Can I retire at age 66 with 453,000?

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 $453,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.1%
1 years$37,408$37,075$36,750$36,433$36,123$35,657
2 years$18,519$18,174$17,840$17,516$17,201$16,732
3 years$12,223$11,877$11,544$11,222$10,913$10,456
4 years$9,076$8,731$8,401$8,085$7,783$7,341
5 years$7,188$6,845$6,519$6,210$5,917$5,491
6 years$5,930$5,590$5,269$4,966$4,682$4,273
7 years$5,032$4,694$4,378$4,083$3,808$3,416
8 years$4,358$4,024$3,713$3,425$3,159$2,785
9 years$3,835$3,503$3,198$2,918$2,660$2,303
10 years$3,416$3,088$2,788$2,515$2,267$1,926
11 years$3,074$2,749$2,455$2,189$1,949$1,626
12 years$2,789$2,467$2,178$1,920$1,689$1,382
13 years$2,548$2,230$1,946$1,695$1,473$1,181
14 years$2,342$2,027$1,749$1,505$1,291$1,015
15 years$2,163$1,852$1,579$1,342$1,137$875
16 years$2,007$1,699$1,431$1,201$1,005$757
17 years$1,869$1,565$1,303$1,079$891$657
18 years$1,747$1,446$1,189$973$792$572
19 years$1,638$1,340$1,089$879$706$498
20 years$1,540$1,245$999$796$631$435
21 years$1,451$1,160$919$723$564$381
22 years$1,370$1,083$847$657$506$334
23 years$1,297$1,012$782$598$454$293
24 years$1,230$949$723$546$408$257
25 years$1,168$890$670$498$367$226
26 years$1,111$837$621$456$331$198
27 years$1,058$787$577$417$298$175
28 years$1,010$742$536$382$269$154
29 years$964$700$499$350$243$135
30 years$922$661$465$322$220$119
31 years$883$625$433$295$199$105
32 years$846$591$404$271$180$93
33 years$811$560$378$250$163$82
34 years$779$531$353$230$147$72
35 years$748$503$330$211$133$64
36 years$719$478$309$195$121$56
37 years$692$454$289$179$109$50
38 years$667$431$270$165$99$44
39 years$642$410$253$152$90$39
40 years$619$390$237$141$82$34
41 years$597$371$223$130$74$30
42 years$577$354$209$120$67$27
43 years$557$337$196$111$61$24
44 years$538$321$184$102$55$21
45 years$520$306$173$94$50$18
46 years$503$292$162$87$46$16
47 years$487$279$152$80$41$14
48 years$471$266$143$74$38$13
49 years$457$254$135$69$34$11
50 years$442$243$127$63$31$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $453,000, adding $2,447 every year, while hoping to spend $32,633 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: 45/26/29 Blend
65$453,000$453,000$453,000$453,000
66$501,730$477,721$470,700$520,005
67$518,185$466,408$451,747$521,945
68$535,225$453,447$431,065$520,736
69$552,875$438,723$408,563$518,806
70$571,161$422,114$384,143$516,104
71$590,113$403,490$357,704$512,581
72$609,759$382,715$329,142$508,181
73$630,132$359,646$298,346$502,850
74$651,265$334,129$265,200$496,526
75$673,195$306,002$229,586$489,148
76$695,960$275,095$191,376$480,652
77$719,602$241,229$150,441$470,969
78$744,163$204,211$106,643$460,028
79$769,692$163,841$59,839$447,754
80$796,237$119,906$9,880$434,070
81$823,853$72,181$0$418,895
82$852,598$20,430$0$415,584
83$882,533$0$0$414,744
84$913,725$0$0$423,462
85$946,245$0$0$438,655
86$980,172$0$0$454,515
87$1,015,587$0$0$471,083
88$1,052,580$0$0$488,403
89$1,091,249$0$0$506,522
90$1,131,699$0$0$525,490
91$1,174,043$0$0$545,363
92$1,218,403$0$0$566,201
93$1,264,913$0$0$588,068
94$1,313,717$0$0$611,035
95$1,364,973$0$0$635,179
96$1,418,850$0$0$660,583
97$1,475,534$0$0$687,337
98$1,535,227$0$0$715,541
99$1,598,148$0$0$745,301
100$1,664,536$0$0$776,736