Can I retire at age 65 with 406,000?

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 $406,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.4%
1 years$33,527$33,228$32,937$32,653$32,375$31,786
2 years$16,598$16,288$15,989$15,698$15,417$14,826
3 years$10,955$10,645$10,346$10,058$9,781$9,206
4 years$8,134$7,825$7,529$7,246$6,976$6,422
5 years$6,443$6,135$5,843$5,566$5,303$4,771
6 years$5,315$5,010$4,722$4,451$4,196$3,687
7 years$4,510$4,207$3,924$3,659$3,413$2,926
8 years$3,906$3,606$3,328$3,070$2,831$2,367
9 years$3,437$3,140$2,866$2,615$2,384$1,943
10 years$3,062$2,768$2,499$2,254$2,031$1,612
11 years$2,755$2,464$2,200$1,962$1,747$1,349
12 years$2,500$2,211$1,952$1,721$1,514$1,137
13 years$2,284$1,998$1,744$1,519$1,320$964
14 years$2,099$1,817$1,567$1,348$1,157$821
15 years$1,939$1,659$1,415$1,203$1,019$702
16 years$1,799$1,523$1,283$1,077$901$602
17 years$1,675$1,402$1,167$967$799$517
18 years$1,566$1,296$1,066$872$710$446
19 years$1,468$1,201$976$788$633$385
20 years$1,380$1,116$895$714$565$333
21 years$1,300$1,039$824$648$506$289
22 years$1,228$970$759$589$453$250
23 years$1,162$907$701$536$407$217
24 years$1,102$850$648$489$366$189
25 years$1,047$798$600$447$329$164
26 years$996$750$557$408$297$143
27 years$949$706$517$374$267$124
28 years$905$665$481$342$241$108
29 years$864$627$447$314$218$94
30 years$826$592$417$288$197$82
31 years$791$560$388$265$178$72
32 years$758$530$362$243$161$63
33 years$727$502$338$224$146$55
34 years$698$476$316$206$132$48
35 years$671$451$296$189$119$42
36 years$645$428$277$175$108$36
37 years$620$407$259$161$98$32
38 years$597$387$242$148$89$28
39 years$576$368$227$137$81$24
40 years$555$350$213$126$73$21
41 years$535$333$200$116$66$18
42 years$517$317$187$107$60$16
43 years$499$302$176$99$55$14
44 years$482$288$165$91$50$12
45 years$466$275$155$84$45$11
46 years$451$262$145$78$41$9
47 years$436$250$137$72$37$8
48 years$423$239$128$67$34$7
49 years$409$228$121$62$31$6
50 years$396$218$113$57$28$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $406,000, adding $5,843 every year, while hoping to spend $26,789 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: 57/24/19 Blend
64$406,000$406,000$406,000$406,000
65$453,439$431,921$425,628$476,682
66$471,187$424,582$411,383$485,819
67$489,846$415,985$395,764$492,377
68$509,483$406,041$378,694$498,927
69$530,168$394,655$360,098$505,475
70$551,977$381,725$339,893$512,026
71$574,995$367,145$317,995$518,591
72$599,311$350,802$294,315$525,181
73$625,027$332,577$268,760$531,810
74$652,249$312,343$241,234$538,495
75$681,098$289,968$211,635$545,259
76$711,703$265,308$179,857$552,125
77$744,204$238,217$145,790$559,124
78$778,758$208,534$109,319$566,290
79$815,534$176,095$70,324$573,666
80$854,718$140,723$28,679$581,298
81$896,512$102,231$0$589,242
82$941,139$60,423$0$600,757
83$988,844$15,092$0$619,132
84$1,039,893$0$0$638,661
85$1,094,580$0$0$668,443
86$1,153,227$0$0$704,679
87$1,216,186$0$0$743,605
88$1,283,845$0$0$785,464
89$1,356,628$0$0$830,522
90$1,435,004$0$0$879,071
91$1,519,483$0$0$931,434
92$1,610,630$0$0$987,962
93$1,709,063$0$0$1,049,044
94$1,815,462$0$0$1,115,106
95$1,930,574$0$0$1,186,616
96$2,055,220$0$0$1,264,091
97$2,190,304$0$0$1,348,096
98$2,336,818$0$0$1,439,254
99$2,495,854$0$0$1,538,250
100$2,668,613$0$0$1,645,838