Can I retire at age 67 with 355,000?

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 $355,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.1%
1 years$29,316$29,054$28,800$28,551$28,308$28,059
2 years$14,513$14,242$13,980$13,726$13,480$13,229
3 years$9,579$9,308$9,046$8,795$8,552$8,307
4 years$7,113$6,842$6,583$6,336$6,100$5,862
5 years$5,633$5,364$5,109$4,867$4,637$4,408
6 years$4,647$4,380$4,129$3,892$3,669$3,449
7 years$3,943$3,679$3,431$3,200$2,984$2,773
8 years$3,416$3,153$2,910$2,684$2,475$2,273
9 years$3,005$2,745$2,506$2,286$2,085$1,891
10 years$2,677$2,420$2,185$1,971$1,776$1,591
11 years$2,409$2,154$1,924$1,715$1,528$1,351
12 years$2,186$1,934$1,707$1,504$1,324$1,156
13 years$1,997$1,747$1,525$1,328$1,154$994
14 years$1,835$1,588$1,370$1,179$1,012$860
15 years$1,695$1,451$1,237$1,052$891$747
16 years$1,573$1,331$1,122$942$787$651
17 years$1,465$1,226$1,021$846$698$569
18 years$1,369$1,133$932$762$621$498
19 years$1,283$1,050$853$689$553$438
20 years$1,207$976$783$624$494$385
21 years$1,137$909$720$566$442$339
22 years$1,074$848$664$515$396$299
23 years$1,016$793$613$469$356$265
24 years$964$743$567$428$320$234
25 years$915$698$525$391$288$207
26 years$871$656$487$357$259$184
27 years$829$617$452$327$234$163
28 years$791$581$420$299$211$145
29 years$756$549$391$275$190$128
30 years$723$518$364$252$172$114
31 years$692$490$340$231$156$101
32 years$663$463$317$213$141$90
33 years$636$439$296$196$127$80
34 years$610$416$276$180$115$71
35 years$586$394$258$166$104$63
36 years$564$374$242$153$95$57
37 years$543$356$226$141$86$50
38 years$522$338$212$130$78$45
39 years$503$321$199$119$71$40
40 years$485$306$186$110$64$36
41 years$468$291$174$102$58$32
42 years$452$277$164$94$53$28
43 years$437$264$154$87$48$25
44 years$422$252$144$80$43$22
45 years$408$240$135$74$39$20
46 years$394$229$127$68$36$18
47 years$382$219$119$63$32$16
48 years$369$209$112$58$29$14
49 years$358$199$106$54$27$13
50 years$347$190$99$50$24$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $355,000, adding $4,841 every year, while hoping to spend $27,172 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: 38/49/13 Blend
66$355,000$355,000$355,000$355,000
67$396,203$377,388$371,886$409,525
68$407,705$366,970$355,433$409,052
69$419,470$355,130$337,519$405,547
70$431,495$341,770$318,065$401,165
71$443,778$326,787$296,990$395,840
72$456,314$310,070$274,210$389,504
73$469,097$291,504$249,636$382,081
74$482,122$270,963$223,175$373,493
75$495,377$248,320$194,731$363,657
76$508,854$223,436$164,202$352,484
77$522,537$196,165$131,483$339,879
78$536,413$166,353$96,465$325,742
79$550,462$133,840$59,031$309,967
80$564,663$98,452$19,063$292,440
81$578,991$60,008$0$273,041
82$593,418$18,319$0$254,915
83$607,911$0$0$237,688
84$622,431$0$0$233,048
85$636,937$0$0$238,253
86$651,380$0$0$243,405
87$665,704$0$0$248,478
88$679,847$0$0$253,447
89$693,740$0$0$258,280
90$707,304$0$0$262,944
91$720,448$0$0$267,402
92$733,076$0$0$271,609
93$745,074$0$0$275,519
94$756,318$0$0$279,079
95$766,670$0$0$282,228
96$775,974$0$0$284,901
97$784,056$0$0$287,024
98$790,724$0$0$288,515
99$795,763$0$0$289,283
100$798,934$0$0$289,227