Can I retire at age 66 with 430,000?

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 $430,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$35,509$35,193$34,884$34,583$34,289$34,101
2 years$17,579$17,251$16,934$16,626$16,328$16,139
3 years$11,603$11,274$10,957$10,653$10,359$10,174
4 years$8,615$8,288$7,974$7,675$7,388$7,209
5 years$6,823$6,498$6,188$5,895$5,616$5,443
6 years$5,629$5,306$5,001$4,714$4,444$4,277
7 years$4,776$4,456$4,156$3,876$3,614$3,454
8 years$4,137$3,819$3,525$3,251$2,998$2,844
9 years$3,640$3,325$3,036$2,769$2,525$2,377
10 years$3,243$2,931$2,647$2,387$2,151$2,010
11 years$2,918$2,610$2,330$2,078$1,850$1,715
12 years$2,648$2,342$2,068$1,822$1,603$1,474
13 years$2,419$2,117$1,847$1,609$1,398$1,275
14 years$2,223$1,924$1,660$1,428$1,226$1,108
15 years$2,053$1,758$1,499$1,274$1,079$968
16 years$1,905$1,613$1,359$1,140$954$848
17 years$1,774$1,485$1,236$1,025$846$745
18 years$1,658$1,372$1,129$923$752$657
19 years$1,555$1,272$1,033$834$670$580
20 years$1,461$1,182$948$756$599$513
21 years$1,377$1,101$872$686$536$455
22 years$1,301$1,028$804$624$480$404
23 years$1,231$961$742$568$431$359
24 years$1,167$900$686$518$387$320
25 years$1,109$845$636$473$349$285
26 years$1,055$794$590$433$314$254
27 years$1,005$747$548$396$283$227
28 years$958$704$509$363$255$202
29 years$915$664$474$333$231$181
30 years$875$627$441$305$208$162
31 years$838$593$411$280$188$145
32 years$803$561$384$258$170$130
33 years$770$532$358$237$154$116
34 years$739$504$335$218$140$104
35 years$710$478$313$201$127$93
36 years$683$454$293$185$115$83
37 years$657$431$274$170$104$75
38 years$633$409$257$157$94$67
39 years$610$389$240$145$85$60
40 years$588$370$225$133$77$54
41 years$567$353$211$123$70$48
42 years$547$336$198$114$64$43
43 years$529$320$186$105$58$39
44 years$511$305$175$97$53$35
45 years$494$291$164$89$48$31
46 years$478$277$154$83$43$28
47 years$462$265$145$76$39$25
48 years$447$253$136$71$36$23
49 years$433$241$128$65$32$20
50 years$420$231$120$60$29$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $430,000, adding $6,266 every year, while hoping to spend $37,700 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: 46/42/12 Blend
65$430,000$430,000$430,000$430,000
66$480,323$457,533$450,868$500,520
67$489,204$439,840$425,860$497,456
68$497,727$420,016$398,750$489,770
69$505,815$397,918$369,429$480,591
70$513,385$373,392$337,781$469,794
71$520,339$346,277$303,686$457,244
72$526,573$316,404$267,019$442,797
73$531,967$283,591$227,647$426,298
74$536,389$247,649$185,435$407,578
75$539,693$208,375$140,239$386,456
76$541,713$165,558$91,909$362,738
77$542,270$118,972$40,290$336,213
78$541,161$68,381$0$306,654
79$538,161$13,533$0$275,711
80$533,021$0$0$246,853
81$525,467$0$0$235,837
82$515,192$0$0$229,666
83$501,856$0$0$221,914
84$485,085$0$0$212,389
85$464,462$0$0$200,880
86$439,528$0$0$187,151
87$409,772$0$0$170,944
88$374,632$0$0$151,973
89$333,485$0$0$129,919
90$285,640$0$0$104,433
91$230,337$0$0$75,127
92$166,732$0$0$41,573
93$93,897$0$0$3,299
94$10,802$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0