Can I retire at age 66 with 445,000?

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 $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%12.1%
1 years$36,748$36,420$36,101$35,789$35,485$35,173
2 years$18,192$17,853$17,525$17,206$16,898$16,583
3 years$12,007$11,667$11,340$11,024$10,721$10,413
4 years$8,916$8,577$8,252$7,942$7,646$7,349
5 years$7,061$6,724$6,404$6,101$5,812$5,526
6 years$5,825$5,491$5,176$4,879$4,599$4,323
7 years$4,943$4,611$4,301$4,011$3,740$3,476
8 years$4,281$3,953$3,647$3,365$3,103$2,849
9 years$3,767$3,441$3,142$2,866$2,613$2,370
10 years$3,356$3,033$2,739$2,471$2,227$1,995
11 years$3,020$2,701$2,411$2,150$1,915$1,694
12 years$2,740$2,424$2,140$1,886$1,659$1,449
13 years$2,503$2,190$1,912$1,665$1,447$1,246
14 years$2,300$1,991$1,718$1,478$1,268$1,078
15 years$2,125$1,819$1,551$1,318$1,117$936
16 years$1,972$1,669$1,406$1,180$987$816
17 years$1,836$1,537$1,280$1,060$875$713
18 years$1,716$1,420$1,168$956$778$625
19 years$1,609$1,316$1,069$864$694$548
20 years$1,512$1,223$981$782$620$483
21 years$1,425$1,139$903$710$554$425
22 years$1,346$1,063$832$645$497$375
23 years$1,274$995$768$588$446$332
24 years$1,208$932$710$536$401$293
25 years$1,147$875$658$490$361$260
26 years$1,091$822$610$448$325$230
27 years$1,040$774$567$410$293$204
28 years$992$729$527$375$264$181
29 years$947$688$490$344$239$161
30 years$906$649$457$316$216$143
31 years$867$614$426$290$195$127
32 years$831$581$397$267$176$113
33 years$797$550$371$245$160$100
34 years$765$521$347$226$145$89
35 years$735$494$324$208$131$80
36 years$707$469$303$191$119$71
37 years$680$446$284$176$108$63
38 years$655$424$266$162$97$56
39 years$631$403$249$150$88$50
40 years$608$383$233$138$80$45
41 years$587$365$219$127$73$40
42 years$567$347$205$118$66$35
43 years$547$331$193$109$60$32
44 years$529$316$181$100$54$28
45 years$511$301$170$93$49$25
46 years$494$287$159$86$45$22
47 years$478$274$150$79$41$20
48 years$463$262$141$73$37$18
49 years$448$250$132$67$34$16
50 years$434$239$124$62$30$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $445,000, adding $6,756 every year, while hoping to spend $31,515 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: 71/5/24 Blend
65$445,000$445,000$445,000$445,000
66$497,359$473,774$466,876$529,219
67$514,558$463,457$448,985$541,055
68$532,455$451,578$429,438$549,674
69$551,088$438,028$408,147$558,351
70$570,497$422,690$385,018$567,090
71$590,727$405,442$359,956$575,893
72$611,825$386,152$332,858$584,766
73$633,841$364,684$303,619$593,716
74$656,831$340,891$272,128$602,751
75$680,854$314,620$238,270$611,879
76$705,973$285,709$201,924$621,113
77$732,258$253,984$162,964$630,467
78$759,783$219,265$121,259$639,957
79$788,631$181,358$76,670$649,603
80$818,888$140,062$29,056$659,428
81$850,651$95,161$0$669,458
82$884,023$46,430$0$685,296
83$919,117$0$0$709,707
84$956,056$0$0$735,676
85$994,973$0$0$765,737
86$1,036,014$0$0$797,446
87$1,079,337$0$0$830,929
88$1,125,115$0$0$866,319
89$1,173,536$0$0$903,764
90$1,224,806$0$0$943,424
91$1,279,151$0$0$985,475
92$1,336,815$0$0$1,030,109
93$1,398,067$0$0$1,077,535
94$1,463,201$0$0$1,127,983
95$1,532,539$0$0$1,181,703
96$1,606,432$0$0$1,238,971
97$1,685,266$0$0$1,300,087
98$1,769,463$0$0$1,365,381
99$1,859,485$0$0$1,435,215
100$1,955,840$0$0$1,509,985