Can I retire at age 66 with 473,000?

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 $473,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.9%
1 years$39,060$38,712$38,373$38,041$37,718$36,956
2 years$19,337$18,976$18,627$18,289$17,961$17,197
3 years$12,763$12,401$12,053$11,718$11,395$10,653
4 years$9,477$9,116$8,772$8,442$8,127$7,412
5 years$7,506$7,147$6,807$6,484$6,178$5,492
6 years$6,192$5,836$5,501$5,186$4,888$4,232
7 years$5,254$4,901$4,572$4,263$3,976$3,350
8 years$4,551$4,201$3,877$3,576$3,298$2,702
9 years$4,004$3,658$3,339$3,046$2,778$2,211
10 years$3,567$3,224$2,911$2,626$2,367$1,829
11 years$3,210$2,870$2,563$2,285$2,035$1,526
12 years$2,912$2,576$2,275$2,005$1,764$1,282
13 years$2,661$2,328$2,032$1,770$1,538$1,083
14 years$2,445$2,116$1,826$1,571$1,348$919
15 years$2,259$1,933$1,649$1,401$1,187$783
16 years$2,096$1,774$1,495$1,254$1,049$669
17 years$1,952$1,634$1,360$1,127$930$573
18 years$1,824$1,510$1,242$1,016$827$492
19 years$1,710$1,399$1,137$918$737$424
20 years$1,608$1,300$1,043$831$659$365
21 years$1,515$1,211$959$754$589$315
22 years$1,431$1,130$884$686$528$272
23 years$1,354$1,057$817$625$474$235
24 years$1,284$991$755$570$426$204
25 years$1,219$930$699$520$384$176
26 years$1,160$874$649$476$345$153
27 years$1,105$822$602$435$311$133
28 years$1,054$775$560$399$281$115
29 years$1,007$731$521$366$254$100
30 years$963$690$485$336$229$87
31 years$922$653$452$308$207$75
32 years$883$617$422$283$188$65
33 years$847$585$394$261$170$57
34 years$813$554$368$240$154$49
35 years$781$526$344$221$139$43
36 years$751$499$322$203$126$37
37 years$723$474$302$187$114$32
38 years$696$450$282$173$104$28
39 years$671$428$265$159$94$25
40 years$647$407$248$147$85$21
41 years$624$388$232$135$77$19
42 years$602$369$218$125$70$16
43 years$582$352$205$115$64$14
44 years$562$335$192$107$58$12
45 years$543$320$180$98$52$11
46 years$525$305$169$91$48$9
47 years$508$291$159$84$43$8
48 years$492$278$150$78$39$7
49 years$477$265$141$72$36$6
50 years$462$254$132$66$32$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $473,000, adding $5,361 every year, while hoping to spend $25,339 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: 48/38/14 Blend
65$473,000$473,000$473,000$473,000
66$526,776$501,707$494,375$549,765
67$553,547$499,330$483,976$563,822
68$582,198$495,987$472,380$576,029
69$612,897$491,605$459,519$588,722
70$645,823$486,104$445,323$601,958
71$681,176$479,402$429,720$615,796
72$719,173$471,410$412,633$630,306
73$760,054$462,034$393,982$645,566
74$804,082$451,177$373,683$661,664
75$851,545$438,732$351,648$678,698
76$902,762$424,588$327,787$696,778
77$958,080$408,629$302,004$716,028
78$1,017,882$390,730$274,200$736,586
79$1,082,590$370,760$244,269$758,609
80$1,152,665$348,578$212,104$782,269
81$1,228,618$324,039$177,589$807,761
82$1,311,006$296,987$140,608$835,302
83$1,400,446$267,256$101,036$865,133
84$1,497,614$234,674$58,743$897,524
85$1,603,254$199,056$13,594$932,777
86$1,718,185$160,209$0$971,227
87$1,843,308$117,928$0$1,018,414
88$1,979,614$71,995$0$1,072,091
89$2,128,195$22,183$0$1,130,710
90$2,290,251$0$0$1,194,811
91$2,467,104$0$0$1,278,266
92$2,660,207$0$0$1,379,568
93$2,871,164$0$0$1,490,287
94$3,101,735$0$0$1,611,354
95$3,353,863$0$0$1,743,796
96$3,629,685$0$0$1,888,741
97$3,931,552$0$0$2,047,433
98$4,262,056$0$0$2,221,243
99$4,624,051$0$0$2,411,677
100$5,020,678$0$0$2,620,398