Can I retire at age 66 with 445,000?

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 $445,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.1%
1 years$36,748$36,420$36,101$35,789$35,485$34,883
2 years$18,192$17,853$17,525$17,206$16,898$16,293
3 years$12,007$11,667$11,340$11,024$10,721$10,132
4 years$8,916$8,577$8,252$7,942$7,646$7,078
5 years$7,061$6,724$6,404$6,101$5,812$5,267
6 years$5,825$5,491$5,176$4,879$4,599$4,076
7 years$4,943$4,611$4,301$4,011$3,740$3,241
8 years$4,281$3,953$3,647$3,365$3,103$2,626
9 years$3,767$3,441$3,142$2,866$2,613$2,159
10 years$3,356$3,033$2,739$2,471$2,227$1,795
11 years$3,020$2,701$2,411$2,150$1,915$1,505
12 years$2,740$2,424$2,140$1,886$1,659$1,271
13 years$2,503$2,190$1,912$1,665$1,447$1,080
14 years$2,300$1,991$1,718$1,478$1,268$921
15 years$2,125$1,819$1,551$1,318$1,117$789
16 years$1,972$1,669$1,406$1,180$987$678
17 years$1,836$1,537$1,280$1,060$875$584
18 years$1,716$1,420$1,168$956$778$505
19 years$1,609$1,316$1,069$864$694$437
20 years$1,512$1,223$981$782$620$379
21 years$1,425$1,139$903$710$554$329
22 years$1,346$1,063$832$645$497$286
23 years$1,274$995$768$588$446$249
24 years$1,208$932$710$536$401$217
25 years$1,147$875$658$490$361$189
26 years$1,091$822$610$448$325$165
27 years$1,040$774$567$410$293$144
28 years$992$729$527$375$264$126
29 years$947$688$490$344$239$110
30 years$906$649$457$316$216$96
31 years$867$614$426$290$195$84
32 years$831$581$397$267$176$73
33 years$797$550$371$245$160$64
34 years$765$521$347$226$145$56
35 years$735$494$324$208$131$49
36 years$707$469$303$191$119$43
37 years$680$446$284$176$108$38
38 years$655$424$266$162$97$33
39 years$631$403$249$150$88$29
40 years$608$383$233$138$80$25
41 years$587$365$219$127$73$22
42 years$567$347$205$118$66$19
43 years$547$331$193$109$60$17
44 years$529$316$181$100$54$15
45 years$511$301$170$93$49$13
46 years$494$287$159$86$45$11
47 years$478$274$150$79$41$10
48 years$463$262$141$73$37$9
49 years$448$250$132$67$34$8
50 years$434$239$124$62$30$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $445,000, adding $6,090 every year, while hoping to spend $20,188 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: 33/44/23 Blend
65$445,000$445,000$445,000$445,000
66$496,672$473,087$466,189$509,398
67$525,852$474,788$460,327$521,148
68$557,333$475,896$453,591$531,550
69$591,326$476,361$445,932$542,349
70$628,067$476,128$437,297$553,596
71$667,813$475,142$427,629$565,343
72$710,847$473,341$416,872$577,653
73$757,481$470,661$404,964$590,594
74$808,056$467,036$391,842$604,245
75$862,949$462,392$377,440$618,693
76$922,574$456,653$361,689$634,038
77$987,386$449,739$344,515$650,390
78$1,057,886$441,563$325,843$667,874
79$1,134,626$432,035$305,594$686,630
80$1,218,212$421,058$283,685$706,815
81$1,309,310$408,531$260,030$728,602
82$1,408,657$394,346$234,537$752,189
83$1,517,059$378,388$207,113$777,794
84$1,635,406$360,536$177,659$805,662
85$1,764,679$340,664$146,072$836,064
86$1,905,956$318,636$112,245$869,307
87$2,060,422$294,308$76,064$905,728
88$2,229,386$267,530$37,413$945,706
89$2,414,287$238,142$0$989,660
90$2,616,709$205,976$0$1,039,001
91$2,838,397$170,853$0$1,103,168
92$3,081,273$132,584$0$1,173,580
93$3,347,454$90,971$0$1,250,915
94$3,639,269$45,804$0$1,335,924
95$3,959,286$0$0$1,429,438
96$4,310,333$0$0$1,533,896
97$4,695,523$0$0$1,672,916
98$5,118,286$0$0$1,825,567
99$5,582,402$0$0$1,993,221
100$6,092,033$0$0$2,177,392