Can I retire at age 65 with 297,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $297,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.1%
1 years$24,526$24,308$24,094$23,886$23,683$23,475
2 years$12,142$11,915$11,696$11,484$11,278$11,068
3 years$8,014$7,787$7,568$7,358$7,155$6,950
4 years$5,951$5,724$5,508$5,301$5,103$4,905
5 years$4,713$4,488$4,274$4,072$3,879$3,688
6 years$3,888$3,665$3,454$3,256$3,070$2,885
7 years$3,299$3,078$2,870$2,677$2,496$2,320
8 years$2,858$2,638$2,434$2,246$2,071$1,902
9 years$2,514$2,297$2,097$1,913$1,744$1,582
10 years$2,240$2,025$1,828$1,649$1,486$1,331
11 years$2,015$1,802$1,609$1,435$1,278$1,130
12 years$1,829$1,618$1,428$1,259$1,108$967
13 years$1,671$1,462$1,276$1,111$966$832
14 years$1,535$1,329$1,147$986$847$719
15 years$1,418$1,214$1,035$880$745$625
16 years$1,316$1,114$939$788$659$544
17 years$1,226$1,026$854$708$584$476
18 years$1,145$948$780$638$519$417
19 years$1,074$878$714$576$463$366
20 years$1,009$816$655$522$413$322
21 years$951$760$602$474$370$284
22 years$898$710$555$431$332$250
23 years$850$664$513$392$298$221
24 years$806$622$474$358$268$196
25 years$766$584$439$327$241$173
26 years$728$549$407$299$217$154
27 years$694$516$378$273$196$136
28 years$662$486$352$251$176$121
29 years$632$459$327$230$159$107
30 years$605$433$305$211$144$95
31 years$579$410$284$194$130$85
32 years$555$388$265$178$118$75
33 years$532$367$248$164$107$67
34 years$511$348$231$151$96$60
35 years$491$330$216$139$87$53
36 years$472$313$202$128$79$47
37 years$454$298$189$118$72$42
38 years$437$283$177$108$65$38
39 years$421$269$166$100$59$33
40 years$406$256$156$92$54$30
41 years$392$243$146$85$49$27
42 years$378$232$137$79$44$24
43 years$365$221$128$72$40$21
44 years$353$211$121$67$36$19
45 years$341$201$113$62$33$17
46 years$330$192$106$57$30$15
47 years$319$183$100$53$27$13
48 years$309$175$94$49$25$12
49 years$299$167$88$45$22$11
50 years$290$159$83$42$20$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $297,000, adding $4,171 every year, while hoping to spend $20,721 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: 53/42/5 Blend
64$297,000$297,000$297,000$297,000
65$331,596$315,855$311,252$348,587
66$343,372$309,285$299,632$353,981
67$355,655$301,699$286,928$357,209
68$368,474$293,024$273,082$360,213
69$381,861$283,186$258,034$362,976
70$395,852$272,103$241,719$365,480
71$410,484$259,691$224,071$367,705
72$425,797$245,859$205,022$369,633
73$441,836$230,514$184,497$371,243
74$458,648$213,554$162,422$372,515
75$476,284$194,872$138,718$373,428
76$494,802$174,357$113,302$373,961
77$514,261$151,890$86,086$374,094
78$534,728$127,345$56,983$373,805
79$556,275$100,590$25,897$373,072
80$578,981$71,485$0$371,876
81$602,930$39,881$0$370,583
82$628,217$5,623$0$370,286
83$654,942$0$0$369,587
84$683,216$0$0$383,013
85$713,161$0$0$399,998
86$744,908$0$0$418,019
87$778,602$0$0$437,161
88$814,400$0$0$457,516
89$852,477$0$0$479,183
90$893,019$0$0$502,273
91$936,235$0$0$526,906
92$982,352$0$0$553,213
93$1,031,616$0$0$581,340
94$1,084,301$0$0$611,444
95$1,140,705$0$0$643,699
96$1,201,155$0$0$678,295
97$1,266,011$0$0$715,442
98$1,335,664$0$0$755,368
99$1,410,549$0$0$798,326
100$1,491,140$0$0$844,592