Can I retire at age 66 with 379,000?

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 $379,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.2%
1 years$31,297$31,019$30,747$30,481$30,222$29,944
2 years$15,494$15,205$14,926$14,654$14,391$14,111
3 years$10,227$9,937$9,658$9,389$9,131$8,857
4 years$7,594$7,305$7,028$6,764$6,512$6,247
5 years$6,014$5,727$5,454$5,196$4,950$4,695
6 years$4,961$4,676$4,408$4,155$3,917$3,671
7 years$4,210$3,927$3,663$3,416$3,186$2,950
8 years$3,646$3,366$3,107$2,866$2,643$2,417
9 years$3,208$2,931$2,676$2,441$2,226$2,009
10 years$2,858$2,584$2,333$2,104$1,896$1,690
11 years$2,572$2,300$2,054$1,831$1,631$1,434
12 years$2,334$2,064$1,823$1,606$1,413$1,226
13 years$2,132$1,866$1,628$1,418$1,232$1,054
14 years$1,959$1,696$1,463$1,259$1,080$911
15 years$1,810$1,549$1,321$1,123$951$790
16 years$1,679$1,421$1,198$1,005$841$688
17 years$1,564$1,309$1,090$903$745$601
18 years$1,462$1,210$995$814$663$526
19 years$1,370$1,121$911$735$591$462
20 years$1,288$1,042$836$666$528$406
21 years$1,214$970$769$605$472$358
22 years$1,146$906$709$550$423$315
23 years$1,085$847$654$501$380$278
24 years$1,029$794$605$457$342$246
25 years$977$745$560$417$307$218
26 years$930$700$520$381$277$193
27 years$886$659$483$349$250$171
28 years$845$621$449$320$225$152
29 years$807$586$418$293$203$134
30 years$771$553$389$269$184$119
31 years$739$523$363$247$166$106
32 years$708$495$338$227$150$94
33 years$679$468$316$209$136$84
34 years$652$444$295$192$123$74
35 years$626$421$276$177$112$66
36 years$602$400$258$163$101$59
37 years$579$380$242$150$92$52
38 years$558$361$226$138$83$47
39 years$537$343$212$128$75$41
40 years$518$326$199$118$68$37
41 years$500$311$186$109$62$33
42 years$483$296$175$100$56$29
43 years$466$282$164$92$51$26
44 years$450$269$154$85$46$23
45 years$435$256$145$79$42$21
46 years$421$244$136$73$38$18
47 years$407$233$128$67$35$16
48 years$394$223$120$62$31$15
49 years$382$213$113$57$29$13
50 years$370$203$106$53$26$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $379,000, adding $5,188 every year, while hoping to spend $26,624 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: 59/30/11 Blend
65$379,000$379,000$379,000$379,000
66$423,009$402,922$397,048$446,550
67$437,829$394,338$382,021$454,421
68$453,267$384,440$365,599$459,547
69$469,360$373,137$347,706$464,492
70$486,145$360,331$328,264$469,239
71$503,662$345,918$307,192$473,774
72$521,956$329,789$284,403$478,081
73$541,074$311,827$259,809$482,145
74$561,068$291,910$233,317$485,949
75$581,992$269,909$204,828$489,478
76$603,906$245,686$174,241$492,716
77$626,877$219,097$141,450$495,648
78$650,973$189,987$106,344$498,259
79$676,272$158,197$68,806$500,534
80$702,857$123,554$28,717$502,461
81$730,819$85,877$0$504,028
82$760,255$44,978$0$506,873
83$791,272$653$0$513,041
84$823,987$0$0$519,166
85$858,528$0$0$540,880
86$895,033$0$0$564,069
87$933,652$0$0$588,615
88$974,551$0$0$614,627
89$1,017,911$0$0$642,220
90$1,063,927$0$0$671,521
91$1,112,817$0$0$702,671
92$1,164,815$0$0$735,822
93$1,220,179$0$0$771,141
94$1,279,191$0$0$808,810
95$1,342,161$0$0$849,031
96$1,409,428$0$0$892,023
97$1,481,363$0$0$938,026
98$1,558,372$0$0$987,304
99$1,640,902$0$0$1,040,147
100$1,729,443$0$0$1,096,873