Can I retire at age 67 with 419,000?

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 $419,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15%
1 years$34,601$34,292$33,992$33,698$33,412$32,724
2 years$17,129$16,810$16,501$16,201$15,910$15,220
3 years$11,306$10,986$10,677$10,380$10,094$9,424
4 years$8,395$8,076$7,770$7,478$7,199$6,553
5 years$6,649$6,331$6,030$5,744$5,473$4,853
6 years$5,485$5,170$4,873$4,594$4,330$3,738
7 years$4,654$4,342$4,050$3,777$3,522$2,957
8 years$4,031$3,722$3,434$3,168$2,922$2,384
9 years$3,547$3,240$2,958$2,699$2,460$1,949
10 years$3,160$2,856$2,579$2,326$2,096$1,612
11 years$2,843$2,543$2,270$2,024$1,803$1,344
12 years$2,580$2,282$2,015$1,776$1,562$1,128
13 years$2,357$2,062$1,800$1,568$1,362$953
14 years$2,166$1,875$1,617$1,392$1,194$808
15 years$2,001$1,713$1,460$1,241$1,052$688
16 years$1,856$1,571$1,324$1,111$929$587
17 years$1,729$1,447$1,205$998$824$503
18 years$1,616$1,337$1,100$900$733$432
19 years$1,515$1,239$1,007$813$653$371
20 years$1,424$1,152$924$736$583$319
21 years$1,342$1,073$850$668$522$275
22 years$1,267$1,001$783$608$468$238
23 years$1,200$936$723$553$420$205
24 years$1,137$877$669$505$378$178
25 years$1,080$823$620$461$340$154
26 years$1,028$774$575$421$306$133
27 years$979$728$534$386$276$115
28 years$934$686$496$353$249$100
29 years$892$647$462$324$225$87
30 years$853$611$430$297$203$75
31 years$816$578$401$273$184$65
32 years$782$547$374$251$166$57
33 years$750$518$349$231$150$49
34 years$720$491$326$212$136$43
35 years$692$466$305$196$123$37
36 years$665$442$285$180$112$32
37 years$640$420$267$166$101$28
38 years$617$399$250$153$92$24
39 years$594$379$234$141$83$21
40 years$573$361$220$130$75$18
41 years$553$344$206$120$68$16
42 years$533$327$193$111$62$14
43 years$515$312$181$102$56$12
44 years$498$297$170$94$51$10
45 years$481$283$160$87$46$9
46 years$465$270$150$81$42$8
47 years$450$258$141$74$38$7
48 years$436$246$132$69$35$6
49 years$422$235$125$64$32$5
50 years$409$225$117$59$29$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $419,000, adding $6,159 every year, while hoping to spend $29,165 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: 62/11/27 Blend
66$419,000$419,000$419,000$419,000
67$468,091$445,884$439,390$493,385
68$484,805$436,701$423,078$502,097
69$502,246$426,091$405,242$507,888
70$520,458$413,952$385,801$513,584
71$539,488$400,178$364,668$519,180
72$559,386$384,657$341,754$524,674
73$580,206$367,269$316,966$530,062
74$602,010$347,887$290,207$535,344
75$624,859$326,378$261,373$540,519
76$648,825$302,601$230,359$545,590
77$673,982$276,406$197,054$550,560
78$700,414$247,635$161,340$555,433
79$728,208$216,121$123,097$560,219
80$757,463$181,688$82,199$564,928
81$788,283$144,150$38,511$569,574
82$820,784$103,310$0$574,174
83$855,091$58,959$0$581,086
84$891,342$10,879$0$599,992
85$929,684$0$0$619,860
86$970,281$0$0$645,756
87$1,013,310$0$0$674,615
88$1,058,966$0$0$705,251
89$1,107,462$0$0$737,809
90$1,159,030$0$0$772,448
91$1,213,923$0$0$809,341
92$1,272,421$0$0$848,677
93$1,334,828$0$0$890,664
94$1,401,478$0$0$935,530
95$1,472,736$0$0$983,523
96$1,549,005$0$0$1,034,918
97$1,630,724$0$0$1,090,014
98$1,718,376$0$0$1,149,140
99$1,812,489$0$0$1,212,657
100$1,913,646$0$0$1,280,961