Can I retire at age 67 with 401,000?

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 $401,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.8%
1 years$33,114$32,819$32,531$32,251$31,976$30,842
2 years$16,393$16,088$15,792$15,505$15,227$14,096
3 years$10,820$10,514$10,218$9,934$9,661$8,569
4 years$8,034$7,729$7,436$7,157$6,890$5,846
5 years$6,363$6,059$5,771$5,497$5,238$4,244
6 years$5,249$4,948$4,664$4,396$4,144$3,201
7 years$4,454$4,155$3,876$3,614$3,370$2,478
8 years$3,858$3,562$3,287$3,032$2,796$1,954
9 years$3,395$3,101$2,831$2,583$2,355$1,561
10 years$3,024$2,734$2,468$2,226$2,006$1,261
11 years$2,721$2,434$2,173$1,937$1,726$1,026
12 years$2,469$2,184$1,928$1,699$1,495$840
13 years$2,256$1,974$1,723$1,500$1,304$691
14 years$2,073$1,794$1,548$1,332$1,143$571
15 years$1,915$1,639$1,398$1,188$1,006$473
16 years$1,777$1,504$1,267$1,064$889$393
17 years$1,655$1,385$1,153$956$789$328
18 years$1,547$1,280$1,053$861$701$273
19 years$1,450$1,186$964$778$625$228
20 years$1,363$1,102$884$705$558$191
21 years$1,284$1,027$813$640$500$160
22 years$1,213$958$750$582$448$134
23 years$1,148$896$692$530$402$112
24 years$1,089$840$640$483$361$94
25 years$1,034$788$593$441$325$79
26 years$983$741$550$403$293$67
27 years$937$697$511$369$264$56
28 years$894$657$475$338$238$47
29 years$854$620$442$310$215$39
30 years$816$585$411$285$194$33
31 years$781$553$384$261$176$28
32 years$749$523$358$240$159$23
33 years$718$496$334$221$144$20
34 years$689$470$312$203$130$17
35 years$662$446$292$187$118$14
36 years$637$423$273$172$107$12
37 years$613$402$256$159$97$10
38 years$590$382$239$146$88$8
39 years$569$363$224$135$80$7
40 years$548$345$210$124$72$6
41 years$529$329$197$115$66$5
42 years$511$313$185$106$59$4
43 years$493$298$173$98$54$4
44 years$476$284$163$90$49$3
45 years$461$271$153$83$44$2
46 years$445$259$144$77$40$2
47 years$431$247$135$71$37$2
48 years$417$236$127$66$33$1
49 years$404$225$119$61$30$1
50 years$392$215$112$56$27$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $401,000, adding $4,523 every year, while hoping to spend $21,553 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: 73/14/13 Blend
66$401,000$401,000$401,000$401,000
67$446,567$425,314$419,099$477,616
68$469,185$423,223$410,207$496,673
69$493,387$420,306$400,294$514,445
70$519,313$416,501$389,304$533,329
71$547,115$411,742$377,177$553,432
72$576,959$405,956$363,852$574,869
73$609,030$399,069$349,262$597,767
74$643,529$391,001$333,340$622,268
75$680,677$381,667$316,014$648,528
76$720,716$370,979$297,211$676,719
77$763,913$358,841$276,851$707,030
78$810,561$345,153$254,855$739,673
79$860,983$329,810$231,137$774,880
80$915,531$312,699$205,608$812,906
81$974,595$293,701$178,176$854,035
82$1,038,603$272,692$148,744$898,580
83$1,108,024$249,537$117,211$946,885
84$1,183,376$224,098$83,471$999,332
85$1,265,228$196,226$47,414$1,056,342
86$1,354,204$165,765$8,926$1,118,380
87$1,450,994$132,548$0$1,185,960
88$1,556,354$96,402$0$1,264,106
89$1,671,118$57,141$0$1,350,598
90$1,796,202$14,571$0$1,444,904
91$1,932,615$0$0$1,547,805
92$2,081,468$0$0$1,665,019
93$2,243,984$0$0$1,795,459
94$2,421,508$0$0$1,937,963
95$2,615,522$0$0$2,093,723
96$2,827,655$0$0$2,264,050
97$3,059,705$0$0$2,450,388
98$3,313,649$0$0$2,654,328
99$3,591,663$0$0$2,877,621
100$3,896,145$0$0$3,122,196