Can I retire at age 66 with 348,000?

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 $348,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.5%
1 years$28,738$28,482$28,232$27,988$27,750$27,234
2 years$14,226$13,962$13,705$13,456$13,214$12,697
3 years$9,390$9,124$8,868$8,621$8,384$7,880
4 years$6,972$6,707$6,454$6,211$5,979$5,494
5 years$5,522$5,258$5,008$4,771$4,545$4,079
6 years$4,556$4,294$4,047$3,815$3,597$3,151
7 years$3,866$3,606$3,363$3,137$2,925$2,499
8 years$3,348$3,091$2,852$2,631$2,427$2,021
9 years$2,946$2,691$2,457$2,241$2,044$1,657
10 years$2,624$2,372$2,142$1,932$1,741$1,374
11 years$2,362$2,112$1,886$1,681$1,497$1,150
12 years$2,143$1,896$1,673$1,475$1,298$968
13 years$1,958$1,713$1,495$1,302$1,132$820
14 years$1,799$1,557$1,343$1,156$992$698
15 years$1,662$1,422$1,213$1,031$873$596
16 years$1,542$1,305$1,100$923$772$511
17 years$1,436$1,202$1,001$829$684$439
18 years$1,342$1,111$913$747$609$378
19 years$1,258$1,029$836$675$542$326
20 years$1,183$956$767$612$485$282
21 years$1,115$891$706$555$434$244
22 years$1,053$832$651$505$389$212
23 years$996$778$601$460$349$184
24 years$945$729$556$419$314$159
25 years$897$684$515$383$282$138
26 years$853$643$477$350$254$120
27 years$813$605$443$320$229$105
28 years$776$570$412$294$207$91
29 years$741$538$383$269$187$79
30 years$708$508$357$247$169$69
31 years$678$480$333$227$153$60
32 years$650$454$311$209$138$53
33 years$623$430$290$192$125$46
34 years$598$408$271$176$113$40
35 years$575$387$253$162$102$35
36 years$553$367$237$150$93$30
37 years$532$349$222$138$84$27
38 years$512$331$208$127$76$23
39 years$493$315$195$117$69$20
40 years$476$300$182$108$63$18
41 years$459$285$171$100$57$15
42 years$443$272$160$92$52$13
43 years$428$259$151$85$47$12
44 years$413$247$141$78$43$10
45 years$400$235$133$72$39$9
46 years$387$224$125$67$35$8
47 years$374$214$117$62$32$7
48 years$362$205$110$57$29$6
49 years$351$195$103$53$26$5
50 years$340$187$97$49$24$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $348,000, adding $2,534 every year, while hoping to spend $26,221 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: 56/20/24 Blend
65$348,000$348,000$348,000$348,000
66$386,110$367,666$362,272$405,074
67$397,594$357,783$346,509$408,465
68$409,371$346,536$329,339$409,181
69$421,442$333,832$310,688$409,407
70$433,810$319,571$290,477$409,104
71$446,475$303,646$268,624$408,231
72$459,437$285,946$245,044$406,742
73$472,695$266,352$219,648$404,590
74$486,246$244,740$192,343$401,726
75$500,088$220,977$163,031$398,093
76$514,215$194,923$131,611$393,636
77$528,621$166,431$97,976$388,294
78$543,299$135,344$62,016$382,000
79$558,237$101,498$23,616$374,686
80$573,425$64,718$0$366,277
81$588,846$24,821$0$361,142
82$604,483$0$0$361,492
83$620,316$0$0$365,264
84$636,321$0$0$374,588
85$652,469$0$0$383,983
86$668,728$0$0$393,429
87$685,061$0$0$402,903
88$701,427$0$0$412,376
89$717,776$0$0$421,820
90$734,054$0$0$431,200
91$750,199$0$0$440,477
92$766,141$0$0$449,606
93$781,800$0$0$458,540
94$797,089$0$0$467,221
95$811,907$0$0$475,588
96$826,141$0$0$483,571
97$839,668$0$0$491,091
98$852,346$0$0$498,062
99$864,018$0$0$504,385
100$874,511$0$0$509,952