Can I Retire at 67?
Full retirement age for anyone born in 1960 or later: the first date you can claim 100% of your Social Security benefit with no earnings test on anything you go on to earn. Plan to 95 and that is a 28-year horizon — which is the number that decides everything else on this page.
What each balance supports to age 95
The middle column is the largest monthly withdrawal that survives 28 years at 5% returns and 2.5% inflation, rising with inflation each year. The right-hand column adds an average Social Security benefit once it starts.
| Balance | Sustainable for 28 years (to 95) | Plus average Social Security from 67 |
|---|---|---|
| $300,000 | $1,234/mo | $3,210/mo |
| $500,000 | $2,057/mo | $4,033/mo |
| $750,000 | $3,085/mo | $5,061/mo |
| $1,000,000 | $4,113/mo | $6,089/mo |
| $1,500,000 | $6,170/mo | $8,146/mo |
| $2,000,000 | $8,227/mo | $10,203/mo |
Getting at your money at 67
All accounts available. Required minimum distributions are still six years away at 73, which makes 67 to 72 the last good window for Roth conversions before the IRS starts forcing withdrawals.
Health insurance
Medicare is already running. The live issue is IRMAA — the income-tested surcharge on Part B and Part D premiums — which is assessed on your income from two years prior and steps up in cliffs rather than tapering.
Social Security at 67
You receive 100% of your full benefit, and there is no earnings test, so you can work as much as you like without any reduction. Delaying further still adds 8% a year up to 70.
The withdrawal rate that fits a 28-year retirement
A 28-year horizon supports the classic 4% rule with reasonable confidence. The main risk shifts from running out of money to spending too cautiously and dying with most of it unspent.
Sequence-of-returns risk is the reason the rate has to come down rather than the arithmetic average of returns. Two retirees with identical average returns end up in very different places depending on whether the bad years land early or late, because early losses are crystallised by the withdrawals taken during them. The standard defences are holding one to two years of spending in cash, trimming discretionary spending roughly 10% after a bad year, and keeping some part-time income available in the first five years.
Frequently asked questions
How much money do I need to retire at 67?
Enough to cover your spending gap for 28 years. At a 4% withdrawal rate — appropriate for that horizon — every $100,000 supports about $333 a month. To produce $3,000 a month from savings alone you would need roughly $729,000; add an average Social Security benefit from 67 and the requirement drops sharply.
What is a safe withdrawal rate at 67?
Around 4% for a 28-year horizon. The familiar 4% rule was calibrated on 30 years, so a shorter retirement can support a somewhat higher one. On $750,000 the calculator puts the sustainable figure at about $3,085 a month.
Can I access my 401(k) at 67?
All accounts available. Required minimum distributions are still six years away at 73, which makes 67 to 72 the last good window for Roth conversions before the IRS starts forcing withdrawals.
What about health insurance at 67?
Medicare is already running. The live issue is IRMAA — the income-tested surcharge on Part B and Part D premiums — which is assessed on your income from two years prior and steps up in cliffs rather than tapering.
Other retirement ages
Related
SavingsLast calculators are educational estimates. They assume a constant average return and steady inflation; real markets are volatile and sequence-of-returns risk can shorten how long money lasts. Nothing here is financial, investment, tax, or legal advice. Consult a qualified professional before making decisions.