Can I retire at age 67 with 303,000?

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 $303,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.5%
1 years$25,021$24,799$24,581$24,369$24,162$23,240
2 years$12,387$12,156$11,933$11,716$11,506$10,588
3 years$8,176$7,944$7,721$7,506$7,300$6,414
4 years$6,071$5,840$5,619$5,408$5,206$4,361
5 years$4,808$4,578$4,361$4,154$3,958$3,154
6 years$3,967$3,739$3,524$3,322$3,132$2,370
7 years$3,366$3,140$2,928$2,731$2,547$1,827
8 years$2,915$2,691$2,484$2,291$2,113$1,435
9 years$2,565$2,343$2,139$1,951$1,779$1,142
10 years$2,285$2,065$1,865$1,682$1,516$918
11 years$2,056$1,839$1,642$1,464$1,304$743
12 years$1,866$1,650$1,457$1,284$1,130$606
13 years$1,704$1,491$1,302$1,134$985$496
14 years$1,566$1,356$1,170$1,006$864$408
15 years$1,447$1,238$1,056$897$760$336
16 years$1,342$1,136$957$804$672$278
17 years$1,250$1,046$871$722$596$230
18 years$1,169$967$795$651$530$191
19 years$1,095$896$728$588$472$159
20 years$1,030$833$668$533$422$132
21 years$970$776$615$483$378$110
22 years$917$724$566$439$338$92
23 years$867$677$523$400$304$77
24 years$822$635$484$365$273$64
25 years$781$595$448$333$246$53
26 years$743$560$416$305$221$45
27 years$708$527$386$279$200$37
28 years$675$496$359$256$180$31
29 years$645$468$334$234$163$26
30 years$617$442$311$215$147$22
31 years$590$418$290$198$133$18
32 years$566$396$270$182$120$15
33 years$543$375$253$167$109$13
34 years$521$355$236$154$98$11
35 years$500$337$221$141$89$9
36 years$481$320$206$130$81$7
37 years$463$304$193$120$73$6
38 years$446$288$181$111$66$5
39 years$430$274$169$102$60$4
40 years$414$261$159$94$55$4
41 years$400$248$149$87$50$3
42 years$386$237$140$80$45$3
43 years$373$225$131$74$41$2
44 years$360$215$123$68$37$2
45 years$348$205$116$63$34$1
46 years$337$195$109$58$31$1
47 years$326$187$102$54$28$1
48 years$315$178$96$50$25$1
49 years$305$170$90$46$23$1
50 years$296$162$85$42$21$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $303,000, adding $2,044 every year, while hoping to spend $22,801 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: 63/28/9 Blend
66$303,000$303,000$303,000$303,000
67$336,014$319,955$315,259$356,412
68$346,028$311,373$301,560$361,704
69$356,298$301,606$286,638$364,640
70$366,828$290,572$270,428$367,266
71$377,619$278,185$252,861$369,551
72$388,672$264,351$233,868$371,462
73$399,987$248,975$213,373$372,965
74$411,564$231,953$191,299$374,022
75$423,401$213,176$167,565$374,592
76$435,496$192,530$142,087$374,632
77$447,845$169,893$114,776$374,095
78$460,444$145,136$85,539$372,933
79$473,286$118,124$54,281$371,092
80$486,363$88,714$20,901$368,514
81$499,664$56,754$0$365,140
82$513,179$22,084$0$362,316
83$526,893$0$0$360,794
84$540,789$0$0$363,265
85$554,847$0$0$372,641
86$569,044$0$0$382,102
87$583,353$0$0$391,628
88$597,745$0$0$401,198
89$612,183$0$0$410,788
90$626,629$0$0$420,369
91$641,036$0$0$429,909
92$655,353$0$0$439,372
93$669,522$0$0$448,717
94$683,476$0$0$457,897
95$697,143$0$0$466,862
96$710,438$0$0$475,552
97$723,267$0$0$483,903
98$735,527$0$0$491,840
99$747,100$0$0$499,282
100$757,854$0$0$506,137