Can I retire at age 66 with 368,000?

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 $368,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13%
1 years$30,389$30,118$29,854$29,597$29,345$28,978
2 years$15,044$14,764$14,492$14,229$13,974$13,605
3 years$9,930$9,648$9,378$9,117$8,866$8,506
4 years$7,373$7,093$6,824$6,568$6,323$5,975
5 years$5,840$5,561$5,296$5,045$4,807$4,472
6 years$4,817$4,541$4,280$4,034$3,803$3,482
7 years$4,088$3,813$3,557$3,317$3,093$2,785
8 years$3,541$3,269$3,016$2,783$2,566$2,272
9 years$3,115$2,846$2,598$2,370$2,161$1,880
10 years$2,775$2,509$2,265$2,043$1,841$1,573
11 years$2,497$2,233$1,994$1,778$1,584$1,328
12 years$2,266$2,004$1,770$1,560$1,372$1,130
13 years$2,070$1,811$1,581$1,377$1,197$966
14 years$1,902$1,647$1,421$1,222$1,049$831
15 years$1,757$1,504$1,283$1,090$924$717
16 years$1,630$1,380$1,163$976$816$621
17 years$1,519$1,271$1,058$877$724$539
18 years$1,419$1,174$966$790$644$469
19 years$1,330$1,088$884$714$574$410
20 years$1,251$1,011$812$647$512$358
21 years$1,179$942$746$587$458$313
22 years$1,113$879$688$534$411$275
23 years$1,054$823$635$486$369$241
24 years$999$771$588$443$332$212
25 years$949$723$544$405$298$186
26 years$903$680$505$370$269$164
27 years$860$640$469$339$242$144
28 years$820$603$436$310$219$127
29 years$783$569$405$285$197$112
30 years$749$537$378$261$178$99
31 years$717$508$352$240$161$87
32 years$687$480$328$221$146$77
33 years$659$455$307$203$132$68
34 years$633$431$287$187$120$60
35 years$608$409$268$172$108$53
36 years$584$388$251$158$98$47
37 years$562$369$235$146$89$41
38 years$542$350$220$134$81$37
39 years$522$333$206$124$73$32
40 years$503$317$193$114$66$29
41 years$485$302$181$105$60$25
42 years$469$287$170$97$55$22
43 years$452$274$159$90$50$20
44 years$437$261$149$83$45$17
45 years$423$249$140$77$41$15
46 years$409$237$132$71$37$14
47 years$396$227$124$65$34$12
48 years$383$216$116$60$31$11
49 years$371$207$109$56$28$9
50 years$359$197$103$52$25$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $368,000, adding $2,061 every year, while hoping to spend $23,435 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: 63/28/9 Blend
65$368,000$368,000$368,000$368,000
66$407,662$388,158$382,454$432,435
67$424,309$382,243$370,331$443,319
68$441,868$375,253$357,017$452,282
69$460,408$367,110$342,447$461,472
70$480,004$357,732$326,553$470,912
71$500,737$347,033$309,265$480,625
72$522,694$334,921$290,508$490,639
73$545,975$321,297$270,206$500,986
74$570,684$306,060$248,277$511,702
75$596,937$289,101$224,638$522,827
76$624,862$270,304$199,200$534,409
77$654,596$249,548$171,872$546,498
78$686,293$226,703$142,558$559,154
79$720,118$201,634$111,156$572,442
80$756,253$174,198$77,563$586,439
81$794,899$144,241$41,669$601,226
82$836,274$111,604$3,361$616,900
83$880,618$76,118$0$633,566
84$928,196$37,602$0$654,946
85$979,295$0$0$678,148
86$1,034,235$0$0$704,285
87$1,093,362$0$0$744,902
88$1,157,059$0$0$788,678
89$1,225,748$0$0$835,905
90$1,299,888$0$0$886,903
91$1,379,988$0$0$942,023
92$1,466,605$0$0$1,001,652
93$1,560,351$0$0$1,066,215
94$1,661,900$0$0$1,136,178
95$1,771,993$0$0$1,212,056
96$1,891,443$0$0$1,294,414
97$2,021,147$0$0$1,383,871
98$2,162,088$0$0$1,481,113
99$2,315,352$0$0$1,586,889
100$2,482,129$0$0$1,702,028