Can I retire at age 66 with 309,000?

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 $309,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.2%
1 years$25,517$25,290$25,068$24,851$24,640$24,212
2 years$12,632$12,397$12,169$11,948$11,733$11,303
3 years$8,338$8,101$7,874$7,655$7,444$7,026
4 years$6,191$5,955$5,730$5,515$5,309$4,906
5 years$4,903$4,669$4,447$4,236$4,036$3,648
6 years$4,045$3,813$3,594$3,388$3,194$2,822
7 years$3,432$3,202$2,986$2,785$2,597$2,242
8 years$2,973$2,745$2,533$2,336$2,155$1,816
9 years$2,616$2,390$2,181$1,990$1,815$1,492
10 years$2,330$2,106$1,902$1,715$1,546$1,240
11 years$2,097$1,875$1,674$1,493$1,330$1,039
12 years$1,903$1,683$1,486$1,310$1,152$877
13 years$1,738$1,521$1,328$1,156$1,005$744
14 years$1,597$1,383$1,193$1,026$881$635
15 years$1,476$1,263$1,077$915$776$543
16 years$1,369$1,159$976$820$685$467
17 years$1,275$1,067$889$736$608$402
18 years$1,192$986$811$664$540$347
19 years$1,117$914$743$600$482$300
20 years$1,050$849$681$543$430$260
21 years$990$791$627$493$385$225
22 years$935$738$578$448$345$196
23 years$885$691$533$408$310$170
24 years$839$647$493$372$278$148
25 years$797$607$457$340$251$129
26 years$758$571$424$311$226$112
27 years$722$537$393$285$203$98
28 years$689$506$366$261$184$86
29 years$658$477$340$239$166$75
30 years$629$451$317$219$150$65
31 years$602$426$296$201$135$57
32 years$577$403$276$185$123$50
33 years$553$382$258$170$111$44
34 years$531$362$241$157$100$38
35 years$510$343$225$144$91$33
36 years$491$326$210$133$82$29
37 years$472$310$197$122$75$25
38 years$455$294$184$113$68$22
39 years$438$280$173$104$61$19
40 years$422$266$162$96$56$17
41 years$408$253$152$89$51$15
42 years$393$241$142$82$46$13
43 years$380$230$134$75$42$11
44 years$367$219$125$70$38$10
45 years$355$209$118$64$34$9
46 years$343$199$111$59$31$8
47 years$332$190$104$55$28$7
48 years$322$182$98$51$26$6
49 years$311$173$92$47$23$5
50 years$302$166$86$43$21$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $309,000, adding $4,826 every year, while hoping to spend $22,081 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: 26/49/25 Blend
65$309,000$309,000$309,000$309,000
66$345,496$329,119$324,330$351,667
67$357,243$321,752$311,701$349,660
68$369,447$313,284$297,908$345,285
69$382,133$303,637$282,891$340,126
70$395,326$292,730$266,583$334,132
71$409,052$280,477$248,916$327,250
72$423,341$266,786$229,820$319,422
73$438,222$251,559$209,220$310,588
74$453,731$234,695$187,038$300,684
75$469,901$216,085$163,194$289,645
76$486,773$195,615$137,603$277,400
77$504,387$173,163$110,176$263,878
78$522,788$148,602$80,820$249,001
79$542,025$121,796$49,441$232,688
80$562,151$92,604$15,937$214,856
81$583,223$60,873$0$195,415
82$605,301$26,445$0$179,561
83$628,452$0$0$166,791
84$652,750$0$0$158,626
85$678,271$0$0$165,044
86$705,103$0$0$171,809
87$733,338$0$0$178,947
88$763,076$0$0$186,486
89$794,429$0$0$194,456
90$827,515$0$0$202,891
91$862,465$0$0$211,828
92$899,423$0$0$221,305
93$938,543$0$0$231,367
94$979,996$0$0$242,062
95$1,023,968$0$0$253,441
96$1,070,660$0$0$265,561
97$1,120,297$0$0$278,485
98$1,173,120$0$0$292,281
99$1,229,395$0$0$307,024
100$1,289,414$0$0$322,796