Can I retire at age 66 with 478,000?

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 $478,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.8%
1 years$39,473$39,121$38,778$38,443$38,116$37,362
2 years$19,541$19,177$18,824$18,482$18,151$17,394
3 years$12,898$12,532$12,181$11,842$11,516$10,780
4 years$9,577$9,213$8,864$8,531$8,213$7,504
5 years$7,585$7,223$6,879$6,553$6,243$5,563
6 years$6,257$5,898$5,559$5,240$4,940$4,290
7 years$5,310$4,953$4,620$4,308$4,018$3,397
8 years$4,599$4,246$3,918$3,614$3,333$2,742
9 years$4,047$3,697$3,375$3,079$2,807$2,245
10 years$3,605$3,258$2,942$2,654$2,392$1,858
11 years$3,244$2,901$2,590$2,310$2,057$1,551
12 years$2,943$2,604$2,299$2,026$1,782$1,304
13 years$2,689$2,353$2,054$1,788$1,554$1,103
14 years$2,471$2,139$1,845$1,588$1,363$936
15 years$2,283$1,954$1,666$1,416$1,200$798
16 years$2,118$1,793$1,510$1,268$1,060$683
17 years$1,972$1,651$1,374$1,139$940$585
18 years$1,843$1,525$1,255$1,027$836$503
19 years$1,728$1,414$1,149$928$745$433
20 years$1,625$1,314$1,054$840$665$373
21 years$1,531$1,224$970$762$596$323
22 years$1,446$1,142$894$693$534$279
23 years$1,368$1,068$825$631$479$241
24 years$1,298$1,001$763$576$431$209
25 years$1,232$939$707$526$388$181
26 years$1,172$883$656$481$349$157
27 years$1,117$831$609$440$315$136
28 years$1,065$783$566$403$284$118
29 years$1,018$739$527$370$256$103
30 years$973$698$491$339$232$89
31 years$931$659$457$312$209$78
32 years$893$624$427$286$190$68
33 years$856$591$398$263$172$59
34 years$822$560$372$242$155$51
35 years$790$531$348$223$141$44
36 years$759$504$326$205$127$39
37 years$731$479$305$189$115$34
38 years$703$455$285$174$105$29
39 years$678$433$267$161$95$26
40 years$654$412$251$148$86$22
41 years$630$392$235$137$78$19
42 years$609$373$220$126$71$17
43 years$588$356$207$117$64$15
44 years$568$339$194$108$58$13
45 years$549$323$182$99$53$11
46 years$531$308$171$92$48$10
47 years$514$294$161$85$44$8
48 years$497$281$151$78$40$7
49 years$482$268$142$72$36$6
50 years$467$256$134$67$33$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $478,000, adding $2,208 every year, while hoping to spend $39,016 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: 48/35/17 Blend
65$478,000$478,000$478,000$478,000
66$529,034$503,700$496,291$551,803
67$541,482$486,868$471,404$550,980
68$553,893$467,904$444,375$545,928
69$566,221$446,662$415,093$539,602
70$578,415$422,988$383,438$531,898
71$590,418$396,719$349,287$522,705
72$602,164$367,682$312,512$511,903
73$613,582$335,696$272,978$499,362
74$624,589$300,566$230,545$484,945
75$635,094$262,091$185,065$468,502
76$644,995$220,055$136,386$449,873
77$654,177$174,230$84,348$428,886
78$662,513$124,377$28,783$405,357
79$669,859$70,242$0$379,087
80$676,057$11,556$0$355,396
81$680,931$0$0$334,450
82$684,283$0$0$330,821
83$685,895$0$0$330,693
84$685,524$0$0$329,485
85$682,899$0$0$327,053
86$677,721$0$0$323,238
87$669,658$0$0$317,862
88$658,340$0$0$310,730
89$643,360$0$0$301,625
90$624,266$0$0$290,306
91$600,555$0$0$276,507
92$571,672$0$0$259,933
93$537,005$0$0$240,258
94$495,872$0$0$217,120
95$447,523$0$0$190,123
96$391,126$0$0$158,823
97$325,762$0$0$122,734
98$250,415$0$0$81,317
99$163,963$0$0$33,976
100$65,165$0$0$0