Can I retire at age 67 with 499,000?

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 $499,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.5%
1 years$41,207$40,840$40,482$40,132$39,791$39,540
2 years$20,399$20,020$19,651$19,294$18,948$18,695
3 years$13,465$13,083$12,716$12,362$12,021$11,774
4 years$9,998$9,617$9,254$8,906$8,574$8,334
5 years$7,918$7,540$7,181$6,841$6,518$6,286
6 years$6,532$6,157$5,804$5,471$5,157$4,934
7 years$5,543$5,171$4,823$4,498$4,194$3,980
8 years$4,801$4,432$4,090$3,773$3,479$3,274
9 years$4,224$3,859$3,523$3,214$2,930$2,733
10 years$3,763$3,402$3,071$2,770$2,497$2,308
11 years$3,386$3,028$2,704$2,411$2,147$1,967
12 years$3,072$2,718$2,400$2,115$1,861$1,689
13 years$2,807$2,456$2,144$1,867$1,623$1,459
14 years$2,580$2,233$1,926$1,657$1,422$1,266
15 years$2,383$2,040$1,739$1,478$1,252$1,104
16 years$2,211$1,871$1,577$1,323$1,107$966
17 years$2,059$1,723$1,435$1,189$981$848
18 years$1,924$1,592$1,310$1,072$873$746
19 years$1,804$1,476$1,199$968$778$658
20 years$1,696$1,371$1,100$877$695$581
21 years$1,598$1,277$1,012$796$622$515
22 years$1,509$1,192$933$724$557$456
23 years$1,429$1,115$861$659$500$405
24 years$1,355$1,045$797$601$450$360
25 years$1,286$981$738$549$405$320
26 years$1,224$922$684$502$364$285
27 years$1,166$867$635$459$329$254
28 years$1,112$817$591$421$296$227
29 years$1,062$771$550$386$268$202
30 years$1,016$728$512$354$242$180
31 years$972$688$477$325$219$161
32 years$932$651$445$299$198$144
33 years$894$617$416$275$179$129
34 years$858$585$389$253$162$115
35 years$824$554$363$233$147$103
36 years$793$526$340$214$133$92
37 years$763$500$318$198$121$82
38 years$734$475$298$182$109$74
39 years$708$452$279$168$99$66
40 years$682$430$262$155$90$59
41 years$658$409$245$143$82$53
42 years$635$390$230$132$74$48
43 years$614$371$216$122$67$43
44 years$593$354$203$112$61$38
45 years$573$337$190$104$55$34
46 years$554$322$179$96$50$31
47 years$536$307$168$89$46$27
48 years$519$293$158$82$41$25
49 years$503$280$148$76$38$22
50 years$487$268$139$70$34$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $499,000, adding $5,468 every year, while hoping to spend $27,621 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: 28/44/28 Blend
66$499,000$499,000$499,000$499,000
67$555,538$529,091$521,357$566,159
68$582,815$525,628$509,434$571,611
69$611,947$521,070$496,185$574,717
70$643,097$515,333$481,538$577,499
71$676,439$508,330$465,416$579,948
72$712,165$499,968$447,737$582,057
73$750,488$490,148$428,418$583,821
74$791,639$478,766$407,371$585,239
75$835,871$465,712$384,504$586,311
76$883,466$450,867$359,720$587,041
77$934,728$434,109$332,920$587,439
78$989,996$415,305$303,998$587,517
79$1,049,639$394,318$272,845$587,293
80$1,114,063$371,001$239,346$586,793
81$1,183,715$345,198$203,382$586,048
82$1,259,086$316,745$164,827$585,097
83$1,340,716$285,468$123,552$583,990
84$1,429,198$251,185$79,420$582,785
85$1,525,185$213,702$32,289$581,554
86$1,629,393$172,813$0$580,380
87$1,742,614$128,303$0$584,742
88$1,865,714$79,944$0$600,021
89$1,999,649$27,493$0$616,744
90$2,145,470$0$0$635,115
91$2,304,333$0$0$669,556
92$2,477,510$0$0$721,685
93$2,666,403$0$0$778,623
94$2,872,553$0$0$840,842
95$3,097,657$0$0$908,867
96$3,343,583$0$0$983,271
97$3,612,388$0$0$1,064,688
98$3,906,334$0$0$1,153,814
99$4,227,916$0$0$1,251,419
100$4,579,878$0$0$1,358,346