Can I retire at age 66 with 407,000?

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 $407,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.9%
1 years$33,610$33,310$33,018$32,733$32,455$32,062
2 years$16,638$16,329$16,028$15,737$15,455$15,060
3 years$10,982$10,671$10,371$10,083$9,805$9,420
4 years$8,155$7,844$7,548$7,264$6,993$6,621
5 years$6,458$6,150$5,857$5,580$5,316$4,958
6 years$5,328$5,022$4,734$4,462$4,206$3,862
7 years$4,521$4,217$3,934$3,668$3,421$3,091
8 years$3,916$3,615$3,336$3,077$2,838$2,522
9 years$3,446$3,148$2,873$2,621$2,390$2,089
10 years$3,069$2,774$2,505$2,260$2,036$1,749
11 years$2,762$2,470$2,205$1,966$1,751$1,478
12 years$2,506$2,217$1,957$1,725$1,518$1,258
13 years$2,289$2,003$1,749$1,523$1,323$1,077
14 years$2,104$1,821$1,571$1,352$1,160$926
15 years$1,943$1,664$1,419$1,206$1,021$800
16 years$1,803$1,526$1,286$1,079$903$693
17 years$1,679$1,406$1,170$970$800$602
18 years$1,570$1,299$1,068$874$712$525
19 years$1,471$1,204$978$790$634$458
20 years$1,383$1,119$898$715$567$401
21 years$1,304$1,042$826$649$507$351
22 years$1,231$973$761$590$455$308
23 years$1,165$910$703$538$408$270
24 years$1,105$852$650$490$367$238
25 years$1,049$800$602$448$330$209
26 years$998$752$558$409$297$184
27 years$951$707$518$375$268$162
28 years$907$667$482$343$242$143
29 years$866$629$448$315$218$126
30 years$828$594$418$289$197$112
31 years$793$561$389$265$178$98
32 years$760$531$363$244$161$87
33 years$729$503$339$224$146$77
34 years$700$477$317$206$132$68
35 years$672$452$296$190$120$60
36 years$646$429$277$175$108$53
37 years$622$408$259$161$98$47
38 years$599$387$243$149$89$42
39 years$577$368$228$137$81$37
40 years$556$351$213$126$73$33
41 years$537$334$200$117$67$29
42 years$518$318$188$108$60$25
43 years$500$303$176$99$55$23
44 years$484$289$165$92$50$20
45 years$467$275$155$85$45$18
46 years$452$263$146$78$41$16
47 years$438$251$137$72$37$14
48 years$424$239$129$67$34$12
49 years$410$228$121$62$31$11
50 years$397$218$114$57$28$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $407,000, adding $5,270 every year, while hoping to spend $21,467 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: 38/40/22 Blend
65$407,000$407,000$407,000$407,000
66$453,950$432,379$426,071$468,041
67$477,412$430,725$417,503$477,082
68$502,548$428,270$407,929$484,449
69$529,506$424,953$397,293$491,976
70$558,447$420,708$385,534$499,691
71$589,551$415,465$372,592$507,625
72$623,014$409,151$358,402$515,816
73$659,049$401,687$342,896$524,304
74$697,893$392,991$326,004$533,138
75$739,805$382,975$307,653$542,372
76$785,071$371,546$287,764$552,070
77$834,002$358,605$266,258$562,304
78$886,943$344,050$243,051$573,154
79$944,272$327,769$218,054$584,712
80$1,006,405$309,647$191,176$597,084
81$1,073,798$289,560$162,320$610,387
82$1,146,955$267,378$131,388$624,755
83$1,226,429$242,963$98,273$640,337
84$1,312,826$216,171$62,867$657,302
85$1,406,818$186,846$25,056$675,841
86$1,509,139$154,827$0$696,165
87$1,620,600$119,943$0$722,105
88$1,742,092$82,011$0$756,849
89$1,874,597$40,841$0$794,838
90$2,019,193$0$0$836,441
91$2,177,070$0$0$883,723
92$2,349,536$0$0$955,065
93$2,538,031$0$0$1,033,091
94$2,744,141$0$0$1,118,465
95$2,969,612$0$0$1,211,917
96$3,216,367$0$0$1,314,251
97$3,486,522$0$0$1,426,354
98$3,782,408$0$0$1,549,199
99$4,106,593$0$0$1,683,861
100$4,461,904$0$0$1,831,522