Can I retire at age 65 with 416,000?

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 $416,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.8%
1 years$34,353$34,047$33,748$33,457$33,172$32,650
2 years$17,006$16,690$16,383$16,085$15,796$15,271
3 years$11,225$10,907$10,601$10,306$10,022$9,510
4 years$8,335$8,018$7,715$7,425$7,148$6,654
5 years$6,601$6,286$5,987$5,703$5,434$4,959
6 years$5,446$5,133$4,838$4,561$4,299$3,845
7 years$4,621$4,311$4,021$3,750$3,497$3,062
8 years$4,002$3,695$3,410$3,145$2,901$2,485
9 years$3,522$3,217$2,937$2,679$2,443$2,047
10 years$3,137$2,836$2,560$2,310$2,081$1,705
11 years$2,823$2,525$2,254$2,010$1,790$1,432
12 years$2,561$2,266$2,001$1,763$1,551$1,212
13 years$2,340$2,048$1,787$1,556$1,353$1,031
14 years$2,151$1,861$1,606$1,382$1,186$882
15 years$1,986$1,700$1,450$1,232$1,044$757
16 years$1,843$1,560$1,315$1,103$923$652
17 years$1,717$1,437$1,196$991$818$563
18 years$1,604$1,328$1,092$893$727$487
19 years$1,504$1,230$1,000$807$648$423
20 years$1,414$1,143$917$731$579$367
21 years$1,332$1,065$844$664$518$320
22 years$1,258$994$778$603$465$278
23 years$1,191$930$718$549$417$243
24 years$1,129$871$664$501$375$212
25 years$1,073$818$615$458$337$185
26 years$1,020$768$570$418$304$162
27 years$972$723$530$383$274$142
28 years$927$681$492$351$247$124
29 years$886$643$458$322$223$109
30 years$847$607$427$295$202$95
31 years$811$574$398$271$182$83
32 years$777$543$371$249$165$73
33 years$745$514$347$229$149$64
34 years$715$487$324$211$135$56
35 years$687$462$303$194$122$49
36 years$661$439$283$179$111$43
37 years$636$417$265$165$101$38
38 years$612$396$248$152$91$33
39 years$590$377$233$140$83$29
40 years$569$358$218$129$75$26
41 years$549$341$204$119$68$23
42 years$530$325$192$110$62$20
43 years$512$309$180$102$56$17
44 years$494$295$169$94$51$15
45 years$478$281$159$87$46$13
46 years$462$268$149$80$42$12
47 years$447$256$140$74$38$10
48 years$433$244$132$68$35$9
49 years$419$233$124$63$31$8
50 years$406$223$116$58$29$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $416,000, adding $6,447 every year, while hoping to spend $35,816 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: 38/49/13 Blend
64$416,000$416,000$416,000$416,000
65$465,082$443,034$436,586$480,693
66$474,413$426,635$413,104$476,020
67$483,494$408,232$387,634$467,022
68$492,264$387,688$360,074$456,516
69$500,651$364,861$330,312$444,382
70$508,576$339,598$298,237$430,494
71$515,951$311,738$263,727$414,716
72$522,676$281,112$226,660$396,904
73$528,641$247,538$186,905$376,901
74$533,723$210,828$144,328$354,539
75$537,785$170,781$98,785$329,640
76$540,675$127,185$50,129$302,011
77$542,222$79,815$0$271,444
78$542,239$28,436$0$237,967
79$540,516$0$0$208,530
80$536,820$0$0$190,606
81$530,895$0$0$187,047
82$522,453$0$0$182,401
83$511,179$0$0$176,534
84$496,721$0$0$169,298
85$478,691$0$0$160,528
86$456,658$0$0$150,043
87$430,145$0$0$137,644
88$398,625$0$0$123,106
89$361,516$0$0$106,186
90$318,172$0$0$86,611
91$267,879$0$0$64,082
92$209,851$0$0$38,267
93$143,214$0$0$8,800
94$67,008$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