Can I retire at age 67 with 408,000?

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 $408,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.3%
1 years$33,692$33,392$33,099$32,814$32,534$31,318
2 years$16,679$16,369$16,068$15,776$15,493$14,281
3 years$11,009$10,697$10,397$10,108$9,829$8,660
4 years$8,175$7,864$7,566$7,282$7,010$5,893
5 years$6,474$6,165$5,872$5,593$5,329$4,267
6 years$5,341$5,034$4,745$4,473$4,217$3,210
7 years$4,532$4,228$3,943$3,677$3,429$2,478
8 years$3,925$3,624$3,344$3,085$2,845$1,948
9 years$3,454$3,155$2,880$2,628$2,396$1,552
10 years$3,077$2,781$2,511$2,265$2,041$1,249
11 years$2,769$2,476$2,211$1,971$1,756$1,013
12 years$2,512$2,222$1,962$1,729$1,521$827
13 years$2,295$2,008$1,753$1,527$1,327$678
14 years$2,109$1,826$1,575$1,355$1,163$558
15 years$1,948$1,668$1,422$1,209$1,024$461
16 years$1,808$1,530$1,289$1,082$905$382
17 years$1,684$1,409$1,173$972$802$317
18 years$1,573$1,302$1,071$876$713$263
19 years$1,475$1,207$980$792$636$219
20 years$1,387$1,121$900$717$568$183
21 years$1,307$1,045$828$651$508$152
22 years$1,234$975$763$592$456$127
23 years$1,168$912$704$539$409$106
24 years$1,108$854$651$491$368$89
25 years$1,052$802$603$449$331$74
26 years$1,001$754$560$410$298$62
27 years$953$709$520$376$269$52
28 years$909$668$483$344$242$44
29 years$869$630$449$316$219$36
30 years$831$595$419$290$198$31
31 years$795$563$390$266$179$26
32 years$762$533$364$244$162$21
33 years$731$504$340$225$146$18
34 years$701$478$318$207$133$15
35 years$674$453$297$190$120$13
36 years$648$430$278$175$109$11
37 years$624$409$260$162$99$9
38 years$600$388$244$149$89$7
39 years$579$369$228$137$81$6
40 years$558$351$214$127$74$5
41 years$538$335$201$117$67$4
42 years$519$319$188$108$61$4
43 years$502$304$177$100$55$3
44 years$485$289$166$92$50$3
45 years$469$276$156$85$45$2
46 years$453$263$146$78$41$2
47 years$439$251$137$72$37$2
48 years$425$240$129$67$34$1
49 years$411$229$121$62$31$1
50 years$398$219$114$57$28$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $408,000, adding $3,719 every year, while hoping to spend $20,925 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: 77/13/10 Blend
66$408,000$408,000$408,000$408,000
67$453,452$431,828$425,504$487,298
68$477,440$430,724$417,494$508,978
69$503,174$428,864$408,515$529,694
70$530,809$426,189$398,512$551,809
71$560,516$422,638$387,427$575,453
72$592,484$418,142$375,201$600,770
73$626,919$412,633$361,772$627,920
74$664,047$406,034$347,073$657,078
75$704,118$398,267$331,038$688,438
76$747,404$389,249$313,594$722,212
77$794,207$378,890$294,667$758,637
78$844,856$367,096$274,179$797,971
79$899,716$353,767$252,048$840,501
80$959,184$338,799$228,189$886,543
81$1,023,701$322,081$202,513$936,444
82$1,093,749$303,493$174,928$990,590
83$1,169,859$282,912$145,336$1,049,403
84$1,252,616$260,206$113,636$1,113,351
85$1,342,662$235,235$79,722$1,182,950
86$1,440,705$207,853$43,484$1,258,769
87$1,547,522$177,903$4,806$1,341,434
88$1,663,970$145,221$0$1,431,638
89$1,790,993$109,634$0$1,534,035
90$1,929,626$70,958$0$1,646,376
91$2,081,012$29,000$0$1,769,091
92$2,246,408$0$0$1,903,217
93$2,427,199$0$0$2,052,253
94$2,624,907$0$0$2,219,786
95$2,841,211$0$0$2,403,091
96$3,077,957$0$0$2,603,734
97$3,337,181$0$0$2,823,442
98$3,621,121$0$0$3,064,116
99$3,932,245$0$0$3,327,848
100$4,273,269$0$0$3,616,943