Can I retire at age 65 with 383,000?

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 $383,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.3%
1 years$31,628$31,346$31,071$30,803$30,541$29,635
2 years$15,657$15,366$15,083$14,809$14,543$13,638
3 years$10,335$10,042$9,760$9,488$9,227$8,350
4 years$7,674$7,382$7,103$6,836$6,581$5,740
5 years$6,078$5,787$5,512$5,251$5,003$4,200
6 years$5,014$4,726$4,454$4,199$3,958$3,194
7 years$4,254$3,969$3,702$3,452$3,219$2,494
8 years$3,685$3,402$3,139$2,896$2,671$1,984
9 years$3,242$2,962$2,704$2,467$2,249$1,600
10 years$2,888$2,611$2,357$2,126$1,916$1,304
11 years$2,599$2,324$2,075$1,851$1,648$1,072
12 years$2,358$2,086$1,842$1,623$1,428$886
13 years$2,154$1,885$1,646$1,433$1,245$737
14 years$1,980$1,714$1,479$1,272$1,092$615
15 years$1,829$1,565$1,335$1,134$961$515
16 years$1,697$1,436$1,210$1,016$850$433
17 years$1,580$1,323$1,101$913$753$364
18 years$1,477$1,222$1,005$823$670$307
19 years$1,385$1,133$920$743$597$260
20 years$1,302$1,053$845$673$533$220
21 years$1,227$981$777$611$477$186
22 years$1,159$915$716$555$428$158
23 years$1,096$856$661$506$384$134
24 years$1,040$802$611$461$345$114
25 years$987$753$566$421$311$97
26 years$939$707$525$385$280$82
27 years$895$666$488$353$252$70
28 years$854$627$453$323$228$59
29 years$815$592$422$296$205$51
30 years$780$559$393$272$186$43
31 years$746$528$366$250$168$37
32 years$715$500$342$230$152$31
33 years$686$473$319$211$137$27
34 years$658$449$298$194$124$23
35 years$633$426$279$179$113$19
36 years$608$404$261$165$102$16
37 years$585$384$244$152$93$14
38 years$564$365$229$140$84$12
39 years$543$347$214$129$76$10
40 years$524$330$201$119$69$9
41 years$505$314$188$110$63$7
42 years$488$299$177$101$57$6
43 years$471$285$166$93$52$5
44 years$455$272$156$86$47$5
45 years$440$259$146$80$42$4
46 years$426$247$137$74$39$3
47 years$412$236$129$68$35$3
48 years$399$225$121$63$32$2
49 years$386$215$114$58$29$2
50 years$374$205$107$54$26$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $383,000, adding $5,915 every year, while hoping to spend $24,741 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: 32/44/24 Blend
64$383,000$383,000$383,000$383,000
65$428,167$407,868$401,932$438,560
66$445,516$401,530$389,072$440,581
67$463,805$394,051$374,953$440,128
68$483,105$385,351$359,505$439,139
69$503,490$375,342$342,657$437,585
70$525,045$363,933$324,335$435,432
71$547,860$351,025$304,461$432,648
72$572,034$336,518$282,952$429,202
73$597,674$320,300$259,724$425,059
74$624,900$302,257$234,687$420,186
75$653,839$282,268$207,749$414,550
76$684,635$260,203$178,813$408,116
77$717,441$235,926$147,776$400,851
78$752,426$209,293$114,533$392,723
79$789,777$180,152$78,974$383,699
80$829,697$148,342$40,982$373,748
81$872,409$113,694$438$362,840
82$918,157$76,027$0$350,949
83$967,209$35,153$0$349,015
84$1,019,860$0$0$346,882
85$1,076,432$0$0$348,873
86$1,137,279$0$0$369,363
87$1,202,791$0$0$391,467
88$1,273,395$0$0$415,335
89$1,349,560$0$0$441,132
90$1,431,802$0$0$469,038
91$1,520,686$0$0$499,252
92$1,616,836$0$0$531,993
93$1,720,937$0$0$567,501
94$1,833,739$0$0$606,039
95$1,956,072$0$0$647,899
96$2,088,844$0$0$693,401
97$2,233,057$0$0$742,895
98$2,389,810$0$0$796,768
99$2,560,315$0$0$855,447
100$2,745,904$0$0$919,399