Can I retire at age 66 with 322,000?

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 $322,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%20%
1 years$26,590$26,354$26,123$25,897$25,677$24,648
2 years$13,164$12,918$12,681$12,450$12,227$11,204
3 years$8,689$8,442$8,205$7,977$7,757$6,771
4 years$6,451$6,206$5,971$5,747$5,533$4,592
5 years$5,110$4,866$4,634$4,414$4,206$3,312
6 years$4,215$3,973$3,745$3,530$3,328$2,482
7 years$3,577$3,337$3,112$2,902$2,706$1,908
8 years$3,098$2,860$2,639$2,435$2,245$1,494
9 years$2,726$2,490$2,273$2,074$1,891$1,185
10 years$2,428$2,195$1,982$1,788$1,611$950
11 years$2,185$1,954$1,745$1,556$1,386$767
12 years$1,983$1,754$1,548$1,365$1,201$623
13 years$1,811$1,585$1,383$1,205$1,047$508
14 years$1,665$1,441$1,243$1,069$918$416
15 years$1,538$1,316$1,122$954$808$342
16 years$1,427$1,208$1,018$854$714$282
17 years$1,329$1,112$926$767$633$233
18 years$1,242$1,028$845$692$563$192
19 years$1,164$952$774$625$502$159
20 years$1,094$885$710$566$448$132
21 years$1,031$824$653$514$401$110
22 years$974$769$602$467$360$91
23 years$922$720$556$425$323$76
24 years$874$674$514$388$290$63
25 years$830$633$476$354$261$52
26 years$790$595$442$324$235$43
27 years$752$560$410$296$212$36
28 years$718$527$381$272$191$30
29 years$685$498$355$249$173$25
30 years$655$470$330$229$156$21
31 years$627$444$308$210$141$17
32 years$601$420$287$193$128$14
33 years$577$398$268$177$116$12
34 years$554$377$251$163$105$10
35 years$532$358$234$150$95$8
36 years$511$340$219$138$86$7
37 years$492$323$205$128$78$6
38 years$474$307$192$118$71$5
39 years$457$291$180$108$64$4
40 years$440$277$169$100$58$3
41 years$425$264$158$92$53$3
42 years$410$251$148$85$48$2
43 years$396$240$139$79$43$2
44 years$383$228$131$73$39$2
45 years$370$218$123$67$36$1
46 years$358$208$115$62$32$1
47 years$346$198$108$57$29$1
48 years$335$189$102$53$27$1
49 years$325$181$96$49$24$1
50 years$314$173$90$45$22$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $322,000, adding $2,185 every year, while hoping to spend $23,723 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: 65/15/20 Blend
65$322,000$322,000$322,000$322,000
66$357,098$340,032$335,041$378,365
67$368,281$331,452$321,024$384,337
68$379,809$321,657$305,742$387,959
69$391,693$310,562$289,128$391,358
70$403,944$298,077$271,111$394,512
71$416,571$284,108$251,619$397,400
72$429,586$268,555$230,573$399,997
73$443,001$251,310$207,893$402,280
74$456,826$232,263$183,497$404,219
75$471,073$211,295$157,295$405,789
76$485,754$188,280$129,196$406,957
77$500,882$163,087$99,105$407,694
78$516,468$135,575$66,922$407,964
79$532,526$105,596$32,542$407,733
80$549,069$72,995$0$406,963
81$566,109$37,607$0$406,498
82$583,659$0$0$412,880
83$601,733$0$0$419,260
84$620,346$0$0$432,221
85$639,509$0$0$445,566
86$659,238$0$0$459,303
87$679,546$0$0$473,443
88$700,446$0$0$487,995
89$721,954$0$0$502,968
90$744,082$0$0$518,372
91$766,845$0$0$534,217
92$790,255$0$0$550,511
93$814,328$0$0$567,264
94$839,074$0$0$584,485
95$864,509$0$0$602,183
96$890,642$0$0$620,364
97$917,487$0$0$639,039
98$945,054$0$0$658,213
99$973,353$0$0$677,894
100$1,002,394$0$0$698,087