Can I retire at age 67 with 388,000?

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 $388,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.1%
1 years$32,041$31,755$31,477$31,205$30,940$30,540
2 years$15,862$15,566$15,280$15,002$14,733$14,331
3 years$10,469$10,173$9,887$9,612$9,347$8,956
4 years$7,774$7,478$7,195$6,925$6,667$6,288
5 years$6,157$5,863$5,584$5,319$5,068$4,703
6 years$5,079$4,787$4,513$4,254$4,010$3,660
7 years$4,310$4,021$3,750$3,497$3,261$2,926
8 years$3,733$3,446$3,180$2,934$2,705$2,385
9 years$3,285$3,001$2,739$2,499$2,278$1,973
10 years$2,926$2,645$2,388$2,154$1,941$1,650
11 years$2,633$2,355$2,102$1,875$1,670$1,392
12 years$2,389$2,113$1,866$1,644$1,447$1,183
13 years$2,183$1,910$1,667$1,452$1,262$1,012
14 years$2,006$1,736$1,498$1,289$1,106$869
15 years$1,853$1,586$1,352$1,149$974$750
16 years$1,719$1,455$1,226$1,029$861$649
17 years$1,601$1,340$1,116$925$763$563
18 years$1,496$1,238$1,018$833$679$490
19 years$1,403$1,148$932$753$605$427
20 years$1,319$1,066$856$682$540$373
21 years$1,243$993$787$619$483$326
22 years$1,174$927$725$563$433$286
23 years$1,111$867$670$512$389$251
24 years$1,053$813$619$467$350$220
25 years$1,000$763$574$427$315$193
26 years$952$717$532$390$283$170
27 years$907$674$494$357$255$149
28 years$865$636$459$327$231$132
29 years$826$600$427$300$208$116
30 years$790$566$398$275$188$102
31 years$756$535$371$253$170$90
32 years$724$506$346$233$154$79
33 years$695$480$323$214$139$70
34 years$667$455$302$197$126$62
35 years$641$431$282$181$114$55
36 years$616$409$264$167$103$48
37 years$593$389$247$154$94$43
38 years$571$369$232$142$85$38
39 years$550$351$217$131$77$33
40 years$530$334$203$120$70$29
41 years$512$318$191$111$63$26
42 years$494$303$179$103$58$23
43 years$477$289$168$95$52$20
44 years$461$275$158$87$47$18
45 years$446$262$148$81$43$16
46 years$431$250$139$75$39$14
47 years$417$239$131$69$35$12
48 years$404$228$123$64$32$11
49 years$391$218$115$59$29$10
50 years$379$208$108$54$27$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $388,000, adding $6,810 every year, while hoping to spend $24,024 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: 36/38/26 Blend
66$388,000$388,000$388,000$388,000
67$434,601$414,037$408,023$446,648
68$453,368$408,763$396,130$450,883
69$473,245$402,426$383,034$452,775
70$494,319$394,948$368,668$454,347
71$516,686$386,246$352,965$455,587
72$540,451$376,235$335,852$456,483
73$565,728$364,821$317,254$457,022
74$592,643$351,908$297,093$457,195
75$621,333$337,393$275,286$456,993
76$651,950$321,165$251,749$456,410
77$684,657$303,111$226,391$455,441
78$719,636$283,108$199,119$454,084
79$757,085$261,026$169,836$452,340
80$797,221$236,730$138,439$450,214
81$840,283$210,075$104,822$447,714
82$886,533$180,909$68,874$444,854
83$936,256$149,071$30,478$441,651
84$989,770$114,391$0$438,131
85$1,047,419$76,689$0$437,238
86$1,109,584$35,775$0$445,312
87$1,176,683$0$0$453,975
88$1,249,175$0$0$466,899
89$1,327,564$0$0$497,094
90$1,412,403$0$0$529,820
91$1,504,304$0$0$565,318
92$1,603,935$0$0$603,852
93$1,712,034$0$0$645,714
94$1,829,410$0$0$691,225
95$1,956,955$0$0$740,737
96$2,095,650$0$0$794,638
97$2,246,573$0$0$853,354
98$2,410,911$0$0$917,356
99$2,589,969$0$0$987,161
100$2,785,186$0$0$1,063,336