Can I retire at age 66 with 368,000?

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 $368,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.2%
1 years$30,389$30,118$29,854$29,597$29,345$28,835
2 years$15,044$14,764$14,492$14,229$13,974$13,462
3 years$9,930$9,648$9,378$9,117$8,866$8,367
4 years$7,373$7,093$6,824$6,568$6,323$5,842
5 years$5,840$5,561$5,296$5,045$4,807$4,345
6 years$4,817$4,541$4,280$4,034$3,803$3,361
7 years$4,088$3,813$3,557$3,317$3,093$2,671
8 years$3,541$3,269$3,016$2,783$2,566$2,163
9 years$3,115$2,846$2,598$2,370$2,161$1,777
10 years$2,775$2,509$2,265$2,043$1,841$1,477
11 years$2,497$2,233$1,994$1,778$1,584$1,238
12 years$2,266$2,004$1,770$1,560$1,372$1,044
13 years$2,070$1,811$1,581$1,377$1,197$886
14 years$1,902$1,647$1,421$1,222$1,049$756
15 years$1,757$1,504$1,283$1,090$924$647
16 years$1,630$1,380$1,163$976$816$556
17 years$1,519$1,271$1,058$877$724$479
18 years$1,419$1,174$966$790$644$413
19 years$1,330$1,088$884$714$574$357
20 years$1,251$1,011$812$647$512$309
21 years$1,179$942$746$587$458$268
22 years$1,113$879$688$534$411$233
23 years$1,054$823$635$486$369$203
24 years$999$771$588$443$332$176
25 years$949$723$544$405$298$154
26 years$903$680$505$370$269$134
27 years$860$640$469$339$242$117
28 years$820$603$436$310$219$102
29 years$783$569$405$285$197$89
30 years$749$537$378$261$178$78
31 years$717$508$352$240$161$68
32 years$687$480$328$221$146$59
33 years$659$455$307$203$132$52
34 years$633$431$287$187$120$45
35 years$608$409$268$172$108$40
36 years$584$388$251$158$98$35
37 years$562$369$235$146$89$30
38 years$542$350$220$134$81$27
39 years$522$333$206$124$73$23
40 years$503$317$193$114$66$20
41 years$485$302$181$105$60$18
42 years$469$287$170$97$55$16
43 years$452$274$159$90$50$14
44 years$437$261$149$83$45$12
45 years$423$249$140$77$41$10
46 years$409$237$132$71$37$9
47 years$396$227$124$65$34$8
48 years$383$216$116$60$31$7
49 years$371$207$109$56$28$6
50 years$359$197$103$52$25$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $368,000, adding $2,513 every year, while hoping to spend $26,135 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: 70/12/18 Blend
65$368,000$368,000$368,000$368,000
66$408,128$388,624$382,920$434,769
67$421,950$379,859$367,941$444,073
68$436,305$369,789$351,583$450,910
69$451,222$358,322$333,774$457,735
70$466,727$345,361$314,437$464,545
71$482,853$330,803$293,490$471,335
72$499,632$314,541$270,850$478,102
73$517,100$296,458$246,429$484,843
74$535,295$276,435$220,135$491,554
75$554,256$254,342$191,871$498,233
76$574,030$230,044$161,538$504,878
77$594,662$203,398$129,031$511,489
78$616,205$174,251$94,240$518,065
79$638,712$142,444$57,052$524,608
80$662,245$107,808$17,347$531,121
81$686,867$70,164$0$537,607
82$712,648$29,322$0$548,880
83$739,664$0$0$564,008
84$767,998$0$0$581,663
85$797,737$0$0$604,265
86$828,978$0$0$628,015
87$861,827$0$0$652,994
88$896,398$0$0$679,289
89$932,816$0$0$706,998
90$971,215$0$0$736,222
91$1,011,743$0$0$767,077
92$1,054,560$0$0$799,685
93$1,099,844$0$0$834,182
94$1,147,784$0$0$870,715
95$1,198,591$0$0$909,444
96$1,252,492$0$0$950,547
97$1,309,739$0$0$994,214
98$1,370,603$0$0$1,040,657
99$1,435,385$0$0$1,090,106
100$1,504,411$0$0$1,142,813