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%11.6%
1 years$39,308$38,958$38,616$38,282$37,957$37,702
2 years$19,459$19,097$18,746$18,405$18,075$17,818
3 years$12,844$12,480$12,130$11,792$11,467$11,216
4 years$9,537$9,174$8,827$8,496$8,179$7,935
5 years$7,553$7,193$6,850$6,525$6,217$5,982
6 years$6,231$5,873$5,536$5,218$4,919$4,693
7 years$5,287$4,932$4,601$4,290$4,001$3,783
8 years$4,580$4,228$3,902$3,599$3,319$3,110
9 years$4,030$3,681$3,360$3,066$2,795$2,595
10 years$3,590$3,245$2,930$2,643$2,382$2,190
11 years$3,230$2,889$2,579$2,300$2,048$1,866
12 years$2,931$2,593$2,289$2,017$1,775$1,601
13 years$2,678$2,343$2,045$1,781$1,548$1,382
14 years$2,461$2,130$1,838$1,581$1,357$1,199
15 years$2,273$1,946$1,659$1,410$1,195$1,044
16 years$2,109$1,785$1,504$1,262$1,056$913
17 years$1,964$1,644$1,369$1,134$936$801
18 years$1,836$1,519$1,249$1,022$832$704
19 years$1,721$1,408$1,144$924$742$621
20 years$1,618$1,308$1,050$837$663$548
21 years$1,525$1,219$966$759$593$485
22 years$1,440$1,138$890$690$532$429
23 years$1,363$1,064$822$629$477$381
24 years$1,292$997$760$573$429$338
25 years$1,227$935$704$524$386$301
26 years$1,167$879$653$479$348$268
27 years$1,112$827$606$438$313$238
28 years$1,061$780$564$402$283$212
29 years$1,013$736$524$368$255$189
30 years$969$695$488$338$231$169
31 years$928$657$455$310$209$151
32 years$889$621$425$285$189$134
33 years$852$588$397$262$171$120
34 years$818$558$371$241$155$107
35 years$786$529$347$222$140$96
36 years$756$502$324$205$127$86
37 years$727$477$303$189$115$77
38 years$700$453$284$174$104$69
39 years$675$431$266$160$95$61
40 years$651$410$250$148$86$55
41 years$628$390$234$136$78$49
42 years$606$372$219$126$71$44
43 years$585$354$206$116$64$39
44 years$566$338$193$107$58$35
45 years$547$322$182$99$53$32
46 years$529$307$170$91$48$28
47 years$512$293$160$85$44$25
48 years$495$280$151$78$40$23
49 years$480$267$141$72$36$20
50 years$465$255$133$67$33$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $476,000, adding $4,588 every year, while hoping to spend $25,659 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: 35/43/22 Blend
65$476,000$476,000$476,000$476,000
66$529,285$504,057$496,679$544,136
67$555,971$501,454$486,016$552,885
68$584,519$497,865$474,137$559,631
69$615,091$493,212$460,972$566,388
70$647,868$487,416$446,452$573,173
71$683,043$480,393$430,501$580,006
72$720,833$472,052$413,043$586,912
73$761,474$462,297$393,995$593,921
74$805,223$451,030$373,273$601,067
75$852,367$438,141$350,789$608,393
76$903,218$423,519$326,449$615,947
77$958,118$407,043$300,157$623,785
78$1,017,445$388,587$271,811$631,973
79$1,081,614$368,018$241,307$640,587
80$1,151,080$345,192$208,532$649,712
81$1,226,345$319,962$173,373$659,450
82$1,307,960$292,167$135,708$669,912
83$1,396,530$261,641$95,413$681,230
84$1,492,721$228,207$52,354$693,550
85$1,597,267$191,678$6,396$707,041
86$1,710,974$151,855$0$721,890
87$1,834,728$108,531$0$748,324
88$1,969,507$61,485$0$778,826
89$2,116,383$10,485$0$812,202
90$2,276,539$0$0$848,797
91$2,451,276$0$0$910,154
92$2,642,027$0$0$982,614
93$2,850,366$0$0$1,061,823
94$3,078,030$0$0$1,148,450
95$3,326,928$0$0$1,243,230
96$3,599,165$0$0$1,346,972
97$3,897,056$0$0$1,460,570
98$4,223,152$0$0$1,585,006
99$4,580,259$0$0$1,721,361
100$4,971,472$0$0$1,870,826