Can I retire at age 67 with 404,000?

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 $404,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.5%
1 years$33,362$33,065$32,775$32,492$32,216$32,012
2 years$16,516$16,208$15,910$15,621$15,341$15,136
3 years$10,901$10,592$10,295$10,009$9,733$9,533
4 years$8,094$7,786$7,492$7,211$6,942$6,747
5 years$6,411$6,105$5,814$5,538$5,277$5,089
6 years$5,289$4,985$4,699$4,429$4,175$3,995
7 years$4,488$4,186$3,905$3,641$3,396$3,222
8 years$3,887$3,588$3,311$3,055$2,817$2,651
9 years$3,420$3,124$2,852$2,602$2,372$2,213
10 years$3,047$2,754$2,487$2,243$2,021$1,869
11 years$2,742$2,452$2,189$1,952$1,738$1,593
12 years$2,487$2,201$1,943$1,712$1,507$1,367
13 years$2,273$1,989$1,736$1,512$1,314$1,181
14 years$2,089$1,808$1,560$1,342$1,152$1,025
15 years$1,929$1,651$1,408$1,197$1,014$894
16 years$1,790$1,515$1,277$1,071$896$782
17 years$1,667$1,395$1,162$963$795$686
18 years$1,558$1,289$1,060$868$706$604
19 years$1,461$1,195$971$784$630$533
20 years$1,373$1,110$891$710$562$471
21 years$1,294$1,034$820$644$503$417
22 years$1,222$965$755$586$451$369
23 years$1,157$903$697$534$405$328
24 years$1,097$846$645$487$364$291
25 years$1,042$794$597$444$328$259
26 years$991$746$554$406$295$231
27 years$944$702$514$372$266$206
28 years$900$662$478$341$240$183
29 years$860$624$445$313$217$164
30 years$822$590$415$287$196$146
31 years$787$557$386$263$177$131
32 years$754$527$361$242$160$117
33 years$724$499$337$223$145$104
34 years$695$473$315$205$131$93
35 years$667$449$294$189$119$83
36 years$642$426$275$174$108$75
37 years$617$405$258$160$98$67
38 years$595$385$241$147$88$60
39 years$573$366$226$136$80$54
40 years$552$348$212$125$73$48
41 years$533$331$199$116$66$43
42 years$514$315$186$107$60$38
43 years$497$301$175$99$54$34
44 years$480$286$164$91$49$31
45 years$464$273$154$84$45$28
46 years$449$261$145$78$41$25
47 years$434$249$136$72$37$22
48 years$420$237$128$66$34$20
49 years$407$227$120$61$30$18
50 years$394$217$113$57$28$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $404,000, adding $2,585 every year, while hoping to spend $38,090 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: 49/44/7 Blend
66$404,000$404,000$404,000$404,000
67$447,874$426,462$420,200$468,884
68$453,030$406,832$393,750$463,885
69$457,435$384,962$365,136$454,194
70$460,973$360,705$334,247$442,770
71$463,513$333,900$300,965$429,462
72$464,911$304,381$265,167$414,106
73$465,006$271,970$226,725$396,523
74$463,620$236,480$185,504$376,522
75$460,555$197,713$141,364$353,895
76$455,592$155,461$94,160$328,415
77$448,486$109,503$43,738$299,838
78$438,968$59,604$0$267,900
79$426,738$5,520$0$233,065
80$411,465$0$0$197,806
81$392,781$0$0$184,193
82$370,282$0$0$171,165
83$343,517$0$0$155,805
84$311,989$0$0$137,846
85$275,148$0$0$116,988
86$232,387$0$0$92,903
87$183,033$0$0$65,226
88$126,343$0$0$33,556
89$61,497$0$0$0
90$0$0$0$0
91$0$0$0$0
92$0$0$0$0
93$0$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