Can I retire at age 66 with 215,000?

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 $215,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.1%
1 years$17,754$17,596$17,442$17,291$17,144$16,853
2 years$8,789$8,626$8,467$8,313$8,164$7,872
3 years$5,801$5,637$5,479$5,326$5,180$4,895
4 years$4,308$4,144$3,987$3,837$3,694$3,420
5 years$3,412$3,249$3,094$2,947$2,808$2,545
6 years$2,815$2,653$2,501$2,357$2,222$1,970
7 years$2,388$2,228$2,078$1,938$1,807$1,566
8 years$2,069$1,910$1,762$1,626$1,499$1,269
9 years$1,820$1,663$1,518$1,385$1,263$1,043
10 years$1,621$1,466$1,323$1,194$1,076$867
11 years$1,459$1,305$1,165$1,039$925$727
12 years$1,324$1,171$1,034$911$802$614
13 years$1,209$1,058$924$804$699$522
14 years$1,111$962$830$714$613$445
15 years$1,027$879$749$637$540$381
16 years$953$806$679$570$477$328
17 years$887$743$618$512$423$282
18 years$829$686$564$462$376$244
19 years$777$636$517$417$335$211
20 years$731$591$474$378$299$183
21 years$689$550$436$343$268$159
22 years$650$514$402$312$240$138
23 years$616$481$371$284$216$120
24 years$584$450$343$259$194$105
25 years$554$423$318$237$174$91
26 years$527$397$295$216$157$80
27 years$502$374$274$198$142$69
28 years$479$352$255$181$128$61
29 years$458$332$237$166$115$53
30 years$438$314$221$153$104$46
31 years$419$297$206$140$94$40
32 years$401$281$192$129$85$35
33 years$385$266$179$118$77$31
34 years$370$252$167$109$70$27
35 years$355$239$157$100$63$24
36 years$341$227$146$92$57$21
37 years$329$215$137$85$52$18
38 years$316$205$128$78$47$16
39 years$305$195$120$72$43$14
40 years$294$185$113$67$39$12
41 years$284$176$106$62$35$11
42 years$274$168$99$57$32$9
43 years$264$160$93$52$29$8
44 years$255$152$87$48$26$7
45 years$247$145$82$45$24$6
46 years$239$139$77$41$22$6
47 years$231$132$72$38$20$5
48 years$224$126$68$35$18$4
49 years$217$121$64$33$16$4
50 years$210$115$60$30$15$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $215,000, adding $4,397 every year, while hoping to spend $20,236 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: 64/24/12 Blend
65$215,000$215,000$215,000$215,000
66$241,466$230,071$226,738$255,976
67$244,564$219,813$212,803$255,963
68$247,300$208,375$197,723$253,198
69$249,616$195,676$181,437$249,672
70$251,447$181,634$163,885$245,309
71$252,720$166,159$145,001$240,029
72$253,354$149,159$124,716$233,743
73$253,262$130,533$102,959$226,355
74$252,343$110,177$79,657$217,758
75$250,488$87,982$54,731$207,839
76$247,575$63,830$28,101$196,472
77$243,467$37,597$0$183,519
78$238,016$9,155$0$168,872
79$231,055$0$0$156,170
80$222,400$0$0$147,357
81$211,847$0$0$139,615
82$199,170$0$0$130,366
83$184,121$0$0$119,434
84$166,422$0$0$106,623
85$145,770$0$0$91,719
86$121,825$0$0$74,482
87$94,216$0$0$54,649
88$62,529$0$0$31,929
89$26,309$0$0$6,001
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