Can I retire at age 66 with 402,000?

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 $402,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.5%
1 years$33,197$32,901$32,613$32,331$32,056$31,854
2 years$16,434$16,128$15,831$15,544$15,265$15,061
3 years$10,847$10,540$10,244$9,959$9,685$9,485
4 years$8,054$7,748$7,455$7,175$6,907$6,714
5 years$6,379$6,074$5,785$5,511$5,251$5,064
6 years$5,263$4,960$4,675$4,407$4,155$3,975
7 years$4,465$4,166$3,885$3,623$3,379$3,206
8 years$3,868$3,571$3,295$3,040$2,803$2,637
9 years$3,403$3,109$2,838$2,589$2,361$2,202
10 years$3,032$2,740$2,474$2,232$2,011$1,860
11 years$2,728$2,440$2,178$1,942$1,730$1,585
12 years$2,475$2,190$1,933$1,704$1,499$1,361
13 years$2,261$1,979$1,727$1,504$1,307$1,175
14 years$2,078$1,799$1,552$1,335$1,146$1,020
15 years$1,920$1,643$1,401$1,191$1,009$890
16 years$1,781$1,508$1,270$1,066$892$778
17 years$1,659$1,388$1,156$958$791$683
18 years$1,550$1,283$1,055$863$703$601
19 years$1,453$1,189$966$780$627$530
20 years$1,366$1,105$887$707$560$468
21 years$1,288$1,029$815$641$501$415
22 years$1,216$961$752$583$449$368
23 years$1,151$898$694$531$403$326
24 years$1,091$842$642$484$362$290
25 years$1,036$790$594$442$326$258
26 years$986$742$551$404$294$230
27 years$939$699$512$370$265$205
28 years$896$658$476$339$239$183
29 years$856$621$443$311$216$163
30 years$818$587$413$285$195$145
31 years$783$555$385$262$176$130
32 years$751$525$359$241$159$116
33 years$720$497$335$222$144$104
34 years$691$471$313$204$131$93
35 years$664$447$293$188$118$83
36 years$638$424$274$173$107$74
37 years$614$403$256$159$97$66
38 years$592$383$240$147$88$59
39 years$570$364$225$135$80$53
40 years$550$346$211$125$72$48
41 years$530$330$198$115$66$43
42 years$512$314$185$106$60$38
43 years$494$299$174$98$54$34
44 years$478$285$163$91$49$31
45 years$462$272$153$84$45$28
46 years$447$259$144$77$40$25
47 years$432$247$135$71$37$22
48 years$418$236$127$66$33$20
49 years$405$226$119$61$30$18
50 years$392$216$112$56$28$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $402,000, adding $6,508 every year, while hoping to spend $33,389 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: 65/5/30 Blend
65$402,000$402,000$402,000$402,000
66$449,717$428,411$422,180$474,970
67$460,062$413,878$400,797$478,317
68$470,344$397,513$377,579$477,713
69$480,520$379,192$352,429$476,335
70$490,544$358,783$325,246$474,110
71$500,361$336,145$295,924$470,960
72$509,913$311,132$264,353$466,801
73$519,133$283,586$230,417$461,542
74$527,945$253,342$193,997$455,082
75$536,266$220,226$154,966$447,313
76$544,001$184,053$113,193$438,118
77$551,046$144,628$68,542$427,369
78$557,283$101,746$20,868$414,926
79$562,583$55,188$0$400,640
80$566,799$4,725$0$393,951
81$569,771$0$0$392,828
82$571,318$0$0$393,187
83$571,242$0$0$392,626
84$569,319$0$0$390,728
85$565,304$0$0$387,314
86$558,925$0$0$382,189
87$549,877$0$0$375,136
88$537,825$0$0$365,913
89$522,398$0$0$354,254
90$503,183$0$0$339,862
91$479,725$0$0$322,411
92$451,518$0$0$301,538
93$418,004$0$0$276,843
94$378,565$0$0$247,882
95$332,519$0$0$214,165
96$279,108$0$0$175,151
97$217,499$0$0$130,240
98$146,769$0$0$78,770
99$65,897$0$0$20,012
100$0$0$0$0