Can I retire at age 65 with 282,000?

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 $282,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.7%
1 years$23,287$23,080$22,877$22,680$22,487$22,051
2 years$11,528$11,314$11,106$10,904$10,708$10,271
3 years$7,609$7,394$7,186$6,986$6,794$6,368
4 years$5,650$5,435$5,230$5,033$4,845$4,435
5 years$4,475$4,261$4,058$3,866$3,683$3,290
6 years$3,692$3,480$3,280$3,092$2,914$2,538
7 years$3,132$2,922$2,726$2,542$2,370$2,011
8 years$2,713$2,505$2,311$2,132$1,966$1,624
9 years$2,387$2,181$1,991$1,816$1,656$1,331
10 years$2,127$1,922$1,736$1,566$1,411$1,102
11 years$1,914$1,711$1,528$1,363$1,213$921
12 years$1,736$1,536$1,356$1,195$1,052$775
13 years$1,586$1,388$1,212$1,055$917$655
14 years$1,458$1,262$1,089$937$804$557
15 years$1,347$1,153$983$835$708$475
16 years$1,249$1,058$891$748$626$406
17 years$1,164$974$811$672$555$349
18 years$1,088$900$740$606$493$300
19 years$1,020$834$678$547$440$258
20 years$958$775$622$496$393$223
21 years$903$722$572$450$351$193
22 years$853$674$527$409$315$167
23 years$807$630$487$372$283$144
24 years$765$591$450$340$254$125
25 years$727$554$417$310$229$109
26 years$692$521$387$284$206$94
27 years$659$490$359$260$186$82
28 years$629$462$334$238$168$71
29 years$600$436$311$218$151$62
30 years$574$412$289$200$137$54
31 years$549$389$270$184$124$47
32 years$527$368$252$169$112$41
33 years$505$349$235$155$101$35
34 years$485$330$220$143$92$31
35 years$466$313$205$132$83$27
36 years$448$297$192$121$75$23
37 years$431$282$180$112$68$20
38 years$415$268$168$103$62$18
39 years$400$255$158$95$56$15
40 years$386$243$148$88$51$13
41 years$372$231$139$81$46$12
42 years$359$220$130$75$42$10
43 years$347$210$122$69$38$9
44 years$335$200$115$64$34$8
45 years$324$191$108$59$31$7
46 years$313$182$101$54$28$6
47 years$303$174$95$50$26$5
48 years$293$166$89$46$23$4
49 years$284$158$84$43$21$4
50 years$275$151$79$40$19$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $282,000, adding $6,568 every year, while hoping to spend $21,545 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: 77/16/7 Blend
64$282,000$282,000$282,000$282,000
65$317,539$302,593$298,222$341,205
66$327,004$294,496$285,289$349,577
67$336,713$285,281$271,200$355,314
68$346,667$274,869$255,895$360,971
69$356,868$263,178$239,308$366,533
70$367,317$250,123$221,373$371,981
71$378,014$235,610$202,020$377,295
72$388,960$219,543$181,176$382,453
73$400,152$201,818$158,763$387,431
74$411,588$182,328$134,703$392,202
75$423,265$160,958$108,911$396,741
76$435,179$137,585$81,300$401,014
77$447,324$112,083$51,780$404,991
78$459,691$84,316$20,255$408,634
79$472,272$54,140$0$411,905
80$485,056$21,405$0$415,762
81$498,030$0$0$420,838
82$511,176$0$0$428,051
83$524,478$0$0$439,158
84$537,913$0$0$450,373
85$551,456$0$0$461,673
86$565,079$0$0$473,036
87$578,749$0$0$484,432
88$592,428$0$0$495,830
89$606,074$0$0$507,192
90$619,638$0$0$518,479
91$633,065$0$0$529,642
92$646,294$0$0$540,630
93$659,256$0$0$551,383
94$671,871$0$0$561,835
95$684,052$0$0$571,910
96$695,700$0$0$581,526
97$706,706$0$0$590,587
98$716,945$0$0$598,990
99$726,281$0$0$606,617
100$734,560$0$0$613,337