Can I retire at age 66 with 385,000?

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 $385,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.6%
1 years$31,793$31,510$31,233$30,964$30,700$29,995
2 years$15,739$15,446$15,162$14,886$14,619$13,912
3 years$10,388$10,094$9,811$9,538$9,275$8,589
4 years$7,714$7,420$7,140$6,872$6,615$5,955
5 years$6,109$5,818$5,541$5,278$5,029$4,396
6 years$5,040$4,750$4,478$4,221$3,979$3,375
7 years$4,277$3,989$3,721$3,470$3,236$2,661
8 years$3,704$3,420$3,156$2,911$2,685$2,138
9 years$3,259$2,977$2,718$2,480$2,261$1,742
10 years$2,904$2,624$2,370$2,137$1,926$1,435
11 years$2,613$2,336$2,086$1,860$1,657$1,192
12 years$2,370$2,097$1,851$1,632$1,436$997
13 years$2,166$1,895$1,654$1,440$1,252$838
14 years$1,990$1,723$1,486$1,279$1,097$708
15 years$1,838$1,574$1,342$1,140$966$600
16 years$1,706$1,444$1,217$1,021$854$510
17 years$1,589$1,330$1,107$917$757$435
18 years$1,485$1,229$1,011$827$673$372
19 years$1,392$1,139$925$747$600$318
20 years$1,308$1,058$849$677$536$273
21 years$1,233$986$781$614$480$234
22 years$1,165$920$720$558$430$201
23 years$1,102$861$665$508$386$173
24 years$1,045$806$615$464$347$149
25 years$993$757$569$424$312$128
26 years$944$711$528$387$281$111
27 years$900$669$490$354$254$95
28 years$858$631$456$325$229$82
29 years$820$595$424$298$207$71
30 years$784$562$395$273$187$61
31 years$750$531$368$251$169$53
32 years$719$503$344$231$153$46
33 years$689$476$321$212$138$39
34 years$662$451$300$195$125$34
35 years$636$428$280$180$113$29
36 years$611$406$262$165$103$25
37 years$588$386$245$152$93$22
38 years$567$367$230$141$84$19
39 years$546$349$215$130$76$16
40 years$526$332$202$120$69$14
41 years$508$316$189$110$63$12
42 years$490$301$178$102$57$11
43 years$473$286$167$94$52$9
44 years$457$273$156$87$47$8
45 years$442$260$147$80$43$7
46 years$428$248$138$74$39$6
47 years$414$237$130$68$35$5
48 years$401$226$122$63$32$4
49 years$388$216$114$58$29$4
50 years$376$206$108$54$26$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $385,000, adding $3,222 every year, while hoping to spend $27,040 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: 62/28/10 Blend
65$385,000$385,000$385,000$385,000
66$427,593$407,188$401,221$452,948
67$442,438$398,370$385,892$461,493
68$457,890$388,214$369,142$467,409
69$473,983$376,625$350,897$473,190
70$490,754$363,504$331,076$478,823
71$508,240$348,745$309,597$484,296
72$526,484$332,237$286,372$489,595
73$545,531$313,863$261,311$494,706
74$565,429$293,496$234,319$499,617
75$586,231$271,005$205,297$504,314
76$607,993$246,250$174,140$508,785
77$630,776$219,085$140,742$513,017
78$654,648$189,352$104,990$516,999
79$679,680$156,888$66,765$520,718
80$705,950$121,519$25,944$524,165
81$733,543$83,060$0$527,330
82$762,552$41,317$0$532,086
83$793,077$0$0$539,624
84$825,227$0$0$548,388
85$859,120$0$0$571,059
86$894,887$0$0$594,994
87$932,669$0$0$620,291
88$972,619$0$0$647,052
89$1,014,905$0$0$675,394
90$1,059,712$0$0$705,440
91$1,107,240$0$0$737,327
92$1,157,708$0$0$771,204
93$1,211,355$0$0$807,235
94$1,268,445$0$0$845,598
95$1,329,265$0$0$886,489
96$1,394,128$0$0$930,122
97$1,463,380$0$0$976,732
98$1,537,397$0$0$1,026,576
99$1,616,594$0$0$1,079,935
100$1,701,424$0$0$1,137,120