Can I retire at age 66 with 422,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $422,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.7%
1 years$34,848$34,538$34,235$33,940$33,651$32,998
2 years$17,252$16,930$16,619$16,317$16,024$15,370
3 years$11,387$11,064$10,754$10,455$10,166$9,530
4 years$8,455$8,133$7,826$7,532$7,251$6,637
5 years$6,696$6,377$6,073$5,785$5,512$4,923
6 years$5,524$5,207$4,908$4,626$4,361$3,798
7 years$4,688$4,373$4,079$3,804$3,547$3,009
8 years$4,060$3,748$3,459$3,191$2,943$2,431
9 years$3,572$3,264$2,979$2,718$2,478$1,991
10 years$3,183$2,877$2,597$2,343$2,111$1,649
11 years$2,864$2,561$2,287$2,039$1,816$1,378
12 years$2,598$2,299$2,029$1,788$1,574$1,159
13 years$2,374$2,077$1,813$1,579$1,372$980
14 years$2,182$1,888$1,629$1,402$1,203$833
15 years$2,015$1,725$1,471$1,250$1,059$711
16 years$1,870$1,583$1,334$1,119$936$608
17 years$1,741$1,457$1,213$1,006$830$522
18 years$1,627$1,347$1,108$906$738$449
19 years$1,526$1,248$1,014$819$658$387
20 years$1,434$1,160$931$742$588$334
21 years$1,352$1,080$856$673$526$288
22 years$1,277$1,008$789$612$471$250
23 years$1,208$943$728$557$423$216
24 years$1,146$884$674$508$380$187
25 years$1,088$829$624$464$342$163
26 years$1,035$779$579$424$308$141
27 years$986$734$537$389$278$123
28 years$941$691$500$356$251$107
29 years$898$652$465$326$226$93
30 years$859$616$433$300$205$81
31 years$822$582$404$275$185$70
32 years$788$551$377$253$167$61
33 years$756$522$352$233$151$53
34 years$725$494$329$214$137$46
35 years$697$469$307$197$124$40
36 years$670$445$287$181$112$35
37 years$645$423$269$167$102$31
38 years$621$402$252$154$92$27
39 years$598$382$236$142$84$23
40 years$577$363$221$131$76$20
41 years$557$346$207$121$69$18
42 years$537$329$195$112$63$15
43 years$519$314$183$103$57$13
44 years$501$299$171$95$52$12
45 years$485$285$161$88$47$10
46 years$469$272$151$81$42$9
47 years$454$260$142$75$39$8
48 years$439$248$133$69$35$7
49 years$425$237$125$64$32$6
50 years$412$226$118$59$29$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $422,000, adding $2,165 every year, while hoping to spend $32,782 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: 52/24/24 Blend
65$422,000$422,000$422,000$422,000
66$467,277$444,911$438,370$488,350
67$480,060$431,832$418,176$490,076
68$493,047$417,013$396,206$488,419
69$506,226$400,335$372,367$485,941
70$519,580$381,671$346,561$482,579
71$533,091$360,886$318,684$478,262
72$546,736$337,839$288,629$472,914
73$560,489$312,379$256,285$466,456
74$574,322$284,349$221,533$458,803
75$588,201$253,580$184,253$449,862
76$602,087$219,895$144,315$439,535
77$615,937$183,107$101,587$427,718
78$629,702$143,019$55,929$414,297
79$643,325$99,420$7,196$399,152
80$656,744$52,091$0$382,155
81$669,887$799$0$374,640
82$682,675$0$0$367,698
83$695,018$0$0$373,812
84$706,814$0$0$379,802
85$717,953$0$0$385,390
86$728,308$0$0$390,504
87$737,738$0$0$395,062
88$746,087$0$0$398,974
89$753,180$0$0$402,139
90$758,823$0$0$404,444
91$762,799$0$0$405,766
92$764,868$0$0$405,964
93$764,763$0$0$404,885
94$762,186$0$0$402,357
95$756,807$0$0$398,191
96$748,262$0$0$392,177
97$736,144$0$0$384,080
98$720,005$0$0$373,642
99$699,345$0$0$360,576
100$673,614$0$0$344,566