Can I retire at age 66 with 466,000?

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 $466,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.9%
1 years$38,482$38,139$37,805$37,478$37,159$36,710
2 years$19,050$18,696$18,352$18,018$17,695$17,243
3 years$12,574$12,218$11,875$11,545$11,226$10,786
4 years$9,337$8,981$8,642$8,317$8,007$7,581
5 years$7,395$7,042$6,706$6,388$6,087$5,676
6 years$6,100$5,750$5,420$5,109$4,816$4,422
7 years$5,176$4,829$4,504$4,200$3,917$3,539
8 years$4,484$4,139$3,820$3,524$3,249$2,888
9 years$3,945$3,604$3,290$3,001$2,736$2,391
10 years$3,514$3,177$2,868$2,587$2,332$2,003
11 years$3,162$2,828$2,525$2,252$2,005$1,692
12 years$2,869$2,538$2,241$1,975$1,738$1,440
13 years$2,621$2,294$2,002$1,744$1,515$1,233
14 years$2,409$2,085$1,799$1,548$1,328$1,060
15 years$2,225$1,905$1,624$1,380$1,170$916
16 years$2,065$1,748$1,473$1,236$1,034$794
17 years$1,923$1,609$1,340$1,110$917$690
18 years$1,797$1,487$1,223$1,001$815$601
19 years$1,685$1,378$1,120$904$726$525
20 years$1,584$1,281$1,028$819$649$459
21 years$1,493$1,193$945$743$581$402
22 years$1,410$1,114$871$676$520$353
23 years$1,334$1,042$804$615$467$310
24 years$1,265$976$744$561$420$272
25 years$1,201$916$689$513$378$240
26 years$1,143$861$639$469$340$211
27 years$1,089$810$593$429$307$186
28 years$1,039$763$552$393$277$164
29 years$992$720$513$360$250$145
30 years$949$680$478$331$226$128
31 years$908$643$446$304$204$113
32 years$870$608$416$279$185$100
33 years$835$576$388$257$167$88
34 years$801$546$363$236$151$78
35 years$770$518$339$217$137$69
36 years$740$491$317$200$124$61
37 years$712$467$297$185$113$54
38 years$686$444$278$170$102$48
39 years$661$422$261$157$93$42
40 years$637$401$244$145$84$37
41 years$615$382$229$133$76$33
42 years$593$364$215$123$69$29
43 years$573$347$202$114$63$26
44 years$554$330$189$105$57$23
45 years$535$315$178$97$52$20
46 years$518$301$167$90$47$18
47 years$501$287$157$83$43$16
48 years$485$274$147$76$39$14
49 years$470$262$138$71$35$12
50 years$455$250$130$65$32$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $466,000, adding $3,138 every year, while hoping to spend $21,233 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: 74/20/6 Blend
65$466,000$466,000$466,000$466,000
66$516,769$492,071$484,848$554,434
67$546,888$493,591$478,499$581,175
68$579,367$494,473$471,225$607,457
69$614,425$494,665$462,973$635,639
70$652,301$494,109$453,688$665,900
71$693,260$492,744$443,311$698,440
72$737,592$490,508$431,781$733,477
73$785,614$487,330$419,033$771,254
74$837,677$483,140$405,001$812,036
75$894,166$477,860$389,615$856,117
76$955,505$471,410$372,802$903,822
77$1,022,160$463,702$354,484$955,507
78$1,094,644$454,647$334,582$1,011,566
79$1,173,520$444,147$313,013$1,072,435
80$1,259,408$432,099$289,689$1,138,592
81$1,352,993$418,397$264,518$1,210,565
82$1,455,024$402,924$237,405$1,288,938
83$1,566,329$385,560$208,251$1,374,354
84$1,687,819$366,177$176,952$1,467,520
85$1,820,495$344,638$143,398$1,569,220
86$1,965,460$320,800$107,476$1,680,316
87$2,123,928$294,511$69,068$1,801,759
88$2,297,238$265,610$28,051$1,934,598
89$2,486,859$233,929$0$2,079,990
90$2,694,415$199,287$0$2,240,217
91$2,921,688$161,495$0$2,417,662
92$3,170,646$120,354$0$2,612,089
93$3,443,452$75,651$0$2,825,217
94$3,742,490$27,164$0$3,058,944
95$4,070,386$0$0$3,315,363
96$4,430,032$0$0$3,602,355
97$4,824,612$0$0$3,923,804
98$5,257,635$0$0$4,276,593
99$5,732,964$0$0$4,663,872
100$6,254,858$0$0$5,089,111