Can I retire at age 66 with 329,000?

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 $329,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18%
1 years$27,169$26,927$26,690$26,460$26,235$25,385
2 years$13,450$13,199$12,957$12,721$12,493$11,644
3 years$8,877$8,626$8,384$8,151$7,926$7,106
4 years$6,592$6,341$6,101$5,872$5,653$4,867
5 years$5,221$4,971$4,735$4,510$4,297$3,548
6 years$4,307$4,059$3,826$3,607$3,400$2,689
7 years$3,654$3,409$3,180$2,965$2,765$2,091
8 years$3,165$2,922$2,697$2,488$2,294$1,656
9 years$2,785$2,544$2,323$2,119$1,932$1,330
10 years$2,481$2,243$2,025$1,827$1,646$1,079
11 years$2,233$1,997$1,783$1,590$1,416$883
12 years$2,026$1,792$1,582$1,394$1,227$727
13 years$1,851$1,619$1,414$1,231$1,070$601
14 years$1,701$1,472$1,270$1,093$938$500
15 years$1,571$1,345$1,147$975$826$416
16 years$1,458$1,234$1,040$873$730$348
17 years$1,358$1,136$946$784$647$292
18 years$1,269$1,050$864$707$575$245
19 years$1,189$973$791$638$513$206
20 years$1,118$904$726$578$458$173
21 years$1,054$842$667$525$410$146
22 years$995$786$615$477$367$123
23 years$942$735$568$435$330$104
24 years$893$689$525$396$296$88
25 years$848$647$486$362$267$74
26 years$807$608$451$331$240$63
27 years$769$572$419$303$217$53
28 years$733$539$389$278$195$45
29 years$700$508$362$255$177$38
30 years$670$480$338$234$159$32
31 years$641$454$315$215$144$27
32 years$614$429$294$197$130$23
33 years$589$407$274$181$118$19
34 years$566$385$256$167$107$16
35 years$543$366$240$154$97$14
36 years$523$347$224$141$88$12
37 years$503$330$210$130$79$10
38 years$484$313$196$120$72$8
39 years$467$298$184$111$65$7
40 years$450$283$172$102$59$6
41 years$434$270$162$94$54$5
42 years$419$257$152$87$49$4
43 years$405$245$142$80$44$4
44 years$391$233$134$74$40$3
45 years$378$222$125$68$36$3
46 years$366$212$118$63$33$2
47 years$354$203$111$58$30$2
48 years$342$193$104$54$27$2
49 years$332$185$98$50$25$1
50 years$321$176$92$46$23$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $329,000, adding $2,797 every year, while hoping to spend $26,437 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: 59/17/24 Blend
65$329,000$329,000$329,000$329,000
66$365,443$348,006$342,907$384,497
67$374,590$336,930$326,265$386,715
68$383,783$324,424$308,180$386,045
69$393,000$310,392$288,576$384,742
70$402,214$294,730$267,371$382,753
71$411,396$277,328$244,484$380,017
72$420,512$258,070$219,827$376,470
73$429,522$236,833$193,310$372,043
74$438,384$213,489$164,837$366,662
75$447,049$187,900$134,309$360,244
76$455,463$159,922$101,623$352,705
77$463,563$129,401$66,670$343,949
78$471,282$96,177$29,338$333,875
79$478,541$60,078$0$322,374
80$485,255$20,925$0$312,016
81$491,328$0$0$308,176
82$496,653$0$0$307,245
83$501,110$0$0$309,649
84$504,566$0$0$311,387
85$506,873$0$0$312,362
86$507,868$0$0$312,467
87$507,366$0$0$311,582
88$505,166$0$0$309,575
89$501,042$0$0$306,299
90$494,744$0$0$301,591
91$485,995$0$0$295,271
92$474,489$0$0$287,137
93$459,886$0$0$276,969
94$441,808$0$0$264,521
95$419,839$0$0$249,522
96$393,518$0$0$231,670
97$362,335$0$0$210,633
98$325,724$0$0$186,043
99$283,061$0$0$157,494
100$233,656$0$0$124,535