Can I retire at age 66 with 450,000?

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 $450,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.2%
1 years$37,161$36,830$36,507$36,191$35,884$35,406
2 years$18,396$18,054$17,722$17,400$17,087$16,607
3 years$12,142$11,798$11,467$11,148$10,841$10,373
4 years$9,016$8,673$8,345$8,032$7,732$7,279
5 years$7,141$6,800$6,476$6,169$5,878$5,442
6 years$5,891$5,552$5,234$4,933$4,651$4,233
7 years$4,999$4,663$4,349$4,056$3,782$3,382
8 years$4,330$3,997$3,688$3,403$3,138$2,755
9 years$3,810$3,480$3,177$2,898$2,642$2,277
10 years$3,394$3,068$2,770$2,498$2,252$1,904
11 years$3,054$2,731$2,438$2,174$1,936$1,605
12 years$2,771$2,451$2,164$1,907$1,678$1,364
13 years$2,531$2,215$1,933$1,684$1,463$1,165
14 years$2,326$2,013$1,737$1,495$1,283$1,000
15 years$2,149$1,839$1,568$1,333$1,129$862
16 years$1,994$1,688$1,422$1,193$998$745
17 years$1,857$1,554$1,294$1,072$885$646
18 years$1,735$1,436$1,181$966$787$562
19 years$1,627$1,331$1,081$873$701$490
20 years$1,529$1,237$992$791$627$427
21 years$1,441$1,152$913$718$561$373
22 years$1,361$1,075$841$653$503$327
23 years$1,288$1,006$777$594$451$286
24 years$1,222$942$718$542$405$251
25 years$1,160$884$665$495$365$221
26 years$1,104$831$617$453$329$194
27 years$1,051$782$573$414$296$170
28 years$1,003$737$533$380$267$150
29 years$958$695$496$348$241$132
30 years$916$657$462$319$218$116
31 years$877$621$430$293$197$102
32 years$840$587$402$270$178$90
33 years$806$556$375$248$161$79
34 years$774$527$350$228$146$70
35 years$743$500$328$210$132$62
36 years$715$475$306$193$120$54
37 years$688$451$287$178$109$48
38 years$662$428$269$164$99$42
39 years$638$407$252$151$89$37
40 years$615$388$236$140$81$33
41 years$594$369$221$129$74$29
42 years$573$351$207$119$67$26
43 years$553$335$195$110$61$23
44 years$535$319$183$101$55$20
45 years$517$304$172$94$50$18
46 years$500$290$161$86$45$16
47 years$484$277$151$80$41$14
48 years$468$264$142$74$37$12
49 years$454$253$134$68$34$11
50 years$439$241$126$63$31$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $450,000, adding $3,416 every year, while hoping to spend $23,473 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: 64/6/30 Blend
65$450,000$450,000$450,000$450,000
66$499,424$475,574$468,599$527,179
67$525,390$473,902$459,322$544,742
68$553,218$471,361$448,947$561,053
69$583,073$467,884$437,413$578,378
70$615,136$463,400$424,656$596,819
71$649,606$457,833$410,609$616,492
72$686,701$451,103$395,200$637,523
73$726,661$443,124$378,356$660,054
74$769,750$433,806$360,000$684,240
75$816,257$423,054$340,052$710,255
76$866,498$410,767$318,427$738,290
77$920,825$396,839$295,038$768,558
78$979,620$381,154$269,792$801,295
79$1,043,305$363,595$242,595$836,759
80$1,112,345$344,034$213,344$875,241
81$1,187,249$322,337$181,937$917,058
82$1,268,580$298,363$148,263$962,564
83$1,356,953$271,961$112,208$1,012,150
84$1,453,048$242,973$73,653$1,066,246
85$1,557,612$211,231$32,473$1,125,332
86$1,671,467$176,560$0$1,189,935
87$1,795,517$138,772$0$1,264,312
88$1,930,757$97,669$0$1,356,768
89$2,078,282$53,043$0$1,457,657
90$2,239,299$4,673$0$1,567,813
91$2,415,133$0$0$1,688,159
92$2,607,247$0$0$1,822,857
93$2,817,248$0$0$1,970,463
94$3,046,907$0$0$2,131,918
95$3,298,174$0$0$2,308,595
96$3,573,196$0$0$2,502,010
97$3,874,335$0$0$2,713,828
98$4,204,197$0$0$2,945,884
99$4,565,646$0$0$3,200,201
100$4,961,841$0$0$3,479,004