Can I retire at age 66 with 387,000?

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 $387,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$31,958$31,673$31,396$31,125$30,860$30,691
2 years$15,821$15,526$15,241$14,964$14,695$14,525
3 years$10,442$10,147$9,862$9,587$9,323$9,157
4 years$7,754$7,459$7,177$6,907$6,649$6,488
5 years$6,141$5,848$5,569$5,305$5,055$4,899
6 years$5,066$4,775$4,501$4,243$4,000$3,849
7 years$4,299$4,010$3,740$3,488$3,253$3,108
8 years$3,723$3,437$3,172$2,926$2,699$2,560
9 years$3,276$2,993$2,732$2,492$2,273$2,140
10 years$2,919$2,638$2,382$2,149$1,936$1,809
11 years$2,626$2,349$2,097$1,870$1,665$1,544
12 years$2,383$2,108$1,861$1,640$1,443$1,327
13 years$2,177$1,905$1,663$1,448$1,258$1,148
14 years$2,001$1,732$1,494$1,285$1,103$998
15 years$1,848$1,582$1,349$1,146$971$871
16 years$1,715$1,451$1,223$1,026$858$763
17 years$1,597$1,337$1,113$922$761$671
18 years$1,493$1,235$1,016$831$677$591
19 years$1,399$1,145$930$751$603$522
20 years$1,315$1,064$853$680$539$462
21 years$1,239$991$785$617$482$409
22 years$1,171$925$724$561$432$363
23 years$1,108$865$668$511$388$323
24 years$1,050$810$618$466$349$288
25 years$998$761$572$426$314$256
26 years$949$715$531$389$283$229
27 years$904$673$493$356$255$204
28 years$863$634$458$326$230$182
29 years$824$598$426$299$208$163
30 years$788$565$397$275$188$146
31 years$754$534$370$252$170$130
32 years$723$505$345$232$153$117
33 years$693$478$323$213$139$104
34 years$665$453$301$196$126$93
35 years$639$430$282$181$114$84
36 years$615$408$264$166$103$75
37 years$591$388$247$153$94$67
38 years$570$368$231$141$85$60
39 years$549$350$216$130$77$54
40 years$529$333$203$120$70$49
41 years$510$317$190$111$63$44
42 years$493$302$178$102$57$39
43 years$476$288$167$94$52$35
44 years$460$274$157$87$47$31
45 years$445$262$148$81$43$28
46 years$430$250$139$74$39$25
47 years$416$238$130$69$35$23
48 years$403$227$122$64$32$20
49 years$390$217$115$59$29$18
50 years$378$207$108$54$27$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $387,000, adding $5,260 every year, while hoping to spend $29,975 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: 66/29/5 Blend
65$387,000$387,000$387,000$387,000
66$431,900$411,389$405,390$459,775
67$444,060$399,654$387,078$467,208
68$456,457$386,339$367,147$471,228
69$469,081$371,335$345,512$474,814
70$481,924$354,528$322,084$477,920
71$494,975$335,794$296,768$480,497
72$508,220$315,005$269,467$482,489
73$521,642$292,024$240,078$483,840
74$535,223$266,707$208,494$484,485
75$548,942$238,901$174,605$484,356
76$562,772$208,446$138,292$483,381
77$576,684$175,169$99,435$481,479
78$590,646$138,893$57,906$478,566
79$604,619$99,425$13,572$474,549
80$618,559$56,566$0$469,329
81$632,418$10,104$0$464,597
82$646,140$0$0$459,327
83$659,661$0$0$465,501
84$672,912$0$0$474,688
85$685,812$0$0$483,606
86$698,272$0$0$492,190
87$710,192$0$0$500,366
88$721,460$0$0$508,052
89$731,950$0$0$515,156
90$741,522$0$0$521,576
91$750,021$0$0$527,198
92$757,272$0$0$531,895
93$763,080$0$0$535,525
94$767,232$0$0$537,931
95$769,485$0$0$538,937
96$769,575$0$0$538,350
97$767,204$0$0$535,952
98$762,044$0$0$531,504
99$753,730$0$0$524,741
100$741,857$0$0$515,366