Can I retire at age 66 with 345,000?

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 $345,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.8%
1 years$28,490$28,236$27,988$27,747$27,511$26,857
2 years$14,104$13,841$13,587$13,340$13,100$12,445
3 years$9,309$9,045$8,791$8,547$8,311$7,676
4 years$6,912$6,649$6,398$6,158$5,928$5,316
5 years$5,475$5,213$4,965$4,730$4,506$3,921
6 years$4,516$4,257$4,012$3,782$3,566$3,007
7 years$3,832$3,575$3,334$3,110$2,900$2,368
8 years$3,319$3,064$2,828$2,609$2,406$1,900
9 years$2,921$2,668$2,436$2,222$2,026$1,546
10 years$2,602$2,352$2,123$1,915$1,726$1,272
11 years$2,341$2,094$1,869$1,667$1,485$1,055
12 years$2,124$1,879$1,659$1,462$1,286$881
13 years$1,941$1,698$1,482$1,291$1,122$740
14 years$1,784$1,544$1,332$1,146$983$624
15 years$1,647$1,410$1,202$1,022$866$529
16 years$1,528$1,294$1,090$915$765$449
17 years$1,424$1,192$992$822$679$382
18 years$1,331$1,101$906$741$603$326
19 years$1,247$1,020$829$669$538$279
20 years$1,173$948$761$606$480$238
21 years$1,105$883$700$550$430$204
22 years$1,044$824$645$500$385$175
23 years$988$771$596$456$346$151
24 years$936$722$551$416$311$129
25 years$889$678$510$380$280$111
26 years$846$637$473$347$252$96
27 years$806$600$439$318$227$82
28 years$769$565$408$291$205$71
29 years$734$533$380$267$185$61
30 years$702$503$354$245$167$53
31 years$672$476$330$225$151$45
32 years$644$450$308$207$137$39
33 years$618$426$288$190$124$34
34 years$593$404$269$175$112$29
35 years$570$383$251$161$102$25
36 years$548$364$235$148$92$22
37 years$527$346$220$137$83$19
38 years$508$328$206$126$76$16
39 years$489$312$193$116$69$14
40 years$472$297$181$107$62$12
41 years$455$283$170$99$56$10
42 years$439$269$159$91$51$9
43 years$424$257$149$84$46$8
44 years$410$245$140$78$42$7
45 years$396$233$132$72$38$6
46 years$383$223$124$66$35$5
47 years$371$212$116$61$32$4
48 years$359$203$109$57$29$4
49 years$348$194$103$52$26$3
50 years$337$185$96$48$24$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $345,000, adding $5,654 every year, while hoping to spend $21,396 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: 63/22/15 Blend
65$345,000$345,000$345,000$345,000
66$386,022$367,737$362,390$408,579
67$402,631$362,991$351,764$419,657
68$420,217$357,295$340,066$428,796
69$438,857$350,581$327,237$438,257
70$458,636$342,774$313,214$448,074
71$479,645$333,798$297,935$458,283
72$501,985$323,571$281,332$468,923
73$525,766$312,004$263,335$480,042
74$551,109$299,008$243,872$491,689
75$578,146$284,483$222,866$503,923
76$607,022$268,328$200,237$516,807
77$637,896$250,433$175,902$530,415
78$670,940$230,683$149,773$544,826
79$706,347$208,957$121,761$560,132
80$744,324$185,126$91,770$576,432
81$785,102$159,054$59,702$593,840
82$828,932$130,598$25,452$612,482
83$876,091$99,605$0$632,497
84$926,883$65,916$0$655,818
85$981,640$29,361$0$685,307
86$1,040,729$0$0$717,098
87$1,104,553$0$0$753,905
88$1,173,553$0$0$801,401
89$1,248,216$0$0$852,816
90$1,329,076$0$0$908,520
91$1,416,720$0$0$968,920
92$1,511,794$0$0$1,034,465
93$1,615,009$0$0$1,105,647
94$1,727,145$0$0$1,183,007
95$1,849,062$0$0$1,267,143
96$1,981,707$0$0$1,358,710
97$2,126,118$0$0$1,458,430
98$2,283,441$0$0$1,567,098
99$2,454,935$0$0$1,685,586
100$2,641,987$0$0$1,814,857