Can I retire at age 66 with 412,000?

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 $412,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.1%
1 years$34,023$33,720$33,424$33,135$32,853$32,701
2 years$16,843$16,529$16,225$15,930$15,645$15,491
3 years$11,117$10,802$10,499$10,207$9,926$9,775
4 years$8,255$7,941$7,640$7,353$7,079$6,933
5 years$6,538$6,226$5,929$5,648$5,381$5,240
6 years$5,393$5,084$4,792$4,517$4,258$4,122
7 years$4,576$4,269$3,982$3,714$3,463$3,332
8 years$3,964$3,660$3,377$3,115$2,873$2,747
9 years$3,488$3,186$2,909$2,653$2,419$2,299
10 years$3,107$2,809$2,536$2,287$2,061$1,946
11 years$2,796$2,500$2,232$1,991$1,773$1,663
12 years$2,537$2,244$1,981$1,746$1,536$1,431
13 years$2,318$2,028$1,770$1,542$1,340$1,239
14 years$2,130$1,843$1,590$1,368$1,174$1,079
15 years$1,967$1,684$1,436$1,220$1,034$943
16 years$1,825$1,545$1,302$1,093$914$827
17 years$1,700$1,423$1,185$982$810$728
18 years$1,589$1,315$1,081$885$720$642
19 years$1,490$1,219$990$799$642$568
20 years$1,400$1,132$909$724$574$504
21 years$1,320$1,055$836$657$513$447
22 years$1,246$985$770$597$460$397
23 years$1,179$921$711$544$413$354
24 years$1,118$863$658$496$371$315
25 years$1,062$810$609$453$334$281
26 years$1,010$761$565$414$301$251
27 years$963$716$525$379$271$225
28 years$918$675$488$348$245$201
29 years$877$637$454$319$221$180
30 years$839$601$423$292$200$161
31 years$803$568$394$269$181$144
32 years$769$538$368$247$163$129
33 years$738$509$343$227$148$116
34 years$708$483$321$209$134$104
35 years$681$458$300$192$121$94
36 years$654$435$281$177$110$84
37 years$630$413$263$163$100$75
38 years$606$392$246$150$90$68
39 years$584$373$230$139$82$61
40 years$563$355$216$128$74$55
41 years$543$338$203$118$67$49
42 years$525$322$190$109$61$44
43 years$507$307$178$101$55$40
44 years$490$292$167$93$50$36
45 years$473$279$157$86$46$32
46 years$458$266$148$79$41$29
47 years$443$254$139$73$38$26
48 years$429$242$130$68$34$23
49 years$415$231$122$62$31$21
50 years$402$221$115$58$28$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $412,000, adding $6,868 every year, while hoping to spend $20,053 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: 63/22/15 Blend
65$412,000$412,000$412,000$412,000
66$461,108$439,272$432,886$488,045
67$486,805$439,460$426,052$507,145
68$514,451$438,986$418,316$525,083
69$544,223$437,794$409,628$544,187
70$576,317$435,830$399,934$564,570
71$610,948$433,031$389,178$586,357
72$648,349$429,334$377,300$609,690
73$688,781$424,672$364,239$634,722
74$732,527$418,971$349,932$661,625
75$779,900$412,156$334,310$690,586
76$831,244$404,146$317,303$721,816
77$886,936$394,854$298,839$755,546
78$947,393$384,191$278,839$792,030
79$1,013,070$372,060$257,224$831,553
80$1,084,472$358,360$233,909$874,426
81$1,162,151$342,982$208,808$920,996
82$1,246,716$325,814$181,828$971,644
83$1,338,836$306,734$152,874$1,026,793
84$1,439,248$285,615$121,847$1,086,910
85$1,548,764$262,322$88,641$1,152,511
86$1,668,276$236,714$53,149$1,224,165
87$1,798,766$208,639$15,255$1,302,502
88$1,941,317$177,939$0$1,388,220
89$2,097,118$144,446$0$1,486,116
90$2,267,482$107,981$0$1,595,878
91$2,453,852$68,359$0$1,716,020
92$2,657,816$25,380$0$1,847,600
93$2,881,126$0$0$1,991,784
94$3,125,707$0$0$2,154,983
95$3,393,683$0$0$2,340,553
96$3,687,391$0$0$2,543,973
97$4,009,406$0$0$2,767,030
98$4,362,561$0$0$3,011,690
99$4,749,981$0$0$3,280,123
100$5,175,104$0$0$3,574,714