Can I retire at age 66 with 399,000?

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 $399,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.6%
1 years$32,949$32,656$32,369$32,090$31,817$31,471
2 years$16,311$16,008$15,713$15,428$15,151$14,803
3 years$10,766$10,461$10,167$9,885$9,612$9,273
4 years$7,994$7,690$7,399$7,121$6,856$6,527
5 years$6,331$6,029$5,742$5,470$5,212$4,895
6 years$5,223$4,923$4,641$4,374$4,124$3,820
7 years$4,432$4,135$3,856$3,596$3,354$3,062
8 years$3,839$3,544$3,270$3,017$2,782$2,503
9 years$3,378$3,086$2,817$2,570$2,343$2,076
10 years$3,009$2,720$2,456$2,215$1,996$1,742
11 years$2,708$2,421$2,162$1,928$1,717$1,475
12 years$2,457$2,173$1,919$1,691$1,488$1,257
13 years$2,244$1,964$1,714$1,493$1,297$1,078
14 years$2,063$1,785$1,540$1,325$1,137$929
15 years$1,905$1,631$1,391$1,182$1,001$804
16 years$1,768$1,496$1,261$1,058$885$698
17 years$1,646$1,378$1,147$951$785$608
18 years$1,539$1,273$1,047$857$698$531
19 years$1,443$1,180$959$774$622$465
20 years$1,356$1,097$880$701$556$407
21 years$1,278$1,021$809$636$497$358
22 years$1,207$954$746$579$446$314
23 years$1,142$892$689$527$400$277
24 years$1,083$836$637$481$360$244
25 years$1,029$784$590$439$324$215
26 years$979$737$547$401$291$190
27 years$932$694$508$367$263$168
28 years$889$654$472$337$237$148
29 years$849$617$440$309$214$131
30 years$812$582$409$283$193$116
31 years$777$550$382$260$175$103
32 years$745$521$356$239$158$91
33 years$715$493$333$220$143$81
34 years$686$467$311$202$130$71
35 years$659$443$290$186$117$63
36 years$634$421$272$172$106$56
37 years$610$400$254$158$96$50
38 years$587$380$238$146$87$44
39 years$566$361$223$134$79$39
40 years$545$344$209$124$72$35
41 years$526$327$196$114$65$31
42 years$508$312$184$105$59$27
43 years$491$297$173$97$54$24
44 years$474$283$162$90$49$22
45 years$458$270$152$83$44$19
46 years$443$257$143$77$40$17
47 years$429$246$134$71$36$15
48 years$415$234$126$65$33$13
49 years$402$224$119$61$30$12
50 years$390$214$111$56$27$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $399,000, adding $2,461 every year, while hoping to spend $31,944 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: 24/50/26 Blend
65$399,000$399,000$399,000$399,000
66$442,237$421,090$414,905$449,167
67$453,356$407,735$394,816$441,812
68$464,540$392,655$372,984$431,056
69$475,760$375,732$349,316$418,851
70$486,985$356,840$323,715$405,098
71$498,180$335,848$296,082$389,691
72$509,305$312,616$266,312$372,518
73$520,315$286,994$234,294$353,460
74$531,158$258,828$199,913$332,391
75$541,777$227,951$163,051$309,176
76$552,107$194,189$123,582$283,673
77$562,075$157,357$81,375$255,731
78$571,599$117,261$36,294$225,191
79$580,590$73,694$0$191,880
80$588,944$26,439$0$158,898
81$596,548$0$0$133,730
82$603,275$0$0$119,747
83$608,983$0$0$120,003
84$613,515$0$0$119,908
85$616,695$0$0$119,415
86$618,329$0$0$118,471
87$618,199$0$0$117,017
88$616,065$0$0$114,988
89$611,660$0$0$112,313
90$604,688$0$0$108,911
91$594,819$0$0$104,694
92$581,690$0$0$99,564
93$564,898$0$0$93,413
94$543,994$0$0$86,120
95$518,485$0$0$77,554
96$487,823$0$0$67,568
97$451,401$0$0$56,000
98$408,549$0$0$42,670
99$358,527$0$0$27,380
100$300,514$0$0$9,912