3,774$3,445$3,143$2,866$2,636
10 years$3,680$3,327$3,004$2,709$2,442$2,222
11 years$3,312$2,961$2,644$2,358$2,100$1,890
12 years$3,005$2,658$2,347$2,068$1,820$1,620
13 years$2,745$2,402$2,097$1,826$1,587$1,396
14 years$2,523$2,183$1,884$1,621$1,391$1,210
15 years$2,330$1,995$1,701$1,445$1,225$1,053
16 years$2,162$1,830$1,542$1,294$1,082$919
17 years$2,014$1,685$1,403$1,163$960$805
18 years$1,882$1,557$1,281$1,048$853$707
19 years$1,764$1,443$1,173$947$761$622
20 years$1,659$1,341$1,076$858$679$549
21 years$1,563$1,249$990$778$608$485
22 years$1,476$1,166$912$708$545$429
23 years$1,397$1,091$842$645$489$380
24 years$1,325$1,022$779$588$440$337
25 years$1,258$959$722$537$396$299
26 years$1,197$901$669$491$356$265
27 years$1,140$848$621$449$321$236
28 years$1,088$799$578$412$290$210
29 years$1,039$754$538$378$262$187
30 years$993$712$501$346$237$166
31 years$951$673$467$318$214$148
32 years$911$637$436$292$193$132
33 years$874$603$407$269$175$118
34 years$839$572$380$247$159$105
35 years$806$542$355$228$144$94
36 years$775$515$332$210$130$84
37 years$746$489$311$193$118$75
38 years$718$465$291$178$107$67
39 years$692$442$273$164$97$60
40 years$667$420$256$152$88$53
41 years$644$400$240$140$80$48
42 years$621$381$225$129$72$42
43 years$600$363$211$119$66$38
44 years$580$346$198$110$60$34
45 years$561$330$186$102$54$30
46 years$542$315$175$94$49$27
47 years$525$300$164$87$45$24
48 years$508$287$154$80$41$22
49 years$492$274$145$74$37$19
50 years$476$262$136$68$33$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $488,000, adding $5,502 every year, while hoping to spend $26,925 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: 32/42/26 Blend
66$488,000$488,000$488,000$488,000
67$543,451$517,587$510,023$556,378
68$570,235$514,301$498,461$563,394
69$598,849$509,951$485,609$568,171
70$629,450$504,458$471,396$572,780
71$662,213$497,735$455,746$577,225
72$697,327$489,692$438,582$581,514
73$735,001$480,234$419,821$585,654
74$775,464$469,258$399,378$589,659
75$818,967$456,657$377,163$593,546
76$865,786$442,318$353,082$597,338
77$916,224$426,120$327,039$601,061
78$970,614$407,935$298,930$604,750
79$1,029,321$387,628$268,648$608,445
80$1,092,747$365,057$236,083$612,195
81$1,161,334$340,071$201,118$616,059
82$1,235,565$312,510$163,631$620,103
83$1,315,975$282,205$123,495$624,409
84$1,403,150$248,979$80,577$629,068
85$1,497,734$212,642$34,740$634,188
86$1,600,438$172,996$0$639,892
87$1,712,040$129,830$0$650,255
88$1,833,398$82,922$0$672,048
89$1,965,457$32,037$0$695,852
90$2,109,255$0$0$721,923
91$2,265,936$0$0$761,212
92$2,436,756$0$0$820,258
93$2,623,100$0$0$884,741
94$2,826,492$0$0$955,197
95$3,048,608$0$0$1,032,215
96$3,291,296$0$0$1,116,447
97$3,556,587$0$0$1,208,607
98$3,846,720$0$0$1,309,484
99$4,164,158$0$0$1,419,944
100$4,511,614$0$0$1,540,943