Can I retire at age 67 with 455,000?

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 $455,000?

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$37,573$37,239$36,912$36,594$36,282$36,008
2 years$18,601$18,254$17,919$17,593$17,277$17,001
3 years$12,277$11,929$11,595$11,272$10,961$10,692
4 years$9,116$8,769$8,438$8,121$7,818$7,556
5 years$7,220$6,875$6,548$6,238$5,943$5,691
6 years$5,956$5,614$5,292$4,988$4,702$4,460
7 years$5,054$4,715$4,398$4,101$3,824$3,591
8 years$4,378$4,041$3,729$3,440$3,173$2,949
9 years$3,852$3,519$3,212$2,930$2,672$2,458
10 years$3,431$3,102$2,800$2,526$2,277$2,072
11 years$3,088$2,761$2,465$2,198$1,958$1,762
12 years$2,801$2,478$2,188$1,928$1,697$1,510
13 years$2,559$2,240$1,955$1,702$1,480$1,302
14 years$2,352$2,036$1,756$1,511$1,297$1,128
15 years$2,173$1,860$1,586$1,348$1,142$982
16 years$2,016$1,706$1,438$1,207$1,009$857
17 years$1,878$1,571$1,308$1,084$895$751
18 years$1,755$1,452$1,194$977$796$659
19 years$1,645$1,346$1,093$883$709$580
20 years$1,546$1,251$1,003$800$633$511
21 years$1,457$1,165$923$726$567$452
22 years$1,376$1,087$851$660$508$400
23 years$1,303$1,017$785$601$456$354
24 years$1,235$953$726$548$410$314
25 years$1,173$894$673$501$369$278
26 years$1,116$840$624$458$332$247
27 years$1,063$791$579$419$300$220
28 years$1,014$745$539$384$270$196
29 years$969$703$501$352$244$174
30 years$926$664$467$323$221$155
31 years$887$628$435$297$199$138
32 years$850$594$406$273$180$123
33 years$815$562$379$251$163$110
34 years$782$533$354$231$148$98
35 years$752$506$331$212$134$87
36 years$723$480$310$196$121$78
37 years$695$456$290$180$110$70
38 years$670$433$272$166$100$62
39 years$645$412$254$153$90$56
40 years$622$392$239$141$82$50
41 years$600$373$224$130$74$44
42 years$579$355$210$120$67$40
43 years$559$338$197$111$61$35
44 years$541$323$185$103$56$32
45 years$523$308$174$95$50$28
46 years$505$294$163$87$46$25
47 years$489$280$153$81$42$23
48 years$473$267$144$75$38$20
49 years$459$255$135$69$34$18
50 years$444$244$127$64$31$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $455,000, adding $2,973 every year, while hoping to spend $31,807 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: 42/36/22 Blend
66$455,000$455,000$455,000$455,000
67$504,477$480,362$473,309$522,304
68$522,091$470,057$455,323$524,980
69$540,436$458,181$435,667$524,589
70$559,552$444,624$414,254$523,523
71$579,484$429,268$390,989$521,737
72$600,279$411,990$365,775$519,183
73$621,989$392,659$338,510$515,813
74$644,667$371,135$309,086$511,576
75$668,375$347,273$277,392$506,418
76$693,177$320,916$243,312$500,286
77$719,142$291,902$206,724$493,120
78$746,347$260,058$167,502$484,863
79$774,873$225,199$125,511$475,453
80$804,808$187,132$80,615$464,827
81$836,251$145,654$32,667$452,919
82$869,305$100,548$0$439,663
83$904,085$51,586$0$429,331
84$940,716$0$0$425,977
85$979,331$0$0$422,474
86$1,020,080$0$0$440,364
87$1,063,121$0$0$459,285
88$1,108,631$0$0$479,316
89$1,156,801$0$0$500,546
90$1,207,840$0$0$523,071
91$1,261,975$0$0$546,994
92$1,319,457$0$0$572,430
93$1,380,557$0$0$599,505
94$1,445,575$0$0$628,354
95$1,514,838$0$0$659,129
96$1,588,702$0$0$691,993
97$1,667,560$0$0$727,127
98$1,751,841$0$0$764,729
99$1,842,016$0$0$805,013
100$1,938,601$0$0$848,219