Can I retire at age 66 with 456,000?

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 $456,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.1%
1 years$37,656$37,321$36,993$36,674$36,362$35,745
2 years$18,642$18,294$17,958$17,632$17,315$16,695
3 years$12,304$11,956$11,620$11,297$10,986$10,382
4 years$9,136$8,789$8,456$8,139$7,835$7,253
5 years$7,236$6,890$6,562$6,251$5,956$5,397
6 years$5,969$5,627$5,303$4,999$4,713$4,177
7 years$5,065$4,725$4,407$4,110$3,833$3,321
8 years$4,387$4,050$3,738$3,448$3,180$2,691
9 years$3,860$3,527$3,219$2,937$2,678$2,213
10 years$3,439$3,108$2,807$2,532$2,282$1,840
11 years$3,094$2,767$2,471$2,203$1,962$1,543
12 years$2,808$2,484$2,193$1,933$1,700$1,303
13 years$2,565$2,245$1,959$1,706$1,483$1,106
14 years$2,357$2,040$1,760$1,515$1,300$944
15 years$2,177$1,864$1,589$1,351$1,144$809
16 years$2,020$1,710$1,441$1,209$1,011$695
17 years$1,882$1,575$1,311$1,087$897$599
18 years$1,759$1,455$1,197$979$797$517
19 years$1,649$1,349$1,096$885$711$448
20 years$1,550$1,253$1,006$801$635$388
21 years$1,460$1,167$925$727$568$337
22 years$1,379$1,090$853$661$509$293
23 years$1,305$1,019$787$602$457$255
24 years$1,238$955$728$549$411$222
25 years$1,176$896$674$502$370$193
26 years$1,118$842$625$459$333$169
27 years$1,065$793$581$420$300$147
28 years$1,016$747$540$385$271$129
29 years$971$705$502$353$245$112
30 years$928$665$468$324$221$98
31 years$889$629$436$297$200$86
32 years$851$595$407$273$181$75
33 years$817$564$380$251$164$66
34 years$784$534$355$231$148$57
35 years$753$507$332$213$134$50
36 years$724$481$311$196$122$44
37 years$697$457$291$181$110$39
38 years$671$434$272$166$100$34
39 years$647$413$255$153$91$30
40 years$623$393$239$142$82$26
41 years$601$374$224$131$75$23
42 years$581$356$210$121$68$20
43 years$561$339$197$111$61$17
44 years$542$323$185$103$56$15
45 years$524$308$174$95$51$13
46 years$507$294$163$88$46$12
47 years$490$281$153$81$42$10
48 years$475$268$144$75$38$9
49 years$460$256$136$69$34$8
50 years$445$244$127$64$31$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $456,000, adding $2,466 every year, while hoping to spend $32,162 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: 79/9/12 Blend
65$456,000$456,000$456,000$456,000
66$505,056$480,888$473,820$543,629
67$522,351$470,231$455,473$558,677
68$540,333$457,974$435,433$570,785
69$559,037$444,005$413,610$583,142
70$578,502$428,205$389,909$595,758
71$598,769$410,447$364,231$608,647
72$619,884$390,598$336,473$621,821
73$641,893$368,519$306,525$635,295
74$664,848$344,059$274,277$649,087
75$688,806$317,061$239,608$663,215
76$713,826$287,359$202,397$677,700
77$739,974$254,776$162,514$692,568
78$767,318$219,127$119,825$707,844
79$795,935$180,215$74,190$723,560
80$825,907$137,833$25,463$739,748
81$857,324$91,760$0$756,446
82$890,280$41,766$0$777,095
83$924,882$0$0$802,046
84$961,242$0$0$829,335
85$999,485$0$0$862,392
86$1,039,746$0$0$897,198
87$1,082,169$0$0$933,880
88$1,126,915$0$0$972,575
89$1,174,158$0$0$1,013,437
90$1,224,087$0$0$1,056,628
91$1,276,909$0$0$1,102,329
92$1,332,850$0$0$1,150,736
93$1,392,156$0$0$1,202,064
94$1,455,097$0$0$1,256,546
95$1,521,967$0$0$1,314,440
96$1,593,090$0$0$1,376,026
97$1,668,817$0$0$1,441,610
98$1,749,536$0$0$1,511,528
99$1,835,668$0$0$1,586,148
100$1,927,678$0$0$1,665,874