Can I retire at age 65 with 286,000?

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 $286,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14%
1 years$23,618$23,407$23,202$23,002$22,806$22,428
2 years$11,692$11,474$11,263$11,058$10,860$10,480
3 years$7,717$7,498$7,288$7,085$6,890$6,521
4 years$5,730$5,512$5,304$5,105$4,914$4,558
5 years$4,538$4,322$4,116$3,921$3,736$3,393
6 years$3,744$3,529$3,326$3,135$2,956$2,628
7 years$3,177$2,964$2,764$2,578$2,404$2,090
8 years$2,752$2,540$2,344$2,162$1,994$1,695
9 years$2,421$2,212$2,019$1,842$1,679$1,394
10 years$2,157$1,950$1,760$1,588$1,431$1,160
11 years$1,941$1,736$1,550$1,382$1,231$973
12 years$1,761$1,558$1,375$1,212$1,066$822
13 years$1,609$1,408$1,229$1,070$930$699
14 years$1,479$1,280$1,104$950$815$597
15 years$1,366$1,169$997$847$718$512
16 years$1,267$1,073$904$759$634$440
17 years$1,180$988$822$682$562$379
18 years$1,103$913$751$614$500$328
19 years$1,034$846$687$555$446$284
20 years$972$786$631$503$398$246
21 years$916$732$580$456$356$214
22 years$865$683$535$415$319$186
23 years$819$639$494$378$287$162
24 years$776$599$457$345$258$141
25 years$737$562$423$315$232$123
26 years$701$528$392$288$209$108
27 years$668$497$364$263$188$94
28 years$637$468$339$241$170$82
29 years$609$442$315$221$153$72
30 years$582$417$293$203$139$63
31 years$557$395$274$186$125$55
32 years$534$373$255$171$113$48
33 years$512$354$238$158$103$42
34 years$492$335$223$145$93$37
35 years$472$318$208$133$84$32
36 years$454$302$195$123$76$28
37 years$437$286$182$113$69$25
38 years$421$272$171$104$63$22
39 years$406$259$160$96$57$19
40 years$391$246$150$89$52$17
41 years$377$234$141$82$47$15
42 years$364$223$132$76$42$13
43 years$352$213$124$70$38$11
44 years$340$203$116$64$35$10
45 years$329$193$109$60$32$9
46 years$318$184$102$55$29$8
47 years$307$176$96$51$26$7
48 years$298$168$90$47$24$6
49 years$288$161$85$43$22$5
50 years$279$153$80$40$20$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $286,000, adding $5,797 every year, while hoping to spend $23,632 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: 57/30/13 Blend
64$286,000$286,000$286,000$286,000
65$321,152$305,994$301,561$338,079
66$328,765$295,843$286,519$340,048
67$336,363$284,403$270,181$339,087
68$343,918$271,585$252,478$337,484
69$351,402$257,297$233,340$335,182
70$358,779$241,439$212,692$332,118
71$366,013$223,908$190,455$328,226
72$373,059$204,593$166,549$323,434
73$379,871$183,377$140,887$317,661
74$386,392$160,137$113,382$310,825
75$392,564$134,744$83,940$302,833
76$398,319$107,059$52,465$293,587
77$403,580$76,938$18,855$282,981
78$408,264$44,227$0$270,898
79$412,277$8,763$0$259,574
80$415,513$0$0$249,459
81$417,857$0$0$247,584
82$419,179$0$0$247,945
83$419,334$0$0$247,559
84$418,164$0$0$246,325
85$415,490$0$0$244,131
86$411,115$0$0$240,852
87$404,822$0$0$236,351
88$396,367$0$0$230,475
89$385,483$0$0$223,056
90$371,873$0$0$213,906
91$355,206$0$0$202,817
92$335,121$0$0$189,561
93$311,212$0$0$173,883
94$283,035$0$0$155,503
95$250,096$0$0$134,111
96$211,851$0$0$109,364
97$167,696$0$0$80,882
98$116,966$0$0$48,246
99$58,924$0$0$10,993
100$0$0$0$0