Can I retire at age 67 with 380,000?

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 $380,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.3%
1 years$31,380$31,101$30,828$30,562$30,302$29,285
2 years$15,535$15,245$14,965$14,693$14,429$13,415
3 years$10,254$9,963$9,683$9,414$9,155$8,174
4 years$7,614$7,324$7,047$6,782$6,529$5,591
5 years$6,030$5,742$5,469$5,209$4,963$4,069
6 years$4,975$4,689$4,420$4,166$3,927$3,078
7 years$4,221$3,938$3,673$3,425$3,194$2,390
8 years$3,656$3,375$3,115$2,873$2,650$1,890
9 years$3,217$2,939$2,683$2,447$2,231$1,515
10 years$2,866$2,590$2,339$2,110$1,901$1,227
11 years$2,579$2,306$2,059$1,836$1,635$1,002
12 years$2,340$2,070$1,827$1,610$1,417$823
13 years$2,138$1,871$1,633$1,422$1,236$679
14 years$1,964$1,700$1,467$1,262$1,083$563
15 years$1,815$1,553$1,324$1,126$954$469
16 years$1,684$1,425$1,201$1,008$843$391
17 years$1,568$1,312$1,093$906$747$327
18 years$1,466$1,213$997$816$665$274
19 years$1,374$1,124$913$737$592$229
20 years$1,291$1,044$838$668$529$193
21 years$1,217$973$771$606$473$162
22 years$1,149$908$710$551$424$136
23 years$1,088$849$656$502$381$115
24 years$1,031$796$607$458$342$97
25 years$980$747$562$418$308$81
26 years$932$702$521$382$278$69
27 years$888$661$484$350$250$58
28 years$847$622$450$321$226$49
29 years$809$587$419$294$204$41
30 years$774$555$390$270$184$35
31 years$740$524$364$248$167$29
32 years$710$496$339$228$151$25
33 years$681$470$317$209$136$21
34 years$653$445$296$193$123$18
35 years$628$422$277$177$112$15
36 years$604$401$259$163$101$13
37 years$581$381$242$150$92$11
38 years$559$362$227$139$83$9
39 years$539$344$213$128$75$8
40 years$520$327$199$118$68$6
41 years$501$312$187$109$62$5
42 years$484$297$175$100$56$5
43 years$467$283$164$93$51$4
44 years$451$269$154$86$46$3
45 years$436$257$145$79$42$3
46 years$422$245$136$73$38$2
47 years$409$234$128$67$35$2
48 years$395$223$120$62$32$2
49 years$383$213$113$58$29$1
50 years$371$204$106$53$26$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $380,000, adding $3,016 every year, while hoping to spend $28,091 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: 66/12/22 Blend
66$380,000$380,000$380,000$380,000
67$421,871$401,731$395,841$447,157
68$435,013$391,527$379,213$454,309
69$448,554$379,882$361,087$458,646
70$462,506$366,695$341,382$462,731
71$476,878$351,860$320,015$466,540
72$491,684$335,265$296,899$470,047
73$506,933$316,791$271,943$473,224
74$522,639$296,312$245,052$476,044
75$538,813$273,696$216,126$478,474
76$555,466$248,801$185,060$480,484
77$572,612$221,481$151,748$482,038
78$590,261$191,577$116,075$483,100
79$608,428$158,923$77,923$483,631
80$627,123$123,346$37,169$483,591
81$646,358$84,659$0$482,934
82$666,147$42,668$0$483,100
83$686,501$0$0$491,963
84$707,432$0$0$501,143
85$728,951$0$0$516,373
86$751,071$0$0$532,026
87$773,801$0$0$548,109
88$797,152$0$0$564,630
89$821,134$0$0$581,596
90$845,757$0$0$599,012
91$871,029$0$0$616,884
92$896,957$0$0$635,219
93$923,548$0$0$654,018
94$950,807$0$0$673,287
95$978,737$0$0$693,026
96$1,007,341$0$0$713,237
97$1,036,620$0$0$733,920
98$1,066,570$0$0$755,073
99$1,097,188$0$0$776,691
100$1,128,467$0$0$798,769