Can I retire at age 66 with 369,000?

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 $369,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.8%
1 years$30,472$30,200$29,935$29,677$29,425$28,609
2 years$15,085$14,804$14,532$14,268$14,012$13,196
3 years$9,957$9,675$9,403$9,141$8,890$8,099
4 years$7,393$7,112$6,843$6,586$6,340$5,582
5 years$5,855$5,576$5,310$5,059$4,820$4,095
6 years$4,831$4,553$4,292$4,045$3,814$3,123
7 years$4,099$3,824$3,566$3,326$3,102$2,445
8 years$3,550$3,278$3,025$2,790$2,573$1,951
9 years$3,124$2,854$2,605$2,377$2,167$1,578
10 years$2,783$2,515$2,271$2,049$1,846$1,290
11 years$2,504$2,239$1,999$1,783$1,588$1,064
12 years$2,272$2,010$1,774$1,564$1,376$882
13 years$2,076$1,816$1,585$1,381$1,200$736
14 years$1,908$1,651$1,424$1,226$1,052$617
15 years$1,762$1,508$1,286$1,093$926$518
16 years$1,635$1,384$1,166$979$818$437
17 years$1,523$1,274$1,061$879$726$369
18 years$1,423$1,178$969$792$645$313
19 years$1,334$1,091$887$716$575$265
20 years$1,254$1,014$814$649$514$225
21 years$1,182$945$749$589$460$192
22 years$1,116$882$690$535$412$163
23 years$1,056$825$637$487$370$139
24 years$1,002$773$589$445$332$119
25 years$951$725$546$406$299$101
26 years$905$682$506$371$270$86
27 years$862$641$470$340$243$74
28 years$822$604$437$311$219$63
29 years$786$570$407$285$198$54
30 years$751$538$379$262$179$46
31 years$719$509$353$241$162$39
32 years$689$482$329$221$146$34
33 years$661$456$308$203$132$29
34 years$634$432$287$187$120$25
35 years$610$410$269$172$109$21
36 years$586$389$251$159$98$18
37 years$564$370$235$146$89$15
38 years$543$351$220$135$81$13
39 years$523$334$206$124$73$11
40 years$504$318$193$115$66$10
41 years$487$303$181$106$60$8
42 years$470$288$170$98$55$7
43 years$454$275$160$90$50$6
44 years$438$262$150$83$45$5
45 years$424$250$141$77$41$4
46 years$410$238$132$71$37$4
47 years$397$227$124$66$34$3
48 years$384$217$117$61$31$3
49 years$372$207$110$56$28$2
50 years$360$198$103$52$25$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $369,000, adding $3,204 every year, while hoping to spend $30,960 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: 32/42/26 Blend
65$369,000$369,000$369,000$369,000
66$409,943$390,386$384,666$419,718
67$418,816$376,574$364,612$413,617
68$427,556$361,047$342,847$404,074
69$436,118$343,689$319,283$393,180
70$444,449$324,377$293,826$380,837
71$452,490$302,979$266,377$366,940
72$460,178$279,358$236,834$351,379
73$467,437$253,368$205,090$334,033
74$474,188$224,855$171,032$314,777
75$480,337$193,655$134,544$293,474
76$485,784$159,597$95,504$269,982
77$490,415$122,498$53,784$244,144
78$494,103$82,166$9,251$215,797
79$496,708$38,399$0$184,763
80$498,073$0$0$161,473
81$498,024$0$0$142,704
82$496,369$0$0$141,083
83$492,892$0$0$138,787
84$487,357$0$0$135,732
85$479,498$0$0$131,823
86$469,025$0$0$126,956
87$455,613$0$0$121,015
88$438,904$0$0$113,874
89$418,500$0$0$105,390
90$393,962$0$0$95,408
91$364,803$0$0$83,754
92$330,486$0$0$70,239
93$290,415$0$0$54,650
94$243,934$0$0$36,754
95$190,313$0$0$16,293
96$128,751$0$0$0
97$58,359$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0