Can I retire at age 66 with 455,000?

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 $455,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.5%
1 years$37,573$37,239$36,912$36,594$36,282$36,054
2 years$18,601$18,254$17,919$17,593$17,277$17,047
3 years$12,277$11,929$11,595$11,272$10,961$10,736
4 years$9,116$8,769$8,438$8,121$7,818$7,599
5 years$7,220$6,875$6,548$6,238$5,943$5,732
6 years$5,956$5,614$5,292$4,988$4,702$4,499
7 years$5,054$4,715$4,398$4,101$3,824$3,629
8 years$4,378$4,041$3,729$3,440$3,173$2,985
9 years$3,852$3,519$3,212$2,930$2,672$2,492
10 years$3,431$3,102$2,800$2,526$2,277$2,105
11 years$3,088$2,761$2,465$2,198$1,958$1,794
12 years$2,801$2,478$2,188$1,928$1,697$1,540
13 years$2,559$2,240$1,955$1,702$1,480$1,330
14 years$2,352$2,036$1,756$1,511$1,297$1,155
15 years$2,173$1,860$1,586$1,348$1,142$1,007
16 years$2,016$1,706$1,438$1,207$1,009$881
17 years$1,878$1,571$1,308$1,084$895$773
18 years$1,755$1,452$1,194$977$796$680
19 years$1,645$1,346$1,093$883$709$600
20 years$1,546$1,251$1,003$800$633$530
21 years$1,457$1,165$923$726$567$469
22 years$1,376$1,087$851$660$508$416
23 years$1,303$1,017$785$601$456$369
24 years$1,235$953$726$548$410$328
25 years$1,173$894$673$501$369$292
26 years$1,116$840$624$458$332$260
27 years$1,063$791$579$419$300$232
28 years$1,014$745$539$384$270$207
29 years$969$703$501$352$244$184
30 years$926$664$467$323$221$165
31 years$887$628$435$297$199$147
32 years$850$594$406$273$180$131
33 years$815$562$379$251$163$117
34 years$782$533$354$231$148$105
35 years$752$506$331$212$134$94
36 years$723$480$310$196$121$84
37 years$695$456$290$180$110$75
38 years$670$433$272$166$100$67
39 years$645$412$254$153$90$60
40 years$622$392$239$141$82$54
41 years$600$373$224$130$74$48
42 years$579$355$210$120$67$43
43 years$559$338$197$111$61$39
44 years$541$323$185$103$56$35
45 years$523$308$174$95$50$31
46 years$505$294$163$87$46$28
47 years$489$280$153$81$42$25
48 years$473$267$144$75$38$22
49 years$459$255$135$69$34$20
50 years$444$244$127$64$31$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $455,000, adding $4,678 every year, while hoping to spend $34,485 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: 79/12/9 Blend
65$455,000$455,000$455,000$455,000
66$506,235$482,120$475,068$545,164
67$521,180$469,052$454,291$558,312
68$536,492$454,188$431,662$567,770
69$552,175$437,404$407,083$577,131
70$568,227$418,567$380,451$586,367
71$584,648$397,539$351,658$595,451
72$601,436$374,172$320,592$604,352
73$618,586$348,310$287,136$613,037
74$636,094$319,789$251,166$621,467
75$653,951$288,435$212,556$629,603
76$672,148$254,062$171,171$637,402
77$690,674$216,478$126,872$644,815
78$709,513$175,476$79,513$651,791
79$728,648$130,839$28,941$658,272
80$748,058$82,338$0$664,197
81$767,718$29,730$0$671,902
82$787,600$0$0$682,033
83$807,668$0$0$695,340
84$827,885$0$0$712,695
85$848,206$0$0$730,133
86$868,580$0$0$747,609
87$888,949$0$0$765,071
88$909,246$0$0$782,464
89$929,397$0$0$799,719
90$949,316$0$0$816,765
91$968,909$0$0$833,516
92$988,066$0$0$849,880
93$1,006,669$0$0$865,750
94$1,024,580$0$0$881,008
95$1,041,647$0$0$895,521
96$1,057,702$0$0$909,141
97$1,072,552$0$0$921,702
98$1,085,987$0$0$933,019
99$1,097,770$0$0$942,885
100$1,107,636$0$0$951,071