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%15.2%
1 years$36,748$36,420$36,101$35,789$35,485$34,726
2 years$18,192$17,853$17,525$17,206$16,898$16,137
3 years$12,007$11,667$11,340$11,024$10,721$9,981
4 years$8,916$8,577$8,252$7,942$7,646$6,934
5 years$7,061$6,724$6,404$6,101$5,812$5,130
6 years$5,825$5,491$5,176$4,879$4,599$3,947
7 years$4,943$4,611$4,301$4,011$3,740$3,119
8 years$4,281$3,953$3,647$3,365$3,103$2,511
9 years$3,767$3,441$3,142$2,866$2,613$2,051
10 years$3,356$3,033$2,739$2,471$2,227$1,694
11 years$3,020$2,701$2,411$2,150$1,915$1,411
12 years$2,740$2,424$2,140$1,886$1,659$1,183
13 years$2,503$2,190$1,912$1,665$1,447$997
14 years$2,300$1,991$1,718$1,478$1,268$845
15 years$2,125$1,819$1,551$1,318$1,117$718
16 years$1,972$1,669$1,406$1,180$987$612
17 years$1,836$1,537$1,280$1,060$875$523
18 years$1,716$1,420$1,168$956$778$449
19 years$1,609$1,316$1,069$864$694$385
20 years$1,512$1,223$981$782$620$331
21 years$1,425$1,139$903$710$554$285
22 years$1,346$1,063$832$645$497$246
23 years$1,274$995$768$588$446$212
24 years$1,208$932$710$536$401$183
25 years$1,147$875$658$490$361$158
26 years$1,091$822$610$448$325$137
27 years$1,040$774$567$410$293$118
28 years$992$729$527$375$264$102
29 years$947$688$490$344$239$89
30 years$906$649$457$316$216$77
31 years$867$614$426$290$195$67
32 years$831$581$397$267$176$58
33 years$797$550$371$245$160$50
34 years$765$521$347$226$145$43
35 years$735$494$324$208$131$38
36 years$707$469$303$191$119$33
37 years$680$446$284$176$108$28
38 years$655$424$266$162$97$25
39 years$631$403$249$150$88$21
40 years$608$383$233$138$80$18
41 years$587$365$219$127$73$16
42 years$567$347$205$118$66$14
43 years$547$331$193$109$60$12
44 years$529$316$181$100$54$10
45 years$511$301$170$93$49$9
46 years$494$287$159$86$45$8
47 years$478$274$150$79$41$7
48 years$463$262$141$73$37$6
49 years$448$250$132$67$34$5
50 years$434$239$124$62$30$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $445,000, adding $4,606 every year, while hoping to spend $24,833 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: 61/20/19 Blend
65$445,000$445,000$445,000$445,000
66$495,141$471,556$464,659$522,646
67$519,223$468,240$453,803$538,451
68$544,930$463,930$441,751$552,526
69$572,400$458,549$428,436$567,316
70$601,786$452,020$413,790$582,893
71$633,256$444,257$397,740$599,339
72$666,994$435,171$380,211$616,744
73$703,201$424,668$361,121$635,208
74$742,099$412,649$340,390$654,842
75$783,931$399,006$317,931$675,770
76$828,962$383,627$293,652$698,131
77$877,487$366,396$267,460$722,078
78$929,826$347,184$239,255$747,781
79$986,333$325,861$208,935$775,431
80$1,047,396$302,286$176,391$805,237
81$1,113,442$276,309$141,512$837,433
82$1,184,940$247,775$104,180$872,279
83$1,262,405$216,517$64,271$910,062
84$1,346,405$182,361$21,658$951,102
85$1,437,562$145,121$0$995,752
86$1,536,564$104,602$0$1,049,235
87$1,644,162$60,597$0$1,112,156
88$1,761,189$12,888$0$1,180,631
89$1,888,555$0$0$1,255,226
90$2,027,267$0$0$1,345,095
91$2,178,428$0$0$1,446,152
92$2,343,256$0$0$1,556,378
93$2,523,089$0$0$1,676,673
94$2,719,401$0$0$1,808,027
95$2,933,814$0$0$1,951,530
96$3,168,114$0$0$2,108,380
97$3,424,266$0$0$2,279,900
98$3,704,435$0$0$2,467,544
99$4,011,005$0$0$2,672,913
100$4,346,600$0$0$2,897,770