Can I retire at age 67 with 490,000?

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 $490,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.8%
1 years$40,464$40,103$39,752$39,408$39,073$37,990
2 years$20,032$19,658$19,297$18,946$18,606$17,523
3 years$13,222$12,847$12,486$12,139$11,805$10,755
4 years$9,817$9,444$9,087$8,746$8,419$7,412
5 years$7,775$7,404$7,052$6,717$6,400$5,437
6 years$6,415$6,046$5,699$5,372$5,064$4,147
7 years$5,443$5,077$4,736$4,417$4,119$3,247
8 years$4,714$4,352$4,016$3,705$3,417$2,591
9 years$4,148$3,789$3,459$3,156$2,877$2,096
10 years$3,695$3,340$3,016$2,720$2,452$1,713
11 years$3,325$2,974$2,655$2,368$2,109$1,412
12 years$3,017$2,669$2,356$2,077$1,827$1,172
13 years$2,756$2,412$2,105$1,833$1,593$977
14 years$2,533$2,192$1,892$1,627$1,397$819
15 years$2,340$2,003$1,708$1,451$1,230$688
16 years$2,171$1,838$1,548$1,300$1,087$580
17 years$2,022$1,692$1,409$1,168$964$490
18 years$1,890$1,564$1,286$1,052$857$415
19 years$1,772$1,449$1,177$951$764$352
20 years$1,665$1,347$1,081$861$682$299
21 years$1,569$1,254$994$782$610$254
22 years$1,482$1,171$916$711$547$217
23 years$1,403$1,095$846$647$491$185
24 years$1,330$1,026$782$590$442$157
25 years$1,263$963$725$539$397$134
26 years$1,202$905$672$493$358$115
27 years$1,145$852$624$451$323$98
28 years$1,092$803$580$413$291$84
29 years$1,043$757$540$379$263$71
30 years$997$715$503$348$238$61
31 years$955$676$469$319$215$52
32 years$915$640$437$294$194$45
33 years$878$606$408$270$176$38
34 years$842$574$382$248$159$33
35 years$809$544$357$229$144$28
36 years$778$517$334$211$131$24
37 years$749$491$312$194$118$20
38 years$721$466$292$179$107$18
39 years$695$444$274$165$97$15
40 years$670$422$257$152$88$13
41 years$646$402$241$140$80$11
42 years$624$383$226$130$73$9
43 years$603$365$212$120$66$8
44 years$582$347$199$110$60$7
45 years$563$331$187$102$54$6
46 years$544$316$175$94$49$5
47 years$527$302$165$87$45$4
48 years$510$288$155$80$41$4
49 years$494$275$146$74$37$3
50 years$478$263$137$69$34$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $490,000, adding $3,822 every year, while hoping to spend $37,881 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: 73/16/11 Blend
66$490,000$490,000$490,000$490,000
67$543,922$517,952$510,357$582,178
68$559,097$503,027$487,149$593,047
69$574,551$486,101$461,894$599,875
70$590,270$467,035$434,483$606,318
71$606,243$445,685$404,803$612,326
72$622,451$421,895$372,736$617,846
73$638,875$395,502$338,156$622,821
74$655,492$366,333$300,936$627,189
75$672,275$334,205$260,940$630,882
76$689,191$298,926$218,026$633,827
77$706,207$260,291$172,048$635,943
78$723,279$218,085$122,851$637,145
79$740,362$172,079$70,274$637,337
80$757,401$122,033$14,151$636,418
81$774,336$67,693$0$634,275
82$791,098$8,790$0$636,159
83$807,610$0$0$638,688
84$823,785$0$0$649,757
85$839,524$0$0$662,011
86$854,718$0$0$673,813
87$869,243$0$0$685,064
88$882,960$0$0$695,651
89$895,716$0$0$705,451
90$907,338$0$0$714,324
91$917,633$0$0$722,115
92$926,387$0$0$728,651
93$933,362$0$0$733,740
94$938,292$0$0$737,166
95$940,880$0$0$738,693
96$940,800$0$0$738,054
97$937,686$0$0$734,957
98$931,133$0$0$729,076
99$920,693$0$0$720,047
100$905,867$0$0$707,471