Can I retire at age 66 with 476,000?

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 $476,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.6%
1 years$39,308$38,958$38,616$38,282$37,957$36,494
2 years$19,459$19,097$18,746$18,405$18,075$16,618
3 years$12,844$12,480$12,130$11,792$11,467$10,063
4 years$9,537$9,174$8,827$8,496$8,179$6,838
5 years$7,553$7,193$6,850$6,525$6,217$4,943
6 years$6,231$5,873$5,536$5,218$4,919$3,712
7 years$5,287$4,932$4,601$4,290$4,001$2,861
8 years$4,580$4,228$3,902$3,599$3,319$2,245
9 years$4,030$3,681$3,360$3,066$2,795$1,785
10 years$3,590$3,245$2,930$2,643$2,382$1,434
11 years$3,230$2,889$2,579$2,300$2,048$1,161
12 years$2,931$2,593$2,289$2,017$1,775$945
13 years$2,678$2,343$2,045$1,781$1,548$774
14 years$2,461$2,130$1,838$1,581$1,357$636
15 years$2,273$1,946$1,659$1,410$1,195$524
16 years$2,109$1,785$1,504$1,262$1,056$433
17 years$1,964$1,644$1,369$1,134$936$358
18 years$1,836$1,519$1,249$1,022$832$297
19 years$1,721$1,408$1,144$924$742$247
20 years$1,618$1,308$1,050$837$663$205
21 years$1,525$1,219$966$759$593$171
22 years$1,440$1,138$890$690$532$142
23 years$1,363$1,064$822$629$477$119
24 years$1,292$997$760$573$429$99
25 years$1,227$935$704$524$386$82
26 years$1,167$879$653$479$348$69
27 years$1,112$827$606$438$313$57
28 years$1,061$780$564$402$283$48
29 years$1,013$736$524$368$255$40
30 years$969$695$488$338$231$33
31 years$928$657$455$310$209$28
32 years$889$621$425$285$189$23
33 years$852$588$397$262$171$20
34 years$818$558$371$241$155$16
35 years$786$529$347$222$140$14
36 years$756$502$324$205$127$11
37 years$727$477$303$189$115$10
38 years$700$453$284$174$104$8
39 years$675$431$266$160$95$7
40 years$651$410$250$148$86$6
41 years$628$390$234$136$78$5
42 years$606$372$219$126$71$4
43 years$585$354$206$116$64$3
44 years$566$338$193$107$58$3
45 years$547$322$182$99$53$2
46 years$529$307$170$91$48$2
47 years$512$293$160$85$44$2
48 years$495$280$151$78$40$1
49 years$480$267$141$72$36$1
50 years$465$255$133$67$33$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $476,000, adding $4,862 every year, while hoping to spend $22,953 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: 62/16/22 Blend
65$476,000$476,000$476,000$476,000
66$529,567$504,339$496,961$559,070
67$559,161$504,630$489,188$579,881
68$591,005$504,166$480,384$599,618
69$625,302$502,885$470,492$620,650
70$662,280$500,723$459,451$643,106
71$702,185$497,611$447,195$667,128
72$745,290$493,476$433,658$692,875
73$791,893$488,240$418,769$720,522
74$842,322$481,820$402,454$750,263
75$896,940$474,130$384,637$782,314
76$956,143$465,078$365,237$816,911
77$1,020,368$454,565$344,171$854,317
78$1,090,094$442,487$321,350$894,823
79$1,165,851$428,736$296,682$938,751
80$1,248,218$413,195$270,071$986,457
81$1,337,836$395,741$241,418$1,038,333
82$1,435,407$376,244$210,618$1,094,815
83$1,541,706$354,567$177,560$1,156,384
84$1,657,583$330,564$142,132$1,223,572
85$1,783,977$304,082$104,214$1,296,965
86$1,921,918$274,958$63,680$1,377,213
87$2,072,542$243,019$20,402$1,465,034
88$2,237,100$208,086$0$1,561,220
89$2,416,967$169,965$0$1,672,700
90$2,613,659$128,454$0$1,799,894
91$2,828,843$83,339$0$1,939,110
92$3,064,357$34,394$0$2,091,567
93$3,322,222$0$0$2,258,604
94$3,604,667$0$0$2,444,980
95$3,914,144$0$0$2,655,864
96$4,253,354$0$0$2,887,046
97$4,625,273$0$0$3,140,557
98$5,033,177$0$0$3,418,635
99$5,480,675$0$0$3,723,746
100$5,971,742$0$0$4,058,605