Can I retire at age 67 with 408,000?

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 $408,000?

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$33,692$33,392$33,099$32,814$32,534$31,380
2 years$16,679$16,369$16,068$15,776$15,493$14,342
3 years$11,009$10,697$10,397$10,108$9,829$8,718
4 years$8,175$7,864$7,566$7,282$7,010$5,948
5 years$6,474$6,165$5,872$5,593$5,329$4,318
6 years$5,341$5,034$4,745$4,473$4,217$3,257
7 years$4,532$4,228$3,943$3,677$3,429$2,521
8 years$3,925$3,624$3,344$3,085$2,845$1,988
9 years$3,454$3,155$2,880$2,628$2,396$1,589
10 years$3,077$2,781$2,511$2,265$2,041$1,283
11 years$2,769$2,476$2,211$1,971$1,756$1,044
12 years$2,512$2,222$1,962$1,729$1,521$855
13 years$2,295$2,008$1,753$1,527$1,327$703
14 years$2,109$1,826$1,575$1,355$1,163$581
15 years$1,948$1,668$1,422$1,209$1,024$482
16 years$1,808$1,530$1,289$1,082$905$400
17 years$1,684$1,409$1,173$972$802$333
18 years$1,573$1,302$1,071$876$713$278
19 years$1,475$1,207$980$792$636$232
20 years$1,387$1,121$900$717$568$194
21 years$1,307$1,045$828$651$508$163
22 years$1,234$975$763$592$456$136
23 years$1,168$912$704$539$409$114
24 years$1,108$854$651$491$368$96
25 years$1,052$802$603$449$331$81
26 years$1,001$754$560$410$298$68
27 years$953$709$520$376$269$57
28 years$909$668$483$344$242$48
29 years$869$630$449$316$219$40
30 years$831$595$419$290$198$34
31 years$795$563$390$266$179$28
32 years$762$533$364$244$162$24
33 years$731$504$340$225$146$20
34 years$701$478$318$207$133$17
35 years$674$453$297$190$120$14
36 years$648$430$278$175$109$12
37 years$624$409$260$162$99$10
38 years$600$388$244$149$89$8
39 years$579$369$228$137$81$7
40 years$558$351$214$127$74$6
41 years$538$335$201$117$67$5
42 years$519$319$188$108$61$4
43 years$502$304$177$100$55$4
44 years$485$289$166$92$50$3
45 years$469$276$156$85$45$3
46 years$453$263$146$78$41$2
47 years$439$251$137$72$37$2
48 years$425$240$129$67$34$2
49 years$411$229$121$62$31$1
50 years$398$219$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 $408,000, adding $2,972 every year, while hoping to spend $34,067 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: 74/16/10 Blend
66$408,000$408,000$408,000$408,000
67$452,682$431,058$424,734$485,132
68$462,608$415,932$402,715$491,820
69$472,405$398,924$378,817$494,584
70$482,024$379,905$352,941$496,663
71$491,409$358,739$324,983$497,980
72$500,498$335,283$294,836$498,448
73$509,222$309,384$262,386$497,974
74$517,502$280,884$227,515$496,454
75$525,252$249,611$190,101$493,777
76$532,373$215,388$150,015$489,821
77$538,758$178,024$107,123$484,450
78$544,284$137,321$61,285$477,518
79$548,817$93,065$12,354$468,865
80$552,206$45,036$0$458,314
81$554,285$0$0$449,928
82$554,866$0$0$442,158
83$553,745$0$0$440,918
84$550,691$0$0$438,092
85$545,450$0$0$433,472
86$537,740$0$0$426,827
87$527,248$0$0$417,903
88$513,628$0$0$406,417
89$496,495$0$0$392,054
90$475,425$0$0$374,467
91$449,947$0$0$353,273
92$419,540$0$0$328,047
93$383,628$0$0$298,318
94$341,573$0$0$263,566
95$292,672$0$0$223,216
96$236,145$0$0$176,633
97$171,131$0$0$123,113
98$96,680$0$0$61,882
99$11,739$0$0$0
100$0$0$0$0