Can I retire at age 66 with 426,000?

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 $426,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.3%
1 years$35,179$34,865$34,560$34,261$33,970$33,095
2 years$17,415$17,091$16,777$16,472$16,176$15,300
3 years$11,495$11,169$10,856$10,554$10,263$9,414
4 years$8,535$8,210$7,900$7,603$7,320$6,504
5 years$6,760$6,437$6,131$5,840$5,564$4,784
6 years$5,577$5,256$4,955$4,670$4,403$3,659
7 years$4,732$4,414$4,117$3,840$3,581$2,873
8 years$4,099$3,784$3,492$3,221$2,970$2,299
9 years$3,606$3,295$3,007$2,744$2,502$1,865
10 years$3,213$2,904$2,622$2,365$2,131$1,530
11 years$2,891$2,585$2,308$2,058$1,833$1,265
12 years$2,623$2,320$2,049$1,805$1,589$1,053
13 years$2,396$2,097$1,830$1,594$1,385$881
14 years$2,202$1,906$1,645$1,415$1,214$741
15 years$2,034$1,741$1,485$1,262$1,069$625
16 years$1,887$1,598$1,346$1,130$945$529
17 years$1,758$1,471$1,225$1,015$838$449
18 years$1,643$1,360$1,118$915$745$381
19 years$1,540$1,260$1,024$827$664$325
20 years$1,448$1,171$939$749$593$277
21 years$1,364$1,091$864$679$531$236
22 years$1,289$1,018$796$618$476$202
23 years$1,220$952$735$563$427$173
24 years$1,156$892$680$513$384$148
25 years$1,098$837$630$469$345$127
26 years$1,045$787$584$429$311$109
27 years$995$740$542$392$281$93
28 years$949$698$504$359$253$80
29 years$907$658$469$330$229$68
30 years$867$622$437$302$207$59
31 years$830$588$408$278$187$50
32 years$795$556$380$255$169$43
33 years$763$527$355$235$153$37
34 years$732$499$332$216$138$32
35 years$704$473$310$199$125$27
36 years$677$449$290$183$114$24
37 years$651$427$272$169$103$20
38 years$627$406$254$156$93$17
39 years$604$386$238$143$85$15
40 years$582$367$223$132$77$13
41 years$562$349$209$122$70$11
42 years$542$333$196$113$63$10
43 years$524$317$184$104$57$8
44 years$506$302$173$96$52$7
45 years$489$288$162$89$47$6
46 years$473$275$153$82$43$5
47 years$458$262$143$76$39$4
48 years$443$250$135$70$35$4
49 years$429$239$127$65$32$3
50 years$416$228$119$60$29$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $426,000, adding $4,338 every year, while hoping to spend $26,981 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: 65/19/16 Blend
65$426,000$426,000$426,000$426,000
66$473,927$451,349$444,746$502,613
67$493,560$444,757$430,937$515,765
68$514,291$436,938$415,762$526,621
69$536,204$427,804$399,145$537,824
70$559,390$417,259$381,010$549,410
71$583,948$405,206$361,274$561,416
72$609,988$391,538$339,854$573,884
73$637,628$376,144$316,660$586,865
74$666,998$358,907$291,600$600,411
75$698,240$339,702$264,577$614,585
76$731,510$318,397$235,489$629,453
77$766,977$294,852$204,232$645,094
78$804,830$268,920$170,695$661,594
79$845,271$240,446$134,762$679,048
80$888,526$209,265$96,313$697,565
81$934,839$175,202$55,223$717,265
82$984,480$138,075$11,360$738,283
83$1,037,745$97,688$0$760,769
84$1,094,957$53,837$0$790,943
85$1,156,472$6,305$0$825,404
86$1,222,682$0$0$862,444
87$1,294,016$0$0$911,759
88$1,370,944$0$0$966,386
89$1,453,984$0$0$1,025,375
90$1,543,705$0$0$1,089,135
91$1,640,732$0$0$1,158,112
92$1,745,752$0$0$1,232,798
93$1,859,521$0$0$1,313,733
94$1,982,869$0$0$1,401,513
95$2,116,709$0$0$1,496,790
96$2,262,046$0$0$1,600,283
97$2,419,984$0$0$1,712,784
98$2,591,739$0$0$1,835,162
99$2,778,648$0$0$1,968,374
100$2,982,183$0$0$2,113,473