Can I retire at age 67 with 483,000?

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 $483,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.9%
1 years$39,886$39,530$39,184$38,845$38,515$38,050
2 years$19,745$19,378$19,021$18,676$18,341$17,872
3 years$13,033$12,664$12,308$11,966$11,636$11,179
4 years$9,677$9,309$8,957$8,621$8,299$7,857
5 years$7,664$7,298$6,951$6,621$6,309$5,883
6 years$6,323$5,960$5,617$5,295$4,992$4,583
7 years$5,365$5,005$4,668$4,354$4,060$3,668
8 years$4,647$4,290$3,959$3,652$3,368$2,994
9 years$4,089$3,735$3,410$3,111$2,836$2,479
10 years$3,643$3,293$2,973$2,681$2,417$2,076
11 years$3,278$2,931$2,617$2,334$2,078$1,754
12 years$2,974$2,631$2,323$2,047$1,801$1,492
13 years$2,717$2,378$2,075$1,807$1,571$1,278
14 years$2,497$2,161$1,865$1,604$1,377$1,099
15 years$2,306$1,974$1,683$1,431$1,212$949
16 years$2,140$1,811$1,526$1,281$1,071$822
17 years$1,993$1,668$1,389$1,151$950$715
18 years$1,863$1,541$1,268$1,037$845$623
19 years$1,746$1,429$1,161$937$753$544
20 years$1,642$1,328$1,065$849$672$476
21 years$1,547$1,237$980$770$602$417
22 years$1,461$1,154$903$700$539$365
23 years$1,383$1,080$834$638$484$321
24 years$1,311$1,011$771$582$435$282
25 years$1,245$949$714$531$392$248
26 years$1,185$892$662$486$353$219
27 years$1,128$840$615$445$318$193
28 years$1,077$791$572$407$287$170
29 years$1,028$746$532$374$259$150
30 years$983$705$496$343$234$132
31 years$941$666$462$315$212$117
32 years$902$630$431$289$191$103
33 years$865$597$403$266$173$91
34 years$830$566$376$245$157$81
35 years$798$537$352$225$142$71
36 years$767$509$329$208$129$63
37 years$738$484$308$191$117$56
38 years$711$460$288$176$106$49
39 years$685$437$270$163$96$44
40 years$660$416$253$150$87$39
41 years$637$396$237$138$79$34
42 years$615$377$223$128$72$30
43 years$594$359$209$118$65$27
44 years$574$343$196$109$59$24
45 years$555$327$184$101$54$21
46 years$537$312$173$93$49$19
47 years$519$297$163$86$44$16
48 years$503$284$153$79$40$15
49 years$487$271$144$73$36$13
50 years$472$259$135$68$33$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $483,000, adding $6,199 every year, while hoping to spend $41,359 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: 48/31/21 Blend
66$483,000$483,000$483,000$483,000
67$538,660$513,061$505,575$561,044
68$549,598$494,196$478,506$558,408
69$560,265$473,019$449,144$550,890
70$570,590$449,376$417,369$541,869
71$580,494$423,098$383,054$531,220
72$589,887$394,012$346,068$518,811
73$598,668$361,932$306,274$504,498
74$606,726$326,661$263,529$488,129
75$613,937$287,991$217,681$469,536
76$620,160$245,705$168,576$448,543
77$625,242$199,570$116,049$424,954
78$629,010$149,343$59,930$398,564
79$631,272$94,763$40$369,149
80$631,815$35,560$0$336,466
81$630,402$0$0$314,566
82$626,771$0$0$299,538
83$620,629$0$0$295,281
84$611,654$0$0$289,494
85$599,486$0$0$281,985
86$583,728$0$0$272,544
87$563,941$0$0$260,936
88$539,637$0$0$246,903
89$510,276$0$0$230,158
90$475,262$0$0$210,384
91$433,933$0$0$187,232
92$385,560$0$0$160,312
93$329,336$0$0$129,197
94$264,366$0$0$93,413
95$189,665$0$0$52,436
96$104,142$0$0$5,689
97$6,592$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0