Can I retire at age 65 with 389,000?

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 $389,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15%
1 years$32,123$31,837$31,558$31,285$31,019$30,381
2 years$15,903$15,606$15,319$15,041$14,771$14,131
3 years$10,496$10,199$9,913$9,637$9,371$8,749
4 years$7,794$7,497$7,214$6,943$6,684$6,084
5 years$6,173$5,878$5,598$5,333$5,081$4,506
6 years$5,092$4,800$4,524$4,265$4,020$3,471
7 years$4,321$4,031$3,760$3,506$3,270$2,745
8 years$3,743$3,455$3,188$2,941$2,712$2,213
9 years$3,293$3,008$2,746$2,505$2,284$1,810
10 years$2,934$2,652$2,394$2,160$1,946$1,496
11 years$2,640$2,361$2,108$1,880$1,674$1,248
12 years$2,395$2,119$1,871$1,649$1,451$1,048
13 years$2,188$1,915$1,671$1,455$1,265$884
14 years$2,011$1,741$1,502$1,292$1,109$750
15 years$1,858$1,590$1,356$1,152$976$639
16 years$1,723$1,459$1,229$1,032$863$545
17 years$1,605$1,343$1,119$927$765$467
18 years$1,500$1,241$1,021$835$680$401
19 years$1,406$1,151$935$755$606$344
20 years$1,322$1,069$858$684$542$297
21 years$1,246$996$789$620$485$256
22 years$1,177$930$727$564$434$221
23 years$1,114$869$672$514$390$191
24 years$1,056$815$621$469$351$165
25 years$1,003$764$575$428$315$143
26 years$954$718$533$391$284$124
27 years$909$676$495$358$256$107
28 years$867$637$461$328$231$93
29 years$828$601$429$301$209$81
30 years$792$568$399$276$189$70
31 years$758$537$372$254$170$61
32 years$726$508$347$233$154$53
33 years$697$481$324$214$140$46
34 years$669$456$303$197$126$40
35 years$643$432$283$182$114$34
36 years$618$410$265$167$104$30
37 years$594$390$248$154$94$26
38 years$572$370$232$142$85$23
39 years$552$352$218$131$77$20
40 years$532$335$204$121$70$17
41 years$513$319$191$111$64$15
42 years$495$304$179$103$58$13
43 years$478$289$168$95$52$11
44 years$462$276$158$88$48$10
45 years$447$263$148$81$43$8
46 years$432$251$139$75$39$7
47 years$418$239$131$69$36$6
48 years$405$229$123$64$32$6
49 years$392$218$116$59$29$5
50 years$380$209$109$55$27$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $389,000, adding $4,543 every year, while hoping to spend $29,972 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: 29/41/30 Blend
64$389,000$389,000$389,000$389,000
65$433,364$412,747$406,718$441,836
66$445,677$401,082$388,453$437,275
67$458,242$387,840$368,571$429,491
68$471,052$372,914$346,988$420,535
69$484,100$356,187$323,612$410,327
70$497,376$337,538$298,351$398,783
71$510,869$316,838$271,107$385,813
72$524,565$293,951$241,777$371,323
73$538,449$268,733$210,254$355,212
74$552,500$241,030$176,427$337,375
75$566,697$210,683$140,180$317,698
76$581,015$177,521$101,390$296,064
77$595,423$141,364$59,931$272,345
78$609,888$102,022$15,671$246,408
79$624,370$59,295$0$218,113
80$638,827$12,971$0$197,412
81$653,207$0$0$180,052
82$667,455$0$0$177,665
83$681,505$0$0$181,033
84$695,288$0$0$184,279
85$708,720$0$0$187,377
86$721,711$0$0$190,297
87$734,160$0$0$193,005
88$745,952$0$0$195,462
89$756,960$0$0$197,627
90$767,040$0$0$199,454
91$776,033$0$0$200,889
92$783,763$0$0$201,875
93$790,031$0$0$202,348
94$794,618$0$0$202,235
95$797,279$0$0$201,456
96$797,742$0$0$199,924
97$795,705$0$0$197,540
98$790,833$0$0$194,195
99$782,754$0$0$189,769
100$771,055$0$0$184,129