Can I retire at age 66 with 461,000?

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 $461,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.5%
1 years$38,069$37,730$37,399$37,076$36,761$35,499
2 years$18,846$18,495$18,155$17,825$17,505$16,247
3 years$12,439$12,087$11,747$11,421$11,106$9,890
4 years$9,236$8,885$8,549$8,228$7,921$6,758
5 years$7,315$6,966$6,634$6,320$6,021$4,913
6 years$6,035$5,688$5,362$5,054$4,764$3,713
7 years$5,121$4,777$4,456$4,155$3,875$2,879
8 years$4,435$4,095$3,779$3,486$3,215$2,274
9 years$3,903$3,565$3,255$2,969$2,707$1,820
10 years$3,477$3,143$2,837$2,559$2,307$1,473
11 years$3,128$2,798$2,498$2,227$1,984$1,201
12 years$2,838$2,511$2,217$1,954$1,719$985
13 years$2,593$2,269$1,981$1,725$1,499$812
14 years$2,383$2,063$1,780$1,531$1,314$672
15 years$2,201$1,884$1,607$1,365$1,157$559
16 years$2,042$1,729$1,457$1,223$1,023$465
17 years$1,902$1,592$1,326$1,099$907$388
18 years$1,778$1,471$1,210$990$806$325
19 years$1,667$1,364$1,108$895$719$272
20 years$1,567$1,267$1,017$810$642$228
21 years$1,476$1,180$935$735$574$191
22 years$1,395$1,102$862$669$515$161
23 years$1,320$1,030$796$609$462$135
24 years$1,251$965$736$555$415$114
25 years$1,189$906$682$507$374$96
26 years$1,131$851$632$464$337$81
27 years$1,077$801$587$424$304$68
28 years$1,027$755$546$389$274$57
29 years$981$712$508$357$247$48
30 years$938$673$473$327$223$41
31 years$898$636$441$301$202$34
32 years$861$602$411$276$183$29
33 years$826$570$384$254$165$24
34 years$793$540$359$234$150$21
35 years$761$512$336$215$136$17
36 years$732$486$314$198$123$15
37 years$705$462$294$183$111$12
38 years$678$439$275$168$101$10
39 years$654$417$258$155$92$9
40 years$630$397$242$143$83$7
41 years$608$378$227$132$75$6
42 years$587$360$213$122$68$5
43 years$567$343$199$112$62$4
44 years$548$327$187$104$56$4
45 years$530$312$176$96$51$3
46 years$512$297$165$89$46$3
47 years$496$284$155$82$42$2
48 years$480$271$146$76$38$2
49 years$465$259$137$70$35$2
50 years$450$247$129$65$32$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $461,000, adding $3,843 every year, while hoping to spend $39,096 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: 57/31/12 Blend
65$461,000$461,000$461,000$461,000
66$511,986$487,553$480,408$539,420
67$522,611$469,845$454,903$540,696
68$533,009$449,960$427,234$537,431
69$543,116$427,748$397,287$532,947
70$552,860$403,053$364,942$527,134
71$562,160$375,711$330,076$519,871
72$570,924$345,545$292,558$511,029
73$579,053$312,372$252,253$500,467
74$586,433$275,994$209,019$488,033
75$592,937$236,206$162,710$473,562
76$598,425$192,788$113,169$456,876
77$602,741$145,511$60,237$437,783
78$605,710$94,131$3,744$416,071
79$607,139$38,390$0$391,516
80$606,813$0$0$371,109
81$604,492$0$0$355,827
82$599,912$0$0$352,197
83$592,778$0$0$346,941
84$582,765$0$0$339,850
85$569,510$0$0$330,699
86$552,613$0$0$319,233
87$531,630$0$0$305,175
88$506,070$0$0$288,214
89$475,391$0$0$268,008
90$438,989$0$0$244,179
91$396,201$0$0$216,308
92$346,290$0$0$183,931
93$288,442$0$0$146,536
94$221,760$0$0$103,559
95$145,248$0$0$54,373
96$57,810$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0