Can I retire at age 75 with 346,000?

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 $346,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11%
1 years$28,572$28,318$28,070$27,827$27,591$27,474
2 years$14,145$13,881$13,626$13,378$13,138$13,021
3 years$9,336$9,072$8,817$8,572$8,336$8,221
4 years$6,932$6,669$6,416$6,175$5,945$5,834
5 years$5,490$5,228$4,979$4,743$4,519$4,412
6 years$4,529$4,269$4,024$3,793$3,576$3,472
7 years$3,843$3,585$3,344$3,119$2,908$2,808
8 years$3,329$3,073$2,836$2,616$2,413$2,317
9 years$2,929$2,676$2,443$2,228$2,032$1,940
10 years$2,609$2,359$2,130$1,921$1,731$1,643
11 years$2,348$2,100$1,875$1,672$1,489$1,405
12 years$2,130$1,885$1,664$1,466$1,290$1,210
13 years$1,946$1,703$1,487$1,295$1,125$1,048
14 years$1,789$1,548$1,336$1,149$986$913
15 years$1,652$1,414$1,206$1,025$868$799
16 years$1,533$1,298$1,093$918$767$701
17 years$1,428$1,195$995$825$680$617
18 years$1,334$1,104$908$743$605$545
19 years$1,251$1,023$831$671$539$483
20 years$1,176$951$763$608$482$428
21 years$1,108$886$702$552$431$380
22 years$1,047$827$647$502$386$338
23 years$991$773$597$457$347$301
24 years$939$725$552$417$312$269
25 years$892$680$512$381$281$240
26 years$849$639$474$348$253$215
27 years$808$601$441$319$228$192
28 years$771$567$410$292$206$172
29 years$737$535$381$268$186$154
30 years$704$505$355$246$168$138
31 years$674$477$331$226$152$124
32 years$646$452$309$207$137$111
33 years$620$428$288$191$124$100
34 years$595$405$269$175$112$90
35 years$572$384$252$161$102$80
36 years$550$365$236$149$92$72
37 years$529$347$221$137$84$65
38 years$509$329$207$126$76$58
39 years$491$313$194$116$69$53
40 years$473$298$181$107$62$47
41 years$456$284$170$99$57$42
42 years$441$270$160$91$51$38
43 years$425$257$150$84$47$34
44 years$411$245$141$78$42$31
45 years$397$234$132$72$38$28
46 years$384$223$124$67$35$25
47 years$372$213$116$61$32$23
48 years$360$203$109$57$29$20
49 years$349$194$103$52$26$18
50 years$338$185$97$48$24$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 75 starting with $346,000, adding $3,215 every year, while hoping to spend $27,639 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: 67/8/25 Blend
74$346,000$346,000$346,000$346,000
75$384,608$366,270$360,907$407,691
76$394,431$354,810$343,590$412,146
77$404,329$341,861$324,766$413,578
78$414,281$327,323$304,356$414,510
79$424,262$311,087$282,277$414,892
80$434,245$293,038$258,442$414,671
81$444,197$273,057$232,759$413,792
82$454,083$251,014$205,134$412,191
83$463,862$226,776$175,468$409,801
84$473,486$200,199$143,657$406,551
85$482,906$171,132$109,593$402,361
86$492,061$139,417$73,164$397,146
87$500,888$104,884$34,251$390,812
88$509,311$67,357$0$383,260
89$517,250$26,646$0$376,320
90$524,612$0$0$377,809
91$531,295$0$0$380,024
92$537,185$0$0$383,987
93$542,154$0$0$387,257
94$546,061$0$0$389,731
95$548,747$0$0$391,290
96$550,037$0$0$391,806
97$549,736$0$0$391,133
98$547,627$0$0$389,111
99$543,471$0$0$385,563
100$537,001$0$0$380,291