Can I retire at age 67 with 492,000?

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 $492,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.7%
1 years$40,629$40,267$39,914$39,569$39,233$38,953
2 years$20,113$19,739$19,376$19,024$18,682$18,400
3 years$13,276$12,899$12,537$12,189$11,853$11,577
4 years$9,858$9,482$9,124$8,781$8,454$8,186
5 years$7,807$7,434$7,081$6,745$6,426$6,168
6 years$6,441$6,071$5,722$5,394$5,085$4,836
7 years$5,465$5,098$4,755$4,435$4,135$3,897
8 years$4,734$4,370$4,033$3,720$3,431$3,202
9 years$4,165$3,805$3,473$3,169$2,889$2,670
10 years$3,710$3,354$3,028$2,731$2,462$2,252
11 years$3,339$2,986$2,666$2,377$2,117$1,917
12 years$3,029$2,680$2,366$2,085$1,835$1,644
13 years$2,768$2,422$2,114$1,841$1,600$1,418
14 years$2,543$2,201$1,899$1,634$1,402$1,229
15 years$2,349$2,011$1,715$1,457$1,235$1,070
16 years$2,180$1,845$1,555$1,305$1,091$935
17 years$2,030$1,699$1,415$1,172$968$820
18 years$1,897$1,570$1,291$1,057$860$720
19 years$1,779$1,455$1,182$955$767$634
20 years$1,672$1,352$1,085$865$685$560
21 years$1,576$1,260$998$785$613$495
22 years$1,488$1,176$920$714$549$438
23 years$1,409$1,100$849$650$493$388
24 years$1,336$1,030$785$593$443$344
25 years$1,268$967$727$541$399$306
26 years$1,207$909$675$495$359$272
27 years$1,150$855$627$453$324$242
28 years$1,097$806$582$415$292$215
29 years$1,047$760$542$381$264$192
30 years$1,001$718$505$349$239$171
31 years$959$679$471$321$216$153
32 years$919$642$439$295$195$136
33 years$881$608$410$271$177$121
34 years$846$576$383$249$160$108
35 years$813$547$358$230$145$97
36 years$781$519$335$211$131$86
37 years$752$493$314$195$119$77
38 years$724$468$294$180$108$69
39 years$698$445$275$166$98$62
40 years$673$424$258$153$89$55
41 years$649$403$242$141$80$49
42 years$626$384$227$130$73$44
43 years$605$366$213$120$66$39
44 years$585$349$200$111$60$35
45 years$565$333$188$102$55$32
46 years$547$317$176$95$50$28
47 years$529$303$166$87$45$25
48 years$512$289$156$81$41$23
49 years$496$276$146$75$37$20
50 years$480$264$137$69$34$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $492,000, adding $5,778 every year, while hoping to spend $39,621 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: 48/46/6 Blend
66$492,000$492,000$492,000$492,000
67$548,144$522,068$514,442$573,327
68$561,898$505,493$489,519$574,596
69$575,728$486,778$462,434$571,299
70$589,598$465,776$433,071$566,781
71$603,470$442,332$401,312$560,940
72$617,299$416,281$367,032$553,667
73$631,036$387,452$330,100$544,842
74$644,623$355,658$290,379$534,338
75$657,997$320,707$247,729$522,020
76$671,084$282,394$202,000$507,741
77$683,805$240,502$153,038$491,344
78$696,068$194,801$100,679$472,660
79$707,771$145,051$44,756$451,509
80$718,800$90,994$0$427,696
81$729,027$32,362$0$401,968
82$738,310$0$0$376,263
83$746,490$0$0$363,243
84$753,389$0$0$365,897
85$758,811$0$0$367,738
86$762,537$0$0$368,648
87$764,322$0$0$368,499
88$763,895$0$0$367,146
89$760,955$0$0$364,428
90$755,168$0$0$360,167
91$746,164$0$0$354,167
92$733,532$0$0$346,208
93$716,815$0$0$336,049
94$695,511$0$0$323,422
95$669,059$0$0$308,029
96$636,840$0$0$289,541
97$598,171$0$0$267,596
98$552,294$0$0$241,791
99$498,370$0$0$211,682
100$435,472$0$0$176,776