Can I retire at age 66 with 468,000?

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 $468,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17%
1 years$38,647$38,303$37,967$37,639$37,319$36,255
2 years$19,132$18,776$18,431$18,096$17,771$16,707
3 years$12,628$12,270$11,926$11,594$11,275$10,245
4 years$9,377$9,020$8,679$8,353$8,041$7,053
5 years$7,426$7,072$6,735$6,416$6,113$5,169
6 years$6,127$5,775$5,443$5,131$4,837$3,938
7 years$5,198$4,849$4,523$4,218$3,934$3,080
8 years$4,503$4,157$3,836$3,539$3,263$2,454
9 years$3,962$3,619$3,304$3,014$2,748$1,983
10 years$3,529$3,190$2,880$2,598$2,342$1,619
11 years$3,176$2,840$2,536$2,261$2,014$1,333
12 years$2,882$2,549$2,251$1,983$1,745$1,105
13 years$2,633$2,304$2,011$1,751$1,522$920
14 years$2,419$2,094$1,807$1,554$1,334$770
15 years$2,235$1,913$1,631$1,386$1,175$646
16 years$2,073$1,755$1,479$1,241$1,038$544
17 years$1,931$1,616$1,346$1,115$920$459
18 years$1,805$1,494$1,228$1,005$818$388
19 years$1,692$1,384$1,125$908$729$329
20 years$1,591$1,286$1,032$822$652$279
21 years$1,499$1,198$949$746$583$237
22 years$1,416$1,118$875$679$523$201
23 years$1,340$1,046$808$618$469$171
24 years$1,270$980$747$564$422$146
25 years$1,207$920$692$515$379$124
26 years$1,148$864$642$471$342$106
27 years$1,093$813$596$431$308$90
28 years$1,043$767$554$395$278$77
29 years$996$723$516$362$251$66
30 years$953$683$480$332$227$56
31 years$912$646$448$305$205$48
32 years$874$611$418$280$186$41
33 years$838$579$390$258$168$35
34 years$805$548$364$237$152$30
35 years$773$520$341$218$138$25
36 years$743$494$319$201$125$22
37 years$715$469$298$185$113$19
38 years$689$446$279$171$103$16
39 years$664$424$262$158$93$14
40 years$640$403$245$145$84$12
41 years$617$384$230$134$76$10
42 years$596$365$216$124$69$8
43 years$575$348$202$114$63$7
44 years$556$332$190$105$57$6
45 years$538$316$178$97$52$5
46 years$520$302$168$90$47$5
47 years$503$288$157$83$43$4
48 years$487$275$148$77$39$3
49 years$472$263$139$71$35$3
50 years$457$251$131$66$32$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $468,000, adding $5,201 every year, while hoping to spend $23,391 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: 62/29/9 Blend
65$468,000$468,000$468,000$468,000
66$521,101$496,297$489,043$552,072
67$549,365$495,728$480,538$572,853
68$579,729$494,346$470,964$592,351
69$612,381$492,089$460,261$613,043
70$647,529$488,887$448,365$635,044
71$685,402$484,667$435,210$658,483
72$726,250$479,353$420,727$683,500
73$770,350$472,864$404,844$710,252
74$818,003$465,112$387,484$738,914
75$869,543$456,006$368,568$769,677
76$925,335$445,449$348,014$802,754
77$985,782$433,338$325,735$838,381
78$1,051,325$419,565$301,641$876,817
79$1,122,451$404,015$275,636$918,353
80$1,199,695$386,565$247,623$963,306
81$1,283,643$367,087$217,499$1,012,030
82$1,374,945$345,444$185,155$1,064,916
83$1,474,311$321,492$150,479$1,122,395
84$1,582,524$295,079$113,354$1,184,946
85$1,700,447$266,043$73,657$1,253,098
86$1,829,029$234,215$31,260$1,327,434
87$1,969,312$199,414$0$1,408,601
88$2,122,446$161,450$0$1,498,656
89$2,289,697$120,122$0$1,600,337
90$2,472,455$75,217$0$1,711,525
91$2,672,256$26,513$0$1,833,200
92$2,890,786$0$0$1,966,443
93$3,129,903$0$0$2,120,818
94$3,391,655$0$0$2,299,101
95$3,678,294$0$0$2,494,371
96$3,992,302$0$0$2,708,322
97$4,336,412$0$0$2,942,821
98$4,713,633$0$0$3,199,924
99$5,127,280$0$0$3,481,894
100$5,581,004$0$0$3,791,227