Can I retire at age 66 with 409,000?

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 $409,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.6%
1 years$33,775$33,474$33,180$32,894$32,614$31,357
2 years$16,720$16,409$16,107$15,814$15,531$14,279
3 years$11,036$10,723$10,422$10,132$9,853$8,647
4 years$8,195$7,883$7,585$7,300$7,027$5,875
5 years$6,490$6,180$5,886$5,607$5,342$4,247
6 years$5,354$5,047$4,757$4,484$4,227$3,190
7 years$4,543$4,238$3,953$3,687$3,438$2,458
8 years$3,935$3,633$3,352$3,093$2,852$1,929
9 years$3,462$3,163$2,887$2,634$2,402$1,534
10 years$3,085$2,788$2,517$2,271$2,046$1,232
11 years$2,776$2,482$2,216$1,976$1,760$997
12 years$2,518$2,228$1,967$1,733$1,525$812
13 years$2,301$2,013$1,757$1,530$1,330$665
14 years$2,114$1,830$1,579$1,358$1,166$546
15 years$1,953$1,672$1,426$1,211$1,026$450
16 years$1,812$1,534$1,292$1,085$907$372
17 years$1,688$1,413$1,176$975$804$308
18 years$1,577$1,305$1,074$878$715$255
19 years$1,479$1,210$983$794$638$212
20 years$1,390$1,124$902$719$569$176
21 years$1,310$1,047$830$652$510$147
22 years$1,237$977$765$593$457$122
23 years$1,171$914$706$540$410$102
24 years$1,110$856$653$493$369$85
25 years$1,054$804$605$450$332$71
26 years$1,003$755$561$411$299$59
27 years$956$711$521$377$269$49
28 years$912$670$484$345$243$41
29 years$871$632$451$316$219$34
30 years$833$597$420$290$198$29
31 years$797$564$391$267$179$24
32 years$764$534$365$245$162$20
33 years$732$506$341$225$147$17
34 years$703$479$318$207$133$14
35 years$676$454$298$191$120$12
36 years$650$431$279$176$109$10
37 years$625$410$261$162$99$8
38 years$602$389$244$149$90$7
39 years$580$370$229$138$81$6
40 years$559$352$214$127$74$5
41 years$539$335$201$117$67$4
42 years$521$319$189$108$61$3
43 years$503$304$177$100$55$3
44 years$486$290$166$92$50$2
45 years$470$277$156$85$45$2
46 years$454$264$146$79$41$2
47 years$440$252$138$73$37$1
48 years$426$240$129$67$34$1
49 years$412$230$122$62$31$1
50 years$399$219$114$57$28$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $409,000, adding $6,634 every year, while hoping to spend $31,751 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: 29/49/22 Blend
65$409,000$409,000$409,000$409,000
66$457,561$435,884$429,544$467,524
67$470,449$423,459$410,151$463,324
68$483,588$409,362$389,044$455,543
69$496,970$393,476$366,133$446,511
70$510,584$375,680$341,321$436,142
71$524,418$355,843$314,511$424,342
72$538,459$333,830$285,597$411,014
73$552,690$309,495$254,473$396,052
74$567,090$282,686$221,023$379,347
75$581,637$253,242$185,132$360,781
76$596,304$220,991$146,673$340,230
77$611,061$185,752$105,520$317,562
78$625,871$147,336$61,537$292,637
79$640,695$105,541$14,584$265,306
80$655,487$60,154$0$235,414
81$670,196$10,950$0$211,131
82$684,761$0$0$188,138
83$699,119$0$0$185,669
84$713,192$0$0$188,977
85$726,898$0$0$192,131
86$740,143$0$0$195,098
87$752,820$0$0$197,844
88$764,811$0$0$200,330
89$775,985$0$0$202,512
90$786,192$0$0$204,341
91$795,270$0$0$205,765
92$803,033$0$0$206,721
93$809,277$0$0$207,145
94$813,775$0$0$206,960
95$816,272$0$0$206,086
96$816,489$0$0$204,429
97$814,112$0$0$201,890
98$808,794$0$0$198,354
99$800,151$0$0$193,698
100$787,755$0$0$187,783