Can I retire at age 66 with 332,000?

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 $332,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.9%
1 years$27,416$27,172$26,934$26,701$26,474$26,154
2 years$13,572$13,320$13,075$12,837$12,607$12,285
3 years$8,958$8,705$8,460$8,225$7,998$7,684
4 years$6,652$6,399$6,157$5,926$5,704$5,401
5 years$5,268$5,017$4,778$4,551$4,336$4,044
6 years$4,346$4,097$3,861$3,640$3,431$3,150
7 years$3,688$3,440$3,209$2,992$2,791$2,521
8 years$3,194$2,949$2,721$2,510$2,315$2,058
9 years$2,811$2,568$2,344$2,138$1,950$1,704
10 years$2,504$2,263$2,043$1,843$1,661$1,427
11 years$2,253$2,015$1,799$1,604$1,429$1,206
12 years$2,044$1,808$1,597$1,407$1,238$1,026
13 years$1,868$1,634$1,426$1,242$1,080$878
14 years$1,716$1,485$1,282$1,103$946$755
15 years$1,585$1,357$1,157$983$833$652
16 years$1,471$1,245$1,049$881$736$565
17 years$1,370$1,147$955$791$653$491
18 years$1,280$1,060$871$713$581$428
19 years$1,200$982$798$644$517$374
20 years$1,128$912$732$583$462$327
21 years$1,063$850$673$530$414$286
22 years$1,004$793$621$481$371$251
23 years$950$742$573$438$333$221
24 years$901$695$530$400$299$194
25 years$856$652$491$365$269$171
26 years$814$613$455$334$242$150
27 years$776$577$423$306$219$132
28 years$740$544$393$280$197$117
29 years$707$513$366$257$178$103
30 years$676$484$341$236$161$91
31 years$647$458$318$216$146$80
32 years$620$433$296$199$132$71
33 years$595$410$277$183$119$63
34 years$571$389$259$168$108$55
35 years$548$369$242$155$98$49
36 years$527$350$226$143$89$43
37 years$507$333$212$131$80$38
38 years$489$316$198$121$73$34
39 years$471$301$186$112$66$30
40 years$454$286$174$103$60$27
41 years$438$272$163$95$54$23
42 years$423$259$153$88$49$21
43 years$408$247$144$81$45$18
44 years$394$235$135$75$41$16
45 years$381$225$127$69$37$14
46 years$369$214$119$64$33$13
47 years$357$204$112$59$30$11
48 years$345$195$105$54$28$10
49 years$335$186$99$50$25$9
50 years$324$178$93$47$23$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $332,000, adding $6,456 every year, while hoping to spend $21,244 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: 45/37/18 Blend
65$332,000$332,000$332,000$332,000
66$372,523$354,927$349,781$387,096
67$387,917$349,715$338,896$392,732
68$404,169$343,536$326,933$396,217
69$421,345$336,319$313,835$399,548
70$439,514$327,991$299,542$402,720
71$458,756$318,474$283,987$405,729
72$479,154$307,684$267,106$408,573
73$500,802$295,535$248,828$411,250
74$523,799$281,932$229,079$413,761
75$548,258$266,778$207,785$416,109
76$574,299$249,969$184,864$418,299
77$602,055$231,395$160,235$420,338
78$631,672$210,940$133,809$422,238
79$663,307$188,481$105,497$424,012
80$697,137$163,889$75,203$425,680
81$733,351$137,026$42,829$427,265
82$772,161$107,747$8,271$428,795
83$813,795$75,901$0$430,305
84$858,506$41,324$0$437,331
85$906,571$3,847$0$446,480
86$958,295$0$0$456,244
87$1,014,011$0$0$481,661
88$1,074,086$0$0$510,785
89$1,138,923$0$0$542,249
90$1,208,965$0$0$576,273
91$1,284,698$0$0$613,096
92$1,366,658$0$0$652,984
93$1,455,430$0$0$696,227
94$1,551,663$0$0$743,145
95$1,656,067$0$0$794,090
96$1,769,424$0$0$849,448
97$1,892,592$0$0$909,645
98$2,026,518$0$0$975,149
99$2,172,243$0$0$1,046,475
100$2,330,910$0$0$1,124,190