Can I retire at age 65 with 360,000?

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 $360,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.3%
1 years$29,728$29,464$29,205$28,953$28,707$28,197
2 years$14,717$14,443$14,177$13,920$13,670$13,158
3 years$9,714$9,439$9,174$8,919$8,673$8,174
4 years$7,213$6,938$6,676$6,425$6,186$5,705
5 years$5,713$5,440$5,181$4,935$4,702$4,240
6 years$4,713$4,442$4,187$3,947$3,721$3,279
7 years$3,999$3,730$3,479$3,245$3,026$2,603
8 years$3,464$3,198$2,951$2,722$2,510$2,108
9 years$3,048$2,784$2,542$2,319$2,114$1,731
10 years$2,715$2,454$2,216$1,999$1,801$1,437
11 years$2,443$2,185$1,951$1,739$1,549$1,204
12 years$2,217$1,961$1,731$1,526$1,342$1,015
13 years$2,025$1,772$1,547$1,347$1,171$861
14 years$1,861$1,611$1,390$1,196$1,026$734
15 years$1,719$1,471$1,255$1,066$904$628
16 years$1,595$1,350$1,138$955$799$539
17 years$1,486$1,243$1,035$858$708$463
18 years$1,388$1,149$945$773$630$400
19 years$1,302$1,065$865$699$561$345
20 years$1,224$989$794$633$501$299
21 years$1,153$922$730$574$449$259
22 years$1,089$860$673$522$402$225
23 years$1,031$805$621$475$361$195
24 years$977$754$575$434$324$170
25 years$928$707$532$396$292$148
26 years$883$665$494$362$263$129
27 years$841$626$458$331$237$112
28 years$802$590$426$304$214$98
29 years$766$556$397$278$193$85
30 years$733$525$369$256$175$74
31 years$701$497$344$235$158$65
32 years$672$470$321$216$143$57
33 years$645$445$300$198$129$50
34 years$619$422$280$183$117$43
35 years$595$400$262$168$106$38
36 years$572$380$245$155$96$33
37 years$550$361$229$143$87$29
38 years$530$343$215$131$79$25
39 years$510$326$201$121$72$22
40 years$492$310$189$112$65$19
41 years$475$295$177$103$59$17
42 years$458$281$166$95$53$15
43 years$443$268$156$88$48$13
44 years$428$255$146$81$44$11
45 years$414$243$137$75$40$10
46 years$400$232$129$69$36$9
47 years$387$222$121$64$33$8
48 years$375$212$114$59$30$7
49 years$363$202$107$55$27$6
50 years$351$193$101$50$25$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $360,000, adding $6,089 every year, while hoping to spend $27,368 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: 74/19/7 Blend
64$360,000$360,000$360,000$360,000
65$403,001$383,921$378,341$431,982
66$414,988$373,614$361,896$441,598
67$427,280$361,884$343,983$448,068
68$439,879$348,634$324,523$454,376
69$452,788$333,758$303,436$460,498
70$466,007$317,147$280,636$466,405
71$479,536$298,683$256,033$472,069
72$493,374$278,244$229,536$477,456
73$507,519$255,698$201,045$482,531
74$521,966$230,907$170,461$487,259
75$536,711$203,727$137,676$491,597
76$551,748$174,002$102,581$495,501
77$567,068$141,570$65,059$498,925
78$582,661$106,258$24,990$501,816
79$598,513$67,885$0$504,118
80$614,609$26,259$0$507,100
81$630,931$0$0$511,446
82$647,457$0$0$519,163
83$664,162$0$0$532,508
84$681,017$0$0$545,966
85$697,988$0$0$559,510
86$715,037$0$0$573,108
87$732,120$0$0$586,723
88$749,185$0$0$600,315
89$766,176$0$0$613,836
90$783,029$0$0$627,233
91$799,669$0$0$640,447
92$816,015$0$0$653,410
93$831,974$0$0$666,045
94$847,442$0$0$678,267
95$862,301$0$0$689,982
96$876,422$0$0$701,080
97$889,657$0$0$711,444
98$901,842$0$0$720,939
99$912,796$0$0$729,415
100$922,315$0$0$736,706