Can I retire at age 66 with 451,000?

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 $451,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.3%
1 years$37,243$36,911$36,588$36,272$35,963$35,180
2 years$18,437$18,094$17,761$17,438$17,125$16,340
3 years$12,169$11,825$11,493$11,173$10,865$10,102
4 years$9,036$8,692$8,364$8,049$7,749$7,015
5 years$7,157$6,815$6,491$6,183$5,891$5,187
6 years$5,904$5,565$5,245$4,944$4,661$3,989
7 years$5,010$4,673$4,359$4,065$3,791$3,150
8 years$4,339$4,006$3,697$3,410$3,145$2,535
9 years$3,818$3,488$3,184$2,905$2,648$2,069
10 years$3,401$3,074$2,776$2,504$2,257$1,707
11 years$3,061$2,737$2,444$2,179$1,941$1,421
12 years$2,777$2,457$2,169$1,911$1,682$1,191
13 years$2,537$2,220$1,938$1,687$1,467$1,003
14 years$2,331$2,018$1,741$1,498$1,286$849
15 years$2,154$1,843$1,572$1,336$1,132$721
16 years$1,998$1,691$1,425$1,196$1,000$615
17 years$1,861$1,558$1,297$1,075$887$525
18 years$1,739$1,439$1,184$969$789$450
19 years$1,631$1,334$1,084$875$703$386
20 years$1,533$1,240$995$793$628$331
21 years$1,444$1,155$915$719$562$285
22 years$1,364$1,078$843$654$504$246
23 years$1,291$1,008$779$596$452$212
24 years$1,224$944$720$543$406$183
25 years$1,163$886$667$496$366$158
26 years$1,106$833$618$454$329$136
27 years$1,054$784$574$415$297$118
28 years$1,005$739$534$380$268$102
29 years$960$697$497$349$242$88
30 years$918$658$463$320$219$76
31 years$879$622$431$294$198$66
32 years$842$589$403$270$179$57
33 years$808$557$376$249$162$49
34 years$775$528$351$229$147$43
35 years$745$501$328$210$133$37
36 years$716$476$307$194$120$32
37 years$689$452$287$179$109$28
38 years$664$429$269$165$99$24
39 years$640$408$252$152$90$21
40 years$617$388$236$140$81$18
41 years$595$370$222$129$74$16
42 years$574$352$208$119$67$14
43 years$555$336$195$110$61$12
44 years$536$320$183$102$55$10
45 years$518$305$172$94$50$9
46 years$501$291$162$87$45$8
47 years$485$278$152$80$41$7
48 years$469$265$143$74$37$6
49 years$455$253$134$68$34$5
50 years$440$242$126$63$31$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $451,000, adding $2,392 every year, while hoping to spend $33,425 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: 62/29/9 Blend
65$451,000$451,000$451,000$451,000
66$499,469$475,566$468,576$529,316
67$514,851$463,305$448,709$537,307
68$530,682$449,323$427,057$541,946
69$546,972$433,500$403,523$546,166
70$563,731$415,710$378,010$549,928
71$580,970$395,818$350,412$553,187
72$598,700$373,684$320,621$555,898
73$616,930$349,157$288,524$558,012
74$635,670$322,079$254,003$559,476
75$654,929$292,282$216,933$560,234
76$674,717$259,589$177,186$560,227
77$695,043$223,813$134,626$559,392
78$715,914$184,757$89,113$557,660
79$737,338$142,211$40,499$554,960
80$759,322$95,955$0$551,215
81$781,872$45,756$0$547,437
82$804,993$0$0$546,667
83$828,688$0$0$547,690
84$852,961$0$0$563,691
85$877,810$0$0$580,068
86$903,237$0$0$596,820
87$929,238$0$0$613,945
88$955,808$0$0$631,439
89$982,939$0$0$649,296
90$1,010,621$0$0$667,507
91$1,038,841$0$0$686,064
92$1,067,581$0$0$704,953
93$1,096,819$0$0$724,160
94$1,126,531$0$0$743,665
95$1,156,686$0$0$763,448
96$1,187,247$0$0$783,483
97$1,218,171$0$0$803,739
98$1,249,408$0$0$824,182
99$1,280,902$0$0$844,772
100$1,312,586$0$0$865,462