Can I retire at age 67 with 346,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $346,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.1%
1 years$28,572$28,318$28,070$27,827$27,591$27,011
2 years$14,145$13,881$13,626$13,378$13,138$12,558
3 years$9,336$9,072$8,817$8,572$8,336$7,771
4 years$6,932$6,669$6,416$6,175$5,945$5,402
5 years$5,490$5,228$4,979$4,743$4,519$3,998
6 years$4,529$4,269$4,024$3,793$3,576$3,078
7 years$3,843$3,585$3,344$3,119$2,908$2,433
8 years$3,329$3,073$2,836$2,616$2,413$1,961
9 years$2,929$2,676$2,443$2,228$2,032$1,602
10 years$2,609$2,359$2,130$1,921$1,731$1,324
11 years$2,348$2,100$1,875$1,672$1,489$1,103
12 years$2,130$1,885$1,664$1,466$1,290$926
13 years$1,946$1,703$1,487$1,295$1,125$781
14 years$1,789$1,548$1,336$1,149$986$662
15 years$1,652$1,414$1,206$1,025$868$563
16 years$1,533$1,298$1,093$918$767$480
17 years$1,428$1,195$995$825$680$411
18 years$1,334$1,104$908$743$605$353
19 years$1,251$1,023$831$671$539$303
20 years$1,176$951$763$608$482$261
21 years$1,108$886$702$552$431$224
22 years$1,047$827$647$502$386$194
23 years$991$773$597$457$347$167
24 years$939$725$552$417$312$144
25 years$892$680$512$381$281$125
26 years$849$639$474$348$253$108
27 years$808$601$441$319$228$94
28 years$771$567$410$292$206$81
29 years$737$535$381$268$186$70
30 years$704$505$355$246$168$61
31 years$674$477$331$226$152$53
32 years$646$452$309$207$137$46
33 years$620$428$288$191$124$40
34 years$595$405$269$175$112$34
35 years$572$384$252$161$102$30
36 years$550$365$236$149$92$26
37 years$529$347$221$137$84$23
38 years$509$329$207$126$76$20
39 years$491$313$194$116$69$17
40 years$473$298$181$107$62$15
41 years$456$284$170$99$57$13
42 years$441$270$160$91$51$11
43 years$425$257$150$84$47$10
44 years$411$245$141$78$42$8
45 years$397$234$132$72$38$7
46 years$384$223$124$67$35$6
47 years$372$213$116$61$32$6
48 years$360$203$109$57$29$5
49 years$349$194$103$52$26$4
50 years$338$185$97$48$24$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $346,000, adding $3,847 every year, while hoping to spend $26,743 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: 56/23/21 Blend
66$346,000$346,000$346,000$346,000
67$385,260$366,922$361,559$404,451
68$396,102$356,447$345,217$407,513
69$407,154$344,562$327,431$407,673
70$418,409$331,171$308,125$407,267
71$429,857$316,169$287,218$406,248
72$441,490$299,449$264,627$404,564
73$453,295$280,895$240,265$402,161
74$465,257$260,384$214,040$398,982
75$477,360$237,790$185,857$394,964
76$489,583$212,974$155,616$390,041
77$501,905$185,794$123,213$384,141
78$514,299$156,097$88,540$377,188
79$526,734$123,723$51,483$369,101
80$539,177$88,501$11,924$359,791
81$551,589$50,254$0$349,166
82$563,925$8,791$0$343,910
83$576,136$0$0$340,422
84$588,166$0$0$345,074
85$599,950$0$0$351,783
86$611,418$0$0$358,279
87$622,489$0$0$364,511
88$633,073$0$0$370,424
89$643,070$0$0$375,956
90$652,368$0$0$381,035
91$660,841$0$0$385,585
92$668,349$0$0$389,518
93$674,737$0$0$392,737
94$679,829$0$0$395,135
95$683,433$0$0$396,591
96$685,335$0$0$396,971
97$685,294$0$0$396,128
98$683,046$0$0$393,897
99$678,295$0$0$390,095
100$670,716$0$0$384,521