Can I retire at age 67 with 371,000?

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 $371,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.4%
1 years$30,637$30,364$30,098$29,838$29,584$28,467
2 years$15,167$14,884$14,611$14,345$14,088$12,975
3 years$10,011$9,727$9,454$9,191$8,938$7,864
4 years$7,433$7,150$6,880$6,622$6,375$5,349
5 years$5,887$5,606$5,339$5,086$4,846$3,871
6 years$4,857$4,578$4,315$4,067$3,834$2,910
7 years$4,121$3,844$3,586$3,344$3,118$2,245
8 years$3,569$3,295$3,041$2,805$2,587$1,764
9 years$3,141$2,869$2,619$2,389$2,179$1,404
10 years$2,798$2,529$2,283$2,060$1,856$1,130
11 years$2,518$2,251$2,010$1,793$1,596$916
12 years$2,284$2,021$1,784$1,572$1,383$747
13 years$2,087$1,826$1,594$1,388$1,206$612
14 years$1,918$1,660$1,432$1,232$1,058$503
15 years$1,772$1,516$1,293$1,099$931$416
16 years$1,644$1,391$1,172$984$823$344
17 years$1,531$1,281$1,067$884$730$285
18 years$1,431$1,184$974$797$649$237
19 years$1,341$1,097$892$720$578$197
20 years$1,261$1,020$818$652$517$164
21 years$1,188$950$753$592$462$137
22 years$1,122$887$694$538$414$114
23 years$1,062$829$640$490$372$95
24 years$1,007$777$592$447$334$79
25 years$956$729$549$408$301$66
26 years$910$685$509$373$271$56
27 years$867$645$472$342$244$46
28 years$827$608$439$313$220$39
29 years$790$573$409$287$199$32
30 years$755$541$381$263$180$27
31 years$723$512$355$242$163$23
32 years$693$484$331$222$147$19
33 years$664$459$309$204$133$16
34 years$638$435$289$188$121$13
35 years$613$412$270$173$109$11
36 years$589$391$253$159$99$9
37 years$567$372$236$147$90$8
38 years$546$353$221$135$81$7
39 years$526$336$207$125$74$5
40 years$507$320$194$115$67$5
41 years$489$304$182$106$61$4
42 years$472$290$171$98$55$3
43 years$456$276$161$91$50$3
44 years$441$263$151$84$45$2
45 years$426$251$141$77$41$2
46 years$412$239$133$71$37$2
47 years$399$228$125$66$34$1
48 years$386$218$117$61$31$1
49 years$374$208$110$56$28$1
50 years$362$199$104$52$25$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $371,000, adding $3,126 every year, while hoping to spend $28,457 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: 42/43/15 Blend
66$371,000$371,000$371,000$371,000
67$412,066$392,403$386,653$427,441
68$423,819$381,353$369,328$427,520
69$435,817$368,808$350,469$424,556
70$448,055$354,664$329,994$420,734
71$460,526$338,812$307,818$415,988
72$473,222$321,137$283,853$410,249
73$486,134$301,515$258,005$403,441
74$499,249$279,819$230,178$395,488
75$512,553$255,911$200,269$386,304
76$526,029$229,646$168,174$375,800
77$539,658$200,872$133,781$363,881
78$553,415$169,427$96,975$350,446
79$567,275$135,141$57,635$335,386
80$581,208$97,833$15,636$318,588
81$595,177$57,313$0$299,928
82$609,144$13,381$0$283,948
83$623,064$0$0$268,812
84$636,885$0$0$268,062
85$650,548$0$0$273,544
86$663,990$0$0$278,898
87$677,136$0$0$284,087
88$689,903$0$0$289,072
89$702,199$0$0$293,811
90$713,920$0$0$298,253
91$724,950$0$0$302,344
92$735,158$0$0$306,024
93$744,400$0$0$309,223
94$752,513$0$0$311,866
95$759,318$0$0$313,868
96$764,614$0$0$315,135
97$768,176$0$0$315,563
98$769,758$0$0$315,036
99$769,083$0$0$313,424
100$765,844$0$0$310,585