Can I retire at age 66 with 361,000?

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 $361,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.4%
1 years$29,811$29,546$29,286$29,034$28,787$28,617
2 years$14,758$14,483$14,217$13,958$13,708$13,537
3 years$9,741$9,465$9,199$8,943$8,697$8,530
4 years$7,233$6,958$6,695$6,443$6,203$6,041
5 years$5,728$5,455$5,195$4,949$4,715$4,559
6 years$4,726$4,454$4,199$3,958$3,731$3,580
7 years$4,010$3,741$3,489$3,254$3,034$2,889
8 years$3,473$3,207$2,959$2,730$2,517$2,378
9 years$3,056$2,792$2,549$2,325$2,120$1,987
10 years$2,723$2,461$2,222$2,004$1,806$1,679
11 years$2,450$2,191$1,956$1,744$1,553$1,432
12 years$2,223$1,966$1,736$1,530$1,346$1,230
13 years$2,031$1,777$1,551$1,351$1,174$1,063
14 years$1,866$1,615$1,394$1,199$1,029$923
15 years$1,724$1,476$1,258$1,069$906$806
16 years$1,599$1,354$1,141$957$801$705
17 years$1,490$1,247$1,038$860$710$619
18 years$1,392$1,152$948$775$631$545
19 years$1,305$1,068$867$701$563$481
20 years$1,227$992$796$634$503$426
21 years$1,156$924$732$576$450$377
22 years$1,092$863$675$524$403$335
23 years$1,033$807$623$477$362$297
24 years$980$756$576$435$325$264
25 years$931$709$534$397$293$235
26 years$885$667$495$363$264$210
27 years$843$628$460$332$238$187
28 years$805$591$427$305$214$167
29 years$768$558$398$279$194$149
30 years$735$527$370$256$175$133
31 years$703$498$345$235$158$119
32 years$674$471$322$216$143$106
33 years$646$446$301$199$130$95
34 years$621$423$281$183$117$85
35 years$596$401$263$168$106$76
36 years$573$381$246$155$96$68
37 years$552$362$230$143$87$61
38 years$531$344$215$132$79$55
39 years$512$327$202$122$72$49
40 years$494$311$189$112$65$44
41 years$476$296$177$103$59$39
42 years$460$282$166$95$54$35
43 years$444$269$156$88$49$32
44 years$429$256$147$81$44$28
45 years$415$244$138$75$40$26
46 years$401$233$129$69$36$23
47 years$388$222$121$64$33$21
48 years$376$212$114$59$30$18
49 years$364$203$107$55$27$17
50 years$352$194$101$51$25$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $361,000, adding $4,260 every year, while hoping to spend $25,486 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: 57/36/7 Blend
65$361,000$361,000$361,000$361,000
66$402,216$383,083$377,488$424,282
67$416,125$374,737$363,017$431,282
68$430,599$365,128$347,207$435,667
69$445,668$354,168$329,986$439,817
70$461,365$341,761$311,279$443,709
71$477,726$327,808$291,009$447,324
72$494,788$312,206$269,092$450,639
73$512,594$294,841$245,444$453,633
74$531,187$275,596$219,974$456,282
75$550,614$254,347$192,590$458,563
76$570,929$230,962$163,194$460,451
77$592,187$205,302$131,684$461,922
78$614,448$177,220$97,954$462,951
79$637,779$146,561$61,892$463,513
80$662,249$113,160$23,382$463,581
81$687,938$76,844$0$463,131
82$714,928$37,429$0$463,459
83$743,311$0$0$465,168
84$773,186$0$0$468,585
85$804,661$0$0$487,817
86$837,853$0$0$508,112
87$872,892$0$0$529,548
88$909,916$0$0$552,214
89$949,078$0$0$576,204
90$990,545$0$0$601,622
91$1,034,498$0$0$628,583
92$1,081,136$0$0$657,210
93$1,130,677$0$0$687,639
94$1,183,358$0$0$720,018
95$1,239,439$0$0$754,511
96$1,299,204$0$0$791,295
97$1,362,966$0$0$830,565
98$1,431,066$0$0$872,536
99$1,503,877$0$0$917,441
100$1,581,812$0$0$965,538