Can I retire at age 66 with 354,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $354,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11%
1 years$29,233$28,973$28,719$28,471$28,228$28,110
2 years$14,472$14,202$13,941$13,688$13,442$13,322
3 years$9,552$9,281$9,021$8,770$8,528$8,411
4 years$7,093$6,823$6,565$6,318$6,082$5,968
5 years$5,617$5,349$5,095$4,853$4,624$4,514
6 years$4,634$4,368$4,117$3,881$3,659$3,552
7 years$3,932$3,668$3,421$3,191$2,975$2,873
8 years$3,406$3,144$2,902$2,677$2,468$2,370
9 years$2,997$2,738$2,499$2,280$2,079$1,985
10 years$2,670$2,413$2,179$1,965$1,771$1,681
11 years$2,402$2,148$1,918$1,710$1,523$1,437
12 years$2,180$1,928$1,702$1,500$1,320$1,238
13 years$1,991$1,743$1,521$1,325$1,151$1,072
14 years$1,830$1,584$1,367$1,176$1,009$934
15 years$1,690$1,447$1,234$1,049$888$817
16 years$1,568$1,328$1,119$939$785$717
17 years$1,461$1,223$1,018$844$696$632
18 years$1,365$1,130$929$760$619$558
19 years$1,280$1,047$851$687$552$494
20 years$1,203$973$781$622$493$438
21 years$1,134$906$718$565$441$389
22 years$1,071$846$662$513$395$346
23 years$1,013$791$611$468$355$308
24 years$961$741$565$426$319$275
25 years$913$696$523$389$287$246
26 years$868$654$485$356$259$220
27 years$827$615$451$326$233$196
28 years$789$580$419$299$210$176
29 years$754$547$390$274$190$158
30 years$721$517$363$251$172$141
31 years$690$488$339$231$155$127
32 years$661$462$316$212$140$114
33 years$634$438$295$195$127$102
34 years$609$415$276$179$115$92
35 years$585$393$258$165$104$82
36 years$562$373$241$152$94$74
37 years$541$355$226$140$86$66
38 years$521$337$211$129$78$60
39 years$502$320$198$119$70$54
40 years$484$305$186$110$64$48
41 years$467$290$174$101$58$43
42 years$451$276$163$94$53$39
43 years$435$263$153$86$48$35
44 years$421$251$144$80$43$32
45 years$407$239$135$74$39$28
46 years$393$228$127$68$36$26
47 years$381$218$119$63$32$23
48 years$368$208$112$58$29$21
49 years$357$199$105$54$27$19
50 years$346$190$99$50$24$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $354,000, adding $3,470 every year, while hoping to spend $21,190 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: 58/34/8 Blend
65$354,000$354,000$354,000$354,000
66$393,687$374,925$369,438$415,614
67$411,297$370,751$359,268$426,591
68$429,994$365,661$348,048$435,854
69$449,864$359,590$335,719$445,427
70$471,006$352,465$322,221$455,342
71$493,525$344,212$307,491$465,635
72$517,536$334,751$291,464$476,346
73$543,168$323,996$274,071$487,520
74$570,558$311,860$255,240$499,208
75$599,860$298,246$234,896$511,468
76$631,241$283,055$212,959$524,365
77$664,883$266,180$189,349$537,971
78$700,989$247,510$163,980$552,368
79$739,778$226,927$136,762$567,648
80$781,493$204,304$107,602$583,912
81$826,401$179,511$76,401$601,276
82$874,793$152,406$43,060$619,868
83$926,990$122,841$7,470$639,832
84$983,344$90,662$0$661,328
85$1,044,243$55,703$0$687,141
86$1,110,113$17,789$0$715,715
87$1,181,422$0$0$746,646
88$1,258,683$0$0$788,896
89$1,342,463$0$0$841,953
90$1,433,383$0$0$899,558
91$1,532,128$0$0$962,149
92$1,639,449$0$0$1,030,205
93$1,756,176$0$0$1,104,256
94$1,883,218$0$0$1,184,882
95$2,021,577$0$0$1,272,724
96$2,172,356$0$0$1,368,485
97$2,336,770$0$0$1,472,941
98$2,516,152$0$0$1,586,946
99$2,711,974$0$0$1,711,437
100$2,925,854$0$0$1,847,449