Can I retire at age 65 with 388,000?

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 $388,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.4%
1 years$32,041$31,755$31,477$31,205$30,940$30,377
2 years$15,862$15,566$15,280$15,002$14,733$14,168
3 years$10,469$10,173$9,887$9,612$9,347$8,798
4 years$7,774$7,478$7,195$6,925$6,667$6,137
5 years$6,157$5,863$5,584$5,319$5,068$4,559
6 years$5,079$4,787$4,513$4,254$4,010$3,523
7 years$4,310$4,021$3,750$3,497$3,261$2,796
8 years$3,733$3,446$3,180$2,934$2,705$2,262
9 years$3,285$3,001$2,739$2,499$2,278$1,857
10 years$2,926$2,645$2,388$2,154$1,941$1,541
11 years$2,633$2,355$2,102$1,875$1,670$1,290
12 years$2,389$2,113$1,866$1,644$1,447$1,087
13 years$2,183$1,910$1,667$1,452$1,262$921
14 years$2,006$1,736$1,498$1,289$1,106$784
15 years$1,853$1,586$1,352$1,149$974$671
16 years$1,719$1,455$1,226$1,029$861$575
17 years$1,601$1,340$1,116$925$763$495
18 years$1,496$1,238$1,018$833$679$426
19 years$1,403$1,148$932$753$605$368
20 years$1,319$1,066$856$682$540$318
21 years$1,243$993$787$619$483$276
22 years$1,174$927$725$563$433$239
23 years$1,111$867$670$512$389$208
24 years$1,053$813$619$467$350$180
25 years$1,000$763$574$427$315$157
26 years$952$717$532$390$283$137
27 years$907$674$494$357$255$119
28 years$865$636$459$327$231$104
29 years$826$600$427$300$208$90
30 years$790$566$398$275$188$79
31 years$756$535$371$253$170$69
32 years$724$506$346$233$154$60
33 years$695$480$323$214$139$52
34 years$667$455$302$197$126$46
35 years$641$431$282$181$114$40
36 years$616$409$264$167$103$35
37 years$593$389$247$154$94$30
38 years$571$369$232$142$85$27
39 years$550$351$217$131$77$23
40 years$530$334$203$120$70$20
41 years$512$318$191$111$63$18
42 years$494$303$179$103$58$15
43 years$477$289$168$95$52$13
44 years$461$275$158$87$47$12
45 years$446$262$148$81$43$10
46 years$431$250$139$75$39$9
47 years$417$239$131$69$35$8
48 years$404$228$123$64$32$7
49 years$391$218$115$59$29$6
50 years$379$208$108$54$27$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $388,000, adding $6,057 every year, while hoping to spend $36,159 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: 63/15/22 Blend
64$388,000$388,000$388,000$388,000
65$433,824$413,260$407,246$458,315
66$439,601$395,037$382,416$457,345
67$444,755$374,709$355,542$451,710
68$449,186$352,134$326,518$444,733
69$452,778$327,165$295,232$436,287
70$455,407$299,641$261,567$426,232
71$456,932$269,398$225,404$414,418
72$457,198$236,257$186,613$400,680
73$456,031$200,032$145,063$384,837
74$453,239$160,526$100,616$366,696
75$448,609$117,532$53,126$346,041
76$441,905$70,829$2,444$322,641
77$432,865$20,185$0$296,241
78$421,197$0$0$278,686
79$406,582$0$0$264,670
80$388,662$0$0$251,674
81$367,043$0$0$236,093
82$341,289$0$0$217,623
83$310,918$0$0$195,929
84$275,396$0$0$170,639
85$234,132$0$0$141,344
86$186,475$0$0$107,590
87$131,704$0$0$68,876
88$69,021$0$0$24,647
89$0$0$0$0
90$0$0$0$0
91$0$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$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