Can I retire at age 67 with 328,000?

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 $328,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.6%
1 years$27,086$26,845$26,609$26,380$26,155$25,348
2 years$13,409$13,159$12,917$12,682$12,455$11,649
3 years$8,850$8,600$8,358$8,126$7,902$7,122
4 years$6,572$6,322$6,083$5,854$5,636$4,888
5 years$5,205$4,956$4,720$4,497$4,284$3,571
6 years$4,294$4,047$3,815$3,596$3,390$2,712
7 years$3,643$3,399$3,170$2,956$2,757$2,114
8 years$3,156$2,913$2,688$2,480$2,287$1,678
9 years$2,777$2,537$2,316$2,112$1,926$1,351
10 years$2,474$2,236$2,019$1,821$1,641$1,099
11 years$2,226$1,991$1,777$1,585$1,411$901
12 years$2,020$1,787$1,577$1,390$1,223$744
13 years$1,845$1,615$1,409$1,227$1,067$617
14 years$1,696$1,468$1,266$1,089$935$514
15 years$1,566$1,341$1,143$972$823$430
16 years$1,453$1,230$1,036$870$728$360
17 years$1,353$1,133$943$782$645$303
18 years$1,265$1,047$861$704$574$255
19 years$1,186$970$788$636$511$215
20 years$1,115$901$723$576$457$181
21 years$1,051$840$665$523$409$153
22 years$992$784$613$476$366$130
23 years$939$733$566$433$329$110
24 years$890$687$524$395$296$93
25 years$846$645$485$361$266$79
26 years$804$606$450$330$240$67
27 years$766$570$418$302$216$57
28 years$731$537$388$277$195$48
29 years$698$507$361$254$176$41
30 years$668$479$337$233$159$35
31 years$639$452$314$214$144$29
32 years$612$428$293$197$130$25
33 years$587$405$273$181$118$21
34 years$564$384$255$166$107$18
35 years$542$364$239$153$97$15
36 years$521$346$223$141$87$13
37 years$501$329$209$130$79$11
38 years$483$312$196$120$72$9
39 years$465$297$183$110$65$8
40 years$448$282$172$102$59$7
41 years$433$269$161$94$54$6
42 years$418$256$151$87$49$5
43 years$403$244$142$80$44$4
44 years$390$233$133$74$40$4
45 years$377$222$125$68$36$3
46 years$364$212$117$63$33$3
47 years$353$202$110$58$30$2
48 years$341$193$104$54$27$2
49 years$331$184$97$50$25$2
50 years$320$176$92$46$22$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $328,000, adding $5,433 every year, while hoping to spend $28,717 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: 63/17/20 Blend
66$328,000$328,000$328,000$328,000
67$367,060$349,676$344,592$387,976
68$373,946$336,256$325,581$389,300
69$380,571$321,215$304,971$387,034
70$386,879$304,445$282,678$383,894
71$392,807$285,828$258,613$379,796
72$398,283$265,244$232,687$374,652
73$403,228$242,561$204,802$368,362
74$407,553$217,642$174,859$360,822
75$411,161$190,344$142,753$351,914
76$413,940$160,512$108,377$341,512
77$415,769$127,984$71,615$329,481
78$416,513$92,591$32,349$315,670
79$416,020$54,150$0$299,917
80$414,123$12,472$0$284,085
81$410,636$0$0$273,441
82$405,353$0$0$266,999
83$398,045$0$0$261,472
84$388,460$0$0$254,348
85$376,315$0$0$245,433
86$361,302$0$0$234,511
87$343,074$0$0$221,343
88$321,253$0$0$205,663
89$295,416$0$0$187,178
90$265,098$0$0$165,565
91$229,784$0$0$140,465
92$188,902$0$0$111,483
93$141,825$0$0$78,179
94$87,857$0$0$40,072
95$26,228$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0