Can I retire at age 67 with 434,000?

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 $434,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.5%
1 years$35,839$35,520$35,209$34,905$34,608$34,105
2 years$17,742$17,412$17,092$16,781$16,480$15,974
3 years$11,711$11,379$11,059$10,752$10,456$9,963
4 years$8,695$8,365$8,048$7,746$7,457$6,981
5 years$6,887$6,558$6,246$5,950$5,669$5,211
6 years$5,681$5,355$5,048$4,758$4,485$4,046
7 years$4,821$4,497$4,195$3,912$3,648$3,228
8 years$4,176$3,855$3,557$3,282$3,026$2,625
9 years$3,674$3,356$3,064$2,795$2,549$2,166
10 years$3,273$2,959$2,671$2,409$2,171$1,807
11 years$2,945$2,634$2,352$2,097$1,868$1,521
12 years$2,672$2,364$2,087$1,839$1,618$1,290
13 years$2,441$2,136$1,865$1,624$1,411$1,100
14 years$2,244$1,942$1,675$1,441$1,237$942
15 years$2,072$1,774$1,513$1,286$1,089$810
16 years$1,923$1,628$1,371$1,151$963$699
17 years$1,791$1,499$1,248$1,034$854$605
18 years$1,674$1,385$1,139$932$759$525
19 years$1,569$1,284$1,043$842$676$456
20 years$1,475$1,193$957$763$604$397
21 years$1,390$1,111$880$692$541$347
22 years$1,313$1,037$811$629$485$303
23 years$1,242$970$749$573$435$265
24 years$1,178$909$693$523$391$232
25 years$1,119$853$642$477$352$203
26 years$1,064$802$595$437$317$178
27 years$1,014$754$553$400$286$156
28 years$967$711$514$366$258$137
29 years$924$671$478$336$233$120
30 years$883$633$445$308$210$105
31 years$846$599$415$283$190$93
32 years$810$566$387$260$172$81
33 years$777$536$362$239$156$72
34 years$746$508$338$220$141$63
35 years$717$482$316$203$128$55
36 years$689$458$296$187$116$49
37 years$663$435$277$172$105$43
38 years$639$413$259$158$95$38
39 years$615$393$243$146$86$33
40 years$593$374$228$135$78$29
41 years$572$356$213$124$71$26
42 years$553$339$200$115$64$23
43 years$534$323$188$106$58$20
44 years$516$308$176$98$53$18
45 years$499$293$165$90$48$15
46 years$482$280$155$83$44$14
47 years$467$267$146$77$40$12
48 years$452$255$137$71$36$11
49 years$437$244$129$66$33$9
50 years$424$233$121$61$30$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $434,000, adding $4,900 every year, while hoping to spend $24,508 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: 74/19/7 Blend
66$434,000$434,000$434,000$434,000
67$483,322$460,320$453,593$518,261
68$506,545$456,800$442,712$538,422
69$531,315$452,285$430,646$556,920
70$557,764$446,702$417,327$576,487
71$586,037$439,972$402,689$597,218
72$616,292$432,010$386,658$619,223
73$648,704$422,728$369,161$642,619
74$683,462$412,032$350,118$667,538
75$720,776$399,823$329,448$694,124
76$760,875$385,994$307,065$722,538
77$804,013$370,436$282,880$752,956
78$850,464$353,029$256,798$785,575
79$900,533$333,649$228,723$820,609
80$954,554$312,165$198,551$858,298
81$1,012,893$288,435$166,177$898,904
82$1,075,953$262,314$131,490$942,720
83$1,144,178$233,645$94,372$990,067
84$1,218,053$202,263$54,703$1,041,301
85$1,298,115$167,994$12,356$1,096,813
86$1,384,951$130,654$0$1,157,039
87$1,479,210$90,049$0$1,224,909
88$1,581,601$45,974$0$1,299,644
89$1,692,910$0$0$1,380,917
90$1,813,996$0$0$1,469,758
91$1,945,808$0$0$1,576,948
92$2,089,389$0$0$1,693,726
93$2,245,885$0$0$1,821,027
94$2,416,561$0$0$1,959,880
95$2,602,806$0$0$2,111,420
96$2,806,150$0$0$2,276,893
97$3,028,278$0$0$2,457,673
98$3,271,044$0$0$2,655,271
99$3,536,489$0$0$2,871,352
100$3,826,861$0$0$3,107,748