Can I retire at age 67 with 386,000?

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 $386,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.3%
1 years$31,876$31,592$31,315$31,044$30,780$30,484
2 years$15,780$15,486$15,201$14,925$14,657$14,359
3 years$10,415$10,120$9,836$9,563$9,299$9,008
4 years$7,734$7,440$7,158$6,889$6,632$6,350
5 years$6,125$5,833$5,555$5,292$5,042$4,770
6 years$5,053$4,763$4,489$4,232$3,989$3,728
7 years$4,288$4,000$3,731$3,479$3,244$2,994
8 years$3,714$3,429$3,164$2,919$2,692$2,451
9 years$3,268$2,985$2,725$2,486$2,267$2,037
10 years$2,911$2,631$2,376$2,143$1,931$1,712
11 years$2,619$2,342$2,092$1,865$1,661$1,452
12 years$2,377$2,102$1,856$1,636$1,439$1,240
13 years$2,171$1,900$1,658$1,444$1,255$1,066
14 years$1,995$1,727$1,490$1,282$1,100$920
15 years$1,843$1,578$1,345$1,143$969$798
16 years$1,710$1,448$1,220$1,024$856$695
17 years$1,593$1,333$1,110$920$759$606
18 years$1,489$1,232$1,013$829$675$530
19 years$1,396$1,142$928$749$602$465
20 years$1,312$1,061$851$678$537$409
21 years$1,236$988$783$616$481$360
22 years$1,168$922$722$560$431$317
23 years$1,105$863$666$510$387$280
24 years$1,048$808$616$465$348$247
25 years$995$759$571$425$313$218
26 years$947$713$529$388$282$193
27 years$902$671$492$355$254$171
28 years$860$632$457$326$229$152
29 years$822$596$425$299$207$134
30 years$786$563$396$274$187$119
31 years$752$532$369$252$169$106
32 years$721$504$345$231$153$94
33 years$691$477$322$213$138$83
34 years$664$452$301$196$125$74
35 years$638$429$281$180$114$66
36 years$613$407$263$166$103$58
37 years$590$387$246$153$93$52
38 years$568$367$230$141$85$46
39 years$547$349$216$130$77$41
40 years$528$332$202$120$70$37
41 years$509$316$190$111$63$33
42 years$491$301$178$102$57$29
43 years$475$287$167$94$52$26
44 years$459$274$157$87$47$23
45 years$443$261$147$80$43$20
46 years$429$249$138$74$39$18
47 years$415$238$130$69$35$16
48 years$402$227$122$63$32$14
49 years$389$217$115$59$29$13
50 years$377$207$108$54$26$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $386,000, adding $5,141 every year, while hoping to spend $21,240 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: 25/47/28 Blend
66$386,000$386,000$386,000$386,000
67$430,675$410,217$404,234$437,570
68$452,005$407,718$395,177$441,210
69$474,798$404,386$385,104$442,972
70$499,182$400,155$373,960$444,422
71$525,296$394,960$361,684$445,547
72$553,292$388,729$348,217$446,335
73$583,338$381,386$333,492$446,779
74$615,617$372,853$317,443$446,868
75$650,331$363,044$299,998$446,597
76$687,702$351,870$281,085$445,962
77$727,972$339,236$260,626$444,960
78$771,408$325,042$238,540$443,592
79$818,304$309,182$214,744$441,862
80$868,983$291,543$189,149$439,779
81$923,797$272,007$161,664$437,355
82$983,138$250,449$132,193$434,607
83$1,047,432$226,735$100,636$431,560
84$1,117,151$200,726$66,888$428,244
85$1,192,811$172,272$30,840$424,697
86$1,274,983$141,219$0$420,965
87$1,364,293$107,400$0$419,384
88$1,461,429$70,640$0$427,725
89$1,567,149$30,756$0$436,880
90$1,682,287$0$0$446,983
91$1,807,760$0$0$464,624
92$1,944,580$0$0$501,265
93$2,093,856$0$0$541,305
94$2,256,812$0$0$585,080
95$2,434,796$0$0$632,959
96$2,629,290$0$0$685,351
97$2,841,925$0$0$742,703
98$3,074,500$0$0$805,509
99$3,328,992$0$0$874,314
100$3,607,580$0$0$949,716