Can I retire at age 66 with 417,000?

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 $417,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.2%
1 years$34,435$34,129$33,829$33,537$33,252$32,946
2 years$17,047$16,730$16,422$16,124$15,834$15,526
3 years$11,252$10,933$10,626$10,331$10,046$9,745
4 years$8,355$8,037$7,733$7,443$7,165$6,873
5 years$6,617$6,301$6,001$5,717$5,447$5,165
6 years$5,459$5,145$4,850$4,572$4,310$4,039
7 years$4,632$4,321$4,030$3,759$3,505$3,245
8 years$4,012$3,704$3,418$3,153$2,908$2,659
9 years$3,530$3,225$2,944$2,686$2,449$2,211
10 years$3,145$2,843$2,567$2,315$2,086$1,859
11 years$2,830$2,531$2,260$2,015$1,794$1,578
12 years$2,567$2,271$2,005$1,767$1,555$1,349
13 years$2,346$2,053$1,792$1,560$1,356$1,160
14 years$2,156$1,866$1,610$1,385$1,189$1,002
15 years$1,991$1,704$1,453$1,235$1,047$870
16 years$1,847$1,564$1,318$1,106$925$757
17 years$1,721$1,440$1,199$994$820$661
18 years$1,608$1,331$1,095$896$729$579
19 years$1,508$1,233$1,002$809$650$508
20 years$1,417$1,146$920$733$581$447
21 years$1,336$1,068$846$665$520$393
22 years$1,261$997$780$605$466$347
23 years$1,194$932$720$551$418$306
24 years$1,132$873$666$502$376$271
25 years$1,075$819$617$459$338$240
26 years$1,023$770$572$419$305$212
27 years$974$725$531$384$275$188
28 years$929$683$494$352$248$167
29 years$888$644$459$323$224$148
30 years$849$609$428$296$202$131
31 years$813$575$399$272$183$117
32 years$779$544$372$250$165$104
33 years$747$515$348$230$150$92
34 years$717$489$325$211$135$82
35 years$689$463$304$195$123$73
36 years$662$440$284$179$111$65
37 years$637$418$266$165$101$58
38 years$614$397$249$152$91$51
39 years$591$377$233$140$83$46
40 years$570$359$219$129$75$41
41 years$550$342$205$119$68$36
42 years$531$326$192$110$62$32
43 years$513$310$180$102$56$29
44 years$495$296$169$94$51$26
45 years$479$282$159$87$46$23
46 years$463$269$149$80$42$20
47 years$448$257$140$74$38$18
48 years$434$245$132$68$35$16
49 years$420$234$124$63$31$14
50 years$407$224$117$58$29$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $417,000, adding $6,330 every year, while hoping to spend $25,768 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: 28/47/25 Blend
65$417,000$417,000$417,000$417,000
66$466,063$443,962$437,499$475,343
67$486,185$438,300$424,738$477,498
68$507,495$431,496$410,686$477,140
69$530,088$423,468$395,273$476,224
70$554,067$414,127$378,424$474,720
71$579,544$403,381$360,063$472,596
72$606,641$391,131$340,109$469,820
73$635,494$377,272$318,479$466,362
74$666,250$361,694$295,083$462,189
75$699,070$344,279$269,831$457,269
76$734,130$324,904$242,626$451,573
77$771,625$303,438$213,367$445,068
78$811,767$279,743$181,951$437,725
79$854,789$253,672$148,268$429,516
80$900,946$225,070$112,203$420,413
81$950,518$193,774$73,638$410,393
82$1,003,814$159,612$32,447$399,432
83$1,061,170$122,400$0$387,511
84$1,122,958$81,947$0$377,686
85$1,189,586$38,048$0$376,311
86$1,261,500$0$0$374,753
87$1,339,192$0$0$377,971
88$1,423,204$0$0$402,783
89$1,514,128$0$0$429,694
90$1,612,617$0$0$458,902
91$1,719,390$0$0$490,629
92$1,835,236$0$0$525,118
93$1,961,023$0$0$562,634
94$2,097,706$0$0$603,471
95$2,246,335$0$0$647,953
96$2,408,066$0$0$696,433
97$2,584,171$0$0$749,304
98$2,776,049$0$0$806,996
99$2,985,239$0$0$869,982
100$3,213,437$0$0$938,784