Can I retire at age 65 with 374,000?

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 $374,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.7%
1 years$30,885$30,609$30,341$30,079$29,823$28,663
2 years$15,289$15,005$14,729$14,461$14,202$13,046
3 years$10,092$9,806$9,530$9,265$9,010$7,896
4 years$7,493$7,208$6,936$6,675$6,426$5,363
5 years$5,935$5,651$5,382$5,127$4,885$3,874
6 years$4,896$4,615$4,350$4,100$3,865$2,908
7 years$4,154$3,875$3,615$3,371$3,144$2,240
8 years$3,598$3,322$3,066$2,828$2,608$1,757
9 years$3,166$2,892$2,640$2,409$2,196$1,396
10 years$2,821$2,549$2,302$2,076$1,871$1,121
11 years$2,538$2,270$2,027$1,807$1,609$907
12 years$2,303$2,037$1,799$1,585$1,395$738
13 years$2,104$1,841$1,607$1,399$1,216$603
14 years$1,933$1,673$1,444$1,242$1,066$495
15 years$1,786$1,529$1,304$1,108$939$408
16 years$1,657$1,403$1,182$992$830$337
17 years$1,543$1,292$1,075$891$736$279
18 years$1,442$1,194$982$803$654$231
19 years$1,352$1,106$899$726$583$192
20 years$1,271$1,028$825$657$521$159
21 years$1,198$957$759$597$466$132
22 years$1,131$894$699$542$418$110
23 years$1,071$836$646$494$375$92
24 years$1,015$783$597$451$337$76
25 years$964$735$553$411$303$64
26 years$917$691$513$376$273$53
27 years$874$650$476$344$246$44
28 years$834$613$443$315$222$37
29 years$796$578$412$289$201$31
30 years$761$546$384$266$181$26
31 years$729$516$358$244$164$22
32 years$698$488$334$224$148$18
33 years$670$462$312$206$134$15
34 years$643$438$291$190$121$13
35 years$618$416$272$175$110$10
36 years$594$394$255$161$100$9
37 years$572$375$238$148$90$7
38 years$550$356$223$137$82$6
39 years$530$339$209$126$74$5
40 years$511$322$196$116$67$4
41 years$493$307$184$107$61$4
42 years$476$292$172$99$55$3
43 years$460$278$162$91$50$2
44 years$444$265$152$84$46$2
45 years$430$253$143$78$41$2
46 years$416$241$134$72$38$1
47 years$402$230$126$66$34$1
48 years$389$220$118$61$31$1
49 years$377$210$111$57$28$1
50 years$365$200$105$52$26$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $374,000, adding $2,628 every year, while hoping to spend $31,564 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: 34/41/25 Blend
64$374,000$374,000$374,000$374,000
65$414,859$395,037$389,240$425,739
66$423,591$380,810$368,695$419,876
67$432,155$364,828$346,405$410,518
68$440,502$346,971$322,277$399,801
69$448,575$327,114$296,214$387,622
70$456,310$305,123$268,118$373,876
71$463,636$280,857$237,883$358,448
72$470,474$254,167$205,399$341,216
73$476,736$224,894$170,553$322,050
74$482,322$192,873$133,226$300,809
75$487,121$157,926$93,292$277,345
76$491,012$119,869$50,621$251,498
77$493,858$78,505$5,079$223,098
78$495,505$33,625$0$191,961
79$495,785$0$0$169,502
80$494,511$0$0$152,864
81$491,474$0$0$150,705
82$486,443$0$0$147,767
83$479,161$0$0$143,952
84$469,344$0$0$139,153
85$456,676$0$0$133,250
86$440,810$0$0$126,113
87$421,357$0$0$117,594
88$397,892$0$0$107,534
89$369,941$0$0$95,752
90$336,979$0$0$82,052
91$298,428$0$0$66,215
92$253,649$0$0$48,001
93$201,932$0$0$27,142
94$142,496$0$0$3,344
95$74,476$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0