Can I retire at age 65 with 396,000?

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 $396,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.5%
1 years$32,701$32,410$32,126$31,848$31,578$31,379
2 years$16,189$15,887$15,595$15,312$15,037$14,836
3 years$10,685$10,383$10,091$9,810$9,540$9,344
4 years$7,934$7,632$7,344$7,068$6,804$6,614
5 years$6,284$5,984$5,699$5,429$5,172$4,989
6 years$5,184$4,886$4,606$4,341$4,093$3,916
7 years$4,399$4,103$3,827$3,569$3,328$3,158
8 years$3,810$3,517$3,246$2,994$2,761$2,598
9 years$3,352$3,063$2,796$2,550$2,325$2,169
10 years$2,986$2,699$2,437$2,198$1,981$1,832
11 years$2,687$2,403$2,146$1,913$1,704$1,561
12 years$2,438$2,157$1,904$1,678$1,477$1,340
13 years$2,228$1,949$1,701$1,482$1,288$1,158
14 years$2,047$1,772$1,529$1,315$1,129$1,005
15 years$1,891$1,619$1,380$1,173$994$876
16 years$1,754$1,485$1,251$1,050$878$767
17 years$1,634$1,368$1,139$944$779$673
18 years$1,527$1,264$1,039$850$693$592
19 years$1,432$1,171$952$768$617$522
20 years$1,346$1,088$873$696$551$461
21 years$1,268$1,014$803$632$493$408
22 years$1,198$946$740$574$442$362
23 years$1,134$885$684$523$397$321
24 years$1,075$829$632$477$357$286
25 years$1,021$778$586$436$321$254
26 years$971$731$543$398$289$226
27 years$925$688$504$365$261$202
28 years$883$649$469$334$235$180
29 years$843$612$436$306$212$160
30 years$806$578$406$281$192$143
31 years$772$546$379$258$174$128
32 years$739$517$353$237$157$114
33 years$709$490$330$218$142$102
34 years$681$464$308$201$129$91
35 years$654$440$288$185$117$82
36 years$629$418$270$170$106$73
37 years$605$397$252$157$96$65
38 years$583$377$236$145$87$59
39 years$562$358$221$133$79$52
40 years$541$341$208$123$71$47
41 years$522$325$195$113$65$42
42 years$504$309$183$105$59$38
43 years$487$295$171$97$53$34
44 years$471$281$161$89$48$30
45 years$455$268$151$82$44$27
46 years$440$255$142$76$40$24
47 years$426$244$133$70$36$22
48 years$412$233$125$65$33$20
49 years$399$222$118$60$30$17
50 years$387$212$111$56$27$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $396,000, adding $6,355 every year, while hoping to spend $24,251 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: 63/31/6 Blend
64$396,000$396,000$396,000$396,000
65$442,947$421,959$415,821$469,989
66$462,325$416,832$403,948$483,674
67$482,866$410,641$390,865$495,177
68$504,665$403,309$376,505$507,104
69$527,822$394,752$360,799$519,495
70$552,449$384,884$343,675$532,394
71$578,667$373,612$325,057$545,852
72$606,611$360,839$304,866$559,924
73$636,426$346,461$283,020$574,673
74$668,273$330,369$259,432$590,169
75$702,326$312,446$234,012$606,491
76$738,778$292,570$206,666$623,726
77$777,839$270,613$177,296$641,974
78$819,742$246,436$145,799$661,343
79$864,740$219,895$112,067$681,957
80$913,111$190,838$75,989$703,952
81$965,161$159,102$37,447$727,480
82$1,021,226$124,516$0$752,712
83$1,081,675$86,901$0$780,073
84$1,146,912$46,066$0$812,112
85$1,217,383$1,809$0$846,673
86$1,293,577$0$0$884,026
87$1,376,031$0$0$940,192
88$1,465,337$0$0$1,001,717
89$1,562,144$0$0$1,068,434
90$1,667,166$0$0$1,140,840
91$1,781,190$0$0$1,219,479
92$1,905,079$0$0$1,304,951
93$2,039,785$0$0$1,397,915
94$2,186,352$0$0$1,499,097
95$2,345,933$0$0$1,609,295
96$2,519,793$0$0$1,729,388
97$2,709,326$0$0$1,860,343
98$2,916,065$0$0$2,003,224
99$3,141,699$0$0$2,159,202
100$3,388,086$0$0$2,329,567