Can I retire at age 65 with 280,000?

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 $280,000?

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$23,122$22,916$22,715$22,519$22,328$22,224
2 years$11,447$11,233$11,027$10,826$10,632$10,528
3 years$7,555$7,341$7,135$6,937$6,745$6,643
4 years$5,610$5,397$5,193$4,997$4,811$4,712
5 years$4,443$4,231$4,030$3,839$3,657$3,561
6 years$3,665$3,455$3,257$3,070$2,894$2,802
7 years$3,110$2,901$2,706$2,524$2,353$2,265
8 years$2,694$2,487$2,295$2,117$1,952$1,867
9 years$2,370$2,165$1,977$1,803$1,644$1,562
10 years$2,112$1,909$1,723$1,554$1,401$1,323
11 years$1,900$1,699$1,517$1,353$1,205$1,130
12 years$1,724$1,525$1,346$1,187$1,044$973
13 years$1,575$1,378$1,203$1,048$910$842
14 years$1,447$1,253$1,081$930$798$733
15 years$1,337$1,144$976$829$703$641
16 years$1,241$1,050$885$743$621$562
17 years$1,155$967$805$667$551$495
18 years$1,080$894$735$601$490$437
19 years$1,012$828$673$543$436$386
20 years$952$770$618$492$390$342
21 years$897$717$568$447$349$304
22 years$847$669$523$406$313$270
23 years$802$626$483$370$281$241
24 years$760$586$447$337$252$214
25 years$722$550$414$308$227$191
26 years$687$517$384$282$204$171
27 years$654$487$357$258$184$153
28 years$624$459$331$236$166$137
29 years$596$433$308$217$150$122
30 years$570$409$287$199$136$110
31 years$546$386$268$183$123$98
32 years$523$365$250$168$111$88
33 years$501$346$233$154$100$79
34 years$481$328$218$142$91$71
35 years$462$311$204$131$82$64
36 years$445$295$191$120$75$57
37 years$428$280$178$111$68$51
38 years$412$267$167$102$61$46
39 years$397$253$157$94$56$41
40 years$383$241$147$87$50$37
41 years$369$230$138$80$46$33
42 years$356$219$129$74$42$30
43 years$344$208$121$68$38$27
44 years$333$199$114$63$34$24
45 years$322$189$107$58$31$22
46 years$311$181$100$54$28$20
47 years$301$172$94$50$26$18
48 years$291$165$89$46$23$16
49 years$282$157$83$42$21$14
50 years$273$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 $280,000, adding $2,893 every year, while hoping to spend $21,780 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: 46/39/15 Blend
64$280,000$280,000$280,000$280,000
65$311,544$296,704$292,364$324,424
66$320,148$288,069$278,985$325,037
67$328,899$278,281$264,427$323,264
68$337,790$267,260$248,628$320,867
69$346,811$254,922$231,524$317,796
70$355,952$241,179$213,046$313,999
71$365,198$225,935$193,122$309,420
72$374,535$209,093$171,678$303,999
73$383,945$190,546$148,637$297,672
74$393,407$170,183$123,916$290,370
75$402,900$147,887$97,432$282,021
76$412,396$123,533$69,096$272,547
77$421,864$96,991$38,816$261,865
78$431,272$68,121$6,494$249,885
79$440,581$36,778$0$236,513
80$449,746$2,806$0$226,129
81$458,720$0$0$215,543
82$467,446$0$0$218,189
83$475,863$0$0$221,865
84$483,902$0$0$225,331
85$491,486$0$0$228,546
86$498,527$0$0$231,466
87$504,929$0$0$234,042
88$510,584$0$0$236,218
89$515,371$0$0$237,933
90$519,157$0$0$239,118
91$521,793$0$0$239,696
92$523,112$0$0$239,584
93$522,931$0$0$238,686
94$521,046$0$0$236,898
95$517,228$0$0$234,105
96$511,226$0$0$230,178
97$502,761$0$0$224,974
98$491,524$0$0$218,337
99$477,171$0$0$210,090
100$459,323$0$0$200,041