Can I retire at age 66 with 354,000?

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 $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%11.9%
1 years$29,233$28,973$28,719$28,471$28,228$28,004
2 years$14,472$14,202$13,941$13,688$13,442$13,215
3 years$9,552$9,281$9,021$8,770$8,528$8,307
4 years$7,093$6,823$6,565$6,318$6,082$5,868
5 years$5,617$5,349$5,095$4,853$4,624$4,417
6 years$4,634$4,368$4,117$3,881$3,659$3,459
7 years$3,932$3,668$3,421$3,191$2,975$2,784
8 years$3,406$3,144$2,902$2,677$2,468$2,285
9 years$2,997$2,738$2,499$2,280$2,079$1,903
10 years$2,670$2,413$2,179$1,965$1,771$1,603
11 years$2,402$2,148$1,918$1,710$1,523$1,363
12 years$2,180$1,928$1,702$1,500$1,320$1,167
13 years$1,991$1,743$1,521$1,325$1,151$1,006
14 years$1,830$1,584$1,367$1,176$1,009$871
15 years$1,690$1,447$1,234$1,049$888$757
16 years$1,568$1,328$1,119$939$785$661
17 years$1,461$1,223$1,018$844$696$578
18 years$1,365$1,130$929$760$619$507
19 years$1,280$1,047$851$687$552$446
20 years$1,203$973$781$622$493$393
21 years$1,134$906$718$565$441$347
22 years$1,071$846$662$513$395$307
23 years$1,013$791$611$468$355$271
24 years$961$741$565$426$319$240
25 years$913$696$523$389$287$213
26 years$868$654$485$356$259$189
27 years$827$615$451$326$233$168
28 years$789$580$419$299$210$149
29 years$754$547$390$274$190$133
30 years$721$517$363$251$172$118
31 years$690$488$339$231$155$105
32 years$661$462$316$212$140$94
33 years$634$438$295$195$127$84
34 years$609$415$276$179$115$74
35 years$585$393$258$165$104$66
36 years$562$373$241$152$94$59
37 years$541$355$226$140$86$53
38 years$521$337$211$129$78$47
39 years$502$320$198$119$70$42
40 years$484$305$186$110$64$38
41 years$467$290$174$101$58$34
42 years$451$276$163$94$53$30
43 years$435$263$153$86$48$27
44 years$421$251$144$80$43$24
45 years$407$239$135$74$39$21
46 years$393$228$127$68$36$19
47 years$381$218$119$63$32$17
48 years$368$208$112$58$29$15
49 years$357$199$105$54$27$14
50 years$346$190$99$50$24$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $354,000, adding $2,219 every year, while hoping to spend $23,038 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: 72/15/13 Blend
65$354,000$354,000$354,000$354,000
66$392,397$373,635$368,148$419,402
67$407,909$367,431$355,969$431,380
68$424,231$360,150$342,609$441,456
69$441,422$351,717$328,006$451,875
70$459,545$342,049$312,092$462,664
71$478,669$331,059$294,797$473,857
72$498,869$318,657$276,049$485,489
73$520,228$304,746$255,771$497,599
74$542,836$289,223$233,883$510,233
75$566,790$271,980$210,303$523,440
76$592,198$252,902$184,944$537,275
77$619,177$231,869$157,714$551,800
78$647,854$208,752$128,519$567,084
79$678,371$183,417$97,261$583,203
80$710,881$155,720$63,834$600,244
81$745,550$125,510$28,133$618,300
82$782,564$92,628$0$637,478
83$822,124$56,905$0$659,279
84$864,451$18,164$0$686,705
85$909,787$0$0$716,011
86$958,398$0$0$751,304
87$1,010,575$0$0$792,416
88$1,066,639$0$0$836,603
89$1,126,940$0$0$884,142
90$1,191,864$0$0$935,340
91$1,261,835$0$0$990,532
92$1,337,317$0$0$1,050,087
93$1,418,822$0$0$1,114,410
94$1,506,912$0$0$1,183,946
95$1,602,202$0$0$1,259,185
96$1,705,372$0$0$1,340,664
97$1,817,167$0$0$1,428,975
98$1,938,407$0$0$1,524,767
99$2,069,995$0$0$1,628,757
100$2,212,921$0$0$1,741,730