Can I retire at age 67 with 407,000?

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 $407,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.1%
1 years$33,610$33,310$33,018$32,733$32,455$31,266
2 years$16,638$16,329$16,028$15,737$15,455$14,270
3 years$10,982$10,671$10,371$10,083$9,805$8,662
4 years$8,155$7,844$7,548$7,264$6,993$5,900
5 years$6,458$6,150$5,857$5,580$5,316$4,277
6 years$5,328$5,022$4,734$4,462$4,206$3,221
7 years$4,521$4,217$3,934$3,668$3,421$2,489
8 years$3,916$3,615$3,336$3,077$2,838$1,959
9 years$3,446$3,148$2,873$2,621$2,390$1,563
10 years$3,069$2,774$2,505$2,260$2,036$1,259
11 years$2,762$2,470$2,205$1,966$1,751$1,023
12 years$2,506$2,217$1,957$1,725$1,518$836
13 years$2,289$2,003$1,749$1,523$1,323$686
14 years$2,104$1,821$1,571$1,352$1,160$566
15 years$1,943$1,664$1,419$1,206$1,021$468
16 years$1,803$1,526$1,286$1,079$903$388
17 years$1,679$1,406$1,170$970$800$322
18 years$1,570$1,299$1,068$874$712$268
19 years$1,471$1,204$978$790$634$224
20 years$1,383$1,119$898$715$567$187
21 years$1,304$1,042$826$649$507$156
22 years$1,231$973$761$590$455$130
23 years$1,165$910$703$538$408$109
24 years$1,105$852$650$490$367$91
25 years$1,049$800$602$448$330$77
26 years$998$752$558$409$297$64
27 years$951$707$518$375$268$54
28 years$907$667$482$343$242$45
29 years$866$629$448$315$218$38
30 years$828$594$418$289$197$32
31 years$793$561$389$265$178$27
32 years$760$531$363$244$161$22
33 years$729$503$339$224$146$19
34 years$700$477$317$206$132$16
35 years$672$452$296$190$120$13
36 years$646$429$277$175$108$11
37 years$622$408$259$161$98$9
38 years$599$387$243$149$89$8
39 years$577$368$228$137$81$7
40 years$556$351$213$126$73$5
41 years$537$334$200$117$67$5
42 years$518$318$188$108$60$4
43 years$500$303$176$99$55$3
44 years$484$289$165$92$50$3
45 years$467$275$155$85$45$2
46 years$452$263$146$78$41$2
47 years$438$251$137$72$37$2
48 years$424$239$129$67$34$1
49 years$410$228$121$62$31$1
50 years$397$218$114$57$28$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $407,000, adding $2,501 every year, while hoping to spend $34,534 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: 75/15/10 Blend
66$407,000$407,000$407,000$407,000
67$451,094$429,523$423,214$483,929
68$460,361$413,825$400,648$490,215
69$469,417$396,202$376,168$492,497
70$478,202$376,520$349,675$494,028
71$486,652$354,643$321,062$494,719
72$494,694$330,423$290,221$494,478
73$502,245$303,707$257,036$493,200
74$509,215$274,330$221,388$490,772
75$515,502$242,119$183,151$487,069
76$520,992$206,891$142,195$481,957
77$525,559$168,455$98,384$475,284
78$529,061$126,604$51,576$466,890
79$531,343$81,125$1,621$456,594
80$532,229$31,789$0$444,201
81$531,526$0$0$435,012
82$529,019$0$0$427,393
83$524,470$0$0$423,323
84$517,613$0$0$417,336
85$508,157$0$0$409,190
86$495,774$0$0$398,616
87$480,106$0$0$385,316
88$460,754$0$0$368,959
89$437,275$0$0$349,180
90$409,181$0$0$325,576
91$375,932$0$0$297,698
92$336,930$0$0$265,052
93$291,512$0$0$227,092
94$238,949$0$0$183,213
95$178,432$0$0$132,746
96$109,069$0$0$74,953
97$29,872$0$0$9,018
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0