Can I retire at age 67 with 429,000?

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 $429,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.8%
1 years$35,426$35,111$34,803$34,502$34,209$33,127
2 years$17,538$17,211$16,895$16,588$16,290$15,210
3 years$11,576$11,248$10,932$10,628$10,335$9,291
4 years$8,595$8,268$7,956$7,657$7,371$6,370
5 years$6,807$6,482$6,174$5,881$5,603$4,649
6 years$5,616$5,293$4,989$4,703$4,434$3,526
7 years$4,765$4,445$4,146$3,867$3,606$2,745
8 years$4,128$3,811$3,516$3,244$2,991$2,177
9 years$3,632$3,318$3,029$2,763$2,519$1,751
10 years$3,235$2,924$2,640$2,382$2,146$1,422
11 years$2,911$2,603$2,325$2,073$1,846$1,165
12 years$2,641$2,337$2,063$1,818$1,600$960
13 years$2,413$2,112$1,843$1,605$1,395$796
14 years$2,218$1,919$1,656$1,425$1,223$662
15 years$2,049$1,753$1,495$1,271$1,077$552
16 years$1,901$1,609$1,356$1,138$952$462
17 years$1,770$1,482$1,234$1,022$844$388
18 years$1,654$1,369$1,126$921$750$326
19 years$1,551$1,269$1,031$832$669$275
20 years$1,458$1,179$946$754$597$231
21 years$1,374$1,098$870$684$534$195
22 years$1,298$1,025$802$622$479$165
23 years$1,228$959$741$567$430$139
24 years$1,165$898$685$517$387$118
25 years$1,106$843$634$472$348$100
26 years$1,052$792$588$432$313$85
27 years$1,002$746$546$395$282$72
28 years$956$703$508$362$255$61
29 years$913$663$473$332$230$51
30 years$873$626$440$305$208$44
31 years$836$592$410$280$188$37
32 years$801$560$383$257$170$31
33 years$768$530$358$236$154$27
34 years$738$503$334$218$139$23
35 years$709$477$312$200$126$19
36 years$681$452$292$184$114$16
37 years$656$430$273$170$104$14
38 years$631$408$256$157$94$12
39 years$608$388$240$144$85$10
40 years$587$369$225$133$77$8
41 years$566$352$211$123$70$7
42 years$546$335$198$113$64$6
43 years$527$319$186$105$58$5
44 years$510$304$174$97$52$4
45 years$493$290$164$89$48$4
46 years$477$277$154$82$43$3
47 years$461$264$144$76$39$3
48 years$446$252$136$70$36$2
49 years$432$241$128$65$32$2
50 years$419$230$120$60$29$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $429,000, adding $3,394 every year, while hoping to spend $21,308 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: 56/32/12 Blend
66$429,000$429,000$429,000$429,000
67$476,259$453,522$446,872$501,299
68$502,166$453,073$439,171$518,192
69$530,001$451,888$430,498$533,951
70$559,939$449,908$420,797$550,615
71$592,170$447,071$410,011$568,274
72$626,906$443,312$398,081$587,029
73$664,376$438,560$384,942$606,989
74$704,833$432,741$370,529$628,280
75$748,558$425,776$354,773$651,037
76$795,855$417,583$337,602$675,414
77$847,061$408,074$318,941$701,578
78$902,546$397,154$298,710$729,717
79$962,716$384,725$276,828$760,038
80$1,028,020$370,683$253,208$792,772
81$1,098,948$354,917$227,760$828,175
82$1,176,042$337,309$200,392$866,528
83$1,259,897$317,736$171,004$908,147
84$1,351,168$296,067$139,494$953,378
85$1,450,576$272,163$105,756$1,002,606
86$1,558,914$245,878$69,678$1,056,259
87$1,677,054$217,057$31,143$1,114,807
88$1,805,957$185,536$0$1,178,775
89$1,946,680$151,143$0$1,250,018
90$2,100,387$113,695$0$1,332,239
91$2,268,359$72,998$0$1,422,170
92$2,452,007$28,851$0$1,520,615
93$2,652,884$0$0$1,628,458
94$2,872,699$0$0$1,753,358
95$3,113,337$0$0$1,901,248
96$3,376,869$0$0$2,063,247
97$3,665,579$0$0$2,240,765
98$3,981,983$0$0$2,435,351
99$4,328,849$0$0$2,648,716
100$4,709,228$0$0$2,882,740