Can I retire at age 66 with 381,000?

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 $381,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.1%
1 years$31,463$31,182$30,909$30,642$30,381$30,114
2 years$15,576$15,285$15,004$14,732$14,467$14,198
3 years$10,281$9,989$9,709$9,439$9,179$8,916
4 years$7,634$7,343$7,066$6,800$6,546$6,292
5 years$6,046$5,757$5,483$5,223$4,976$4,731
6 years$4,988$4,701$4,431$4,177$3,938$3,702
7 years$4,232$3,948$3,682$3,434$3,202$2,976
8 years$3,666$3,384$3,123$2,881$2,657$2,439
9 years$3,225$2,947$2,690$2,454$2,237$2,029
10 years$2,873$2,597$2,345$2,115$1,906$1,708
11 years$2,586$2,312$2,064$1,841$1,639$1,450
12 years$2,346$2,075$1,832$1,615$1,421$1,240
13 years$2,143$1,875$1,637$1,426$1,239$1,067
14 years$1,970$1,705$1,471$1,265$1,086$923
15 years$1,819$1,557$1,328$1,129$956$801
16 years$1,688$1,429$1,204$1,010$845$698
17 years$1,572$1,316$1,096$908$749$610
18 years$1,469$1,216$1,000$818$666$535
19 years$1,377$1,127$916$739$594$470
20 years$1,295$1,047$840$670$530$413
21 years$1,220$975$773$608$475$364
22 years$1,153$910$712$553$425$321
23 years$1,091$852$658$503$382$284
24 years$1,034$798$608$459$343$251
25 years$982$749$563$419$309$222
26 years$934$704$522$383$278$197
27 years$890$662$485$351$251$175
28 years$849$624$451$321$226$155
29 years$811$589$420$295$204$138
30 years$776$556$391$270$185$122
31 years$742$526$364$248$167$109
32 years$711$497$340$228$151$97
33 years$682$471$318$210$137$86
34 years$655$446$297$193$124$77
35 years$629$423$277$178$112$68
36 years$605$402$259$164$102$61
37 years$582$382$243$151$92$54
38 years$561$363$227$139$83$48
39 years$540$345$213$128$76$43
40 years$521$328$200$118$69$38
41 years$503$312$187$109$62$34
42 years$485$297$176$101$57$30
43 years$468$283$165$93$51$27
44 years$453$270$155$86$47$24
45 years$438$258$145$79$42$21
46 years$423$246$136$73$38$19
47 years$410$235$128$68$35$17
48 years$396$224$120$63$32$15
49 years$384$214$113$58$29$14
50 years$372$204$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 $381,000, adding $3,708 every year, while hoping to spend $24,635 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: 33/48/19 Blend
65$381,000$381,000$381,000$381,000
66$423,687$403,494$397,588$435,075
67$440,691$397,054$384,696$437,393
68$458,605$389,472$370,546$437,364
69$477,494$380,667$355,071$436,815
70$497,431$370,553$338,198$435,715
71$518,495$359,036$319,855$434,032
72$540,774$346,021$299,962$431,733
73$564,360$331,404$278,438$428,785
74$589,358$315,076$255,199$425,155
75$615,880$296,922$230,155$420,806
76$644,049$276,820$203,215$415,705
77$674,000$254,642$174,280$409,818
78$705,879$230,251$143,250$403,108
79$739,849$203,504$110,019$395,542
80$776,086$174,248$74,477$387,086
81$814,784$142,323$36,509$377,707
82$856,154$107,559$0$367,373
83$900,429$69,777$0$356,866
84$947,864$28,787$0$353,297
85$998,739$0$0$349,257
86$1,053,360$0$0$352,998
87$1,112,064$0$0$373,399
88$1,175,220$0$0$395,389
89$1,243,235$0$0$419,116
90$1,316,553$0$0$444,739
91$1,395,666$0$0$472,437
92$1,481,109$0$0$502,403
93$1,573,475$0$0$534,852
94$1,673,413$0$0$570,019
95$1,781,637$0$0$608,162
96$1,898,933$0$0$649,565
97$2,026,163$0$0$694,542
98$2,164,277$0$0$743,437
99$2,314,319$0$0$796,627
100$2,477,437$0$0$854,529