Can I retire at age 66 with 462,000?

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 $462,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19%
1 years$38,152$37,812$37,480$37,157$36,841$35,505
2 years$18,887$18,535$18,194$17,864$17,543$16,212
3 years$12,466$12,113$11,773$11,445$11,130$9,846
4 years$9,256$8,904$8,568$8,246$7,938$6,710
5 years$7,331$6,981$6,649$6,334$6,034$4,866
6 years$6,048$5,701$5,373$5,065$4,775$3,667
7 years$5,132$4,787$4,465$4,164$3,883$2,835
8 years$4,445$4,104$3,787$3,493$3,221$2,233
9 years$3,911$3,573$3,262$2,975$2,713$1,782
10 years$3,484$3,149$2,844$2,565$2,312$1,437
11 years$3,135$2,804$2,503$2,232$1,988$1,168
12 years$2,845$2,516$2,222$1,958$1,723$955
13 years$2,599$2,274$1,985$1,729$1,502$785
14 years$2,388$2,067$1,783$1,534$1,317$647
15 years$2,206$1,888$1,610$1,368$1,160$536
16 years$2,047$1,733$1,460$1,225$1,025$445
17 years$1,906$1,596$1,328$1,101$909$370
18 years$1,782$1,474$1,213$992$808$308
19 years$1,670$1,366$1,110$896$720$257
20 years$1,570$1,270$1,019$812$643$215
21 years$1,480$1,183$937$737$576$179
22 years$1,398$1,104$864$670$516$150
23 years$1,323$1,033$798$610$463$126
24 years$1,254$967$738$557$416$105
25 years$1,191$908$683$508$375$88
26 years$1,133$853$634$465$337$74
27 years$1,079$803$588$425$304$62
28 years$1,030$757$547$390$274$52
29 years$983$714$509$357$248$44
30 years$940$674$474$328$224$37
31 years$900$637$442$301$202$31
32 years$863$603$412$277$183$26
33 years$827$571$385$255$166$22
34 years$794$541$360$234$150$18
35 years$763$513$336$216$136$15
36 years$734$487$315$199$123$13
37 years$706$463$294$183$112$11
38 years$680$440$276$169$101$9
39 years$655$418$258$156$92$8
40 years$632$398$242$143$83$6
41 years$609$379$227$132$76$5
42 years$588$361$213$122$69$5
43 years$568$344$200$113$62$4
44 years$549$328$188$104$56$3
45 years$531$312$176$96$51$3
46 years$513$298$165$89$47$2
47 years$497$284$155$82$42$2
48 years$481$272$146$76$38$2
49 years$466$259$137$70$35$1
50 years$451$248$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 $462,000, adding $6,399 every year, while hoping to spend $35,322 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: 76/17/7 Blend
65$462,000$462,000$462,000$462,000
66$515,725$491,239$484,078$553,971
67$530,746$477,727$462,712$566,493
68$546,116$462,369$439,447$575,048
69$561,833$445,038$414,181$583,400
70$577,893$425,598$386,809$591,515
71$594,291$403,906$357,221$599,355
72$611,023$379,811$325,301$606,880
73$628,078$353,153$290,930$614,046
74$645,448$323,763$253,981$620,804
75$663,117$291,462$214,324$627,104
76$681,073$256,060$171,821$632,887
77$699,294$217,359$126,329$638,094
78$717,760$175,148$77,699$642,656
79$736,444$129,203$25,774$646,501
80$755,316$79,289$0$649,551
81$774,342$25,157$0$653,933
82$793,481$0$0$659,538
83$812,686$0$0$670,611
84$831,906$0$0$686,393
85$851,081$0$0$702,126
86$870,143$0$0$717,755
87$889,015$0$0$733,214
88$907,611$0$0$748,430
89$925,833$0$0$763,323
90$943,571$0$0$777,798
91$960,703$0$0$791,754
92$977,090$0$0$805,074
93$992,578$0$0$817,627
94$1,006,995$0$0$829,271
95$1,020,147$0$0$839,841
96$1,031,819$0$0$849,158
97$1,041,771$0$0$857,021
98$1,049,737$0$0$863,205
99$1,055,419$0$0$867,461
100$1,058,487$0$0$869,511