Can I retire at age 66 with 386,000?

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 $386,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.5%
1 years$31,876$31,592$31,315$31,044$30,780$30,208
2 years$15,780$15,486$15,201$14,925$14,657$14,083
3 years$10,415$10,120$9,836$9,563$9,299$8,741
4 years$7,734$7,440$7,158$6,889$6,632$6,094
5 years$6,125$5,833$5,555$5,292$5,042$4,525
6 years$5,053$4,763$4,489$4,232$3,989$3,495
7 years$4,288$4,000$3,731$3,479$3,244$2,772
8 years$3,714$3,429$3,164$2,919$2,692$2,241
9 years$3,268$2,985$2,725$2,486$2,267$1,838
10 years$2,911$2,631$2,376$2,143$1,931$1,525
11 years$2,619$2,342$2,092$1,865$1,661$1,275
12 years$2,377$2,102$1,856$1,636$1,439$1,074
13 years$2,171$1,900$1,658$1,444$1,255$910
14 years$1,995$1,727$1,490$1,282$1,100$774
15 years$1,843$1,578$1,345$1,143$969$661
16 years$1,710$1,448$1,220$1,024$856$567
17 years$1,593$1,333$1,110$920$759$487
18 years$1,489$1,232$1,013$829$675$419
19 years$1,396$1,142$928$749$602$362
20 years$1,312$1,061$851$678$537$313
21 years$1,236$988$783$616$481$271
22 years$1,168$922$722$560$431$235
23 years$1,105$863$666$510$387$204
24 years$1,048$808$616$465$348$177
25 years$995$759$571$425$313$154
26 years$947$713$529$388$282$134
27 years$902$671$492$355$254$116
28 years$860$632$457$326$229$101
29 years$822$596$425$299$207$88
30 years$786$563$396$274$187$77
31 years$752$532$369$252$169$67
32 years$721$504$345$231$153$58
33 years$691$477$322$213$138$51
34 years$664$452$301$196$125$44
35 years$638$429$281$180$114$39
36 years$613$407$263$166$103$34
37 years$590$387$246$153$93$29
38 years$568$367$230$141$85$26
39 years$547$349$216$130$77$22
40 years$528$332$202$120$70$20
41 years$509$316$190$111$63$17
42 years$491$301$178$102$57$15
43 years$475$287$167$94$52$13
44 years$459$274$157$87$47$11
45 years$443$261$147$80$43$10
46 years$429$249$138$74$39$9
47 years$415$238$130$69$35$8
48 years$402$227$122$63$32$7
49 years$389$217$115$59$29$6
50 years$377$207$108$54$26$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $386,000, adding $3,741 every year, while hoping to spend $27,366 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: 50/22/28 Blend
65$386,000$386,000$386,000$386,000
66$429,231$408,773$402,790$447,128
67$443,895$399,685$387,166$450,936
68$459,138$389,236$370,102$452,050
69$474,990$377,328$351,520$452,726
70$491,482$363,860$331,339$452,935
71$508,650$348,727$309,476$452,647
72$526,531$331,813$285,842$451,831
73$545,165$312,999$260,346$450,455
74$564,595$292,159$232,890$448,484
75$584,867$269,158$203,375$445,886
76$606,031$243,855$171,696$442,624
77$628,142$216,099$137,743$438,663
78$651,257$185,732$101,402$433,964
79$675,439$152,588$62,553$428,489
80$700,758$116,488$21,073$422,200
81$727,286$77,247$0$415,055
82$755,105$34,668$0$413,946
83$784,300$0$0$419,068
84$814,967$0$0$426,897
85$847,208$0$0$443,964
86$881,134$0$0$461,938
87$916,868$0$0$480,885
88$954,541$0$0$500,877
89$994,298$0$0$521,993
90$1,036,295$0$0$544,318
91$1,080,704$0$0$567,947
92$1,127,712$0$0$592,982
93$1,177,523$0$0$619,533
94$1,230,361$0$0$647,725
95$1,286,469$0$0$677,689
96$1,346,114$0$0$709,572
97$1,409,589$0$0$743,534
98$1,477,212$0$0$779,751
99$1,549,335$0$0$818,413
100$1,626,339$0$0$859,731