Can I retire at age 66 with 474,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $474,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.5%
1 years$39,142$38,794$38,454$38,122$37,797$36,794
2 years$19,377$19,017$18,667$18,328$17,999$16,995
3 years$12,790$12,428$12,079$11,743$11,419$10,446
4 years$9,497$9,136$8,790$8,460$8,144$7,210
5 years$7,522$7,162$6,822$6,498$6,191$5,298
6 years$6,205$5,849$5,513$5,197$4,899$4,047
7 years$5,265$4,912$4,581$4,272$3,984$3,174
8 years$4,560$4,210$3,885$3,584$3,305$2,537
9 years$4,013$3,666$3,346$3,053$2,783$2,056
10 years$3,575$3,231$2,917$2,632$2,372$1,684
11 years$3,217$2,877$2,568$2,290$2,040$1,391
12 years$2,918$2,582$2,279$2,009$1,768$1,156
13 years$2,666$2,333$2,037$1,773$1,541$966
14 years$2,450$2,121$1,830$1,574$1,351$811
15 years$2,263$1,937$1,652$1,404$1,190$683
16 years$2,100$1,778$1,498$1,257$1,051$577
17 years$1,956$1,637$1,363$1,130$932$489
18 years$1,828$1,513$1,244$1,018$829$415
19 years$1,714$1,402$1,139$920$739$353
20 years$1,611$1,303$1,045$833$660$300
21 years$1,518$1,213$962$756$591$256
22 years$1,434$1,133$886$687$529$218
23 years$1,357$1,059$818$626$475$187
24 years$1,287$993$757$571$427$159
25 years$1,222$932$701$521$384$136
26 years$1,163$875$650$477$346$117
27 years$1,107$824$604$436$312$100
28 years$1,056$776$561$400$282$86
29 years$1,009$732$522$367$254$73
30 years$965$692$486$337$230$63
31 years$924$654$453$309$208$54
32 years$885$619$423$284$188$46
33 years$849$586$395$261$170$40
34 years$815$555$369$240$154$34
35 years$783$527$345$221$139$29
36 years$753$500$323$204$126$25
37 years$724$475$302$188$115$21
38 years$698$451$283$173$104$18
39 years$672$429$265$160$94$16
40 years$648$408$248$147$85$14
41 years$625$389$233$136$77$12
42 years$603$370$219$125$70$10
43 years$583$353$205$116$64$9
44 years$563$336$193$107$58$7
45 years$544$321$181$99$53$6
46 years$527$306$170$91$48$5
47 years$510$292$159$84$43$5
48 years$493$279$150$78$39$4
49 years$478$266$141$72$36$3
50 years$463$254$132$66$32$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $474,000, adding $2,384 every year, while hoping to spend $22,978 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: 51/34/15 Blend
65$474,000$474,000$474,000$474,000
66$524,807$499,685$492,338$549,313
67$553,889$499,721$484,383$566,421
68$585,167$498,989$475,391$582,401
69$618,841$497,427$465,304$599,264
70$655,131$494,968$454,059$617,100
71$694,277$491,544$441,593$636,009
72$736,543$487,080$427,837$656,104
73$782,222$481,499$412,721$677,508
74$831,632$474,716$396,170$700,361
75$885,126$466,644$378,109$724,817
76$943,088$457,189$358,455$751,047
77$1,005,945$446,253$337,125$779,242
78$1,074,163$433,731$314,031$809,613
79$1,148,256$419,512$289,079$842,395
80$1,228,789$403,479$262,174$877,849
81$1,316,384$385,508$233,215$916,265
82$1,411,725$365,467$202,098$957,965
83$1,515,564$343,219$168,711$1,003,304
84$1,628,730$318,615$132,941$1,052,678
85$1,752,134$291,500$94,668$1,106,526
86$1,886,779$261,712$53,768$1,165,333
87$2,033,770$229,075$10,108$1,229,639
88$2,194,322$193,407$0$1,300,040
89$2,369,773$154,514$0$1,383,035
90$2,561,597$112,192$0$1,475,625
91$2,771,414$66,224$0$1,577,025
92$3,001,012$16,383$0$1,688,155
93$3,252,357$0$0$1,810,036
94$3,527,615$0$0$1,957,851
95$3,829,169$0$0$2,126,552
96$4,159,646$0$0$2,311,483
97$4,521,939$0$0$2,514,269
98$4,919,233$0$0$2,736,702
99$5,355,037$0$0$2,980,750
100$5,833,216$0$0$3,248,586