Can I retire at age 65 with 391,000?

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 $391,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.5%
1 years$32,288$32,001$31,720$31,446$31,179$30,982
2 years$15,984$15,687$15,398$15,118$14,847$14,649
3 years$10,550$10,251$9,964$9,687$9,420$9,226
4 years$7,834$7,536$7,251$6,979$6,718$6,530
5 years$6,204$5,908$5,627$5,360$5,107$4,926
6 years$5,119$4,825$4,547$4,287$4,041$3,866
7 years$4,343$4,052$3,779$3,524$3,286$3,119
8 years$3,762$3,473$3,205$2,956$2,726$2,565
9 years$3,310$3,024$2,760$2,518$2,296$2,142
10 years$2,949$2,665$2,407$2,171$1,956$1,809
11 years$2,653$2,373$2,119$1,889$1,683$1,541
12 years$2,407$2,130$1,880$1,657$1,458$1,323
13 years$2,199$1,925$1,680$1,463$1,271$1,143
14 years$2,021$1,749$1,509$1,299$1,115$992
15 years$1,867$1,598$1,363$1,158$981$865
16 years$1,732$1,466$1,236$1,037$867$757
17 years$1,613$1,350$1,124$932$769$664
18 years$1,508$1,248$1,026$840$684$585
19 years$1,414$1,156$940$759$609$516
20 years$1,329$1,075$862$687$544$456
21 years$1,252$1,001$793$624$487$403
22 years$1,183$934$731$567$437$358
23 years$1,119$874$675$516$392$317
24 years$1,061$819$624$471$352$282
25 years$1,008$768$578$430$317$251
26 years$959$722$536$393$286$223
27 years$914$680$498$360$257$199
28 years$871$640$463$330$232$178
29 years$832$604$431$302$210$158
30 years$796$571$401$278$190$141
31 years$762$539$374$255$171$126
32 years$730$510$349$234$155$113
33 years$700$483$326$215$140$101
34 years$672$458$304$198$127$90
35 years$646$434$285$182$115$81
36 years$621$412$266$168$104$72
37 years$598$392$249$155$94$65
38 years$575$372$233$143$86$58
39 years$554$354$219$132$78$52
40 years$535$337$205$121$70$46
41 years$516$321$192$112$64$42
42 years$498$305$180$103$58$37
43 years$481$291$169$95$53$33
44 years$465$277$159$88$48$30
45 years$449$264$149$81$43$27
46 years$434$252$140$75$39$24
47 years$420$241$132$69$36$22
48 years$407$230$124$64$32$19
49 years$394$219$116$59$29$17
50 years$382$210$109$55$27$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $391,000, adding $4,613 every year, while hoping to spend $27,565 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: 37/48/15 Blend
64$391,000$391,000$391,000$391,000
65$435,640$414,917$408,857$449,615
66$450,747$405,919$393,225$451,080
67$466,470$395,557$376,145$449,686
68$482,844$383,733$357,540$447,588
69$499,906$370,347$337,329$444,737
70$517,693$355,292$315,427$441,080
71$536,249$338,452$291,745$436,566
72$555,619$319,709$266,191$431,136
73$575,852$298,934$238,668$424,732
74$597,001$275,994$209,075$417,293
75$619,123$250,746$177,307$408,754
76$642,280$223,039$143,253$399,047
77$666,540$192,715$106,799$388,102
78$691,974$159,605$67,824$375,845
79$718,662$123,532$26,203$362,200
80$746,690$84,310$0$347,087
81$776,150$41,739$0$333,340
82$807,145$0$0$322,620
83$839,783$0$0$312,983
84$874,185$0$0$326,083
85$910,482$0$0$339,927
86$948,815$0$0$354,570
87$989,341$0$0$370,077
88$1,032,228$0$0$386,514
89$1,077,661$0$0$403,957
90$1,125,844$0$0$422,486
91$1,176,997$0$0$442,191
92$1,231,361$0$0$463,170
93$1,289,201$0$0$485,528
94$1,350,806$0$0$509,383
95$1,416,493$0$0$534,862
96$1,486,610$0$0$562,106
97$1,561,536$0$0$591,269
98$1,641,688$0$0$622,519
99$1,727,523$0$0$656,042
100$1,819,542$0$0$692,039