Can I retire at age 66 with 273,000?

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 $273,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11%
1 years$22,544$22,343$22,147$21,956$21,769$21,678
2 years$11,160$10,953$10,751$10,556$10,366$10,274
3 years$7,366$7,158$6,957$6,763$6,577$6,486
4 years$5,470$5,262$5,063$4,873$4,691$4,603
5 years$4,332$4,125$3,929$3,743$3,566$3,481
6 years$3,574$3,369$3,175$2,993$2,821$2,740
7 years$3,032$2,829$2,639$2,461$2,295$2,216
8 years$2,627$2,425$2,238$2,064$1,904$1,828
9 years$2,311$2,111$1,927$1,758$1,603$1,530
10 years$2,059$1,861$1,680$1,516$1,366$1,296
11 years$1,853$1,657$1,479$1,319$1,175$1,108
12 years$1,681$1,487$1,313$1,157$1,018$954
13 years$1,536$1,344$1,173$1,021$888$827
14 years$1,411$1,221$1,054$907$778$720
15 years$1,304$1,116$952$809$685$630
16 years$1,209$1,024$863$724$606$553
17 years$1,127$943$785$651$537$487
18 years$1,053$871$717$586$477$430
19 years$987$807$656$530$426$381
20 years$928$750$602$480$380$338
21 years$874$699$554$435$340$300
22 years$826$652$510$396$305$267
23 years$782$610$471$361$274$238
24 years$741$572$436$329$246$212
25 years$704$537$404$300$221$189
26 years$670$504$374$275$199$169
27 years$638$475$348$251$180$152
28 years$608$447$323$230$162$136
29 years$581$422$301$211$146$122
30 years$556$398$280$194$132$109
31 years$532$377$261$178$120$98
32 years$510$356$244$164$108$88
33 years$489$337$228$150$98$79
34 years$469$320$213$138$89$71
35 years$451$303$199$127$80$63
36 years$434$288$186$117$73$57
37 years$417$273$174$108$66$51
38 years$402$260$163$100$60$46
39 years$387$247$153$92$54$41
40 years$373$235$143$85$49$37
41 years$360$224$134$78$45$34
42 years$348$213$126$72$40$30
43 years$336$203$118$67$37$27
44 years$324$194$111$62$33$24
45 years$314$185$104$57$30$22
46 years$303$176$98$52$27$20
47 years$293$168$92$48$25$18
48 years$284$160$86$45$23$16
49 years$275$153$81$41$21$14
50 years$267$146$76$38$19$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $273,000, adding $5,327 every year, while hoping to spend $20,804 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: 74/17/9 Blend
65$273,000$273,000$273,000$273,000
66$306,341$291,872$287,640$328,142
67$315,452$284,038$275,141$335,412
68$324,796$275,124$261,526$340,236
69$334,373$265,053$246,735$344,936
70$344,186$253,747$230,707$349,496
71$354,234$241,121$213,377$353,893
72$364,517$227,088$194,677$358,105
73$375,035$211,553$174,536$362,110
74$385,787$194,417$152,880$365,880
75$396,768$175,574$129,633$369,388
76$407,976$154,915$104,714$372,603
77$419,406$132,322$78,037$375,494
78$431,050$107,671$49,517$378,023
79$442,902$80,831$19,060$380,154
80$454,951$51,665$0$381,844
81$467,185$20,026$0$384,340
82$479,591$0$0$388,339
83$492,152$0$0$394,631
84$504,848$0$0$404,774
85$517,659$0$0$415,003
86$530,558$0$0$425,296
87$543,515$0$0$435,631
88$556,497$0$0$445,979
89$569,467$0$0$456,308
90$582,380$0$0$466,584
91$595,186$0$0$476,765
92$607,832$0$0$486,806
93$620,253$0$0$496,656
94$632,380$0$0$506,257
95$644,132$0$0$515,544
96$655,422$0$0$524,443
97$666,149$0$0$532,875
98$676,203$0$0$540,747
99$685,458$0$0$547,958
100$693,776$0$0$554,395