Can I retire at age 67 with 438,000?

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 $438,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.2%
1 years$36,170$35,847$35,533$35,226$34,927$34,750
2 years$17,906$17,572$17,249$16,936$16,632$16,454
3 years$11,819$11,484$11,161$10,851$10,552$10,378
4 years$8,776$8,442$8,123$7,817$7,526$7,357
5 years$6,950$6,618$6,303$6,005$5,721$5,558
6 years$5,734$5,404$5,094$4,802$4,527$4,370
7 years$4,865$4,539$4,233$3,948$3,681$3,530
8 years$4,214$3,890$3,590$3,312$3,054$2,909
9 years$3,708$3,387$3,092$2,821$2,572$2,433
10 years$3,303$2,986$2,696$2,432$2,191$2,058
11 years$2,972$2,658$2,373$2,116$1,885$1,757
12 years$2,697$2,386$2,106$1,856$1,633$1,512
13 years$2,464$2,156$1,882$1,639$1,424$1,308
14 years$2,264$1,960$1,691$1,455$1,248$1,138
15 years$2,092$1,790$1,527$1,297$1,099$994
16 years$1,941$1,643$1,384$1,162$972$871
17 years$1,807$1,513$1,259$1,044$861$766
18 years$1,689$1,398$1,150$941$766$676
19 years$1,584$1,295$1,053$850$683$597
20 years$1,489$1,204$966$770$610$529
21 years$1,403$1,121$888$699$546$469
22 years$1,325$1,047$819$635$489$417
23 years$1,254$979$756$578$439$371
24 years$1,189$917$699$528$395$330
25 years$1,129$861$648$482$355$295
26 years$1,074$809$601$441$320$263
27 years$1,023$761$558$403$288$235
28 years$976$717$519$369$260$210
29 years$932$677$483$339$235$188
30 years$892$639$449$311$212$168
31 years$853$604$419$286$192$150
32 years$818$572$391$262$174$135
33 years$784$541$365$241$157$121
34 years$753$513$341$222$142$108
35 years$723$487$319$204$129$97
36 years$696$462$298$188$117$87
37 years$669$439$279$173$106$78
38 years$645$417$261$160$96$70
39 years$621$397$245$147$87$63
40 years$599$377$230$136$79$57
41 years$578$359$215$125$72$51
42 years$558$342$202$116$65$46
43 years$539$326$190$107$59$41
44 years$520$311$178$99$54$37
45 years$503$296$167$91$49$33
46 years$487$283$157$84$44$30
47 years$471$270$147$78$40$27
48 years$456$257$138$72$36$24
49 years$441$246$130$66$33$22
50 years$428$235$122$61$30$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $438,000, adding $4,459 every year, while hoping to spend $21,877 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: 68/9/23 Blend
66$438,000$438,000$438,000$438,000
67$487,275$464,061$457,272$517,278
68$513,701$463,524$449,314$537,409
69$542,088$462,226$440,356$556,489
70$572,614$460,109$430,341$576,845
71$605,474$457,107$419,211$598,604
72$640,881$453,154$406,903$621,903
73$679,070$448,177$393,353$646,897
74$720,297$442,100$378,493$673,755
75$764,847$434,842$362,252$702,664
76$813,029$426,318$344,555$733,833
77$865,187$416,436$325,326$767,491
78$921,695$405,100$304,484$803,890
79$982,967$392,210$281,943$843,312
80$1,049,458$377,656$257,616$886,064
81$1,121,667$361,325$231,411$932,491
82$1,200,143$343,097$203,230$982,968
83$1,285,493$322,844$172,973$1,037,913
84$1,378,381$300,430$140,535$1,097,788
85$1,479,539$275,714$105,806$1,163,101
86$1,589,772$248,545$68,671$1,234,415
87$1,709,969$218,763$29,011$1,312,350
88$1,841,103$186,200$0$1,397,593
89$1,984,250$150,678$0$1,494,168
90$2,140,591$112,010$0$1,607,453
91$2,311,429$69,995$0$1,731,279
92$2,498,195$24,426$0$1,866,699
93$2,702,469$0$0$2,014,873
94$2,925,986$0$0$2,179,550
95$3,170,660$0$0$2,362,487
96$3,438,596$0$0$2,562,843
97$3,732,115$0$0$2,782,356
98$4,053,770$0$0$3,022,940
99$4,406,375$0$0$3,286,702
100$4,793,028$0$0$3,575,964