Can I retire at age 66 with 354,000?

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 $354,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.9%
1 years$29,233$28,973$28,719$28,471$28,228$27,216
2 years$14,472$14,202$13,941$13,688$13,442$12,433
3 years$9,552$9,281$9,021$8,770$8,528$7,554
4 years$7,093$6,823$6,565$6,318$6,082$5,151
5 years$5,617$5,349$5,095$4,853$4,624$3,737
6 years$4,634$4,368$4,117$3,881$3,659$2,818
7 years$3,932$3,668$3,421$3,191$2,975$2,180
8 years$3,406$3,144$2,902$2,677$2,468$1,718
9 years$2,997$2,738$2,499$2,280$2,079$1,372
10 years$2,670$2,413$2,179$1,965$1,771$1,107
11 years$2,402$2,148$1,918$1,710$1,523$900
12 years$2,180$1,928$1,702$1,500$1,320$737
13 years$1,991$1,743$1,521$1,325$1,151$606
14 years$1,830$1,584$1,367$1,176$1,009$500
15 years$1,690$1,447$1,234$1,049$888$414
16 years$1,568$1,328$1,119$939$785$344
17 years$1,461$1,223$1,018$844$696$286
18 years$1,365$1,130$929$760$619$239
19 years$1,280$1,047$851$687$552$199
20 years$1,203$973$781$622$493$167
21 years$1,134$906$718$565$441$139
22 years$1,071$846$662$513$395$117
23 years$1,013$791$611$468$355$98
24 years$961$741$565$426$319$82
25 years$913$696$523$389$287$69
26 years$868$654$485$356$259$58
27 years$827$615$451$326$233$48
28 years$789$580$419$299$210$41
29 years$754$547$390$274$190$34
30 years$721$517$363$251$172$29
31 years$690$488$339$231$155$24
32 years$661$462$316$212$140$20
33 years$634$438$295$195$127$17
34 years$609$415$276$179$115$14
35 years$585$393$258$165$104$12
36 years$562$373$241$152$94$10
37 years$541$355$226$140$86$9
38 years$521$337$211$129$78$7
39 years$502$320$198$119$70$6
40 years$484$305$186$110$64$5
41 years$467$290$174$101$58$4
42 years$451$276$163$94$53$4
43 years$435$263$153$86$48$3
44 years$421$251$144$80$43$3
45 years$407$239$135$74$39$2
46 years$393$228$127$68$36$2
47 years$381$218$119$63$32$2
48 years$368$208$112$58$29$1
49 years$357$199$105$54$27$1
50 years$346$190$99$50$24$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $354,000, adding $5,581 every year, while hoping to spend $28,870 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: 34/50/16 Blend
65$354,000$354,000$354,000$354,000
66$395,865$377,103$371,616$407,192
67$405,526$364,863$353,347$403,725
68$415,204$351,057$333,500$396,890
69$424,872$335,575$311,989$388,900
70$434,496$318,306$288,728$379,668
71$444,040$299,128$263,625$369,103
72$453,462$277,915$236,587$357,107
73$462,715$254,533$207,513$343,575
74$471,747$228,840$176,299$328,397
75$480,497$200,686$142,837$311,453
76$488,901$169,912$107,015$292,617
77$496,882$136,350$68,713$271,753
78$504,357$99,825$27,808$248,718
79$511,234$60,150$0$223,357
80$517,409$17,126$0$198,210
81$522,766$0$0$175,640
82$527,175$0$0$166,936
83$530,493$0$0$167,215
84$532,560$0$0$166,996
85$533,199$0$0$166,210
86$532,212$0$0$164,783
87$529,380$0$0$162,631
88$524,460$0$0$159,663
89$517,182$0$0$155,775
90$507,248$0$0$150,856
91$494,325$0$0$144,780
92$478,048$0$0$137,407
93$458,010$0$0$128,585
94$433,760$0$0$118,144
95$404,801$0$0$105,896
96$370,583$0$0$91,633
97$330,496$0$0$75,126
98$283,867$0$0$56,121
99$229,950$0$0$34,337
100$167,924$0$0$9,465