Can I retire at age 65 with 279,000?

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 $279,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.1%
1 years$23,040$22,834$22,634$22,439$22,248$22,145
2 years$11,406$11,193$10,987$10,788$10,594$10,490
3 years$7,528$7,315$7,110$6,912$6,721$6,620
4 years$5,590$5,377$5,174$4,980$4,794$4,695
5 years$4,427$4,216$4,015$3,825$3,644$3,549
6 years$3,652$3,443$3,245$3,059$2,883$2,792
7 years$3,099$2,891$2,697$2,515$2,345$2,257
8 years$2,684$2,478$2,287$2,110$1,945$1,860
9 years$2,362$2,158$1,970$1,797$1,638$1,557
10 years$2,104$1,902$1,717$1,549$1,396$1,318
11 years$1,893$1,693$1,512$1,348$1,201$1,126
12 years$1,718$1,520$1,342$1,182$1,040$969
13 years$1,569$1,373$1,199$1,044$907$839
14 years$1,442$1,248$1,077$927$795$730
15 years$1,332$1,140$972$826$700$639
16 years$1,236$1,046$882$740$619$560
17 years$1,151$964$802$665$549$493
18 years$1,076$890$732$599$488$435
19 years$1,009$825$670$541$435$385
20 years$948$767$615$490$388$341
21 years$894$714$566$445$348$303
22 years$844$667$522$405$312$269
23 years$799$624$482$368$280$240
24 years$757$584$445$336$251$214
25 years$719$548$413$307$226$191
26 years$684$515$383$281$204$170
27 years$652$485$355$257$184$152
28 years$622$457$330$235$166$136
29 years$594$431$307$216$150$122
30 years$568$407$286$198$135$109
31 years$544$385$267$182$122$98
32 years$521$364$249$167$111$88
33 years$500$345$233$154$100$79
34 years$480$327$217$141$91$71
35 years$461$310$203$130$82$63
36 years$443$294$190$120$74$57
37 years$426$279$178$110$67$51
38 years$411$266$167$102$61$46
39 years$396$253$156$94$55$41
40 years$381$240$146$87$50$37
41 years$368$229$137$80$46$33
42 years$355$218$129$74$41$30
43 years$343$208$121$68$38$27
44 years$331$198$113$63$34$24
45 years$320$189$106$58$31$22
46 years$310$180$100$54$28$20
47 years$300$172$94$50$26$18
48 years$290$164$88$46$23$16
49 years$281$157$83$42$21$14
50 years$272$150$78$39$19$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $279,000, adding $4,988 every year, while hoping to spend $21,373 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: 77/8/15 Blend
64$279,000$279,000$279,000$279,000
65$312,603$297,816$293,492$335,297
66$321,748$289,668$280,583$342,812
67$331,109$280,405$266,525$347,861
68$340,686$269,949$251,258$352,808
69$350,478$258,218$234,717$357,635
70$360,483$245,127$216,836$362,322
71$370,697$230,583$197,545$366,849
72$381,116$214,490$176,771$371,192
73$391,735$196,745$154,438$375,328
74$402,548$177,241$130,467$379,227
75$413,545$155,863$104,775$382,862
76$424,717$132,491$77,275$386,201
77$436,052$106,997$47,878$389,207
78$447,535$79,245$16,488$391,844
79$459,150$49,095$0$394,071
80$470,878$16,395$0$398,564
81$482,697$0$0$405,546
82$494,580$0$0$414,014
83$506,499$0$0$423,949
84$518,420$0$0$433,881
85$530,305$0$0$443,776
86$542,111$0$0$453,598
87$553,789$0$0$463,306
88$565,284$0$0$472,852
89$576,535$0$0$482,184
90$587,471$0$0$491,242
91$598,015$0$0$499,961
92$608,079$0$0$508,265
93$617,565$0$0$516,071
94$626,363$0$0$523,286
95$634,352$0$0$529,807
96$641,396$0$0$535,517
97$647,341$0$0$540,286
98$652,019$0$0$543,972
99$655,242$0$0$546,414
100$656,800$0$0$547,434