Can I retire at age 67 with 495,000?

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 $495,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.4%
1 years$40,877$40,513$40,157$39,811$39,472$38,914
2 years$20,236$19,859$19,494$19,140$18,796$18,235
3 years$13,357$12,978$12,614$12,263$11,925$11,379
4 years$9,918$9,540$9,180$8,835$8,505$7,977
5 years$7,855$7,480$7,124$6,786$6,465$5,958
6 years$6,480$6,108$5,757$5,427$5,116$4,629
7 years$5,498$5,129$4,784$4,462$4,161$3,694
8 years$4,763$4,397$4,057$3,743$3,452$3,006
9 years$4,190$3,828$3,495$3,188$2,907$2,482
10 years$3,733$3,374$3,047$2,748$2,477$2,072
11 years$3,359$3,004$2,682$2,392$2,130$1,745
12 years$3,048$2,696$2,380$2,098$1,846$1,480
13 years$2,784$2,437$2,127$1,852$1,610$1,263
14 years$2,559$2,215$1,911$1,644$1,411$1,083
15 years$2,364$2,023$1,725$1,466$1,242$932
16 years$2,193$1,856$1,564$1,313$1,098$805
17 years$2,043$1,710$1,423$1,180$974$697
18 years$1,909$1,580$1,299$1,063$866$605
19 years$1,790$1,464$1,189$961$772$526
20 years$1,682$1,360$1,092$870$689$459
21 years$1,585$1,267$1,004$790$617$400
22 years$1,497$1,183$925$718$553$350
23 years$1,417$1,106$854$654$496$306
24 years$1,344$1,037$790$596$446$268
25 years$1,276$973$732$545$401$235
26 years$1,214$914$679$498$362$206
27 years$1,157$860$630$456$326$181
28 years$1,103$811$586$418$294$159
29 years$1,054$765$545$383$266$140
30 years$1,008$722$508$351$240$123
31 years$965$683$474$323$217$108
32 years$924$646$442$297$196$95
33 years$886$612$413$273$178$84
34 years$851$580$385$251$161$74
35 years$818$550$360$231$146$65
36 years$786$522$337$213$132$57
37 years$756$496$316$196$120$50
38 years$728$471$295$181$108$44
39 years$702$448$277$167$98$39
40 years$677$426$259$154$89$34
41 years$653$406$243$142$81$30
42 years$630$386$228$131$73$27
43 years$609$368$214$121$67$23
44 years$588$351$201$112$60$21
45 years$569$335$189$103$55$18
46 years$550$319$177$95$50$16
47 years$532$305$167$88$45$14
48 years$515$291$157$81$41$12
49 years$499$278$147$75$37$11
50 years$483$265$138$69$34$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $495,000, adding $5,810 every year, while hoping to spend $41,617 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: 59/22/19 Blend
66$495,000$495,000$495,000$495,000
67$551,483$525,248$517,576$580,950
68$563,454$506,705$490,634$583,051
69$575,251$485,859$461,395$580,277
70$586,813$462,552$429,738$576,311
71$598,070$436,619$395,537$571,044
72$608,945$407,885$358,659$564,360
73$619,350$376,163$318,966$556,132
74$629,187$341,259$276,315$546,223
75$638,347$302,964$230,555$534,486
76$646,709$261,060$181,529$520,759
77$654,136$215,314$129,073$504,868
78$660,477$165,483$73,015$486,626
79$665,562$111,309$13,178$465,827
80$669,204$52,518$0$442,250
81$671,195$0$0$425,929
82$671,300$0$0$412,553
83$669,263$0$0$410,476
84$664,797$0$0$406,795
85$657,585$0$0$401,305
86$647,274$0$0$393,774
87$633,474$0$0$383,949
88$615,751$0$0$371,546
89$593,628$0$0$356,254
90$566,572$0$0$337,727
91$533,997$0$0$315,583
92$495,253$0$0$289,396
93$449,621$0$0$258,700
94$396,305$0$0$222,976
95$334,428$0$0$181,651
96$263,016$0$0$134,094
97$180,997$0$0$79,604
98$87,183$0$0$17,408
99$0$0$0$0
100$0$0$0$0