Can I retire at age 66 with 377,000?

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 $377,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16%
1 years$31,132$30,855$30,584$30,320$30,063$29,324
2 years$15,412$15,125$14,847$14,577$14,315$13,576
3 years$10,173$9,884$9,607$9,340$9,082$8,365
4 years$7,553$7,266$6,991$6,729$6,478$5,788
5 years$5,982$5,697$5,426$5,168$4,924$4,264
6 years$4,935$4,652$4,385$4,133$3,896$3,266
7 years$4,188$3,907$3,644$3,398$3,169$2,569
8 years$3,627$3,349$3,090$2,851$2,629$2,059
9 years$3,192$2,916$2,662$2,428$2,214$1,674
10 years$2,843$2,570$2,320$2,093$1,886$1,375
11 years$2,558$2,288$2,043$1,822$1,622$1,140
12 years$2,321$2,053$1,813$1,598$1,406$951
13 years$2,121$1,856$1,620$1,411$1,226$797
14 years$1,949$1,687$1,455$1,252$1,075$671
15 years$1,800$1,541$1,314$1,117$946$568
16 years$1,670$1,414$1,191$1,000$836$481
17 years$1,556$1,302$1,084$898$741$409
18 years$1,454$1,203$990$810$659$349
19 years$1,363$1,115$906$732$588$297
20 years$1,281$1,036$831$663$525$254
21 years$1,207$965$765$601$470$217
22 years$1,140$901$705$547$421$186
23 years$1,079$843$651$498$378$160
24 years$1,023$789$602$454$340$137
25 years$972$741$557$415$306$118
26 years$925$696$517$379$275$101
27 years$881$655$480$347$248$87
28 years$840$618$446$318$224$75
29 years$803$583$415$292$202$64
30 years$767$550$387$268$183$55
31 years$735$520$361$246$165$48
32 years$704$492$337$226$149$41
33 years$675$466$314$208$135$35
34 years$648$442$294$191$122$30
35 years$623$419$274$176$111$26
36 years$599$398$257$162$101$23
37 years$576$378$240$149$91$19
38 years$555$359$225$138$83$17
39 years$535$341$211$127$75$14
40 years$515$325$198$117$68$12
41 years$497$309$185$108$62$11
42 years$480$294$174$100$56$9
43 years$464$280$163$92$51$8
44 years$448$267$153$85$46$7
45 years$433$255$144$78$42$6
46 years$419$243$135$72$38$5
47 years$405$232$127$67$34$4
48 years$392$222$119$62$31$4
49 years$380$212$112$57$28$3
50 years$368$202$105$53$26$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $377,000, adding $6,985 every year, while hoping to spend $30,311 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: 55/35/10 Blend
65$377,000$377,000$377,000$377,000
66$422,659$402,678$396,835$444,478
67$433,520$390,159$377,878$447,527
68$444,472$376,010$357,270$446,919
69$455,494$360,120$334,924$445,536
70$466,559$342,370$310,749$443,310
71$477,637$322,636$284,649$440,167
72$488,696$300,785$256,524$436,028
73$499,696$276,677$226,271$430,808
74$510,595$250,163$193,780$424,416
75$521,343$221,089$158,940$416,751
76$531,885$189,288$121,629$407,709
77$542,160$154,585$81,726$397,174
78$552,098$116,797$39,101$385,024
79$561,620$75,728$0$371,126
80$570,639$31,173$0$356,019
81$579,058$0$0$343,363
82$586,768$0$0$335,412
83$593,646$0$0$338,943
84$599,558$0$0$341,869
85$604,351$0$0$344,096
86$607,857$0$0$345,522
87$609,890$0$0$346,033
88$610,242$0$0$345,502
89$608,680$0$0$343,788
90$604,950$0$0$340,735
91$598,765$0$0$336,170
92$589,812$0$0$329,901
93$577,739$0$0$321,715
94$562,160$0$0$311,376
95$542,644$0$0$298,623
96$518,717$0$0$283,167
97$489,852$0$0$264,688
98$455,467$0$0$242,833
99$414,917$0$0$217,209
100$367,491$0$0$187,385