Can I retire at age 65 with 349,000?

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 $349,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.5%
1 years$28,820$28,563$28,313$28,068$27,830$26,768
2 years$14,267$14,002$13,744$13,494$13,252$12,195
3 years$9,417$9,150$8,893$8,646$8,408$7,388
4 years$6,992$6,726$6,472$6,229$5,996$5,023
5 years$5,538$5,274$5,023$4,784$4,558$3,633
6 years$4,569$4,306$4,059$3,826$3,607$2,730
7 years$3,877$3,616$3,373$3,146$2,933$2,105
8 years$3,358$3,100$2,861$2,639$2,434$1,653
9 years$2,955$2,699$2,464$2,248$2,049$1,315
10 years$2,632$2,379$2,148$1,938$1,746$1,057
11 years$2,368$2,118$1,891$1,686$1,502$856
12 years$2,149$1,901$1,678$1,479$1,301$698
13 years$1,963$1,718$1,499$1,306$1,135$571
14 years$1,804$1,562$1,347$1,159$995$470
15 years$1,667$1,426$1,216$1,034$876$387
16 years$1,546$1,309$1,103$926$774$320
17 years$1,440$1,205$1,004$832$686$265
18 years$1,346$1,114$916$749$610$220
19 years$1,262$1,032$839$677$544$183
20 years$1,186$959$770$613$486$152
21 years$1,118$893$708$557$435$127
22 years$1,056$834$652$506$390$106
23 years$999$780$602$461$350$88
24 years$947$731$557$420$314$74
25 years$900$686$516$384$283$61
26 years$856$645$479$351$255$51
27 years$815$607$444$321$230$43
28 years$778$572$413$294$207$36
29 years$743$539$384$270$187$30
30 years$710$509$358$248$169$25
31 years$680$481$334$228$153$21
32 years$652$456$312$209$138$18
33 years$625$431$291$192$125$15
34 years$600$409$272$177$113$12
35 years$576$388$254$163$103$10
36 years$554$368$238$150$93$9
37 years$533$350$222$138$84$7
38 years$514$332$208$127$76$6
39 years$495$316$195$117$69$5
40 years$477$301$183$108$63$4
41 years$460$286$172$100$57$4
42 years$444$273$161$92$52$3
43 years$429$260$151$85$47$2
44 years$415$247$142$79$43$2
45 years$401$236$133$73$39$2
46 years$388$225$125$67$35$1
47 years$375$215$117$62$32$1
48 years$363$205$110$57$29$1
49 years$352$196$104$53$26$1
50 years$341$187$98$49$24$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $349,000, adding $3,087 every year, while hoping to spend $28,014 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: 41/33/26 Blend
64$349,000$349,000$349,000$349,000
65$387,782$369,285$363,876$400,608
66$397,529$357,574$346,259$398,424
67$407,332$344,349$327,113$393,193
68$417,166$329,508$306,357$386,986
69$427,003$312,941$283,907$379,730
70$436,814$294,531$259,674$371,347
71$446,563$274,157$233,567$361,754
72$456,209$251,688$205,489$350,863
73$465,709$226,987$175,339$338,578
74$475,011$199,909$143,012$324,799
75$484,058$170,301$108,400$309,416
76$492,787$138,001$71,386$292,316
77$501,126$102,837$31,852$273,374
78$508,995$64,631$0$252,457
79$516,305$23,189$0$232,293
80$522,955$0$0$219,479
81$528,833$0$0$212,919
82$533,817$0$0$214,351
83$537,766$0$0$215,290
84$540,528$0$0$215,666
85$541,930$0$0$215,400
86$541,783$0$0$214,406
87$539,875$0$0$212,587
88$535,971$0$0$209,836
89$529,812$0$0$206,035
90$521,108$0$0$201,052
91$509,540$0$0$194,742
92$494,754$0$0$186,943
93$476,356$0$0$177,478
94$453,913$0$0$166,149
95$426,943$0$0$152,737
96$394,914$0$0$137,000
97$357,237$0$0$118,672
98$313,262$0$0$97,457
99$262,268$0$0$73,028
100$203,460$0$0$45,025