Can I retire at age 67 with 383,000?

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 $383,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.4%
1 years$31,628$31,346$31,071$30,803$30,541$30,109
2 years$15,657$15,366$15,083$14,809$14,543$14,109
3 years$10,335$10,042$9,760$9,488$9,227$8,804
4 years$7,674$7,382$7,103$6,836$6,581$6,172
5 years$6,078$5,787$5,512$5,251$5,003$4,610
6 years$5,014$4,726$4,454$4,199$3,958$3,581
7 years$4,254$3,969$3,702$3,452$3,219$2,858
8 years$3,685$3,402$3,139$2,896$2,671$2,326
9 years$3,242$2,962$2,704$2,467$2,249$1,920
10 years$2,888$2,611$2,357$2,126$1,916$1,603
11 years$2,599$2,324$2,075$1,851$1,648$1,350
12 years$2,358$2,086$1,842$1,623$1,428$1,145
13 years$2,154$1,885$1,646$1,433$1,245$977
14 years$1,980$1,714$1,479$1,272$1,092$838
15 years$1,829$1,565$1,335$1,134$961$721
16 years$1,697$1,436$1,210$1,016$850$623
17 years$1,580$1,323$1,101$913$753$539
18 years$1,477$1,222$1,005$823$670$468
19 years$1,385$1,133$920$743$597$407
20 years$1,302$1,053$845$673$533$355
21 years$1,227$981$777$611$477$310
22 years$1,159$915$716$555$428$271
23 years$1,096$856$661$506$384$237
24 years$1,040$802$611$461$345$207
25 years$987$753$566$421$311$182
26 years$939$707$525$385$280$159
27 years$895$666$488$353$252$140
28 years$854$627$453$323$228$123
29 years$815$592$422$296$205$108
30 years$780$559$393$272$186$95
31 years$746$528$366$250$168$84
32 years$715$500$342$230$152$73
33 years$686$473$319$211$137$65
34 years$658$449$298$194$124$57
35 years$633$426$279$179$113$50
36 years$608$404$261$165$102$44
37 years$585$384$244$152$93$39
38 years$564$365$229$140$84$34
39 years$543$347$214$129$76$30
40 years$524$330$201$119$69$27
41 years$505$314$188$110$63$23
42 years$488$299$177$101$57$21
43 years$471$285$166$93$52$18
44 years$455$272$156$86$47$16
45 years$440$259$146$80$42$14
46 years$426$247$137$74$39$12
47 years$412$236$129$68$35$11
48 years$399$225$121$63$32$10
49 years$386$215$114$58$29$9
50 years$374$205$107$54$26$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $383,000, adding $3,303 every year, while hoping to spend $34,000 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: 45/25/30 Blend
66$383,000$383,000$383,000$383,000
67$425,473$405,174$399,238$440,800
68$432,696$388,852$376,436$435,731
69$439,515$370,590$351,732$426,742
70$445,855$350,259$325,024$416,354
71$451,629$327,718$296,209$404,454
72$456,742$302,822$265,178$390,925
73$461,085$275,417$231,818$375,636
74$464,541$245,338$196,009$358,450
75$466,978$212,412$157,628$339,217
76$468,246$176,457$116,546$317,776
77$468,184$137,280$72,627$293,954
78$466,609$94,677$25,730$267,562
79$463,319$48,433$0$238,400
80$458,091$0$0$214,033
81$450,677$0$0$196,199
82$440,800$0$0$190,441
83$428,158$0$0$183,285
84$412,411$0$0$174,561
85$393,186$0$0$164,084
86$370,070$0$0$151,648
87$342,604$0$0$137,024
88$310,283$0$0$119,960
89$272,546$0$0$100,178
90$228,774$0$0$77,370
91$178,282$0$0$51,195
92$120,316$0$0$21,277
93$54,037$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0